Polestar plunges on Wall Street after quarterly loss of 4.4 billion kronor

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Polestar plunges on Wall Street after quarterly loss of 4.4 billion kronor
Photo: Björn Larsson Rosvall/TT

After a quarter of trading, Polestar had lost more than 20 percent. The quarterly report, released on Thursday, showed, among other things, a second-quarter loss of the equivalent of 4.4 billion kronor.

The New York Stock Exchange, however, is generally heading in the opposite direction. Just before 4 p.m., the Dow Jones Industrial Average was up 0.8 percent, the broad S&P 500 was up 0.6 percent, while the tech-heavy Nasdaq was up 0.9 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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