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Why Polestar Automotive Stock Crashed This Week
PSNYPolestar(PSNY) fool.com·2024-05-24 20:52

Polestar shocked investors again, and its stock is now down 94% from its high. Polestar Automotive (PSNY -7.15%) stock got crushed over the last week of trading. The company's share price ended this week's session down 37.1% from last Friday's market close, according to data from S&P Global Market Intelligence. Polestar confirmed on May 23 that it was postponing the release of its first-quarter earnings report due to ongoing accounting issues. Notably, the electric vehicle (EV) specialist still has not rele ...