Swedish electric vehicle maker Polestar saw its first-quarter sales jump 76% compared to the same period in 2024 after it began offering discounts and other promotions, including ones geared towards locking in Tesla owners. Polestar sold 12,304 cars in the first three months of the year compared to 6,975 in Q1 2024. Sales were relatively…
Category: Polestar
Elon Musk, EV, Global Security News, lucid, Polestar, Tesla, Transportation, volvo
Automakers jump on Tesla’s brand woes with discount EV offers
Tesla trade-ins in the U.S. are at an all time high as some owners become disillusioned with Elon Musk’s politics, and some just want to avoid their car getting keyed by Musk haters. Automakers are pouncing on the opportunity. Polestar, Lucid Motors, Volvo, and Ford — which have long trailed Tesla in EV sales —…
electric vehicles, EVs, Global IT News, Global Security News, Polestar, Transportation
Polestar digs in for another grim year
Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult. The EV maker announced Thursday that it expects to generate less revenue in fiscal year 2024 than it did in 2023, after previously estimating sales would stay the same. That’s thanks to “fewer than expected Polestar 3 and…
EVs, Global IT News, Global Security News, hertz, Polestar, Tesla, Transportation
Want a cheap EV? Hertz is handing out discounts to renters
Hertz has been contacting people who are in the middle of renting electric vehicles recently to offer them the option to buy the car instead of returning it, reports The Verge. And the offers are pretty sweet, according to some renters who shared the offers on Reddit. One renter was reportedly offered a 2023 Chevy…