Reported 2 days ago
Polestar’s CEO, Michael Lohscheller, believes that Elon Musk's involvement in politics is alienating Tesla customers, presenting a potential opportunity for Polestar. He noted that many people express negative feelings towards Musk’s political endorsements, particularly his support for right-wing parties in Germany. Lohscheller aims to capture disgruntled Tesla owners and improve Polestar's sales, which have been disappointing in recent years. The company plans to increase its retail presence and introduce new vehicle models while managing its financial challenges amid significant cash burn.
Source: YAHOO