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Rivian Offers Massive Lease Discount, Making The R1S More Affordable
Rivian Offers Massive Lease Discount, Making The R1S More Affordable

Forbes

time04-05-2025

  • Automotive
  • Forbes

Rivian Offers Massive Lease Discount, Making The R1S More Affordable

Rivian R1S in the Mojave Desert. Credit: Brooke Crothers Rivian EVs are expensive. But Rivian is trying to make them more affordable with hefty discounts. The R1S SUV is now the Irvine, Calif.-based EV manufacturer's best selling model. It's outselling the R1T pickup by about 2 to 1, according to Cox Automotive's Electric Vehicle Sales Report Q1 2025. And Rivian is now promoting the 2025 Dual Motor Rivian R1 vehicle with the tagline 'your down payment's on us, so you can start exploring.' 'Rivian will contribute $6,500 toward each lease of a new 2025 Dual Motor Rivian R1 vehicle with Max battery and Performance Upgrade ordered through R1 Shop between May 1, 2025 and May 31, 2025,' according to the Rivian website. Other vehicle configurations are excluded, Rivan says. Here's what makes the deal potentially very sweet. The $6,500 lease offer 'may be combined with the $7,500 EV Lease Credit,' according to Rivian. That would add up to a tidy $14,000 discount. I confirmed this lease pricing with a Rivian salesperson. Note that Rivians won't always be out of the reach for more price sensitive buyers. The upcoming Rivian R2 SUV is expected to have a starting price of approximately $45,000 before taxes and fees. That is due in 2026.

Tesla Introduces New Cybertruck at $70,000 Amid Sluggish Demand
Tesla Introduces New Cybertruck at $70,000 Amid Sluggish Demand

Yahoo

time11-04-2025

  • Automotive
  • Yahoo

Tesla Introduces New Cybertruck at $70,000 Amid Sluggish Demand

Tesla, Inc. TSLA has officially introduced a new rear-wheel-drive (RWD) version of the Cybertruck in the United States and Mexico at $70,000. This new model is more expensive than the previously announced RWD model and lacks many features, but it offers increased range. Tesla confirmed that the vehicle comes with a single RWD motor and a driving range of 350 miles, more than the previously announced version with a range of 250 miles. This suggests that it likely uses the same battery pack as the Dual Motor and Cyberbeast variants. Initially, it was unclear if this version was intended for the Middle East or would replace the previously announced $62,000 RWD model. Now, Tesla has added the Cybertruck Long Range RWD to its online configurator for customers of the United States and Mexico. Before the incentive, it starts at $70,000, which is $9,000 more than the earlier RWD version, but offers an additional 100 miles of range. This variant is also $10,000 cheaper than the Dual Motor model. However, the new RWD variant comes with several trade-offs. It drops the second motor and powered tonneau. Soft tonneau is available at $750, which boosts the range to 362 miles. It also drops the adaptive suspension, rear lightbar, rear screen and even the truck bed's power outlets, per Tesla's website. The new variant's deliveries are expected to begin in June. Tesla's Cybertruck is facing a tough start in 2025. Per Cox Automotive, the company delivered 6,406 units in the first quarter. While the deliveries are twice the number it made in the year-ago period, the figure is significantly down from the 14,416 and 12,991 units sold in the third and fourth quarters of 2024, respectively. The EV giant is facing multiple challenges that include several recalls and rising material costs due to potential tariffs on steel, aluminum and imported parts. These factors, combined with sluggish demand, have left Tesla with about 2,400 unsold Cybertrucks in inventory, per Jalopnik. The broader auto market is also under pressure. Tariff-related cost increases are expected to drive up vehicle prices significantly, with Goldman Sachs recently cutting its U.S. auto sales forecast for 2025 by 1 million units to 15.4 million. TSLA carries a Zacks Rank #3 (Hold) at better-ranked stocks in the auto space are China Yuchai International Limited CYD, Suzuki Motor Corporation SZKMY and Strattec Security Corporation STRT, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for CYD's 2025 sales and earnings indicates year-over-year growth of 9.17% and 36.84%, respectively. EPS estimates for 2025 have improved 25 cents in the past 60 Zacks Consensus Estimate for SZKMY's 2025 sales and earnings implies year-over-year growth of 8.59% and 48.43%, respectively. EPS estimates for 2025 and 2026 have improved 56 cents and 39 cents, respectively, in the past 60 Zacks Consensus Estimate for STRT's 2025 sales indicates year-over-year growth of 2.61%. EPS estimates for 2025 and 2026 have improved 91 cents and $1.06, respectively, in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Suzuki Motor (SZKMY) : Free Stock Analysis Report China Yuchai International Limited (CYD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

