I was thinking this over. Referrals are nothing but a disguised way of lowering the price of Model S.
Tesla gets $2k lesser for each referral, but they still have the cost of stores, employees, etc. etc.
Anyone buying a Tesla today can find a random referral code by a simple google search.
Effectively speaking, everyone is paying $1k less, or $2k less if you are in VA.
To be precise, they get $1k lesser, and $1k as deferred losses towards the future, so it doesn't affect their Q3 results as much, but is effectively borrowed money from the future to the tune of $10 million per quarter. Additionally, due to the introduction of ModelX, and lower production numbers, it is pretty much a foregone conclusion that Q3 will suck, and Q4 profitability is also highly questionable.
Thoughts?
Tesla gets $2k lesser for each referral, but they still have the cost of stores, employees, etc. etc.
Anyone buying a Tesla today can find a random referral code by a simple google search.
Effectively speaking, everyone is paying $1k less, or $2k less if you are in VA.
To be precise, they get $1k lesser, and $1k as deferred losses towards the future, so it doesn't affect their Q3 results as much, but is effectively borrowed money from the future to the tune of $10 million per quarter. Additionally, due to the introduction of ModelX, and lower production numbers, it is pretty much a foregone conclusion that Q3 will suck, and Q4 profitability is also highly questionable.
Thoughts?
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