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Polestar Faces Nasdaq Delisting Warning as Stock Slumps Below $1

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Swedish electric vehicle manufacturer Polestar has received a warning from Nasdaq after its shares fell below the exchange’s required minimum bid price of $1. The notice puts the EV maker at risk of delisting from the U.S. stock exchange unless it can lift its share price within the next six months.

Polestar’s U.S.-listed stock closed at 84 cents on Friday, marking a 20% decline in 2025 after losing more than half its value last year. The company now has until April 29, 2026, to regain compliance by maintaining a closing price of at least $1 for ten consecutive trading days, Nasdaq said. If it fails to meet the requirement, Polestar may be granted an additional 180-day extension.

The company attributed its struggles to mounting competition in the global EV market, where giants like Tesla and China’s BYD continue to dominate. Polestar has introduced discounts and leasing incentives in an effort to boost sales, particularly in Europe, where demand remains relatively strong.

This is the second time Polestar has faced non-compliance with Nasdaq’s listing standards, having previously received a warning last year for delays in filing its annual financial report with U.S. regulators.

Nissan and Monolith Expand AI Collaboration to Speed Up Car Development

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Nissan has expanded its partnership with UK software company Monolith to accelerate car development using artificial intelligence. The collaboration aims to reduce the need for physical testing by applying AI-driven data analysis, significantly shortening the time it takes for new models to reach the market.

The renewed partnership follows the successful use of Monolith’s AI to cut testing time for chassis bolt tightening on the new electric Nissan Leaf — a process that will now be applied to upcoming European models as well.

Emma Deutsch, Director of Customer-Oriented Engineering and Test Operations at Nissan Technical Centre Europe, noted that Chinese automakers can develop a new model in just 18 months, adding, “We’ve got to get vehicles to market quicker.” By applying Monolith’s AI to physical test data collected since the 1992 launch of the Nissan Micra, the company managed to shorten bolt-tightening tests from six months to five, with a goal to cut them further to three months.

Nissan is now working with Monolith on additional projects to reduce testing times for tyres and batteries. These AI applications could help Nissan reduce overall vehicle testing by 20%. Monolith’s recent acquisition by AI data centre operator Coreweave is expected to further enhance R&D efficiency in the automotive sector.

Tesla Profit Misses Expectations Despite Record Sales and Revenue

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Tesla posted record third-quarter revenue of $28.1 billion, surpassing analyst estimates of $26.37 billion, but profits fell short due to rising costs, tariffs, and shrinking regulatory credit income. Shares dropped 4% in extended trading as investors reacted to the weaker earnings and fading government incentives that have long supported electric vehicle demand.

Profit per share came in at 50 cents, below the expected 55 cents. The company cited over $400 million in tariff-related costs and a 50% increase in R&D spending, largely tied to AI and robotics projects. Regulatory credit sales fell to $417 million from $739 million a year earlier, signaling continued decline.

Tesla’s gross margin stood at 18%, slightly above estimates, while automotive margins excluding credits reached 15.4%. To sustain demand amid expiring U.S. tax credits, Tesla launched lower-cost “Standard” versions of its Model 3 and Model Y, though analysts warned the move could compress profits further.

Despite the short-term challenges, Tesla remains focused on expansion. CEO Elon Musk said production of the Cybercab robotaxi, Semi truck, and Megapack 3 battery is set for 2026. The company’s energy division grew 81% in storage deployments, and Musk confirmed plans for mass production of the humanoid robot Optimus by late 2026.