Polestar stock plunges after BBVA’s 8.4% stake filing reveals Geely-linked exit option
NEW YORK, January 2, 2026, 17:35 ET Shares of Polestar Automotive Holding UK PLC fell 6.9% to $19.81 on Friday and swung between $23.29 and $19.67, after a regulatory disclosure highlighted a large new stake tied to a Geely-linked exit option. The disclosure matters because Polestar is leaning on fresh funding to shore up its balance sheet, and the terms attached to that capital can influence how investors value the stock. It also lands days before new operating data. Polestar has said it will publish fourth-quarter retail sales volumes next week, a near-term read on demand as the EV market