Polestar Automotive Holding UK Plc (NASDAQ: PSNY) shares are trading lower by 5.45% to $5.03 going into Wednesday's close amid weakness in EV stocks following mixed fourth-quarter results from Rivian Automotive Inc (NASDAQ:
The United States Postal Service (USPS) is looking to improve its fleet of vehicles. A contract in 2022 was met with backlash as it focused less on electric vehicles than expected, something it is looking to improve going forward.
USPS recently awarded a number of postal truck contracts, some of which addressed this issue.
Electric vehicle stocks closed the final trading week of the year on a mixed note amid the volatility in the broader market. Tesla, Inc. (NASDAQ: TSLA) swung wildly before snapping three straight weeks of losses and closing just higher for the week.