10 Firms Mirror Dow Jones Decline on Monday

4. Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Shares of Polestar Automotive declined by 6.56 percent on Monday to end at $1.14 each following news that the company recalled two vehicles produced for model year 2025 due to fluctuations in its 12-volt system that could affect the high-to-low-voltage converter module and lead to a loss of drive power.

According to a report, the company started investigating the recall condition last month after the supplier notified the company of the fluctuations.

According to Polestar, customers who are uncertain if their battery-electric vehicles have been hit by the recall are advised to run the 17-character VIN on Polestar’s consumer website.

All of the recalled vehicles were produced in China at the Luqiao CMA Super Factory in Zhejiang.