Polestar (NASDAQ:PSNY) U.S. ban turns attention to Europe, cash, and 790 vehicles
Polestar (NASDAQ:PSNY) shares slid 5.7% after the U.S. denied authorization to sell 2027 models under new connected-vehicle rules, blocking future U.S. sales and raising funding risks as Q1 net loss widened to $383 million, cash fell to $676 million, and Europe now accounts for nearly 80% of retail sales.