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Polestar Automotive Holding UK PLC (PSNYW)

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-0.0067

(-4.50%)

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What the Tesla Supercharger layoffs could mean for America's EV buildout
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.
Business Wire
Polestar and StoreDot Successfully Charge Polestar 5 Prototype From 10-80% in 10 Minutes
GOTHENBURG, Sweden, April 29, 2024--Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot’s Extreme Fast Charging (XFC) technology in a car for the first time, charging a Polestar 5 prototype from 10-80% in just 10 minutes. The fully driveable verification prototype saw a consistent charge rate starting at 310 kW and rising to a peak in excess of 370 kW at the end of charging.
Yahoo Finance
Hertz loses another $200 million from its EVs
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.