Polestar has launched the Polestar 3 electric SUV in China and has slashed its starting price by roughly $29,000.
Polestar is working to dramatically increase the size of its EV lineup over the coming years, and the first new vehicle it is launching is the Polestar 3. The 3 is the brand’s first full-size SUV offering and is set to take on the Tesla Model X and the Rivian R1S in the world of large electric SUVs. Now, likely to improve its competitiveness, Polestar has issued one of the most significant price cuts the Chinese market has seen this year.
As initially reported by CnEVPost, when the Polestar 3 was first advertised to Chinese consumers at its global reveal event, it had a starting price of 880,000 yuan ($127,756), placing it firmly within the luxury segment. Its high-performance variant was even more expensive, starting at 1,030,000 yuan ($149,532). However, at the Chinese unveiling this week, the Swedish automaker slashed that price by an average of 200,000 yuan ($29,035).
The Polestar 3 now starts at 698,000 ($101,333), and the performance model starts at 789,000 yuan ($114,544), a 182,000 yuan ($26,422) and a 232,000 yuan ($33,681) price cut, respectively.
- Credit: Polestar
- Credit: Polestar
- Credit: Polestar
- Credit: Polestar
- (Credit: Polestar)
Polestar was not immediately available to comment to Teslarati on the substantial price cut.
Polestar expects to begin production at its Chinese factory in the middle of this year, with deliveries starting at the end of the year. The Polestar 3 will also be produced at a shared production facility with Volvo in South Carolina, starting mid-2024, and deliveries will follow shortly afterward.
The automaker was likely influenced to lower prices due to the incredible amount of competition that has emerged in the Chinese market. Initiated by Tesla’s price cut in the country at the end of last year, countless brands have followed suit as Tesla has attracted an incredible wave of customers. Recently, both BMW and Volkswagen joined the likes of Ford, Nissan, Toyota, and BYD in instituting substantial price cuts in the country, specifically cutting the price of their electric offerings.
It remains unclear if Polestar intends to use this new pricing in the United States, but it would certainly make sense. With a new starting price of ~$114,000, it would be price competitive with offerings from Tesla and Rivian. Furthermore, with brands like Ford and Hyundai/Kia planning entries into the large electric SUV market, Polestar would be wise to offer its vehicles at a more affordable price point.
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Tesla FSD (Supervised) could be approved in the Netherlands next month: Musk
Musk shared the update during a recent interview at Giga Berlin.
Tesla CEO Elon Musk shared that Full Self-Driving (FSD) could receive regulatory approval in the Netherlands as soon as March 20, potentially marking a major step forward for Tesla’s advanced driver-assistance rollout in Europe.
Musk shared the update during a recent interview at Giga Berlin, noting that the date was provided by local authorities.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told,” Musk stated.
“Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive.”
Tesla’s FSD system relies on vision-based neural networks trained on real-world driving data, allowing vehicles to navigate using cameras and AI rather than traditional sensor-heavy solutions.
The performance of FSD Supervised has so far been impressive. As per Tesla’s safety report, Full Self-Driving Supervised has already traveled 8.3 billion miles. So far, vehicles operating with FSD Supervised engaged recorded one major collision every 5,300,676 miles.
In comparison, Teslas driven manually with Active Safety systems recorded one major collision every 2,175,763 miles, while Teslas driven manually without Active Safety recorded one major collision every 855,132 miles. The U.S. average during the same period was one major collision every 660,164 miles.
If approval is granted on March 20, the Netherlands could become the first European market to greenlight Tesla’s latest supervised FSD (Supervised) software under updated regulatory frameworks. Tesla has been working to secure expanded FSD access across Europe, where regulatory standards differ significantly from those in the United States. Approval in the Netherlands would likely serve as a foundation for broader EU adoption, though additional country-level clearances may still be required.
Elon Musk
Elon Musk estimates Tesla Semi could reach Europe next year
“We’ve got the Tesla Semi coming out, the heavy truck, and that’ll be going to Europe hopefully next year,” Musk said.
Tesla is preparing to expand its all-electric Semi truck program to Europe, with CEO Elon Musk indicating that the Class 8 vehicle could arrive in the region 2027.
Musk shared his update during an interview about Giga Berlin with plant manager André Thierig, which was posted on X by the official Tesla Manufacturing account.
“We’ve got the Tesla Semi coming out, the heavy truck, and that’ll be going to Europe hopefully next year,” he said.
Tesla has already begun limited production and customer deployments of the Tesla Semi in the United States, with the company working to scale output through the Semi factory near Giga Nevada. Considering Musk’s comments, it appears that a European rollout would be the next phase of the vehicle’s expansion beyond North America.
Musk’s use of the word “hopefully” leaves room for flexibility, but the remark signals that Europe is next in Tesla’s commercial expansion plans.
Musk has consistently argued that electrification should extend beyond passenger vehicles. During the same interview, he reiterated his view that “all ground transport should be electric,” adding that ships, and eventually aircraft, would follow.
The Semi plays a central role in that strategy. Heavy-duty freight remains one of the most emissions-intensive segments of road transport, and European regulators have increasingly pushed for lower-emission commercial fleets.
Tesla recently refreshed the Semi lineup on its official website, listing two variants: Standard and Long Range. The Standard trim offers up to 325 miles of range with an energy consumption rating of 1.7 kWh per mile, while the Long Range version provides up to 500 miles, which should be more than ample for European routes.
Elon Musk
Tesla Cybercab coming next to Giga Berlin, Optimus possibly after
“From a next major product standpoint, I think most likely is the Tesla Cybercab,” Musk said.
Tesla could add the Cybercab and Optimus humanoid robot to the production lineup at Giga Berlin, as per recent comments from CEO Elon Musk.
During a recent interview with Giga Berlin plant manager André Thierig, Musk identified the Cybercab as the most likely next major product for the German factory, with Optimus potentially following after.
“From a next major product standpoint, I think most likely is the Tesla Cybercab,” Musk said. He added that there are also “possibilities of Tesla Optimus” being produced in the facility.
Tesla has already begun production of the Cybercab in Giga Texas, with volume production expected to ramp this year. Based on Musk’s comments, it appears that if conditions align in Europe, Giga Berlin could eventually join that effort.
The CEO’s comments about Optimus coming to Gigafactory Berlin are quite unsurprising too considering that Musk has mentioned in the past that the humanoid robot will likely be Tesla’s highest volume product in the long run.
Giga Berlin will likely be able to produce mass volumes of Optimus, as the Model S and Model X lines being converted to an Optimus line in the Fremont Factory are already expected to produce 1 million units of the humanoid robot annually.
Apart from his comments about the Cybercab and Optimus, Elon Musk also confirmed that Giga Berlin has started ramping battery cell production and will continue expanding Model Y output, particularly as supervised Full Self-Driving (FSD) gains regulatory approvals in Europe.
Taken together, the remarks suggest Berlin’s role could evolve beyond vehicle assembly into a broader multi-product manufacturing hub, not just a regional Model Y plant.




