Polestar plunges nearly 30% on Wall Street
Translated from Swedish and summarized by DistantNews. Read the original for the full story.
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- Polestar shares closed nearly 30% lower after the electric-car maker reported a loss of 4.4 billion Swedish kronor.
- U.S. markets ended higher, with the Dow Jones up 1.2%, the S&P 500 up 1% and the Nasdaq up 1.4%.
Polestar suffered a sharp setback on Wall Street, closing down nearly 30% after the electric-car maker’s latest report showed a loss of 4.4 billion Swedish kronor.
The fall came as the main U.S. indexes moved in the opposite direction. The Dow Jones ended Thursday up 1.2%, while the S&P 500 gained 1% and the Nasdaq rose 1.4%.
About this summary
Originally published by Svenska Dagbladet in Swedish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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