Polestar presents its financial results for the first six months of 2022. Volvo-born electric car brand reports nearly doubling its revenue, mainly driven by sales of the Polestar 2, the company’s first purely electric vehicle. Other segments, however, required investment.
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The Chinese electric car manufacturer Xpeng has just presented its financial data for the second quarter of 2022. Compared to the same period last year, sales and revenue almost doubled while losses also increased.
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The latest Tesla earnings call reveals a tenfold increase in net income as Tesla made over one billion dollars after expenses. The company also continues to produce at capacity, amid persisting global challenges and record demand for electric cars.
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