Why Polestar Stock Rocked the Market Today
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Electric vehicle (EV) stocks got quite a charge on Friday thanks to good news coming from one of their more prominent players. That player wasn't Polestar (NASDAQ: PSNY). Nevertheless, the somewhat under-the-radar EV maker benefited by association. Its shares closed the day nearly 11% higher in price, easily trouncing the 1.3% increase of the S&P 500 index.The manufacturer with the happy news was Polestar peer Rivian (NASDAQ: RIVN). On Friday, the pickup truck and SUV specialist released its production and delivery figures for both the fourth quarter of 2024 and the entirety of that year.Happily, the quarterly numbers were ahead of the consensus analyst estimates for both metrics. Perhaps more encouragingly for investors and electric vehicle advocates, Rivian added that a component shortage hampering the production of certain models had been surmounted.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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