Polestar needs to poach a few of Tesla’s prospects with a brand new trade-in promotion for leases on its newest electrical car (EV) and first SUV.
On its web site final week, the automaker stated consumers can save as much as $20,000 when buying and selling in a Tesla car and leasing a Polestar 3 SUV.
The promotion combines the $5,000 Polestar Conquest Bonus, which is offered for eligible prospects who at the moment personal or lease a Tesla car, and the $15,000 Polestar Clear Car 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 homeowners particularly with new incentive:
“Calling all Tesla homeowners. Take pleasure in 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 Car Incentive.” pic.twitter.com/MnGIcWfakO
— TESLARATI (@Teslarati) February 24, 2025
READ MORE ON POLESTAR: Polestar tries to poach Tesla consumers after Musk’s ‘unacceptable’ and ‘boastful’ 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 car in China final yr, 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 autos in October, considerably increasing the variety of accessible charging stalls for homeowners of the corporate’s autos.
Final month, Polestar CEO Michael Lohscheller spoke out in opposition to 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 mum or dad firm Volvo proceeded to promote its remaining shares of the EV firm to its personal mum or dad firm, Chinese language automaker Geely. Consequently, the EV maker confronted important government shake-ups and restructuring, amidst problem in getting its autos delivered and producing constructive money circulate.
Nonetheless, the automaker has lofty plans for the approaching months, final yr saying that it might goal to launch EVs in seven new markets in 2025.
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