Looks like they brought back the referral program. Referee Gets $700 off a Tesla Model Y or Model 3, Referrer Gets $350 Tesla Credit .
Buyer - can receive buyer benefits one time when you make your first purchase of a qualifying Tesla product (Tesla Model Y & Tesla Model 3) through a friend’s referral link.
Referrer - can receive referrer benefits up to 10 times per calendar year when a friend uses your referral link to purchase their first qualifying Tesla product through your referral link.
Referee gets $1400 off Model Y & 3 purchase.
Referrer gets $700 credit toward Supercharging, software upgrades, merchandise, service payments or a new vehicle. Limit of 10 referral benefits per calendar year.
yes
I don't have any friends who own a Tesla..
You don’t need friends since you have ozbargainers.
I can be your friend. Tell me when you need a Tesla.
For future reference, requests should be made in User-Submitted Referral Code/Link Requests & Updates.
Just added my referral link I could do with some free supercharging hopefully I get a few clicks lol
Tesla must be desperate to move some stock see discount interest rates, traditional advertising, now the referrall program, mates getting offers to trade in transfer of free charging and fsd etc
These Tesla referral programs come and go over the years, no matter how much is in stock or how long the delivery delay.
Early on it was a free Tesla after x referrals, which is how Bjørn Nyland scored his first Teslas and is presently owed a Roadster. I earnt a referral reward on the last offering, putting the points towards 2 years of Premium Connectivity.
Where do I find the referral link ? Looking for one.
Cheers.
Click on the referral button above. Otherwise can provide one.
Yeah that's cool 😎
So $350 store credit and not points?
you just realize MU sucks ?
ooooh this is goood
Cue "Car Expert" making another video on how price reductions and incentives are bad
i clicked through my own link and it seems to take 1k off, not $700 - nevermind it's for US for some reason
yeah I did the same its 1k and 500 and its flipped around. The link they provided is US whereas ours would be from the australian shop
Mods need to fix the referral validation to allow en_au links
okay so i tested it again but on a web browser and it comes up as $700 off for the referer
Fixed. For future reference, requests should be made in User-Submitted Referral Code/Link Requests & Updates.
I never really got these programs for cars, like someone is going to buy a car because of a referral? It just seems like a good way for them to burn 1k on a sale they would already get.
id imagine its to help entice them when theyre on the fence and its sort of like a bonus if they were already going to get it anyways
If there were any potential buyers still on the fence, it could expedite the process..
At least with Tesla (or any other fixed price brands) you know it's a straight up discount. Unlike negotiated deals, you never know if the discount was factored into the negotiation.
Sometimes it's not so much about making a large profit during initiate sales, but more about getting people into their ecosystem (parts and services) and becoming an advocate to influent their social circle. Also, every sale they made is a win from the competition.
You're right, on the surface it doesn't make sense. It's just taking $1K off the price, but I'm thinking this system is better for Tesla since it:
- Doesn't change the price floor that buyers (especially us OzBargainer type!) will remember in future
- Might not be claimed by all buyers
- Encourages word of mouth, friend to friend promotion and rewards existing customers
- Might not look as bad on their quarterly sales figures (?)
Tesla's sales results in Aus are 20% down year to date, and Sept volume halved compared to 2023, so this is a small but fast acting sugar hit to boost sales or make MG and BYD buyers hesitate, just a little…
Essentially this referral program, turns it into word of mouth marketing for Tesla. For most businesses, word out mouth is a huge sale generator. People are more likely to buy from other owners experience. Throw in the incentive as well, and people will most likely buy.
You could probably negotiate more than $700 off at a tesla dealer or even more through a car broker (i know a few on ozbargain).
Prices are pretty firm at Tesla in my experience. Basically the Apple of cars. Take that for what you will.
Love me new model 3 though
Not when circumstances change when they have excess cars they can’t sell + competition from Chinese EVs. Warehousing unsold cars costs money, unlike warehousing a phone which is minimal cost compared to warehousing a car.
They still won’t budge on dealership pricing, they’ll just mark down the sticker price instead.
