Polestar's Pivotal Year Amid Challenges

2023 stands as a pivotal year for Polestar, widely referred to as 'the European Tesla' Despite its creation in 2017 and being listed in 2022, the electric vehicle maker has managed to deliver about 55,000 cars this year However, the company faces significant challenges including receiving a deficiency notice from Nasdaq due to the delayed filing of its annual report, a requirement not met in accordance to the exchange's listing standards. Additionally, Polestar is currently assessing the repercussions of a potential 100% increase in EV tariffs presented by the Biden Administration, specifically analyzing its impact on the prices of their Polestar 2 model.