Swedish EV maker Polestar said it has received a notification from Nasdaq for failing to maintain the minimum $1 share price required for continued listing. The company’s U.S.-listed stock closed at just 84 cents on Friday, prompting the exchange to issue a delisting notice amid growing pressure from fierce competition in the electric vehicle market.
According to Nasdaq’s rules, Polestar has 180 days — until April 29, 2026 — to bring its share price back into compliance by keeping it above $1 for at least ten consecutive trading days. The company may qualify for a further 180-day extension if it meets other criteria.
Polestar has rolled out new discounts and leasing offers to stimulate sales but continues to face intense rivalry from EV giants Tesla and BYD. Despite steady demand in Europe, Wall Street analysts remain cautious about the company’s growth trajectory.
This marks Polestar’s second compliance issue with Nasdaq in two years, following a previous delisting warning over delayed regulatory filings. The latest notice adds pressure on the automaker as it navigates a highly competitive and price-sensitive EV landscape.
