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Wajeeh Khan

As Polestar Launches Fleet Telematics, Should You Buy Highly Shorted PSNY Stock?

Polestar (PSNY) shares are extending declines on Friday morning even after the electric vehicle specialist announced the launch of a new service it’s calling “Fleet Telematics.” Shares popped more than 7% in intraday trading on Thursday, Oct. 16, before closing up a modest 0.4%. Polestar warrants (PSNYW) closed up a 54.4% in a volatile day of trading. 

According to PSNY’s press release, Fleet Telematics is a connected service offering real-time EV fleet data, predictive insights, and seamless integration without extra hardware. 

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