Why Polestar Stock Is Plummeting Today

Chris Neiger, The Motley Fool

November 28, 2022 at 2:17 p.m.·1 min read

Shares of the Swedish electric vehicle (EV) maker Polestar Automotive Holding (NASDAQ: PSNY) were tumbling today after COVID-related protests arose in China over the weekend. The company manufactures its Polestar 2 vehicles in Luqiao, China, and investors are concerned that the automaker's production will slow down as a result of the unrest. China has maintained a very strict zero-COVID policy to fight outbreaks of the coronavirus, but citizens started new protests over the weekend to fight the restrictions.

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