Since its listing on the New York Stock Exchange, the performance of the Swedish premium carmaker has been disastrous, with the stock price falling by 95% to just $0.73 per share.
In earlier news, the management of NASDAQ threatened to delist Polestar altogether due to the company being late with the posting of its annual fiscal report. It is now becoming progressively clear why Polestar is so reluctant to show its operational results for the past year: its market capitalization has dwindled from $21 billion in 2022 to just $1.65 billion today.