Polestar’s Stock Has Collapsed — Now They’re Doing THIS to Survive
Facing Nasdaq delisting after its stock plummeted below $1, Polestar is executing a survival strategy under new CEO Michael Lohscheller that includes a reverse stock split, a 20% workforce reduction, and a critical pivot from direct sales to a traditional dealership model. This aggressive restructuring aims to stem billion-dollar losses while the company expands manufacturing into Europe and launches the Polestar 7 to reduce reliance on the volatile US market.
Credit to : The Electric Viking