Polestar, the Swedish electric vehicle manufacturer, reported a remarkable 76% increase in first-quarter sales, moving 12,304 cars compared to 6,975 in Q1 2024. This surge is attributed to strategic discounts aimed at attracting Tesla drivers, including a $5,000 offer for leasing the Polestar 3. CEO Michael Lohscheller expressed confidence in the company's adaptive sales strategies amid a competitive market. Additionally, Polestar announced the termination of its joint venture in China to refocus its strategy while remaining committed to the Chinese market. The impacts of these changes on profitability remain to be seen.