10:38 AM EDT, 04/10/2025 (MT Newswires) -- Polestar Automotive (PSNY) launched a campaign in April to attract Tesla (TSLA) owners in the US by offering up to $20,000 discount on the lease of its Polestar 3 vehicle.

On its website, the company said Polestar 3 leases are available with $15,000 clean vehicle incentive and Tesla owners who make the switch to Polestar will also get a $5,000 conquest bonus.

"We piloted a conquest campaign in late February. Based on the positive response, we ran a new campaign for the month of March. We are currently running a similar campaign for April," a Polestar spokesperson told Reuters.

The offer ends on April 30, Polestar said.

Shares of Polestar were down more than 8% in recent trading.

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