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Update: Polestar Shares Fall After Q2 Revenue Decline

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(Updates with the latest stock price movement in the headline and the first paragraph and volume guidance in the last paragraph.)

Polestar Automotive's (PSNY) shares were down nearly 26% in Thursday trading after the company reported lower year-over-year revenue and cut its 2026 volume growth guidance.

The company posted a Q2 net loss of $459 million, compared with a loss of $1.03 billion a year earlier.

Revenue for the quarter ended June 30 was $727 million, down from $791 million a year earlier.

The company updated its 2026 volume guidance to low-to-mid single-digit growth from previous low double-digit growth.

Price: $8.88, Change: $-3.11, Percent Change: -25.94%

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