Electric vehicle startup Polestar is the most recent in a line of companies to release adjusted guidance amid waning demand. As Heard on the Street’s StephenWilmot explains, the company may be better off than others. WSJWhatsNow
Updated May 11, 2023 1:16 pm ETThe EU has granted eFuels an exemption in its 2035 ban on sales of new combustion engines. WSJ’s George Downs visits synthetic fuel startup Zero to understand how efuels are made and how they could impact autos. Photo Composite: George Downs’s response to a question about the opportunities presented by the shift to electric vehicles at’s annual meeting last Saturday.
A few days of earnings reports from EV startups later, it is hard to disagree.became the latest manufacturer to cut its outlook for 2023 alongside first-quarter results Thursday., one of Polestar’s major shareholders, needs more time to perfect the software for a new production platform that Polestar will use for its new sport-utility vehicle, Polestar said. The Polestar 3 will now hit the market in 2024 rather than later this year as previously hoped.
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