Polestar stock plunges after BBVA’s 8.4% stake filing reveals Geely-linked exit option
Polestar shares dropped 6.9% to $19.81 after a filing showed BBVA holds 8.4% of a U.S.-listed share class with a three-year put option tied to Geely. The disclosure comes ahead of Polestar’s Jan. 9 retail sales update. Investors are watching for signs of EV demand as sector leaders report mixed results.