The Swedish electric car brand continues its fall despite successfully launching the Polestar 3 crossover and previewing an early version of a supercar named “6”.
The manufacturer’s stock has been flopping around U.S. $0.7–0.9 lately, prompting NASDAQ to issue a warning for the company. Polestar now has 180 days to rectify its situation and raise the stock value beyond $1 per share – or risk getting delisted.
Newly adopted import tariffs on China-made EVs may lead to the automaker dismissing up to 30% of its current workforce in China, analysts warn.