Polestar Cuts Delivery Forecast Amid U.S. Market Exit
Polestar (NASDAQ:PSNY) has revised its full-year delivery forecast downward due to the impact of being barred from selling newer vehicles in the United States under a Commerce Department rule targeting Chinese-controlled vehicle software and data systems. The company now expects low-to-mid single-digit annual volume growth, translating into 61,900–63,100 deliveries for 2026—well below its previous forecast of low double digits. The U.S. exit has already led to $130 million in restructuring charges and contributed to a second-quarter revenue decline of 8% year-over-year to $727 million. Despite raising $700 million in fresh equity, Polestar’s first-half free cash flow worsened significantly to negative $1.06 billion from -$787 million the prior year. CEO Michael Lohscheller emphasized continued operational discipline and a focus on business improvement. Polestar is launching new models like the SUV 4 as part of its strategy to offset U.S. losses by expanding in other markets.
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