Polestar Automotive Holding UK PLC (Nasdaq: PSNY) is back in the spotlight on December 15, 2025, and not because the EV market suddenly got calm. The Swedish electric performance brand has been navigating a rough stretch defined by Nasdaq listing pressure, cash-burn concerns across the EV sector, and now a major new wildcard: Europe’s potential rethink of its 2035 combustion-engine phaseout.
As of Dec. 15, 2025, PSNY is quoted around $14.33, with recent trading ranges cited between $12.08 and $14.87 and a 52-week range of $11.75 to $42.60, depending on the data feed and timestamp. [1]
That headline price is also inseparable from a key corporate action: Polestar’s 1-for-30 ADS ratio change (functionally similar to a reverse split for U.S.-listed ADS holders), which took effect at the open on December 9, 2025. [2]
Below is what’s driving Polestar stock today, what the newest forecasts actually say, and why the numbers can look confusing right after a share consolidation.
Polestar stock price today: where PSNY stands on Dec. 15, 2025
Market data pages tracking Polestar’s Class A ADS show PSNY around $14.33, with market cap near $1.10 billion and shares outstanding around 76.99 million (on the post-consolidation ADS basis shown by some providers). [3]
Two important context notes for readers following the stock this week:
- The “new” $14 handle is not a sudden fundamental rerating by itself. A 1-for-30 consolidation mechanically multiplies the per-share price (while reducing the share count) if the company’s overall equity value stays the same.
- Different websites may update split-adjusted metrics at different speeds, which can temporarily create mismatches in price targets, market cap, historical charts, or “1-year performance” figures.
Polestar’s own announcement described the change plainly: the ADS ratio shifted from 1 ADS = 1 ordinary share to 1 ADS = 30 ordinary shares, effective Dec. 9, 2025, and the trading-price impact was expected at the open that day. [4]
The big moving pieces on Dec. 15: reverse split psychology meets EU policy uncertainty
1) EU may soften the 2035 combustion ban — and Polestar is publicly pushing back
A major macro headline hit the European auto narrative today. Reuters reported that the European Commission is expected to announce changes that could push back or soften the EU’s effective 2035 ban on sales of new combustion-engine cars—described as the EU’s “most significant climb-down” on green policies in years, according to the report. [5]
Polestar CEO Michael Lohscheller is directly in that debate. In the Reuters report, he argued the EV transition is ready now—“The technology is ready, charging infrastructure is ready, and consumers are ready,” he said. [6]
Why this matters for PSNY investors:
- Polestar is a pure-play EV brand. A slower regulatory push toward full electrification could reduce near-term urgency for fleet buyers and consumers—particularly in Europe, where Polestar has been leaning harder as other regions soften. [7]
- On the other hand, if the EU pivots to a “multi-technology” approach (hybrids, e-fuels, etc.), it may change competitive dynamics in ways that are hard to handicap quickly—especially against lower-cost Chinese rivals and U.S. incumbents that already have broad product portfolios. [8]
2) Reverse splits don’t change value — but they often change sentiment (and trading behavior)
Polestar’s share consolidation was designed to address a very practical risk: Nasdaq’s $1 minimum bid requirement and the associated delisting process.
- Reuters previously reported Polestar received a Nasdaq notice tied to the minimum bid rule and had until April 29, 2026 to regain compliance (with potential for an additional extension under certain conditions). [9]
- A separate Investing.com report on that notice echoed the April 29, 2026 compliance date and reiterated that the securities would continue to trade while the company worked to regain compliance. [10]
Polestar’s ADS ratio change (effective Dec. 9) was the “mechanical fix” aimed at lifting the share price well above $1. [11]
But the market’s psychological response can be brutal. A Swedish business report summarized by Omni noted that investors often interpret a reverse split as a negative signal, and quoted Avanza’s savings economist suggesting the corporate action itself can undermine confidence even without new fundamental information. [12]
What exactly changed on Dec. 9: the Polestar ADS ratio change explained
Polestar’s Dec. 4 announcement (carried via Business Wire and published on Nasdaq’s press release feed) laid out the mechanics:
- Effective date: Dec. 9, 2025
- Ratio change: from 1 ADS : 1 ordinary share to 1 ADS : 30 ordinary shares
- Tickers unchanged: Class A ADS remains PSNY; Class C-1 ADS remains PSNYW
- No fractional ADS issuance: fractional entitlements were aggregated and sold, with net cash proceeds distributed to eligible holders
- Depositary bank:Citibank, N.A. administers the ADS program and exchange process [13]
Nasdaq Trader’s corporate actions alert also described the move as a one-for-thirty reverse split and ratio change effective Tuesday, December 9, 2025, and noted accompanying CUSIP changes. [14]
For investors, the key takeaway is simple: your percentage ownership doesn’t change due to the split itself (except cash paid in lieu of fractional entitlements), but the stock can behave differently afterward because the shareholder base, liquidity, and “penny stock” stigma dynamics shift.
The fundamentals still dominate the long game: losses, tariffs, and the Europe-first pivot
The reverse split story is attention-grabbing, but Polestar’s longer-term stock path is still tethered to operating performance and financing.
