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Polestar 2 gets a fresh design with sustainability and ethical sourcing in focus
Polestar announced today that its award-winning electric vehicle, the Polestar 2, is receiving sustainability and design updates to minimize climate impact and increase material sourcing transparency as ethical sourcing remains a primary focus of the Swedish automaker.
The Polestar 2 is receiving design updates to its interior, as well as new colors and wheel options for drivers to choose from when ordering the all-electric vehicle. Additionally, numerous improvements to vehicle range ratings will be applied to future builds of the Polestar 2 thanks to the expansion of blockchain traceability for ethical mining practices and a reduced carbon footprint due to the use of renewable energy.
“We have revisited the materials and processes that go into making Polestar 2, introducing updates that reduce climate impact and increase the material traceability of this award-winning car,” Polestar CEO Thomas Ingenlath said. “These are important additions to how we can improve cars over their lifetime – not just with functionality and design updates but addressing sustainability and carbon footprint as well.”
The most crucial improvement to the Polestar 2 is to its batteries, thanks to a partnership with traceability leader Circulor, which now includes blockchain accountability for mica in addition to cobalt, “both of which are critical battery components of an electric car,” the automaker said. The use of blockchain technology allows Polestar to trace where its battery materials and risk materials are sourced from, ensuring they are obtained through ethical mining and manufacturing processes. One of the key arguments against the transition of electric vehicles has been how automakers and battery suppliers obtain the metals and materials necessary for the production of the cells.
Polestar 2 receives top marks in crash safety tests, living up to its Volvo roots
Companies have fought for years to alleviate the idea that EV batteries are not sustainable and that they are obtained in unethical ways. Tesla, for example, detailed in its most recent sustainability report that it uses a series of due diligence processes and randomized checks at its mines across the world to ensure the materials are mined and obtained with ethical practices.
The use of these blockchain accountability programs also translates to better emissions ratings in the Polestar 2, the company says, as the aluminum tray carrying the battery pack will reduce carbon emissions of 1,653 pounds (750 kilograms) per car. This was made possible by purchasing only the aluminum for the tray from suppliers that utilize renewable energy. A low-carbon aluminum is also being used in the Polestar 2’s wheels to increase sustainability metrics.
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- Polestar 2’s new low-carbon aluminum wheels
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- Polestar 2’s new low-carbon aluminum wheels
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- Polestar 2’s new low-carbon aluminum wheels
“In our program updates, we want to take action on improvements that can make a positive sustainability impact quickly, rather than traditional mid-cycle facelifts,” Polestar Head of Sustainability Fredrika Klarén said. “Product optimization programs are common in the car industry, but we are taking an extended approach at Polestar, combining these with CO2e reduction programs as well. A first pilot has been rolled out, replacing the aluminum in the wheels with low-carbon aluminum that is produced using renewable energy. We expect this to result in a 1,322lb (600 kg) CO2e reduction per car for Polestar 2 in the second half of the year. Together with the improvements to aluminum in the battery tray, we’re expecting to see a total reduction of around 2,976lbs (1,350kg) per car.”
Other improvements, like the use of cruelty-free interior materials, are being added. Polestar parent company Volvo announced that it would use “vegan” leather in all of its EVs, starting with the C40 Recharge. The Polestar 2 will also have two new exterior colors, Space (Metallic Black) and Jupiter (Gold-Grey with Red Flake).
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- Polestar 2 in “Space”
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- Polestar 2 in “Space”
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- Polestar 2 in “Jupiter”
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- Polestar 2 in “Jupiter”
Here are each of the changes that will be applied to the Polestar 2:
- New exterior colors: Space (metallic black) and Jupiter (gold-grey with red flake)
- New designs for the standard 19-inch and optional 20-inch wheels
- New Zinc grey color for ventilated Nappa leather upholstery, available with a new Light Ash deco trim
- Removable sunshade for the panoramic glass roof (also available as an accessory for all Polestar 2 with glass roof)
- The mechanical heat pump (included in Plus Pack) has an improved optimal temperature range, now between 20°F and 77°F (-7°C and 25°C), increasing real-world vehicle range in adverse conditions.
- Introduction of an advanced cabin filter and upgraded interior particulate matter sensor with new in-car app that quantifies exterior air quality improvement in the cabin
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
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- Polestar 2’s new cruelty-free interiors will be included on the updated version of the vehicle
Pricing, updated range ratings, and availability for the North American market will be announced in the coming weeks, Polestar said.
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Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
