Tesla has updated their referral program, and there are quite a few interesting changes to boot. There are now bigger discounts for buyers and bigger rewards for referrers, and it seems that the referral program has also had its cap reset.
The updated program has rolled out to North America - so both Canada and the United States. The changes are not active in Europe, China, or other regions - but keep your eyes out. Tesla will probably enable the new rewards in the coming days.
New Referral Discount
The new referral discount now provides up to $2,000 USD off your vehicle purchase, and includes any of Tesla’s vehicles - including the Cybertruck in the United States. The Model S, X and Cybertruck get the steepest discounts at $2,000 off, while the Model 3 and Model Y buyers get $1,000 off.
For Canadians, it's $2,600 CAD off your purchase, but the Cybertruck and Model 3 are exempt. In Canada, the Model Y gets the same discount as the Model S and X.
Inventory vehicles are included in the discount, which means you could potentially score a demo vehicle for several thousand dollars off right now. Used vehicles are not eligible for the discount.
In conjunction with the 0% Financing if you purchase FSD, now is one of the best times to purchase a new Tesla, especially with both the US and Canadian Federal EV Rebates potentially ending next year.
New Referral Reward
The reward is also much higher - $1,000 USD in the United States, and $1,300 CAD in Canada. That’s the highest the referral reward program has ever been, and it’s quite a big set of rewards. You can now obtain up to $10,000 USD or $13,000 CAD off your next vehicle purchase, or put it towards Tesla Shop Accessories, Supercharging, or even Tesla Service.
Interestingly, the program also says that referrers have the chance to win an invite to an upcoming special Tesla event. Given we just had We, Robot, the next event could be the launch of the Model Y Juniper or the $25,000 next-gen car.
Referral Reset
If you had maxed out the original referral program, meaning that you could no longer earn new referrals, Tesla has now reset the count. The updated program is once again a 10-referral limit, which will reset again either once Tesla updates the referral program or a 12-month cycle rolls over.