By the way, dealerships do this because they’re owned by other people or companies that are not affiliated with the manufacturer(s), they’re basically a HJ’s for cars. These are just showrooms where you can place an order online or buy existing inventory without negotiations, because they’re all owned by the same manufacturer, so of course they have an interest in keeping everything consistent, including price.
They don’t haggle you for upsells and price hikes, you don’t haggle them back for negotiating the price down. You either take it or leave it, and they stay out of your way for that.
@FujinShu: Exactly I think everyone who negged or commented badly on these Tesla deals are waiting for Tesla to mark down the sticker price :)
@FujinShu: Yep, saw this article yesterday which is a good write-up of the different experiences: https://thedriven.io/2024/10/02/i-strayed-from-the-tesla-cul…
Let us know how you go with that…
How many Telsla's can I buy for $700? …
A few Tesla Model Lego's i reckon
0.0001
you should donate the money to me
Must be getting despo to sell squished mentos
That’s a good thing! Better prices for consumers
Saw on the news recently that Tesla sales down by almost half as demand drops - Sixth straight month of sales decline
Thank china EVs
And Elon behaving like a space karen
I don't want an electric vehicle, fire risk in an accident, and I don't want self drive.
Imagine a remote update to lock the doors and drive it straight into a tree. All at once, flooding the hospitals.
Similar thing could be said for solar batteries, remote update to overcharge the batteries causing a fire.
We're in a world where malicious activities happen.
Sales are up 6% globally last quarter. Pretty decent result ide think. Aus sales are irrelevant.
Aus sales matters when you are living in Aus bro
For existing telsa owners how do you get a referral link? Ive checked the app and its missing refer and earn.
Check that you've updated the app
Yeah i did its the latest. I think at the moment its for the early adopters
Its in the Tesla app. Open hamburger menu (top right) > Refer and Earn > Refer Now > Share Referral Link
Seems like they haven't updated Android. Classiq.
Worked for me on android
Don’t have refer and earn ? Owned Tesla since July 2024, not sure if that matters. iOS latest version of Tesla App. What am I missing ?
Its available now
I don't know if i could live with myself reffering my mate onto a car thats depreciating like a rock.
Like catching a falling knife.
Chinese EV's are walking all over Tesla atm now that they've lost their Monopoly.
Having said that, without Tesla we wouldn't be where we are today. We'd still be constrained by the GM's & Fords and their lobbyists gunning for ICE vehicles only.
99% of cars have been a depreciating asset for 150 years, why is this brought up so much for Tesla?
Buy a car for its utility not as an investment.
*Heavily depreciating
True, I guess it's a case of a historically depreciating asset + early adopter tax.
I guess I buy cars with the view of using them until they're almost undrivable, my current car is 18 years old so I've never really factored in depreciation as I've always just assumed their near worthless once I'm done.
The rate of depreciation.
nah has to be like the bmw - a high yield investment
M3
Why is everything brought up for Tesla? Clickbait and it's the brand that grabs peoples attention. I agree with your statement around the car as a utility rather than an investment.. but for most people, the car is their 2nd biggest investment so to see it depreciate quickly can hurt … but it shouldn't.
Correct me if I am wrong but without Tesla the Chinese EVs will still come into the Aussie market anyways?
It's more it took Tesla to break up the ICE lobbyists from Ford and GM and convert the public to the fact that EV's were usable in everyday life.
Tesla has had a huge role in building customer trust. Imagine if the first EVs in Aus were unknown (to Australians) brand manufacturers arriving in droves
Right, so the Chinese govt let Tesla build their cars there to help Tesla reduce cost and in return the Chinese govt has use Tesla to gain trust on EVs worldwide, and now the Chinese govt are subsidising Chinese car makers to compete in price with Tesla. Genius, who’s the bigger fool 😂
No car company was seriously investing in developing EVs until Tesla came out of nowhere and proved it could be possible and profitable.
Without Tesla, the transition from ICE vehicles to FEV would be at least 10 years behind where it is now. Maybe as much as 30 years.
Musk has always been a bit weird and has recently gone a bit loony, so people seem to hate acknowledging anything good he did, these days, but facts are facts.
