Why Polestar Stock Jumped Today

Investors are cheering the electric vehicle maker's earnings report and its leadership change. Polestar Automotive (PSNY 12.15%) seems to be gaining momentum as electric vehicle (EV) deliveries accelerated in the second quarter, and management foresees even stronger sales as the year progresses. That momentum is lifting shares of the EV maker, which is majority-owned by Geely Holding and Volvo. As of 1 p.m. ET Friday, Polestar stock was up by 12.2%. That followed its 13% gain on Thursday as investors absorb ...