News
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 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
