Bear Flag Confirmed on $PSNY

Stock Following Disappointing Earnings.

Polestar second-quarter loss widens as it ramps up EV deliveries

Polestar lost $304 million in the second quarter, on revenue of $685 million.

EV deliveries were up 36% from a year ago.

The company is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.