My understanding is China also started focusing on developing EVs around the same time Elon bought Tesla. It’s just that Tesla got to the final line slightly earlier. So without Tesla, China would still have developed EVs but perhaps not gaining customer trust as much, like what some had commented above.
Australia didn't have an electric car market or interest in one prior to Tesla. One of my biggest culture shocks the first time i went to China.. about 5 years ago - was that they've had an electric car market for a long time, and it's superior in every way.
Non luxury dirty cheap smart cars, swap-n-go battery recharge systems, EVs in all shapes, sizes, and price ranges. Hell, they actually have self driving cars you can buy.
Meanwhile Australia was getting the Chinese built Tesla and a heavily delayed polestar
yep planning to sell mine. I've driven other EVs and still prefer Teslas though. The Chinese ones aren't as great of a driving experience personally so YMMV, but work very well for their price point.
Might have to go back to an ICE vehicle but will see.
Buy high sell low! Why crystallise your losses?
Do you expect it to be worth nothing eventually? Looking at car sales the depreciation seems to flatten out longer term.
Changes in priorities with depreciation. Planning to work abroad and would like to have some savings before then
It's a car, not an investment. I find it hilarious that people talk about how much the cars depreciate.
Just about every car you drive depreciates hugely the second you drive off the lot. Who (profanity) cares? You're buying a new car to drive. If you want an investment go buy some stocks or ruin the dreams of yet another young couple trying to buy their first home and overbid them.
Cars are not investments.
No cars are not investments but one would like it’s 2nd hand resell value to drop not by much compared to how much you bought it.
If one is buying a used vehicle, one would very much like to see the resale value drop as much as possible.
You should not care about depreciation if you are planning to use the car for a long time until the front falls off and it's worth next to nothing.
Another case - you are sufficiently rich not to care how much the car costs or depreciates at all.
Otherwise, it's often one of the biggest parts of the total cost of car ownership.
Caring about depreciation is the same as caring about car price or servicing cost.
The car is not an investment (in most cases at least), but you still often care how much it costs you to own, and it's not only the sale price.
The Tesla depreciation topic is overblown and repeated constantly. Depreciation only spiked this year because Tesla made three rapid price cuts (between April and May) to various trims of the Model 3 and Model Y in response to rising competition from new Chinese EV brands in Australia, especially BYD. You can view the pricing history for each model in Australia, including these cuts, here: Model 3 & Model Y.
Now, people like to claim that prices will keep dropping dramatically so depreciation will continue being a problem, but if you compare the value of a Tesla right now to another EV in the same class and with similar specs, they're actually priced quite competitively. I was deciding between a Tesla Model 3 RWD and a BYD Seal Premium (which are like-for-like in terms of performance, and the Seal is only $1k cheaper drive-away), but after test driving both, the difference in quality and driving experience was like night and day. Don't take my word for it, I encourage other people to do the same.
If you look at the charts I linked above, the price of the Model 3 and Y have mostly trended slightly down throughout the years, so we can expect them to keep doing that, but I doubt we'll get a repeat of this year's quick consecutive cuts again, unless competing models with similar specs do the same. In that case, depreciation will impact EVs across the board, not just Teslas.
Price drop sentiment coming from recent report Tesla couldn’t sell their cars?
Could you provide a link and highlight a specific quote that supports your point? I'm asking because you mentioned "recent," and I just googled it myself - Tesla's Q3 earnings results were released two days ago:
"The Tesla company put out its Q3 2024 vehicle production and deliveries report this week. The key numbers in the report include Total Production Q3 2024, which reached 469,796, and Total Deliveries Q3 2024, which landed at 462,790. The deliveries number is notable since financial analysts were hoping to see 463,310 vehicle deliveries out of the company for Q3 2024, as reported by CNBC." Source
Doesn't really sound like they "couldn't sell their cars", it sounds more like they sold 98.5% of the cars they produced in the same quarter, and missed analyst sales projections by 0.1%. Hardly doom and gloom.
@mboy: theyre referring to the one specific to australia where they were experiencing more months of declining sales
@mboy: This?:
https://www.carexpert.com.au/car-news/tesla-sales-down-by-al…
Also, Tesla shares sank on the release of their recent report. Share prices are usually a good unbiased indicator, along with being forward looking.
