Polestar gets Nasdaq notice on potential delisting due to slumping stock
Update: 2025-10-31
Description
Polestar, the Swedish electric vehicle manufacturer, faces a critical challenge as its share price drops below one dollar, triggering a non-compliance notice from Nasdaq. With fierce competition from Tesla and BYD, Polestar has introduced discounts and leasing deals to boost sales, but investors remain cautious. The company now has 180 days to raise its share price above one dollar and maintain it for ten consecutive business days to avoid delisting. Polestar's struggle to stand out in the market and repeated compliance issues make its future a closely watched story for both car buyers and investors.
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