Tesla’s Referral Program has just received an exciting update for buyers and referrers across the United States and Canada. The new incentives promise bigger discounts and rewards as we approach the end of 2024. Whether you’re looking to purchase a new Tesla or earn rewards for recommending Tesla’s electric vehicles (EVs), this update offers an enticing opportunity to save and earn like never before.
In this blog, we’ll explain everything you need to know about the Tesla Referral Program 2024, from the available discounts to the rewards for referrers, and how you can benefit from this program. So, let’s get started!
Table of Contents
What is the 2024 Tesla Referral Program?
Tesla’s Referral Program allows current Tesla owners (referrers) to share a unique referral link with potential buyers. When someone uses the referral link to purchase a new Tesla vehicle, both the buyer and the referrer receive various benefits. This includes vehicle discounts, Tesla credits, and exclusive event invitations.
With the 2024 Tesla Referral Program update, these rewards have become more generous, making it the perfect time to take advantage of the program.
2024 Tesla Referral Program: Discounts for Buyers
The newly updated 2024 Tesla Referral Program offers up to $2,000 off the purchase price of a new Tesla in the United States and $2,600 CAD in Canada. The offer applies to the entire lineup of Tesla vehicles, including:
- Model 3
- Model Y
- Model S
- Model X
- Cybertruck (for U.S. buyers)
Tesla CEO Elon Musk shared,
“Our mission is to accelerate the world’s transition to sustainable energy. This updated referral program is a step in the right direction, making it easier for people to join us on this journey.”
Tesla Referral Program: Rewards for Referrers
If you’re an existing Tesla owner, this program allows you to earn $1,000 in Tesla credits for every successful referral you make. These credits can be redeemed for:
- Supercharging
- Software upgrades
- Tesla merchandise
- Service payments
- Even a new Tesla vehicle purchase
How Much Can You Earn?
- Maximum referrals per year: 10
- Total reward: Up to $10,000 (or $13,000 CAD) in credits if you refer 10 successful buyers.
This is an exciting opportunity to earn significant rewards, especially if you’re looking to purchase another Tesla vehicle or use the credits towards service or merchandise.
Key Highlights of the Tesla Referral Program 2024
| Benefit | U.S.A | Canada |
|---|---|---|
| Referral Discount | $2,000 Off | $2,600 Off |
| Referrer Reward | $1,000 in Tesla Credits | $1,300 in Tesla Credits |
| Max Referrals | 10 referrals/year | 10 referrals/year |
| Eligible Models | Model 3, Model S, Model X, Model Y, Cybertruck | Model S, Model X, Model Y |
| Additional Perks | Free Supercharging & FSD (3 months) | Free Supercharging & FSD (3 months) |
How to Maximize Your Benefits from the Tesla Referral Program
Here’s how you can make the most of the 2024 Tesla Referral Program:
For Buyers:
- Use a referral code when purchasing a Tesla vehicle.
- Save up to $2,000 (or $2,600 CAD) off the purchase price.
- Claim up to 3 months of free Supercharging and free FSD (Supervised) if you take delivery by the end of 2024.
For Referrers:
- Share your referral code with friends, family, or anyone interested in purchasing a Tesla.
- Earn $1,000 in credits for every successful referral.
- Use your credits for Supercharging, Tesla accessories, or even future Tesla purchases.
- You could also win an invitation to an exclusive Tesla event.
2024 Tesla Referral Program Eligibility
To ensure you’re eligible for these fantastic rewards, here are the details:
- For Buyers:
- Must use a referral code when purchasing a new vehicle.
- Must take delivery of the vehicle before December 31, 2024.
- For Referrers:
- Must be a current Tesla owner.
- Can refer up to 10 buyers per year.
- Referrals must be completed by December 31, 2024, to count toward the rewards.
Why Participate in Tesla’s Referral Program?
Bigger Discounts for Buyers
The updated program significantly boosts the savings for customers. Buyers who use a referral code to purchase a new Tesla can enjoy $2,000 off in the U.S. (and $2,600 off in Canada for certain models). These discounts make it easier than ever to get into a Tesla, especially when paired with other Tesla promotions such as 0% APR financing.
Increased Rewards for Referrers
Tesla has also increased the rewards for those who refer others. Referrers now earn $1,000 in credits, double the previous amount. With this opportunity, if you refer up to 10 buyers, you can earn a total of $10,000 in credits, which can be used toward anything in the Tesla ecosystem, from new vehicles to accessories.
An exciting addition to the program this year is the chance to win an invitation to a Tesla event for those who refer successful buyers. This could be a golden opportunity to attend exclusive Tesla product launches or behind-the-scenes events, so it’s worth participating!
Why is Tesla Updating Its Referral Program?
Tesla’s updated referral program is part of its strategy to boost sales in the final months of 2024. As the company aims to achieve a record number of more than 500K deliveries in the last quarter of 2024, these new incentives are designed to attract more buyers and encourage existing Tesla owners to actively promote the brand.
According to Elon Musk, Tesla’s CEO, “The Referral Program is a great way for us to thank our customers for their loyalty and support, and we are excited to offer even greater rewards in this final push of 2024.”
Tesla’s fourth-quarter goals are ambitious, and with these added incentives, the company hopes to drive strong demand through the holiday season and into the new year. This is the perfect time to take advantage of the Tesla Referral Program to get discounts, earn rewards, and help spread the word about Tesla’s electric vehicles.
The Future of Tesla’s Referral Program
While Tesla has just doubled its referral rewards for Q4 2024, it’s unclear whether these increased benefits will continue into 2025. Given Tesla’s focus on ramping up deliveries and promoting sustainability, we can expect to see more promotions and incentives aimed at driving adoption in the coming year.
Tesla is also preparing for the launch of the $25,000 Tesla, which could further transform the EV landscape. If successful, this could unlock new opportunities for both new buyers and referrers alike.
Conclusion
Tesla’s updated Referral Program offers one of the best opportunities yet to save money on a new vehicle while earning valuable rewards. Whether you’re a current Tesla owner or a potential buyer, the program has something for everyone. With up to $2,000 in discounts, three months of free Supercharging, and a chance to win a special invite to a Tesla event, now is the time to act.
To maximize your savings and earn credits, don’t forget to use a referral link when purchasing your new Tesla vehicle. The clock is ticking with the deadline to take delivery by December 31, 2024, so don’t miss out!
Read more: Tesla V4 Superchargers: Full Charge Your EV In Just 10 Minutes With 500 kW Architecture.
FAQs
How much can I save with the Tesla Referral Program?
You can save up to $2,000 on a new Tesla vehicle in the U.S. and up to $2,600 CAD in Canada, depending on the model.
What rewards do referrers get in the Tesla Referral Program?
Referrers earn $1,000 in Tesla credits for each successful referral. You can earn up to $10,000 in credits if you refer 10 people.
Which vehicles are eligible for the referral discount under the Tesla Referral Program?
In the U.S., the Cybertruck, Model S, Model X, Model 3, and Model Y are eligible. In Canada, only Model S, Model X, and Model Y are included in the referral discount.
How long is the Referral Program active?
The program is active through December 31, 2024, so be sure to make any purchases and referrals before then.
What can I spend Tesla credits on?
Tesla credits can be used for Supercharging, Tesla merchandise, vehicle upgrades, or even applied toward a future vehicle purchase.
How can I join Tesla’s Referral Program?
To join, you need to be a current Tesla owner. Simply share your referral link with others who are interested in purchasing a new Tesla.7
Is the Tesla Referral program available globally?
Currently, the Referral Program update applies to U.S. and Canadian customers. It’s not yet available in other regions like Europe or China.
