Tesla Adds Model 3 And Y Discounts To Its Referral Program – SlashGear

Tesla has also revised the terms for referral benefits covering its other two cars, and its Solar roof, as well. Model S or Model X referral purchases are rewarded with a discount worth $1,000 on the car’s asking price, alongside a complementary Full Self-Driving subscription for three months. In return, the referral link generator gets 20,000 credits.

Notably, Tesla is also offering $500 off the price of its solar roof tiles using a referral link — the same value as someone buying a Model 3 or Model Y. For the existing Tesla customer, they will get 9,000 credits in their Tesla account. The referral perks for Model S, Model X, and the solar roof have been live since June, while those targeting the Model 3 and Model Y go into effect today.

Tesla delivered a record 466,000 electric cars in the past quarter, beating Wall Street estimates. This came on top of multiple price cuts that reduced the sticker price of its cars by up to 6%. While the price cuts have paid a handsome dividend in the past few years, Tesla is reportedly eyeing an ambitious 1.8 million EV deliveries this year.

Further reducing the price of its EVs is a sure-shot way of attracting new buyers and retaining the existing base of customers. It also makes sense in an increasingly heated EV market, where the likes of Mercedes, Hyundai, Volkswagen, Polestar, and Ford have begun offering EVs that undercut Tesla’s own on key parameters.