Polestar Automotive Holding UK PLC (Nasdaq: PSNY) has announced its global deliveries for the second quarter of 2023, with a remarkable 73% year-on-year increase in deliveries in June. The company achieved its best-ever second quarter, delivering approximately 15,800 vehicles, representing a growth of 36% compared to the previous year. With record-breaking global deliveries of around 27,900 for the first half of the year, Polestar is on track to meet its target of delivering 60,000-70,000 vehicles in 2023.

In pre-market, $PSNY is currently trading at $4.25, reflecting a notable increase of $0.21 (5.20%) following the announcement.

In other news, Aptiv PLC (NYSE: APTV), a global technology company focused on developing advanced mobility solutions for the automotive industry, was upgraded by BofA Securities, shifting its rating from Neutral to Buy, while the price target was raised from $130 to $140.

With $APTV closing at $103.47 on Wednesday, the upgraded price target suggests a potential upside of $36.53 or approximately 11.16%, according to the brokerage firm's view.

It is important for investors to consider these opinions from brokerage firms, investment firms, or analysts while evaluating investment decisions. While the price target provides a potential upside based on their assessments, it is crucial for investors to conduct their own research and consider other factors that may impact the company's performance.

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