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Stock impact report

Polestar unveils first production EV with aim to overtake Tesla [TechCrunch Blog]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: TechCrunch Blog
Jake Bright Contributor More posts by this contributor Polestar  debuted its first production EV and previewed its electric car line in New York with the CEO squarely taking aim at Tesla. The Volvo subsidiary pulled the cover off its Polestar 1, which it positioned less as a hybrid and more as a fully electric (gas optional) car to attract fence sitters to EVs. The $155,000 auto—that will hit streets in 2019—has 3 electrical motors powered by twin 34kWh battery packs and a turbo and supercharged gas V4 up front (more details  here ). All electric range is up to 100 miles—which the company claims gives the Polestar 1 the longest all electric range of any production hybrid. Polestar drivetrain The Polestar 1 brings 600 horsepower and 738 ft-lbs of torque. It is the first in a series, with an all electric Polestar 2 to debut in 2019 and a Polestar 3 SUV after that. “Polestar 2 will be a direct competitor to the Tesla Model 3…” CEO Thomas Ingenlath Show less Read more
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