: Polestar Automotive stock surges after EV maker reports record deliveries for the latest quarter

Shares of Polestar Automotive Holding UK PLC PSNY surged 5.2% toward a four-month high in premarket trading Thursday, after the Sweden-based luxury electric vehicle (EV) maker reported record second-quarter deliveries. The company said it delivered “approximately” 15,800 vehicles during the latest quarter, and “around” 27,900 EVs for the first six months of 2023, compared with “approximately” 21,200 deliveries in the first half of 2022. The company said it was on track to for deliveries in the 60,000 to 70,000 in 2023. The deliveries announcement comes a week after the company said it signed an agreement with Tesla Inc. TSLA that will give Polestar EV drivers access to Tesla’s Supercharger network. Polestar’s stock has run up 19.2% over the past three months through Wednesday, while the Global X Autonomous and Electric Vehicles exchange-traded fund DRIV has advanced 15.3% and the S&P 500 SPX has gained 8.3%.

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