Polestar Automotive (PSNY) stock up 6.5% on EU potential trade deal with US

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) saw a 6.54% increase in stock price, closing at $1.14 per share following news of the EU’s potential acceptance of Trump’s trade deal with the US. The EU is seeking lower tariffs on key sectors like pharmaceuticals, alcohol, and commercial aircraft, impacting PSNY positively.

Investors reacted positively to the news, boosting Europe-based companies like Polestar Automotive as the EU rushes to strike a trade deal with the US by the July 9 deadline. Polestar Automotive, a Sweden-based electric vehicle maker, is owned by Volvo Cars and Geely. While PSNY shows promise, some AI stocks may offer higher returns with less downside risk.

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is a key player in the electric vehicle industry, with potential for growth. Investors are advised to explore AI stocks for even greater returns. This news highlights the evolving landscape of global trade and its impact on various industries.

Read more at Yahoo Finance: Polestar Automotive (PSNY) Jumps 6.5% on Improving Global Trade