Polestar A (PSNY) Plunges 2.27% as EV Sector Skepticism Mounts Over Demand, Competition

Polestar A (PSNY) fell 2.27% on Thursday, marking its lowest intraday level since April 2025 amid a 4.12% drop during trading hours. The decline continued to reflect broader market skepticism toward electric vehicle manufacturers amid shifting consumer demand and intensifying competition in the EV sector.

Analysts noted that Polestar’s recent performance aligns with industry-wide challenges, including high production costs and delayed delivery timelines for its new models. While the company has emphasized its commitment to sustainability and premium electric vehicles, persistent concerns over profitability and scalability remain key headwinds for investor sentiment.

Despite strategic partnerships and product innovations, Polestar’s stock has struggled to gain momentum compared to peers. Market participants highlighted that macroeconomic pressures, such as rising interest rates and supply chain disruptions, further weigh on long-term growth projections for the brand.

Investors are now closely monitoring the company’s upcoming financial report and operational updates to gauge its ability to navigate current challenges. Until then, the stock is likely to remain volatile amid mixed signals from the broader automotive and technology sectors.