Kristen Stewart has sometimes been accused of just playing variations on herself, as if that isn’t half the reason we’re drawn to movie stars. In “Twilight” (2008), she brought a specific and sullen appeal to a heroine conceived as a blank slate for female readers; later, in “Personal Shopper” (2017), when Stewart traded her polo shirts for a rich client’s shimmering dress, you could see both the star and the character regarding her new look in the mirror: Is this me? Could I make it me?At first, her new drama “Spencer” would appear to be a sop for the sort of moviegoer who’d demand a more rigorous transformation from the “Twilight” actress: Directed by Pablo Larraín (“Jackie”), the movie is a psychological portrait of Princess Diana as she unravels, then rallies, over a three-day Christmas holiday. Instead of hiring a British actress, Larraín chose Stewart, a contemporary figure of California cool who met me on the day of our interview wearing a brick-red pinstripe suit, her jacket sleeves rolled up to reveal a small constellation of tattoos.The 31-year-old actress who sat opposite me on a balcony at the Sunset Tower Hotel in West Hollywood may not have looked like the obvious pick to play the people’s princess, but a funny thing happens as you watch “Spencer”: The distance that initially seemed so vast between the two women will close to the point where it seems like the canniest casting ever. Stewart, after all, knows a thing or two about a life lived in the public eye, the scrutiny leveled at a high-profile romance, and the private moments snatched away by paparazzi.Stewart gave her all to the movie, studying Diana’s posture, mannerisms and accent; the resulting performance, potent and provocative, has thrust her to the front of this year’s crop of best-actress Oscar contenders. “I used to think that I needed spontaneity and anxiety to propel me into something truthful and that if I had too much control over it, it was immediately going to become fabricated,” Stewart said. “I just didn’t have the confidence to hold that and be like, ‘No, you can design something.’”But Larraín had that confidence in her.“She’s like an actress from the ’50s or ’60s,” the director said. “What she’s doing for the story can be at a very grounded character level, but it’s elevated to a poetic level that creates an enormous amount of mystery and intrigue. And that’s probably the best cocktail you could ever find for a performance on camera.”Stewart as Princess Diana (opposite Laura Benson) in a scene from “Spencer.”NeonStewart knew that taking on “Spencer” would be a challenge, and in the days leading up to the shoot, she even developed lockjaw as she ceaselessly practiced her British accent. But once she was on set, finally channeling Diana, her fears melted away: “At the end of week one, I was like, ‘This is the best thing I’ve ever done. This is the most alive I’ve ever felt.’”Here are edited excerpts from our conversation.What was your first impression when Pablo pitched “Spencer” to you?He was so sure that I should do this, and I thought that was audacious and crazy because it just doesn’t seem like the most instinctive, immediate choice.Did he tell you why it had to be you?He was like, “There’s something about Diana that we’ll never know. You make me feel like that. I’ve seen your work, and I never really know what you’re thinking.” And I feel that way about Diana as well. Even though I feel this overwhelming attraction to her spirit and her energy, there’s something that’s disarming about her. I want to hang out with her. I want to race her down a long hallway. I want to, like, meet her kid.Still, was it a natural step to say yes to this movie?The only reason that you work as an actor for this long is to try and outdo yourself every time. This one was just the proper step up that I couldn’t really say no to. It was ambitious and attractive, and I was like, “If I can’t do that, then I’ll just stop and direct movies instead.” And it’s fun to imagine a larger conversation. It’s fun to imagine if you’re capable of holding that.What emerged of Diana as you researched her?There were so many layers to read. There were so many ways in which she tried to reveal herself, that weren’t necessarily in the form of a direct sentence. She wasn’t allowed to be like, “I’m dying, and he doesn’t love me.” I think the way she expressed herself is so interesting because there are so many lenses between you and that communication.It’s like, to not acknowledge that every single person in the world is sitting here on this balcony with us is wild. We have to pretend they’re not because we’re being nice to each other. Which is nice! But also, we’re talking to everyone in the whole world right now.And I’m asking you to be vulnerable with me, as though what you say won’t be chopped up, reblogged and retweeted by people who aren’t here.You roll the dice, definitely. One could write a very long paper on the exchange between a journalist and an actor. That’s obviously not why we’re here, but yeah.Though Stewart knows something of what Diana experienced with paparazzi, the actress said she was never told “to sit and stay in the way that was so damaging and dishonest.”Ryan Pfluger for The New York TimesBut it kind of is. Diana had to be incredibly savvy about her image and the way it was used, while still radiating utter authenticity. Actors are required to do the same.Every way that we reach out toward each other has to be designed from an interior place. Therefore, it’s a form of manipulation. You want someone to understand you; you want to make someone feel the way that you feel. It’s sad to think about her in general because she’s just the most coveted, loved and also rejected, self-hating person. Those things shouldn’t go together.Unless some of it is cause and some of it is effect. Do we respond to her in a way that causes a little bit of that? When she’s called the people’s princess, does that imply a form of ownership?Of course, which I think she probably tried to cultivate. I think she had to reach out to get any sort of warm acceptance, when obviously at home she felt invisible and unheard and stifled and cold. She was looking sort of everywhere she could for that kind of love. She was the first royal in the entire history of them to reach out and touch people physically, in their face, without gloves on. That rocked people to their core.How did you square some of her contradictions?There were people that were like, “She would never use profanity.” And then other memories would be like, “Oh, gosh, she just came in swearing.” So you can’t know her. With famous people, you hear someone go, “I met them once and they’re not very nice,” but it’s like, “Were you asking them how their day went when they were coming out of the pisser? Maybe they weren’t nice to you in that moment.” People love to have one experience sort of sum up an entire human’s personality. You just have to take everyone’s perspective and shove them together and kind of figure out your own.You’re clearly speaking from personal experience. But in other interviews I’ve read, you demur when asked to draw a direct line between your time in the public eye and Diana’s.Five Movies to Watch This WinterCard 1 of 51. “The Power of the Dog”: More