PSNY

Shares of Polestar Automotive Holding (NASDAQ:PSNY) plunged to a record low three months after its debut on the NASDAQ stock exchange, underscoring the macroeconomic troubles currently weighing on the electric vehicle (EV) sector. Polestar dropped 5.17% to $5.69 at the market close on Monday. Moreover, the stock is down about 49% in the past three months (since its IPO in June this year), making it one of the stocks that are leading the losses in this sector. Rising interest rates and elevated input costs, along with supply shortages of parts and lithium are not boding well for the sector’s production and future earnings, impacting Polestar’s growth.
https://www.tipranks.com/news/polestar-nasdaqpsny-continues-downward-spiral-hits-new-low?utm_source=advfn.com&utm_medium=referral