Polestar Automotive's stock plummeted 6.12% during intraday trading on Friday, following the release of its fourth-quarter and full-year 2025 financial results.
The electric vehicle maker reported a record annual net loss of $2.4 billion for 2025, which widened by 15% compared to the previous year. While revenue climbed 50.3% to $3.1 billion on higher sales volumes, investors focused on the expanding losses and weak profitability metrics. The company's fourth-quarter results showed a net loss of $799 million, with an adjusted gross margin of just 1.9%.
Management expressed caution about the outlook for 2026, noting that the global environment is expected to remain highly uncertain due to recent geopolitical developments. Despite projecting low double-digit volume growth for the coming year, the combination of record losses, thin margins, and a challenging macroeconomic backdrop appears to have driven the stock's decline.
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