The Single-Motor Polestar 3 Is Still Pretty Great
The Single-Motor Polestar 3 Is Still Pretty Great

Yahoo

time31-03-2025

  • Automotive
  • Yahoo

The Single-Motor Polestar 3 Is Still Pretty Great

Polestar has been (mostly) split off from Volvo by an IPO that changed its relationship with both the Swedish brand and their shared Geely parent company. Polestar now wants to stand on its own with a growing range of electric models, with the company committed to a lineup that will eventually expand to the planned Polestar 7. The Polestar 3 needs to be good enough to compete in what is already a high-quality segment. The Dual Motor model is an impressive entry into a crowded field, but how does the more affordable Single Motor variant stack up? Our expert editors test every vehicle we review. Read more about how we test and review cars that Polestar is more than just Volvo's electric subsidiary, it needs to figure out exactly where it sits in the market. Glancing at the text written on various surfaces of the Polestar 3 will tell you the company prioritizes both performance and its environmental credentials. On the Dual Motor Polestar 3, which produces up to 510 hp, that performance is hard to miss. The new Long Range Single Motor variant tested here is more subtle, with a 295-hp peak output and drive restricted to the rear wheels. The result, no surprise, is a less thrilling experience, but with both improved efficiency and affordability. Vehicle tested: 2025 Polestar 3 Long Range Single Motor Base Price: $68,900 Price as Tested: $82,700 Location: Thousand Oaks, California Powertrain: Single-motor, rear-wheel drive Power: 299 hp Torque: 361 lb-ft 0-60: 7.5 seconds (manufacturer-stated) Battery capacity: 111 kWh Weight: 5445 pounds EPA Range: 350 miles The biggest strengths of the Single Motor Polestar 3 are what it shares with its more powerful sibling. That includes impressive driving dynamics for a segment not traditionally known for its on-road thrills. No electric crossover is light, and the approximately 5400-pound 3 is no exception. But the Single Motor variant still felt nimble and athletic when I drove it on a tight canyon road, with genuine feedback passing through the power steering to my fingers. On performance, the Single Motor loses the impressive urge of the Dual Motor variant. It also misses out on the AWD's active rear differential, with a conventional open differential in its place that can't redistribute torque to help the car to turn. Another loss is air suspension, standard on the Dual Motor but replaced here by steel springs. Polestar says the tuning is meant to emulate the feel and comfort of the plush-riding air springs, but a brief side-by-side comparison proved the more complex setup dealt better with broken surfaces. My rear-wheel-drive test car also rode on all-season tires, while the Dual Motor had grippier summer rubber. But rather than regretting what it lacks, the Single Motor Polestar 3 still felt both comfortable and engaging to drive quickly. It will be cross-shopped against other single-motor EV crossovers, and against that benchmark it felt compelling enough. Buyers who prioritize performance can choose to pay the premium for the Dual Motor version. A standard Single Motor Polestar 3 comes with wool seats and one massive, portrait-oriented screen. Gauges on the dashboard are dropped entirely in favor of a small screen attached to the car's steering wheel, the face of which features just two pads of unmarked buttons. Buyers coming from other EVs will be impressed by the quality of those materials and the usefulness of Polestar's Android-based tech. Those more familiar with more conventional luxury cars will be puzzled by a car at this price point with a spartan interior layout and standard non-leather seats. It all depends on how you view the minimalist ethos. Fortunately, the wool seats are well designed and a cut above normally entry-level cloth. The optional napa leather seats are firmer, and massage functions tied only to the leather option should make the choice clear for buyers with the extra money to shell out. Carbon footprint details on the seat material are printed on both options, though, so the leather one comes with a permanent reminder that more CO2 went into its creation. The Single Motor Polestar 3's biggest advantage is its EPA-estimated 350-mile range, which is 71 miles ahead of the corresponding figure for the Dual Motor 3 with the Performance pack, both versions using the same 111-kWh battery. Polestar claims a zingy rate of 250 kW on a sufficiently potent DC fast-charger, taking it from 10 percent to 80 percent charge in as little as 30 minutes. My drive was too short to give me the chance to verify those numbers, but my test car's range dipped gently during an afternoon in the canyons. The Polestar 3's relatively small exterior profile stands out in a world of bulky crossovers, including the Volvo EX90 that sits on the same platform. The smaller Polestar is not as roomy as the Volvo and only has two rows of seats, but it still felt spacious in the rear—the lack of a transmission tunnel a huge advantage over a similarly sized combustion alternative. The Polestar 3 is already targeting a very specific buyer, someone whose idea of luxury is about style and tech-forward effectiveness rather than extravagance and opulence. The Single Motor variant cuts that down further by taking away a few major components that make the Dual Motor 3 so enjoyable on the road. What's left is a compelling EV for the price, but one that will not work for every buyer. At $68,900 before options and after a delivery fee, the Long Range Single Motor variant is not all that much cheaper than the $74,800 entry point for the cheapest Dual Motor variants. Enthusiasts should note that the desirable Performance pack for the Dual Motor is another $6000 leap, but the standard AWD version should mark a sweet spot for buyers interested in the best all-around Polestar 3 value. Early Polestar 3s sold in America came from a plant in China, but newer models are now being built at a Volvo plant in South Carolina. That should help keep pricing stable even while major tariffs loom over imported cars. Clean design that stands out in a world of overly styled EVs. Lively, nimble feel on the road. A roomy cabin in a relatively small footprint. Disappointing performance compared to better-equipped Dual Motor variants. A tech-focused interior that feels a little too simplified. Priced close to Dual Motor considering the missing features. In a world where performance numbers are alluded to by vexing model designations that seem to change by the month, Polestar's cars wear their most vital stats in plain text in front of the driver's door. If you want to know how powerful a specific Mercedes EV is, you have to look up what designations like 53 4Matic+ mean on an individual model. On the Polestar 3, the capacity of the battery in kWh and the peak power output in kW are listed on the side of the car. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car

