Polestar Q1 net loss widens to $383 million amid negative margins

Polestar, the Swedish electric vehicle manufacturer, announced a net loss of $383 million for Q1 2026, an increase from the $274 million loss recorded during the equivalent quarter last year. The gross margin shifted to a negative 3.2%, down from a positive 10.3% in the previous year, even with a 7% rise in sales volumes. The company is currently grappling with challenges related to pricing and tariffs.