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HomeBusinessPolestar Stock Jumps 4 percent on Record Q2 Delivery Figures

Polestar Stock Jumps 4 percent on Record Q2 Delivery Figures

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Polestar (NASDAQ:PSNY) shares gained more than 4% intra-day today after the company reported record-breaking global production and delivery numbers for Q2/23. The company delivered approximately 15,800 vehicles, which represents a 36% growth compared to the same period in the previous year. For the first half of the year, global deliveries reached around 27,900 vehicles, setting a new record. Polestar aims to deliver 60,000 to 70,000 vehicles in 2023.
CEO Thomas Ingenlath expects the positive trend to continue in the second half of the year, especially with the launch of the upgraded Polestar 2 offering an extended range. Unaudited financial and operational results for Q2/23 will be released on August 31.

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