Swedish performance EV maker Polestar (PSNY) reported its Q2 2023 earnings on Thursday, showing widening losses as production scales. Polestar is entering an “exciting” growth phase with two highly anticipated EVs scheduled for production.
Polestar hits record deliveries, but losses widen in Q2
Polestar delivered 15,765 EVs in the second quarter of the year, up 36% YOY. The EV maker has delivered a record 27,841 vehicles through the first half of the year as it ramps manufacturing capabilities.
After lowering its annual production guidance from 80K to between 60K and 70K in Q1, Polestar is sticking to its forecast for the year.
The EV maker posted revenue of $685 million, up from $589 million last year. Through the first six months of the year, revenue reached $1.2 billion, driven mainly by higher Polestar 2 sales.
Meanwhile, higher contract manufacturing costs and supplier chargers for semiconductors and batteries drove Polestar’s cost of sales 30% higher than last year, reaching $686 million, for a gross loss of (-$1 million).
As a result, Polestar’s net loss grew to $304 million, up from a loss of $228 million last year and $9 million in Q1.
Polestar Q2 2023 earnings (Source: Polestar)
The EV maker ended the quarter with $1.06 billion in cash and equivalents, up from $974 million last year and $884 million in Q1.
Thomas Ingenlath, Polestar’s CEO, commented on the growth, saying, “We achieved record volume growth during the second quarter. Deliveries of our significantly upgraded Polestar 2 are now ramping up.”
2024 Polestar 2 (Source: Polestar)
New EVs coming
The company launched the 2024 Polestar 2 in June, with upgrades including more range, RWD options, enhanced electric motors, and Polestar SmartZone.
Polestar is entering an “exciting” growth phase with two new EV models scheduled for production. Ingenlath said:
With Polestar 4 expected to start production in November and Polestar 3 in the first quarter of next year, we are entering an exciting phase of higher volumes and value from our expanded model range.
The Polestar 3 was initially slated to enter production this quarter but was pushed back until Q1 2024.
Polestar 3 electric SUV (Source: Polestar)
Polestar said the delay was due to more time needed “for final software development of the new all-electric platform shared by Volvo Cars.”
The Polestar 3 is the company’s first electric SUV. It will launch in two versions – a long-range dual motor and a performance pack model. Both will have 111 kWh battery capacity.
Polestar’s standard version will feature an expected up to 300 miles range, starting at $82,900. Meanwhile, with 517 hp and 671 lb-ft of torque, the performance model will start at $89,900 with an expected 270-mile range.
The Polestar 4 is an SUV coupe that combines “The aerodynamics of a coupe. The space of an SUV” with “The technology for the electric age.”
Polestar unveiled its SUV coupe at the Shanghai Auto Show in April. The model is scheduled to start production in November with a starting price of around $60,000. Deliveries in China are expected by the end of the year, with overseas markets planned for 2024.
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EcoFlow launches new TRAIL 60,000mAh and 90,000mAh power stations with bundles, free gear, and extra savings from $113
EcoFlow is launching its newest and most compact series of power stations with some significant savings, starting with the TRAIL 200 DC 60,000mAh Portable Power Station at $113.05 shipped, after using the code 25EFTRAFF at checkout for an additional 5% off, while the TRAIL 300 DC 90,000mAh Portable Power Station is at $151.05 shipped, after using the same promo code – and both are also getting a free RAPID 30W GaN Charger ($26 value) along with the purchase. These two new personal backup power solutions will go for $200 and $250 at full price, getting cut down to $119 and $159 in initial discounts, but you’ll also be shedding an extra $6 and $8 thanks to the bonus savings code – for combined $113 and $125 markdowns (including the free chargers) that set the bar for future discounts. Head below to learn more and browse all the bundle offers.
These new EcoFlow TRAIL 200 DC and 300 DC power stations are the brand’s most compact backup power solutions to date, rivaling Anker’s PowerCore Reserve/C200 DC/C300 DC stations in their portability and performance. The 200 DC model weighs in at four pounds and sports a 60,000mAh LiFePO4 battery, while the 300 DC is under six pounds, sitting higher at a 90,000mAh LiFePO4 capacity. You’ll get up to 220W and 300W output power with these units, with the 200 DC providing two 12W USB-A ports, a 140W USB-C port, and a 100W USB-C port, while the 300 DC has the same USB-A ports but two 140W USB-C ports and a 120W car outlet.
