Polestar's 2025 Sales Surge: Reassessing Cash Burn & Competitive Risks

In January 2026, Polestar Automotive Holding UK PLC reported fourth-quarter 2025 retail sales of 15,608 cars and full-year sales of 60,119, both higher than the prior year. This step-up in retail volumes suggests that Polestar is managing to increase customer deliveries even as competition in the global EV market intensifies. We will now examine how this acceleration in full-year retail sales intersects with concerns about cash burn, competition, and Polestar’s longer-term investment case. AI is about to change healthcare. These . The best part - they are all under $10b in market cap - there's still time to get in early. Polestar Automotive Holding UK Investment Narrative Recap To own Polestar today, you need to believe that its brand, technology and partnerships can eventually support a sustainable, profitable EV business. The latest jump in 2025 retail volumes is encouraging for demand, but does not yet resolve the most immediate concern around cash burn and funding, which remains the key near term catalyst and risk for the equity story. The recent US$600 million term loan facility from Geely Sweden Automotive Investment AB is particularly relevant here, as it directly addresses liquidity and provides additional runway while Polestar scales volumes. Taken together with the US$300 million equity raise in December 2025, these moves give the company more financial flexibility to support higher deliveries, even though long term profitability and balance sheet strength are still open questions. Yet behind this progress, one issue investors should be aware of is the combination of ongoing losses and negative shareholders’ equity... Polestar Automotive Holding UK's narrative projects $11.0 billion revenue and $559.6 million earnings by 2028. This requires 63.1% yearly revenue growth and about a $3.3 billion earnings increase from -$2.7 billion today. , a 35% upside to its current price. Exploring Other Perspectives Simply Wall St Community members place Polestar’s fair value between US$1.10 and US$32.13 across 11 different views, showing how far opinions can diverge. When you set this against Polestar’s higher 2025 sales but persistent losses and funding dependence, it underlines why it can pay to compare several perspectives before forming your own view. - why the stock might be worth less than half the current price! Build Your Own Polestar Automotive Holding UK Narrative Disagree with existing narratives? - extraordinary investment returns rarely come from following the herd. A great starting point for your Polestar Automotive Holding UK research is our analysis highlighting that could impact your investment decision. provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Polestar Automotive Holding UK's overall financial health at a glance. Want Some Alternatives? Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters: We've found . See the full list for free. Trump has pledged to "unleash" American oil and gas and these . The end of cancer? These like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.