Polestar Investor Update 2023

Polestar's investor update for the nine months ended September 30, 2023 covers 41,817 deliveries (up 37% YoY), $1.84B revenue, and $951M cash. Q3 alone saw 13,976 deliveries (+51% YoY) and $4M gross profit. The strengthened business plan targets 155–165k vehicles by 2025, high-teens gross margins, and requires approximately $1.3B in additional external funding. The deck covers a six-model product roadmap (Polestar 1–6), asset-light partnership model with Volvo Cars and Geely, 2023 delivery guidance of ~60k units, and GAAP-to-non-GAAP reconciliation.