PSNY falls after Polestar cuts 2026 volume outlook; won’t appeal U.S. ban
Polestar cut its 2026 volume outlook and said it will not appeal a U.S. ban on new-model sales starting in 2027. PSNY shares were down 29% on the day, set for a worst day if losses hold.
Shares of Polestar (PSNY) sold off hard on Thursday after the Geely-backed electric-car maker cut its 2026 volume outlook and said it would not fight a U.S. ban on new-model sales starting in 2027.At the time of writing, PSNY shares traded 29% lower, on track for its worst day ever, if losses hold…