Overheated EV market evaporates 94% of Polestar's shareholder value

Polestar 3 — The Polestar 3 crossover will be Polestar's first Made in the U.S.A. model with assembly scheduled to begin at Volvo's South Carolina factory in August. (Stefan Isaksson)

Urvaksh Karkaria

May 30, 2024 01:08 PM

The writing was on the wall even as electric vehicle startup Polestar went public with a $21 billion valuation nearly two years ago.

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