08:21 AM EDT, 08/29/2024 (MT Newswires) -- Polestar (PSNY) reported a Q2 operating loss Thursday of $242.3 million, narrowing from an operating loss of $273.6 million a year earlier.

Revenue for the quarter ended June 30 was $574.9 million, down from $693.3 million a year earlier.

Analysts surveyed by Capital IQ expected $642.8 million.

The company reported cash and cash equivalents of $669 million as of June 30.

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