2025 Polestar 3 Long Range Single Motor Goes the Distance
2025 Polestar 3 Long Range Single Motor Goes the Distance

Yahoo

time31-03-2025

  • Automotive
  • Yahoo

2025 Polestar 3 Long Range Single Motor Goes the Distance

If you are seeking an EV with over 300 miles of range, you live where the roads are free of snow and ice, and you want to save a chunk of money, Polestar has a solution in the new Polestar 3 Long Range Single Motor. Yes, that's how the automaker refers to it. And the range payoff is mighty indeed. How does 350 miles sound? To get that figure, you do have to opt for the 21-inch wheels, which are better for efficiency than the 20-inch wheels (with 342 miles of rated range) or the 22-inchers (333 miles). Goldilocks would understand. As the name implies, the Long Range gets the same upsized 107.0-kWh battery as the Dual Motor, but its range is superior—the thriftiest Dual Motor earns an EPA range rating of 315 miles, with the Dual Motor Performance Pack checking in with just 279 miles. The Long Range can hit a 250-kW peak charging speed on a DC fast-charger, and Volvo quotes 30 minutes for a 10 to 80 percent fill. The big battery helps explain the heft of the Polestar 3. The Dual Motor we tested weighs 5700 pounds, and the Single Motor should come in at about 5350 pounds. The Single Motor part of the 3's name is fairly self-evident, but we did say "free of snow and ice" for a reason. This machine deletes the front motor, which is great for weight distribution and basic dynamics but probably isn't the best choice for those who have a real winter. It also means it has less power, of course, but even in all-wheel-drive models, the rear-mounted motor does the brunt of the work. It makes 295 horsepower and a rather useful 361 lb-ft of torque, so even without the Dual Motor's 483 horsepower, you won't be struggling at highway on-ramps. You also won't be replicating the 3.9-second 60-mph time we saw from the 510-hp 2025 Polestar 3 Performance Launch Edition. We haven't strapped on test equipment yet, but based on the 5.5-second sprint to 60 mph from the 4516-pound 2024 Polestar 2 Plus equipped with a similar powertrain, we'll posit that 6.5 seconds to 60 mph might be the ticket for the Single Motor. In the real world, the single-motor Polestar 3 has plenty of get-up-and-go, and the considerable torque means it's pretty punchy for the first 30 mph. Sure, it may run out breath a lot sooner than its counterparts with two motors, but the Single Motor's reduced top speed—it's trimmed from 132 mph to 112 mph—probably won't factor into most commutes. The Single Motor's approximately 350-pound weight advantage stems from more than just deleting the front motor. The Dual Motor uses liquid-cooled permanent-magnet AC motors at each end, so it needs a clutch to disconnect its rear motor because it cruises on front-wheel drive. That clutch is not needed here, and the rear motor's torque-vectoring capability is also jettisoned. The Single Motor also drops pounds via simplified suspension hardware: The Single Motor gets steel springs instead of height-adjustable air springs, and it uses passive dampers instead of adaptive ones. You can certainly feel less weight on the nose, and the Single Motor turns in crisply. The suspension is perhaps more keenly tuned because the engineers had only one spec to worry about. And they used frequency-dependent dampers, which is a geeky way of saying that the 3 can react appropriately to a variety of road conditions from small cracks to coarse surfaces and large potholes. But the adjustable steering is slightly disappointing. The middle of the three settings delivers the proper amount of effort; the others are too light or too heavy. But the on-center valley is too broad, and