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Polestar 2 receives top marks in crash safety tests, living up to its Volvo roots
Volvo-owned Polestar recently tested the crash safety of its newest vehicle, the Polestar 2. Tests indicated that the electric sedan has high levels of safety, matching its equally impressive performance standards and living up to parent company Volvo’s rigorous safety standards.
Polestar announced on April 28 that its newest car underwent crash safety tests. It is the first vehicle in the company’s lineup to feature Acoustic Vehicle Alert System (AVAS) technology and front-inner-side airbags. Polestar prioritized the protection of its battery pack, noting the “crucial” task of preventing the vehicle’s power source from being punctured or damaged in a collision as well.
“Protecting the battery pack in the event of a collision is crucial. Enclosed in an aluminum case for both protection and rigidity, the battery pack is fully housed within the floor structure of the CMA platform. This approach not only reduced the risk of damage and stiffens the body structure, but also protects occupants by keeping the battery intact in the event of a collision,” Polestar said in a press release.
When the Polestar 2 is in an accident, the battery pack automatically disconnects from the rest of the vehicle. The lack of connection between the battery and the rest of the car protects the passengers from being subjected to a live electrical connection. It also protects the battery from permanent damage. Polestar utilized a Severe Partial Offset Crash (SPOC) block to help accomplish this, which is a reflective solid aluminum barrier that his housed on the bottom edge of the vehicle’s front firewall.
The SPOC block minimizes the possibility of objects coming into the passenger cabin or toward the battery pack in the event of a frontal collision. The presence of this barrier also makes up for the lack of an internal combustion engine, which usually adds a barrier for passengers in the event of a crash.
Polestar aimed to keep its passengers safe at slow speeds as well. The company utilized an AVAS system for these accidents. Due to the relative lack of noise that electric vehicles produce at low rates of travel, the AVAS system will keep pedestrians and bystanders safe by alerting them of a car nearby. “We deliberately did not want Polestar 2 to sound like a robot or symphonic spaceship. We wanted very natural, subtle sounds that simply let pedestrians know the car is moving,” Polestar’s CEO Thomas Ingenlath said.
The sound system is similar to the noisemaker Tesla installed on its vehicles in compliance with the National Highway Transportation Safety Administration (NHTSA) standards.
“Safety is of paramount importance for Polestar,” Ingenlath said. Its company’s link with Volvo was undoubtedly a critical indicator that lackluster performance in safety standards would not be accepted. “So, of course, Polestar cars are designed to be amongst the safest in the world, and we are really proud of that.”
Polestar announced on April 23 that the Polestar 2 was available for sale in the U.S. with a starting price of $59,900. Deliveries are expected to begin Summer 2020.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
