Polestar falls on bigger Q3 loss, reverse stock split

Polestar Automotive Holding Uk

12/11/2025 12:39

** EV maker Polestar's PSNY.O shares fall 4.6% to $0.76 premarket

** Co plans to enact a reverse stock split to reduce the number of existing shares, increase its value, and retain its Nasdaq listing

** Co reports Q3 net loss of $365 mln, widening ~13% year-on-year

** PSNY hit by so-called residual value guarantees in North America

** Up to last close, stock had fallen 23.8% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))