
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.