you don't perceive any feedback from the tires at lower speeds. It's close but not quite precise enough. The rest of the car is pure Polestar 3. Weird unlabeled steering-wheel buttons that you use to set the mirrors and steering position? Check. A two-button driver's-side window switch that you must toggle to control the rear windows? Yep. Weird tall-wagon-but-it's-really-an-SUV styling? You betcha. This last bit may be the coolest aspect of the Polestar 3. It is an SUV, but it comes across as a low-slung vehicle that some might deem a wagon. It has space aplenty in both rows, and it is airy and open inside, yet it has a compellingly low roofline. The rakish roof means that cargo volume suffers a bit, however, with 18 cubic feet of cargo volume with the rear seats up and 47 cubic feet with them folded. Besides its sometimes confusing hardware, the Polestar 3's software can deliver its own flummoxing idiosyncrasies. For instance, there's a big button that seems to turn off lane-departure warnings, but the steering still gives you a nudge if you touch the lines—which is especially irksome when you plan to do that intentionally. And the shared dash screen can be frustrating when the driver and the passenger are trying to do different things at the same time. This makes a good case for HVAC controls being stand-alone buttons rather than taking over the entire screen. As for the cost, the Polestar 3 Single Motor Long Range comes in at $68,900. And while tariffs might affect supply-chain costs, this car wouldn't be hit with the 25 percent import tariff because it's built in South Carolina. It's available to order now, and the main option is the $5500 Plus package, which includes heated rear seats, a heated steering wheel, heated washer nozzles, soft-close doors, active noise cancellation, and a Bowers & Wilkins stereo with 25 speakers and Dolby Atmos. You can also order the all-important 21-inch wheels for $1200 or spend a little more and get them in the Pro pack along with some black and gold trim for $2100. Either way, make sure you get the 21-inch wheels to get the maximum range. That headlining 350-mile range is the primary reason we'd consider the Long Range Single Motor over the 483-hp Dual Motor and the 510-hp Performance Pack. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!

View Exterior Photos of the 2025 Polestar 3 Long Range Single Motor
View Exterior Photos of the 2025 Polestar 3 Long Range Single Motor

Yahoo

time31-03-2025

  • Automotive
  • Yahoo

View Exterior Photos of the 2025 Polestar 3 Long Range Single Motor

read the full review The 2025 Polestar 3 Long Range Single Motor ditches the all-wheel-drive version's front motor, trading horsepower and acceleration for as much as 350 miles of range. With 21-inch wheels, the Polestar 3 Long Range Single Motor gets an EPA-rated 350 miles of range. The Single Motor's single motor makes 295 horsepower. We expect a 60-mph time in the mid-six-second range. The Single Motor costs $68,900, which is $5900 less than the Dual Motor. Surprisingly, the 21-inch wheels deliver better range than the 20-inch option, which offers 342 miles. The Polestar 3 is ostensibly an SUV, but its low roof gives it a decidedly wagonlike vibe. The Single Motor uses steel springs and passive dampers, as opposed to the Dual Motor's air springs and adaptive dampers. The Polestar 3 is built in South Carolina, so it will avoid the 25 percent import tariff. The Single Motor's top speed is 112 mph, down from the Dual Motor's 132 mph. We'd guess this won't be a big problem for most buyers. Keep going to see more exterior photos of the 2025 Polestar 3 Long Range Single Motor. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!

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