Losses and pressure on margins
In November, Reuters reported Polestar’s Q3 net loss widened to $365 million from $323 million a year earlier, even as revenue rose 36%. Reuters also described margin pressure driven by tariffs, pricing, and costs tied to residual value guarantees in North America. [15]
The same report noted Polestar is majority-owned by China’s Geely Holding and highlighted steps such as workforce reductions and strategic shifts aimed at improving efficiency and focusing more on Europe. [16]
Europe is doing the heavy lifting — and policy in Europe just got noisier
Polestar has repeatedly leaned into Europe as its strongest market. Reuters reported in July that Europe accounts for about 76% of Polestar’s total sales and that the company sold 18,049 vehicles in Q2, up 38% year-over-year, helped by offers and discounts. [17]
At the same time, Reuters reported U.S. vehicle sales fell 56% in the second quarter, underscoring why Polestar has emphasized Europe even more. [18]
This is why today’s EU policy headline matters unusually much for PSNY: if Europe’s electrification timetable gets blurred, a Europe-heavy EV specialist may face a more uncertain demand curve than diversified automakers.
Tariffs and manufacturing localization: a core strategic risk (and a partial hedge)
Reuters also reported that tariffs have affected Polestar more than many European automakers because most of its cars are produced in China, via Volvo Cars or Geely. Polestar’s response: localize manufacturing where possible, including making the Polestar 7 at a Volvo Cars factory in Slovakia to reduce tariff exposure. [19]
Polestar’s own Dec. 4 communication added that it is diversifying its manufacturing footprint and plans Polestar 7 production in Europe, with the model targeted for introduction in 2028. [20]
Forecasts and analyst views on Dec. 15, 2025: what they say — and why they’re messy right now
Forecasting PSNY in mid-December comes with a special hazard: post-split data normalization. After a 1-for-30 consolidation, any pre-split price target (say $1) would be roughly $30 on a split-adjusted basis, assuming the analyst hasn’t changed their view of the underlying business.
That creates a period where different platforms can display very different-looking targets that may actually be describing similar expectations—just in different “share math.”
MarketBeat: consensus rating “Sell” (updated Dec. 15)
MarketBeat’s PSNY forecast page—explicitly marked as last updated 12/15/2025—shows a consensus rating of “Sell”, based on three analyst ratings (two sells, one hold) and lists its consensus price target as “N/A” on that page. [21]
Investing.com: “Neutral” sentiment and a $30 price target
Investing.com’s PSNY listing shows an average 12-month price target around $30.00 and characterizes the overall rating as Neutral, with the site’s breakdown indicating no analysts recommending “buy” in that snapshot. [22]
StockInvest: an algorithmic “fair opening price” estimate for Dec. 15
For readers who track model-driven forecasts, StockInvest displayed a predicted fair opening price for Dec. 15, 2025 of $13.76. Model-based signals like this can be useful as a sentiment lens, but they are not the same thing as a fundamental valuation or a sell-side target. [23]
Recent “analysis takes” framing the split as a warning sign
A widely syndicated Motley Fool commentary (published on Nasdaq’s platform on Dec. 12, 2025) argued that Polestar’s reverse split highlighted ongoing concerns: profitability, cash burn, and balance sheet strain—suggesting that the corporate action can draw sharper scrutiny to fundamentals rather than erase them. [24]
What investors are watching next
A) The EU’s next move (Dec. 16) and what it signals for EV timelines
Reuters reported the European Commission was expected to make its announcement Tuesday following today’s reporting—meaning Dec. 16, 2025—and that changes could include a pushback or indefinite softening of the effective 2035 ban. [25]
Any policy “deceleration” could influence sentiment across European EV names, and Polestar is unusually exposed because it is positioning itself as a pure EV brand.
B) The next earnings date on major market calendars
Investing.com’s PSNY page lists the next earnings date as Feb. 25, 2026. [26]
(As always, dates can shift, but this is the current schedule shown on that feed.)
C) Nasdaq compliance and the “after the reverse split” trading regime
Even when a reverse split/ADS ratio change succeeds in lifting the share price, investors typically watch:
- whether volume and liquidity stabilize,
- whether the shareholder base changes (more institutions vs. retail churn),
- and whether the company can pair the structural change with credible progress on cash burn and funding.
The Nasdaq notice timeline reported earlier this quarter still frames the broader compliance narrative, even if the split has likely improved the mechanical “bid price” dimension. [27]
Bottom line on Polestar stock on Dec. 15, 2025
Polestar Automotive Holding UK PLC stock is trading at a post-consolidation price that looks dramatically higher than earlier in 2025—but the core PSNY debate hasn’t changed shape so much as it has sharpened:
- The ADS ratio change (1:30) fixed a near-term listing optics problem. [28]
- The market is still weighing Polestar against hard realities: losses, funding needs, tariff exposure, and intense competition, especially as the EV adoption curve gets politicized again in Europe. [29]
- Forecasts are directionally cautious across mainstream aggregator snapshots, but investors should double-check whether each target is split-adjusted—because in the immediate aftermath of a 1-for-30 consolidation, “$2 targets” and “$30 targets” can sometimes be the same view expressed in different units.
References
1. www.investing.com, 2. www.nasdaq.com, 3. www.investing.com, 4. www.nasdaq.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.investing.com, 11. www.nasdaq.com, 12. omni.se, 13. www.nasdaq.com, 14. www.nasdaqtrader.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.reuters.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.nasdaq.com, 21. www.marketbeat.com, 22. www.investing.com, 23. stockinvest.us, 24. www.nasdaq.com, 25. www.reuters.com, 26. www.investing.com, 27. www.reuters.com, 28. www.nasdaq.com, 29. www.reuters.com
