A Polestar logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado
(Reuters) -Polestar said on Friday it was notified by the Nasdaq for not meeting the exchange's listing rules related to maintaining a minimum bid price of $1, as the Swedish EV firm's shares fall pressured by intensifying competition.
Polestar has rolled out discounts and leasing incentives to boost EV sales, but faces larger rivals such as Tesla and BYD, with Wall Street cautious about its growth potential despite strong demand from its home market of Europe.
