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Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on...
Polestar did not provide a date for the release but said it still intends to publish first-quarter financial results on May 23. The delay is partly because the company needs more time to finalize its financial statements over accounting misstatements in 2021 and 2022 that will be rectified in the 2023 report. Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners. The...
(Reuters) -U.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. Apple added 2% after a report that the iPhone maker had renewed discussions with OpenAI about using the startup's generative artificial intelligence (AI) technology. Focus will now shift to the Fed's interest rate decision due on Wednesday, ahead of a key jobs report on Friday that could set the tone for market direction in the near-term.
Wall Street's main indexes opened higher on Monday as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in... -April 29, 2024 at 09:33 am EDT - MarketScreener