Polestar gets Nasdaq notice on potential delisting due to slumping stock

Polestar has rolled out discounts and leasing incentives to boost EV sales, but faces larger rivals such as Tesla and BYD, with Wall Street cautious about its growth potential despite strong demand from its home market of Europe. Nasdaq's notice indicates the company has 180 days, or until April 29, 2026, to regain compliance by having the closing price of the U.S.-listed shares meet or exceed $1 per share for at least ten consecutive business days, Polestar said. If Polestar does not gain compliance by then, it may get an additional 180-day extension, the company said.