Polestar’s Sales Are Growing, But It's Still Far From Safe
Polestar reported record retail sales of 60,119 cars in 2025, up 34% year-on-year, but recorded a gross loss of $1.084 billion and a net loss of $2.357 billion. The company's sales growth is slowing, with a 7% increase in Q1 2026 despite a 50% expansion in sales points.
Polestar's sales are growing, but the company is still facing financial challenges. In 2025, it reported record retail sales of 60,119 cars, a 34% year-on-year increase, and revenue rose 50.3% to $3.058 billion. However, the company recorded a gross loss of $1.084 billion and a net loss of $2.357 billion. In Q1 2026, retail sales increased by 7% to 13,126 cars, despite a 50% expansion in sales points to 230. The company's growth is slowing, raising concerns about cash burn, pricing pressure, and long-term independence. Polestar has multiple models on sale, including the Polestar 1, 2, 3, and 4, and is trying to move into the SUV market.
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