Tesla has announced a significant increase in its referral program rewards for both the U.S. and Canada. With this update, buyers will receive double the discount, and existing Tesla owners will earn double the rewards.
Now, when users place an order through a referral link, buyers can receive a new car discount of CAD 2,600 in Canada or USD 2,000 in the U.S. — twice the previous discounts of CAD 1,300 and USD 1,000. Additionally, the rewards for the referring Tesla owners are also doubled. When someone successfully purchases a car using their referral link, the referrer will earn CAD 1,300 in Tesla credits in Canada, or USD 1,000 in the U.S.
These credits can be used within the Tesla ecosystem, including paying for Supercharging or service fees, or even purchasing a new car. The details are as follows:
Buyer’s Discount:
🇨🇦 - CAD 2,600 (up from CAD 1,300)
🇺🇸 - USD 2,000 (up from USD 1,000)
Referrer’s Rewards:
🇨🇦 - CAD 1,300 (up from CAD 650)
🇺🇸 - USD 1,000 (up from USD 500)
It’s important to note that the eligible vehicles for referral rewards differ slightly between Canada and the U.S.:
Canada: These incentives only apply to purchases of Model S, Model X, and Model Y, as Model 3 was removed from the referral program last month.
U.S.: The program is valid for Model S, Model 3, Model X, Model Y, and Cybertruck.
For those who have previously reached the referral limit of 10, it seems that the referral count has been reset. This means existing owners can now refer up to 10 new customers, earning a maximum of CAD 13,000 in Canada or USD 10,000 in the U.S. as a referrer.
This is the highest reward in the history of Tesla's referral program, and referrers can use the rewards for up to USD 10,000 or CAD 13,000 in discounts on their next Tesla purchase, or to redeem credits for Tesla accessories, Supercharging, or Tesla services.
In addition to the financial incentives, Tesla’s program details also mention that referrers will have a chance to win invitations to upcoming Tesla events.
By doubling the referral rewards so close to the end of the year, Tesla is likely aiming to reach its ambitious Q4 delivery targets. In the first three quarters of the year, Tesla delivered a total of 1,293,656 vehicles, but in its Q3 2024 shareholder report, the company projected an increase in annual deliveries.
This suggests that Tesla expects to deliver over 515,000 vehicles in the final quarter, a number that would set a new quarterly delivery record and push annual deliveries to a new high.
With the increased referral rewards and additional incentives such as 0% financing, free FSD transfers, and free Supercharging, Tesla appears to be pulling out all the stops to meet its goal of surpassing last year’s global delivery total of 1.81 million vehicles.
Keywords: Tesla Referral Program, Referral Program Update, Tesla accessories, Tesla Store, Yeslak, Tesla News
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