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The EcoFlow TRAIL DC power stations come with loads of protection measures against overvoltage, overloading, short circuiting, various temperature spikes or drops, overcurrent, and more. There are also built-in woven handles that make carrying them all the easier, though with their small designs, they can also easily stow away inside your bag. You can charge both via a standard wall outlet at up to 200W or 280W speeds, with the 300 DC bringing a 110W max solar input into the mix for solar charging.
***Note: The extra savings has not been factored into any of the prices below, so be sure to use the code 25EFTRAFF at checkout for an additional 5% off your order. All the following offers also come with a free RAPID 30W GaN Charger too!
EcoFlow TRAIL power station launch offers:
Score up to $3,150 in exclusive savings on Bluetti’s new Apex 300 versatile power station and bundles starting from $1,439
Bluetti is officially launching its new Apex 300 Versatile Power Station along with several bundle options at up to $2,600 off in initial early-bird discounts alongside an exclusive 10% bonus savings for our readers. Things start with the lone Apex 300 Power Station at $1,439.10 shipped, after using the exclusive code 9TO5TOYS10F at checkout for an additional 10% off your order. This new backup power unit will normally fetch $2,399 at full price once the early-bird savings ends, but you can take advantage of these first-time savings now to score a $960 markdown that sets the bar for future discounts in the future. Head below to get the rundown on this station’s capabilities and check out the many bundle offers also available.
If you want to learn more about this all-new power station’s monstrous capabilities and the many bundle offers we’re seeing during this launch, be sure to check out our original coverage of these exclusive deals here.
Head back to school on Lectric’s XP Lite 2.0 folding e-bikes with $365 in free gear from $999, more bundles up to $654 off
Lectric has launched its Back to School Sale that is offering up to $654 in free gear accompanying e-bike purchases, with a bunch of models seeing increased bundle sizes this time around – plus some select accessory savings too. One such model is the XP Lite 2.0 Long-Range e-bikes that are all coming with $365 in free gear at $999 shipped, while the XP Lite 2.0 JW Long-Range e-bike gets the same bundle at $1,099 shipped. You’d normally have to pay $1,364 and $1,464, respectively for these same packages at full price, but as you’re likely aware by now, the savings come in the form of the bundled gear rather than actual price cuts on the bikes themselves. We’ve been seeing these models getting much smaller bundles between $100 and $200 over the last few months, but now they’re increasing in size just in time for students prepping for their upcoming class commutes. Head below for more on these and the other deals during this sale.
Get 2,700 PSI power through this Greenworks Pro-grade electric pressure washer + foam cannon at $360
Amazon is bringing back the best pricing of 2025 on the Greenworks Pro 2,700 PSI Electric Pressure Washer with Foam Cannon at $359.99 shipped. This particular model with the added foam cannon bundle isn’t available directly from the brand’s website, with it normally fetching $450 at full price. In 2025 we’ve seen three previous discounts to this same repeating rate, with today’s deal following suit for a fourth-time opportunity, giving you a 20% markdown for $90 in savings at the second-best price we have tracked – $45 above the all-time low last spotted during Black Friday and Cyber Monday sales.
Worx’s 6.2-pound 20V PowerShare 10-inch cordless chainsaw returns to annual $100 low, more from $158
Amazon is returning the best 2025 pricing on the Worx 20V PowerShare 10-inch Cordless Chainsaw for $99.99 shipped. It’s coming down off its usual $120 price tag, and is currently going for as much directly from the brand’s website. It was priced down to $104 during Prime Day, with that rate beaten out here today as the best price we have tracked in 2025 – landing it just $11 above the all-time low that we haven’t seen in quite some time. Head below to learn more about this model and its pole saw bundle counterpart option.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
Trump’s Bureau of Ocean Energy Management (BOEM) is rescinding every single Wind Energy Area (WEA) in US federal waters, wiping out over 3.5 million acres of zones once earmarked for offshore wind development.
This masochistic move is part of Trump’s January 2025 executive order halting all offshore wind leasing and ordering a review of wind permitting. It follows a new directive from his Interior Department — “Ending Preferential Treatment for Unreliable, Foreign-Controlled Energy Sources.”
