Polestar Is Dangling Up To $21,000 Off For Tesla Owners, More If You’re A Costco Member

For most American buyers, Tesla remains the quintessential electric vehicle brand, accounting for roughly 46 percent of all EVs sold locally last year. Despite its stranglehold over the industry, competitors continue to announce incentives aimed at convincing current Tesla owners to jump ship, and Polestar is the latest.

Review: We Drove The Polestar 4 And It Wants To Change Your Mind On EVs

If you want to jump behind the wheel of a new Polestar 4 or Polestar 3, now could be the time to do it. Until April 30, the outgoing 2025 Polestar 3 includes an $18,000 ‘Polestar Clean Vehicle Incentive’ on purchases, slashing the SUV’s starting price. What’s more, it’s being sold with a $3,000 conquest bonus for any existing Tesla owner, regardless of whether someone wants to buy or at lease the 3.

It’s not just Tesla owners who can benefit. A $3,000 loyalty bonus is available to current Polestar owners, and a $1,000 conquest bonus is available to anyone who owns or leases an ICE or EV model from BMW, Audi, Mercedes-Benz, Porsche, or Cadillac. If you’re a Costco member, you may also be eligible to receive a discount of either $1,000 or $1,250. All up, we’re looking at potential savings of $21,000, or up to $22,250 for Costco members.

Importantly, these incentives are only for the 2025 Polestar 3, which has a 400-volt electrical architecture, whereas the 2026 model uses a more advanced 800-volt system. Nevertheless, it remains a good EV, and the base model can now be had for less than $50,000. The incentives also cut prices of the Long Range Dual Motor to under $55,000, while the Long Range Dual Motor with Performance Package can be purchased for less than $60,000.

Or Would You Prefer No Rear Window?

Polestar is also offering several incentives for the 2026 Polestar 4. For starters, it’s available with a $10,000 clean vehicle incentive, which can be combined with a $4,000 conquest bonus for Tesla owners, a $3,000 loyalty bonus for existing Polestar owners, or a $1,000 conquest incentive for owners of BMW, Audi, Mercedes-Benz, Porsche, or Cadillac models.

Like the Polestar 3, the smaller 4 also offers up to $1,250 in incentives for Costco members. The main $10,000 incentive alone reduces prices of the Long Range Single Motor to $46,400, while the Long Range Dual Motor drops to $52,900.