Polestar desires 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 on the market for eligible prospects who presently personal or lease a Tesla car, 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 homeowners particularly with new incentive:
“Calling all Tesla homeowners. Get pleasure from as much as $20,000 in the direction of the lease of a brand new Polestar 3 while 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 consumers after Musk’s ‘unacceptable’ and ‘boastful’ conduct
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 12 months, and it’s constructing the Polestar 3 at a manufacturing unit in South Carolina that may assist the automaker dodge lately enacted import tariffs.
Tesla additionally granted Supercharger entry to Polestar’s automobiles in October, considerably increasing the variety of out there charging stalls for homeowners of the corporate’s automobiles.
Final month, Polestar CEO Michael Lohscheller spoke out in opposition to Elon Musk’s current 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 mother or father firm Volvo proceeded to promote its remaining shares of the EV firm to its personal mother or father firm, Chinese language automaker Geely. In consequence, the EV maker confronted important government shake-ups and restructuring, amidst issue in getting its automobiles delivered and producing constructive money movement.
Nonetheless, the automaker has lofty plans for the approaching months, final 12 months saying that it will intention to launch EVs in seven new markets in 2025.
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