This is pure propaganda politics, not energy policy.
Trump has spent years spreading lies about offshore wind farms, from calling them “bird graveyards” to wrongly blaming them for whale deaths. Now his administration is taking a wrecking ball to one of the country’s most promising clean energy industries – just as the aging US grid faces unprecedented strain from climate change, EV adoption, and the explosion of data centers that demand massive electricity.
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Offshore wind is not unreliable. It’s already producing clean power for homes and businesses all over the world, including the US. In fact, many of the world’s most successful offshore wind developers — including European firms — have decades of experience building turbines in deep waters and tough weather. These companies work hand-in-hand with US firms, bringing expertise and creating good-paying American jobs, from manufacturing to port construction to long-term operations and maintenance.
The government’s rollback affects critical areas for future wind projects in the Gulf of Maine, New York Bight, Central Atlantic, Gulf of Mexico, California, and Oregon. By removing these designated offshore zones, Trump’s BOEM is essentially canceling the roadmap for the US’s offshore wind future – one that would have powered millions of homes, stabilized energy costs, and brought climate benefits when we need them most.
Jason Walsh, executive director of the BlueGreen Alliance, released a statement in response to this destructive decision:
Donald Trump should support the country’s progress and do everything he can to foster more resources for the people. Instead, he is trying to wipe an entire sector of the energy industry off the board at a time when our electric grid is overburdened and electric bills are rising. Attacking offshore wind will put America behind its foreign competitors, kill jobs, and weaken our energy sector.
This isn’t just an energy issue – it’s a jobs issue, a climate issue, and a national competitiveness issue. At a time when we need more power on the grid, more affordable energy, and more tools to fight climate change, the Trump administration is deliberately dismantling a homegrown solution. We will all pay for it with our wallets, and our kids will pay with their futures. Europe and China’s offshore wind industries are leaving the US in the dust.
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The Honda Prologue remained one of the top-selling EVs in the US after sales surged 83% in July. Honda’s electric SUV outsold the Ford Mustang Mach-E and Hyundai IONIQ 5 last month.
Honda Prologue EV sales charge up in July
Honda set several US sales records last month for light trucks (86,700) and electrified vehicles (38,715), including EVs and hybrids.
One of the biggest success stories has been the electric Prologue SUV. Honda sold another 6,318 Prologue models last month, up 83% from July 2024.
Although it may seem like nothing compared to the over 32,000 CR-Vs Honda sold last month, the Prologue outsold some of the most popular EVs in the US. It also just began delivering models last March.
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Earlier today, Ford reported Mustang Mach-E sales of 5,308 last month, also a new July sales record. Hyundai’s IONIQ 5 set a new all-time monthly sales record, with 5,818 units sold. Despite the record performances, the Honda Prologue outsold both of them.
Through the first seven months of 2025, the Mach-E is still ahead. Honda sold 22,635 Prologue models through July. In comparison, Ford has sold 27,093 Mustang Mach-Es. Hyundai IONIQ 5 sales total 24,910 year-to-date.
Electric Vehicle
July 2025 Sales
% Change (vs July 2024)
Year-to-Date 2025 Sales (January to July 2025)
% Change (January to July 2025)
Honda Prologue
6,318
+83%
22,635
+356%
Ford Mustang Mach-E
5,308
+15.6%
27,093
+1%
Hyundai IONIQ 5
5,818
+70%
24,910
+12%
Honda Prologue vs Ford Mustang Mach-E vs Hyundai IONIQ 5 EV sales in the US through July 2025
Even Acura’s electric SUV, the ZDX, is selling surprisingly well. Although sales were down last month, with only 665 models sold, Acura has sold 11,000 models year-to-date. Through the first half of the year, it outsold the Cadillac Lyriq, which is based on the same GM Ultium Platform.
All of them, like many EVs, are currently heavily discounted, with the $7,500 federal tax credit set to expire at the end of September.
2025 Honda Prologue at a Tesla Supercharger (Source: Honda)
Honda also announced last week that Prologue and Acura ZDX drivers now have access to over 23,500 Tesla Superchargers. Drivers can buy the new NACS to CSS DC fast charger through the Honda DreamShop for $225.
Looking to score the savings while they are still available? You can use our links below to find deals on the popular electric vehicles in your area.
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