Polestar plans reverse stock split to keep Nasdaq listing as losses mount

Core Viewpoint - Polestar announced a reverse stock split to reduce the number of existing shares while increasing their value, aiming to retain investor confidence amidst ongoing losses in the electric vehicle market [1] Company Summary - The reverse stock split is part of Polestar's strategy to enhance its stock price and appeal to investors [1] - The company is currently facing challenges as a loss-making electric vehicle manufacturer [1] Industry Summary - The electric vehicle industry is experiencing significant pressures, with companies like Polestar striving to maintain investor interest despite financial losses [1]