Polestar digs in for another grim year
1. Polestar expects lower revenue in 2024 than in 2023. 2. Sales shortfall due to fewer Polestar 3 and 4 sales amid EV price war. 3. Polestar must amend past financial statements due to accounting errors. 4. Upcoming models Polestar 5 and 7 aim to boost future sales. 5. Recent layoffs and leadership changes add strain to company's recovery efforts.