Polestar Automotive (PSNY) Q4 2024 earnings summary

Executive summary

• Q4 2024 retail sales reached 12,256 units, a 5.3% increase compared to Q4 2023, driven by an expanded model line-up.

• Full-year 2024 retail sales totaled 44,851 units, representing a 15% decrease year-over-year.

• Order intake in Q4 2024 surged 37.2% versus Q4 2023, with Polestar 3 and 4 accounting for 56% of orders.

Financial highlights

• Q4 2024 retail sales: 12,256 units, up 5.3% year-over-year.

• Full-year 2024 retail sales: 44,851 units, down 15% from 2023.

• Q4 2024 order intake increased 37.2% year-over-year; full-year order intake up 37.9%.

Outlook and guidance

• Strong order momentum entering 2025, supported by recent commercial operation changes.

• Management to provide further business and strategy updates in January 2025.