Swedish electric vehicle maker Polestar (NASDAQ:PSNY) cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart
Swedish electric vehicle maker Polestar (NASDAQ:PSNY) cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups.The company on Thursday reported an 84% increase in revenue for 2022 to roughly $2.5 billion as it exceeded a 50,000-vehicle delivery target. Its net loss for the year fell to $466 million from more than $1 billion in 2021. Its adjusted operating loss narrowed by 8% to $914 million, while its adjusted earnings before interest and taxes, depreciation and amortization increased 4.8% to $759 million.CEO Thomas Ingenlath…
