Tesla, Inc.

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EV giant Tesla Inc. TSLA said on Saturday that the company will reduce benefits as part of its referral program in North America starting next year.



What Happened: &#8220;Current Referral Program benefits are valid through Dec 31 as well (will be reduced starting Jan 1),&#8221; the company announced in a post on social media platform X. 



Tesla&#8217;s referral program aims to reward new and existing customers of the company. Existing customers can gain benefits by referring other first-time customers and new customers by making purchases with referrals. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To make things easier for those on the fence If taking delivery by Dec 31: &#x1f1fa;&#x1f1f8; – 3 months of free Supercharging + FSD Supervised – Current FSD Supervised owners can transfer to new vehicle (except non-Foundation <a href="https://twitter.com/cybertruck?ref_src=twsrc%5Etfw">@cybertruck</a>) &#x1f1e8;&#x1f1e6; – 0% APR available when purchasing FSD Supervised…&mdash; Tesla North America (@tesla_na) <a href="https://twitter.com/tesla_na/status/1873123516918448277?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Why It Matters: Late in November, Tesla <a href="https://www.benzinga.com/markets/24/11/42207185/tesla-sweetens-referral-program-allowing-customers-to-earn-up-to-10000-as-elon-musks-ev-giant-races-to-500k-q4-delivery-target">updated its referral program</a> to include enhanced discounts and rewards. 



Customers could earn $1,000 for each successful referral, while the new buyer could receive&nbsp;up to $2,000 off a&nbsp;new Tesla. Additionally, those who&nbsp;take delivery before the end&nbsp;of 2024 will benefit from three&nbsp;months of free FSD (Supervised)&nbsp;and unlimited Supercharging, the company then said. 



However, these benefits are valid only through the end of this quarter and are possibly aimed at increasing the company&#8217;s deliveries this year as compared to 2023.



For the full year 2023, Tesla delivered 1,808,581 vehicles around the globe. To mark a growth over last year, the company has to <a href="https://www.benzinga.com/24/12/42571913/tesla-registrations-drop-by-nearly-41-in-november-in-eu-dragging-down-optimism-for-over-500000-ev-deliveries-in-q4">deliver at least 514,926 vehicles</a> in the three months through the end of December. Tesla has never delivered over 500,000 EVs in a quarter to date, making this an ambitious target.



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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Photo courtesy: Tesla

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EV giant Tesla Inc said on Saturday that the company will reduce benefits as part of its referral program starting next year.

Tesla's Referral Benefits In North America To Reduce Starting 2025: Here's What You Should Know - Tesla (NASDAQ:TSLA)

Anan Ashraf

Tesla

electric vehicles

KeyProj

mobility

TSLA

Tesla's Referral Benefits In North America To Reduce Starting 2025: Here's What You Should Know

Tesla Inc

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