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Polestar Offers $20K Incentive to Lure Tesla Owners

3/19/2025

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Summary

Story summary

Polestar, a Geely-owned brand, provides Tesla owners with incentives up to $20,000 for leasing a Polestar 3.
This includes a $5,000 conquest bonus and a $15,000 clean vehicle incentive.
Lucid Motors has raised its Tesla trade-in incentive to $4,000, now available in more U.S. states.
Both companies target Tesla customers amid growing dissatisfaction with CEO Elon Musk.

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Story summary

Polestar, a Geely-owned brand, provides Tesla owners with incentives up to $20,000 for leasing a Polestar 3.
This includes a $5,000 conquest bonus and a $15,000 clean vehicle incentive.
Lucid Motors has raised its Tesla trade-in incentive to $4,000, now available in more U.S. states.
Both companies target Tesla customers amid growing dissatisfaction with CEO Elon Musk.