Psny stock price forecast sector rotation into growth names makes

Sector rotation into growth names makes "PSNY stock price forecast" more attractive if interest rates pause, improving financing conditions for EV consumers. RIVN projected a production target of 57,000 vehicles for 2024, following its performance in the first quarter where it produced 13,980 vehicles and delivered 13,588. The company also reported a net loss of $5,432 million, an improvement from the previous year’s $6,752 million. Its gross profit also saw improvement, with a loss of $2,030 million in 2023 compared to a loss of $3,123 million in 2022. Polestar then hired Michael Lohscheller -- who previously led two other controversial EV makers, Nikola and VinFast Auto -- as its new CEO last October. That divisive appointment didn't drive away the bears. Retail investor interest in the "PSNY stock price forecast" has picked up, supported by social media chatter around Polestar's new model launches expected later in