Polestar gets Nasdaq notice on potential delisting due to slumping stock

Core Points - Polestar has been notified by Nasdaq for failing to meet the exchange's listing rules regarding a minimum bid price of $1 [1] - The decline in Polestar's share price is attributed to increasing competition in the electric vehicle (EV) market [1] Company Summary - Polestar is facing pressure on its stock price, which has led to a notification from Nasdaq regarding compliance with listing rules [1] - The company's shares are experiencing a downturn due to intensified competition within the EV sector [1] Industry Summary - The electric vehicle industry is becoming increasingly competitive, impacting companies like Polestar [1] - The pressure from competition is reflected in the stock performance of EV firms, highlighting the challenges in maintaining market position [1]