Tesla Discount: The innovative electric car manufacturer, has an enticing offer for prospective buyers considering a new car. The promotion provides a discount of up to $1,000 on the purchase price, along with a three-month trial of Tesla’s Full Self-Driving (FSD) capability. Additionally, referrers get referral credits that can be redeemed for Tesla rewards such as Supercharger miles, software upgrades, and accessories.
- Update 2/9/2024: Tesla’s Refer and Earn program is still available.
- Update 9/26/2023: Funds for the California Clean Vehicle Rebate Project (CVRP) are nearly exhausted. Applications received after September 6, 2023 are placed on a standby list.
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Tesla Discount: Get $500 Or $1,000 Discount Off
Tesla’s referral program brings an enticing package for both those referring and those referred. When you use a referral link to order a new Tesla, you get $1,000 off a new Model S or Model X or $500 off a new Model 3 or Model Y. You also gain access to three months of Tesla’s “Full Self-Driving” (FSD) feature.
Once you own a Tesla and have an active Tesla account, you can start making referrals to earn referral credits, which can be redeemed for a variety of Tesla awards. Tesla awards currently include:
- Supercharger miles
- Tesla gear and accessories
- Tesla upgrades
- Cybertruck raffle
- Cybertruck Delivery Event invite
You can conveniently view eligible products, track your referrals, and redeem your Credits directly within the Tesla app, making the program a win-win proposition for both parties involved.
READ MORE: FIND MORE REFERRAL OFFERS HERE
Tesla Model 3 & Model Y Qualifies For $7,500 Federal Tax Credit (Until December 31)
All versions of the Tesla Model 3 and select versions of the Model Y now qualify for the full $7,500 federal tax credit, a substantial increase from the previous $3,750 credit that applied to some variants. This update significantly enhances the two car’s competitive edge, as it now offers one of the most affordable entry points into the world of electric vehicles.
The revamped pricing structure simplifies choices for consumers and provides even more compelling reasons to consider Tesla’s Model 3 or Model Y. Additionally, the adjusted pricing makes the Model 3 Long Range All-Wheel Drive (AWD) an attractive option with a notable $6,000 difference from the Performance version, offering greater clarity for potential buyers. This move underscores Tesla’s commitment to making electric vehicles accessible to a wider audience and accelerating the transition to sustainable transportation.
While the news of Tesla’s Model 3 or Model Y qualifying for a $7,500 federal tax credit is undoubtedly exciting for potential buyers, it comes with a significant caveat that could impact the availability of this incentive. Tesla’s website now states that these tax credits are likely to be reduced after December 31. This change hints at a potential shift in the government’s stance on electric vehicle incentives and stricter regulations on batteries in the near future.
The federal tax credit for electric vehicles is currently divided into two components, each valued at $3,750, with requirements related to battery sourcing and critical minerals. In 2023, to qualify for the battery requirement, 50% of the vehicle’s battery must be assembled or manufactured within North America, a threshold that increases to 60% in the following year. Similarly, to meet the critical minerals requirement, 40% of the critical minerals in a car’s battery must be sourced or processed within the U.S. or from a country with which the U.S. has a free trade agreement. By 2024, this percentage will rise to 50%. Furthermore, in 2024, vehicles cannot source battery components from countries of concern, such as China, and by 2025, EVs cannot contain any critical minerals from such countries if they wish to retain their tax credits.
What is Full Self-Driving Capability?
While the name “Full Self-Driving” might suggest a car that can independently navigate from point A to B, the reality is somewhat different. Tesla’s Full Self-Driving is classified as a Level 2 autonomous system, which means it requires the driver’s active supervision and the presence of at least one hand on the steering wheel. This falls short of true full autonomy, as defined by industry standards and regulatory authorities.
To enhance both safety and convenience, Tesla’s Autopilot and Full Self-Driving features collectively reduce the driver’s workload. These technologies rely on a robust system that incorporates eight external cameras, 12 ultrasonic sensors, and sophisticated onboard software. While Tesla’s Model 3 and Model Y vehicles utilize camera-based Tesla Vision, the Model S and Model X continue to employ radar technology.
Beyond the capabilities of Autopilot, Full Self-Driving introduces a range of advanced features designed to make driving more effortless and convenient:
- Navigate on Autopilot: This feature actively guides a vehicle from the highway’s on-ramp to off-ramp, managing interchanges, automatically engaging turn signals, and selecting the correct exit for the destination.
- Auto Lane Change: It assists in automatically changing lanes when the driver activates the turn signal in the desired direction. This feature works in tandem with Autosteer.
- Autopark: Designed for parking convenience, Autopark can automatically parallel or perpendicular park a vehicle. It detects parking spaces when the car is driven at speeds below 15 miles per hour and shifts into Park once parking is complete.
- Summon: Allows a vehicle to be moved in and out of tight parking spaces using the Tesla mobile app.
- Smart Summon: This advanced feature enables a vehicle to navigate complex environments and parking spaces to reach the driver’s location.
- Traffic and Stop Sign Control: This feature identifies stop signs and traffic lights, automatically slowing the vehicle as it approaches a stop. It also includes a driving visualization screen that displays upcoming traffic signals, stop signs, or road markings and provides an estimated stopping distance.
One of Tesla’s standout features is its ability to provide continual upgrades through over-the-air (OTA) software updates. As Autopilot and Full Self-Driving capabilities evolve, Tesla owners can expect to receive these enhancements without needing to visit a service center.
Tesla’s promotion, offering up to a $1,000 discount for new customers, is an enticing move in the world of electric vehicles. It’s clear that Tesla is making a concerted effort to make electric vehicle ownership more accessible and appealing.
For those considering a Tesla purchase, there’s no better time than now to seize the opportunity of the federal tax credit and the referral bonus. These incentives can significantly reduce the cost of your electric vehicle and provide valuable rewards. However, it’s crucial to act promptly, as these offers may not last forever. Don’t miss out on the chance to save on your Tesla and enjoy the benefits while they’re still available.