ByeByeJohnny
Active Member
If that is how they do it, letting you keep them forever, that's the problem then. Because this is not as much a cash cost as it is a cost that hits the books. As long as those miles are 'live' so to speak they must reserve money which in the end means the reported profit is down $23 million even if they never have to give most of those miles away in the end.if they simply expired the free miles after 6 months rather than re-up the entire allocation every time you get a referral, big influencers wouldn't have massive backlogs of miles
While not hugely important, $23 million extra could have come in handy as unlike credits from other car manufacturers it can't be used against Tesla in the 'the don't make money on their cars' FUD.