Polestar needs to poach a few of Tesla’s clients with a brand new trade-in promotion for leases on its newest electrical automobile (EV) and first SUV.
On its web site final week, the automaker mentioned patrons can save as much as $20,000 when buying and selling in a Tesla automobile and leasing a Polestar 3 SUV.
The promotion combines the $5,000 Polestar Conquest Bonus, which is offered for eligible clients who presently personal or lease a Tesla automobile, and the $15,000 Polestar Clear Automobile Incentive, as detailed by the corporate. Polestar additionally says that the bonus expires on February 28, and events ought to contact their native retailer for extra particulars.
🚨 Polestar comes for Tesla house owners particularly with new incentive:
“Calling all Tesla house owners. Get pleasure from as much as $20,000 in the direction of the lease of a brand new Polestar 3 once you mix the $5,000 Polestar Conquest Bonus and the $15,000 Polestar Clear Automobile Incentive.” pic.twitter.com/MnGIcWfakO
— TESLARATI (@Teslarati) February 24, 2025
READ MORE ON POLESTAR: Polestar tries to poach Tesla patrons after Musk’s ‘unacceptable’ and ‘conceited’ habits
The Polestar 3 is rated for 350 miles of vary, 517hp, and a 4.5-second 0 to 60 mph acceleration. The corporate started producing the automobile in China final 12 months, and it’s constructing the Polestar 3 at a manufacturing unit in South Carolina that can assist the automaker dodge lately enacted import tariffs.
Tesla additionally granted Supercharger entry to Polestar’s automobiles in October, considerably increasing the variety of accessible charging stalls for house owners of the corporate’s automobiles.
Final month, Polestar CEO Michael Lohscheller spoke out towards Elon Musk’s latest involvement in politics in an interview with Bloomberg, saying that the Tesla CEO’s actions had been “pure conceitedness” and “completely unacceptable.”
All through the primary a part of 2024, Polestar father or mother firm Volvo proceeded to promote its remaining shares of the EV firm to its personal father or mother firm, Chinese language automaker Geely. In consequence, the EV maker confronted vital government shake-ups and restructuring, amidst issue in getting its automobiles delivered and producing constructive money move.
Nonetheless, the automaker has lofty plans for the approaching months, final 12 months saying that it will goal to launch EVs in seven new markets in 2025.
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