New York, Jan 3, 2026, 8:05 PM ET — Market closed
- Polestar Automotive Holding UK PLC shares closed down 7.3% on Friday at $19.81.
- The company is due to report fourth-quarter retail sales volumes on Jan. 9, a near-term demand check.
- Polestar’s recent funding steps — including a Geely-linked loan and a $300 million equity deal — remain in focus for investors watching its liquidity.
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 owner, China’s Geely, for liquidity while it seeks additional equity funding.
On Friday, the stock opened at $21.09 and traded as high as $23.281 before sliding to a low of $19.610. About 417,700 shares changed hands, according to Investing.com data.
Moves across EV peers were mixed in the same session. Tesla ended down 2.6% and Rivian fell 1.5%, while Lucid gained 5.3%, according to market data.
Polestar’s reverse split took effect on Dec. 9, when 30 existing American depositary shares — a U.S.-listed certificate representing a foreign company’s shares — were consolidated into one new ADS. A reverse split reduces the number of shares outstanding and mechanically lifts the per-share price without changing the underlying business value.
Nasdaq warned in October that Polestar risked delisting after the stock fell below the exchange’s $1 minimum bid price requirement, giving the company 180 days — until April 29, 2026 — to regain compliance, Polestar said at the time.
In a Dec. 19 filing, Polestar said it secured a $300 million equity investment from Banco Bilbao Vizcaya Argentaria and Natixis and agreed to convert about $300 million owed to Geely Sweden Holdings into equity. CEO Michael Lohscheller said: “These transactions significantly enhance our liquidity position and help strengthen our balance sheet.” SEC filing
The deal price was set at $19.34 per ADS, equal to the three-month volume-weighted average price — a benchmark that weights prices by trading volume — and the company said the transactions were expected to close by Dec. 23 because no regulatory approvals were required for the equity investment.
Days earlier, Polestar said it had entered a loan agreement worth up to $600 million with Geely Holding, with the shareholder loan classified as “subordinated” — meaning it does not count toward debt covenant limits. The final $300 million tranche would require the lender’s consent, Reuters reported. Reuters, Dec. 16
The company last reported a cash balance of $995 million as of Sept. 30 and posted a third-quarter net loss of $365 million, according to a Nov. 12 SEC filing. Polestar said “external headwinds continue to impact profitability.”
Polestar is also leaning on promotions to support U.S. demand. The company is advertising incentives on the 2026 Polestar 4 that include a $7,500 “Clean Vehicle Incentive” for leases and a $10,000 incentive toward cash purchases, valid through Jan. 6, its U.S. website showed. Polestar offers
Before the next session, traders will focus on Polestar’s Jan. 9 update on fourth-quarter retail sales volumes — sales to end customers — for clues on whether newer models can sustain growth without heavier discounting.
Macro data could also shift sentiment toward rate-sensitive growth stocks, including EV makers. U.S. labor-market releases due next week include the JOLTS job-openings report on Jan. 7 and the December jobs report on Jan. 9, the Bureau of Labor Statistics schedule shows.
For Polestar, chart-watchers are eyeing the $20 mark after Friday’s low near $19.61, with $23.28 the next upside reference from the latest session. Beyond next week’s sales print, investors will stay alert for any new disclosures on funding, covenant headroom and the timing of the Geely-linked debt-to-equity conversion.
