Polestar is offering a
2024 Polestar 2 Long Range Dual Motor Electric Vehicle for
Lease for
$299 per month for 27 Months with
$1,000 Down for Qualified Buyers with
Active Costco Memberships (only for active members
as of 4/30) who present their
Members Only Incentive Offer for a
$2,000 Savings towards the
Lease of a
2024 Polestar 2 valid at
Participating Locations Only. Availability inventory and pricing will vary by location and selected model.
Thanks to Community Member
p-rav for sharing this deal.
- Note: Price is estimated using the base MSRP of $56,700 of the 2024 Model, any additional features / additions may increase the lease price.
Deal Details:
- Visit the Costco $2,000 Incentive Offer page and Register to receive your Unique $2,000 Savings Certificate, you will present this certificate with your unique code (digital or printed) during your Lease Offer.
- Note: You must be a current Costco member as of April 30, 2024 to get this deal.
- Visit the Polestar Lease Offer page and check for available inventory in your area.
- Note: The online builder / pricing tool may not properly reflect the Lease offer at this time so you will need to verify this offer is available in your area or at authorized Polestar Spaces.
- Your estimated Lease Price should be as follows with all applicable offers for Qualifying Buyers:
- $3,000 Down Payment - $2,000 Costco Member Incentive = $1,000 Final Down Payment
- $299 Per month for 27-Months
- $1,299 Due at Signing (Down Payment + First Months Payment)
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Top Comments
* Registration required. Must be a member by April 30, 2024. Place order by July 31, 2024. Click for full restrictions, eligibility and details.*
792 Comments
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"Massively large company."
Geely is a massively large auto company in China but not worldwide. BYD destroys Geely, no competition. BYD does over 3x the revenue Geely does and will grow far bigger than Geely while having better vehicles for the masses.
They only did $23 billion in revenue last year. That pales in comparison to the largest automakers. Toyota, for example, did $270 billion in revenue last year.
"They're doing just fine." Again, you have no numbers to back it up, I do.
Polestar only has $700 million in cash and is constantly raising new money through debt using heavy interest to sustain their business. That's only expected to last them a year or two at best.
Their revenue is as high as their COGS. That means just labor and materials to build the car is how much they're selling the vehicle for. No gross profit. Add in selling and operating costs and they're burning $200 million every quarter minimum.
They're unlikely to be profitable any time soon which is why Volvo reduced their holdings so that Geely can pay for it instead.
Only a matter of time before Geely realizes that Polestar is not competitive with BYD and Tesla and can't reasonably sustain the business.
Their vehicles are also priced at a premium at a time where EV sales are declining currently.
I'll give them 5 years before their company has going concern issues. Right now they're in a stage, like many other EV makers, where they have they are too deep into it to quit. Rivian and LUCID are two other companies. Can't and won't be profitable any time soon. Fisker is dead on arrival. Who else do we need to talk about here?
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