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Polestar announces plans to cut 15% of its global workforce - EV maker missed its 2023 sales target

Polestar announces plans to cut 15% of its global workforce - EV maker missed its 2023 sales target
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Volvo And Geely May Need To Take Polestar Private Before it Collapses, Analyst Says

While the firm is publicly traded, Geely and Volvo still own 88% of shares and 93% of the voting rights

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Should Volvo take Polestar (PSNY) private? Bernstein weighs in

Should Volvo take Polestar (PSNY) private? Bernstein weighs in
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Polestar Owners May Need to Take Company Private, Bernstein Says

Polestar Owners May Need to Take Company Private, Bernstein Says
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Bernstein Analyst Thinks EV Maker Polestar Should Go Private - Polestar Automotive (NASDAQ:PSNY)

When initiating coverage of Polestar, Bernstein rated the company as underperforming, with a target share price of $1.15, indicating a 44% downside.

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