@ilovefullprice: Fair go, but the article notes that Australian Tesla sales are down 19.1% total compared to last year. Isn’t that somewhat expected, given the rapid increase in EV competition in Australia over the past year? It's the very reason I mentioned that Tesla made their consecutive price cuts in the first place.
It also states, "The falloff in deliveries was largely driven by the Tesla Model Y, of which just 1498 examples were registered in September." However, it doesn’t mention the obvious reason for this: consumers know a Model Y refresh (codenamed 'Juniper') is coming soon. Naturally, sales would dip, as most people wouldn’t buy a Model Y now with a major refresh just around the corner.
EDIT: Nevermind, it does mention it at the end of the article: "It’s understood Model 3 deliveries have remained steady due to the arrival of the facelifted ‘Highland’ sedan late last year, while potential buyers are possibly holding out for the similarly updated Model Y ‘Juniper’, due to enter production in 2025.".
@mboy: Yes so regardless of whatever the reason is (competition, Elon’s character or new model coming etc), these are the price dropping sentiments which I wouldn’t say it’s overblown.
Yeah true, but most EV owners are spending about $5K less a year on petrol. I was spending about $7K annually for my 98 petrol fill ups, over 5 years that going to be nearly half my EV.. and im seeing EV batteries last well over 10 years.. so.. not bahd
It depends on the distance driven per year, with the average 12k per year for Australia (the median should be lower than 12k/year) it should be something like $1-4K depending on the car.
With $5-7K per year for petrol switching to EV makes sense for sure.
With low km/year, it may still make sense to continue driving the old car you have for some time (taking into account other costs like higher insurance for the new EVs).
Hard to know if the Tesla being the pioneer thing is true or not. China already had a large and well established market for EVs before Tesla were even a name - But Tesla really did seem to be the marketer to bring the attention to the 'West'
Without Tesla Australia would probably still be sleeping on EVs, but the Chinese cars would be just as impressive as they are now regardless
HODL. Pricing will drop dramatically. This is but a symbol of the desperation on moving units, the pressure is on.
Yeah I think theres probably a price drop or two before the end of the year. Tesla won't compete in the price war but don't think they really have a choice with how well the others are doing
What makes you say that? Tesla are close to their bottom line as we speak, so one would say this price will stay steady or they will stop shipping. Unless they start to eat into quality and learn by the Chinese on how to push out cheap built cars.
Otherwise, I guess they could start going cheaper, but start charging for extras, like for arguments sake increase the premium connectivity to $20 a month. I can see a lot of companies going for subscriptions for things, like Netflix, pay more or you get adds.
bottom line? how
the car is made in China for cheap
its actually a giant toy with car shell, battery and motor, - the only thing that Tesla has over other EVs is software which is free.
the whole car to build should cost LESS then ICE car -
to say this is their bottom price is ridiculous - while Elons worth is nearing close to $1 T
bottom line? how
They have a high cost base.
I am so sick of Elon / Tesla apologists like they are bible and everyone is just doing something dodgy.
Tesla has over other EVs is software which is free.
Just because its not a physical quantity does not mean Tesla got it fro free….
Also the entire s/w team is still improving it and cost a lot of $$$ to maintain every year.
@BatmanAU Just basing my opinion on some articles I've read in the last 2 months or so. Seems to be some more room to move pricing downward as other competitors sneak up from behind. One of my main beliefs I've formed from reading is just how fast battery tech is evolving and that will ultimately lead to better prices for consumers. If anyone needs one soon they should bite the bullet as there isn't much choice for them, go ahead and buy. People like me that are good with current vehicle for some years (18 mths - 3 years) to come, goes without saying that group will likely enjoy great benefit. Common sense of course. Should've explained we are a family that doesn't need to buy, our car is 5 years old. I realise some out there need a car in 2024/25.
Agreed. There's always new tech around the corner. Wait for the new Model Y Juniper and a few months later there will be talks of a newer revision with a newer battery or better hardware.
Buy it, enjoy it sooner and move on with the more important things in life.
Mods able to add random referral link?