Polestar stock slides 7% as investors eye Jan. 9 sales update after Geely-backed funding moves
New York, Jan 3, 2026, 8:05 PM ET — Market closed Polestar Automotive Holding UK PLC (PSNY) shares fell 7.3% on Friday to $19.81, finishing the last U.S. session lower with markets now shut for the weekend. The drop matters because Polestar is heading into a key data point on demand after a turbulent December that included a 1-for-30 reverse split and fresh funding announcements. Polestar has said it expects to report fourth-quarter retail sales volumes on Jan. 9. Investors have been tracking how quickly the Sweden-based electric-vehicle maker can shore up its balance sheet, after leaning on its majority