A look at Tesla China's new referral program and how you'll earn rewards

Tesla revamps its referral program in China

@Tesla_Mania

Tesla cancelled the popular Loot Box in 2021, but the referral program may return. Tesla used Weibo to announce the launch of a new program in China — Treasure Box.

The post encourages Tesla owners to recommend the product to friends for the opportunity to open the Treasure Box and win prizes. This move comes just days after references to the new referral program were found in the latest app update.

The buyer and the person who refers them to Tesla get 3,500 credits each. A loyalty program also awards 7,000 credits to current Tesla owners when they purchase another Tesla. Twitter user @Tesla_Mania, located in Shanghai, China, has posted several screen grabs and videos of the Treasure Box.

Referral credits can be cashed in for items like a Cyber Rodeo t-shirt (1,900 credits), Cybertruck socks (1,300 credits), Cybertruck hat (1,400 credits) a Tesla tote bag (500 credits), a Tesla umbrella (2,000 credits), My First Tesla Model Y (6,000 credits), a Tesla Tumbler (1,700 credits), and TeslaMic (12,000 credits) are just a few on the list.

It appears the credits can be used for Supercharger miles as well. Referrals are also entered for annual draws with bigger prizes. These drawings will award people with a VIP Tour of Giga Shanghai, a Model 3/Y RWD for 12 months, or Full Self-Driving for 24 months.

The Treasure Box announcement comes on the same day that Tesla lowered prices and just a few days after introducing incentives to those who bought the company's insurance. Tesla is ramping up efforts in China as it's currently third in electric vehicles behind BYD Motor and SAIC-GM-Wuling.

Loot Box video https://t.co/r33T67Y0ze pic.twitter.com/Q07tWxV96i

@Tesla__Mania October 24, 2022

A similar referral program may also start to show up in the North American market. Perhaps that is why there is a reference to it in the latest Tesla mobile app. As we reported, @TeslaAppUpdates iOS found some interesting code, "Okay one string that may provide some insight referral_share_sheet_refer_text': 'Use my referral link to purchase a Tesla product and get free credits you can redeem for awards like Supercharging miles, merchandise and accessories.'"

Elon Musk used his experience at X.com to reward users with cash cards for signing up and more cards for referring new users. That method translated to Tesla's referral program awarding an estimated eighty yet-to-be-produced Roadsters. The company cancelled the program more than a year ago, but if China's Treasure Box is any indication, the program will be back, albeit with smaller rewards.

Musk Teases New Model for Early 2025 That Will Use a Mix of Next-Gen and Current Platforms

“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025”. This was one of the key sentences that were part of Tesla’s deck shared on Tuesday directly before its financial results.

Since Reuters’ report a few weeks ago saying Tesla had “scrapped” the highly expected cheaper model— which Elon quickly denied on X —retail and institutional shareholders started asking for more details on Tesla’s product roadmap for 2024 and beyond.

In the earnings conference call, Elon Musk reiterated that Tesla expects to launch the next model in “early 2025, if not late this year”.

“We've updated our future vehicle lineup to accelerate the launch of new models ahead of previously mentioned start of production in the second half of 2025. So, we expect it to be more like the early 2025, if not late this year. “

Over concerns of temporary production halts to update the factories for these new models, Musk said that Tesla will produce new models with certain aspects from their next-generation platform and current models. This will reduce the number of changes needed on production lines and allow Tesla not only to ramp up production faster but also to get the vehicles to market quicker.

Model Y Redesign

Tesla appears to hit that their next-gen vehicle will be less “next-gen” than they were initially aiming for, but to get a new vehicle out the door by late 2024, the process would already have to be in motion. Tesla may likely be referring to the redesigned Model Y, which is expected to reuse many parts from the new Model 3. Earlier this year, Tesla said that the redesigned Model Y will not be released this year, so it makes sense that they’re looking to speed up that production.

Tesla CEO concluded by saying that these measures will allow Tesla to reach a capacity of over 3 million units. Tesla produced 1.84 million vehicles in 2023. However, this year they’re ramping up Cybertruck production and introduced the new Model 3 into new markets.

And we think this should allow us to get to over 3 million vehicles of capacity when realized to the full extent.

Tesla reported on Tuesday its earnings results followed by a conference call where it teased its upcoming Robotaxi and its next-generation platform saying its “purpose-built Robotaxi product will continue to pursue a revolutionary ‘unboxed’ manufacturing strategy”.

Earlier in the day, Tesla announced the new Performance variant of its sedan Model 3 with deliveries in the United States starting already next month. The new version starts at $45,490 (after applying the $7,500 Federal EV tax credit) and goes from 0 to 60mph in 2.9 seconds.

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Tesla on FSD: Close to License Deal With Major Automaker, Announces Miles Driven on FSD v12

On Tuesday Tesla reported its earnings results followed by a conference call that brought several updates on the company’s roadmap for future vehicles, autonomous driving, Optimus and much more.

While answering a question from Goldman Sachs analyst Mark Delaney about updates on the licensing of Tesla’s Full Self-Driving (FSD) technology, Elon Musk said they’re talking to one major auto manufacturer and there’s “a good chance” the company signs the first deal before year-end. However, he went on to say that it would probably be three years before the necessary changes are integrated into the car.

I think we have a good chance we do sign a deal this year

Brings Benefits to Tesla

The technology would require other automakers to start using the same cameras and hardware as Tesla, meaning that Tesla may not only generate money from licensing FSD but also from selling the hardware itself. However, there would be other benefits as well. When licensing FSD, Tesla would likely own the data gathered with the system well, further helping them with data and edge cases that need to be solved to reach full autonomy.

people don't understand all cars will need to be smart cars… Once that becomes obvious, I think licensing becomes not optional.

Tesla’s Chief Financial Officer Vaibhav Taneja commented pointing out that future partners “take a lot of time in their product life cycle” resulting in a gap between the deal signing and the arrival in the market of Tesla’s FSD software.

Miles Driven With FSD

On the conference call, Musk added that Tesla now has over 300 million miles that have been driven with FSD v12 since it was launched just last month. He added that it's becoming “very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy”.

Tesla said it will continue to increase its “core AI infrastructure capacity in the coming months” adding that in the first quarter, it completed the transition to hardware 4.0 with China now receiving the upgraded FSD computer and cameras.

Over the weekend, Tesla reduced the price of FSD dropping it from $12,000 to $8,000 for customers in the United States and from CA$16,000 to CA$11,000 in Canada.

Earlier this month, Tesla implemented a 50% price reduction for FSD subscriptions in the U.S. and introduced the subscription model in Canada at a great value of CA$99 per month.

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