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

By Kevin Armstrong

Tesla canceled 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 their friends for the chance to open the treasure box and win prizes. The move comes just days after references to the new referral program were found in the app’s latest update.

The buyer and the person who refers them to Tesla each get 3,500 credits. A loyalty program also awards 7,000 credits to current Tesla owners when they buy another Tesla. Twitter user @Tesla_Manialocated in Shanghai, China, released several screenshots and videos of the Treasure Box.

Referral Credits can be redeemed for items like Cyber ​​Rodeo T-shirt (1,900 Credits), Cybertruck Socks (1,300 Credits), Cybertruck Hat (1,400 Credits), 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 looks like the credits can also be used for Supercharger miles. Referrals are also entered for annual draws with larger prizes. These drawings will reward people with a VIP tour of Giga Shanghai, a 3/Y RWD model for 12 months, or full self-driving for 24 months.

The Treasure Box announcement comes the same day Tesla lowered prices and just days after it introduced incentives for those who purchased the company’s insurance. Tesla is stepping up its efforts in China as it is currently third in electric vehicles behind BYD Motor and SAIC-GM-Wuling.

A similar referral program may also start appearing in the North American market. Maybe that’s why it’s referenced in the latest Tesla mobile app. As we reported, @TeslaAppUpdates iOS found an interesting code, “Okay, a string that can provide information refer_share_sheet_refer_text”: “Use my referral link to buy a Tesla product and get free credits that you can redeem for rewards such as boost miles, merchandise and accessories.'”

Elon Musk used his experience at X.com to reward users with cash cards for signing up and more cards to refer new users. This method resulted in Tesla’s sponsorship program awarding around eighty Roadsters yet to be produced. The company canceled the program over a year ago, but if China’s treasure box is any indication, the program will be back, albeit with more modest rewards.

By Kevin Armstrong

Tesla FSD Beta 10.69.3 is expected later this week

The suspense continues. The long-awaited Full Self Driving Beta Version 10.69.3 should arrive any day now. Yes, you have already read this. While this may be frustrating for some, it should demonstrate just how important this update is for Tesla. Elon Musk has already declared his confidence in the update and believes that FSD is safer than human drivers.

Musk also announced during the third quarter earnings call that every FSD subscriber in the United States and Canada will have access to the program before the end of the year. This means that the number of FSD vehicles in service is about to skyrocket. With regulators watching the program closely, Tesla has to double-check and triple-check everything. When asked when FSD was coming, Musk tweeted“Next week. This is actually a major release, so a lot more internal testing is needed before moving to public beta.”

Maybe it’s the decimal numbers that put people off. Usually updates with two or more decimal places are small and fix minor bugs or provide access to small improvements. Given the long list of tweets the CEO of Tesla has posted, promising meaningful developments, this update might be better suited to be a new issue, like 11. However, Musk tweeted earlier this month“10.69.3 will actually be a major update. We’re keeping .69 just because haha.”

Many observers were expecting the “major update” shortly after AI Day 2022 on September 30. Unfortunately, FSD improvements played second fiddle to the unveiling of Optimus, the humanoid robot. Nonetheless, it was still impressive for the Autopilot program and the engineers behind the scenes. Tesla Autopilot program manager Ashok Elluswamy said, “The beta FSD software is fully capable of driving the car. It should be able to navigate from parking lot to parking lot, drive around town, stop at traffic lights and stop signs, negotiate objects at intersections, make turns and so on. .”

The FSD 10.69.3 beta has been eagerly awaited every week since, as the tweets continue to pile in. Musk also doubled down on the upcoming FSD’s improvements in the recent earnings call. He is sure that Tesla is well on its way to being fully autonomous and is preparing to challenge regulators to prove that this program will make the roads safer. “Certainly, definitely in my mind, next year. I think we’ll have enough data next year as well to be able to show regulators that the car is safer than the average human,” Musk said.

Release date

Tesla has traditionally released FSD Beta updates towards the end of the week. We may see the first sightings of this beta next weekend when Tesla releases it to employees. Tesla will then slowly release to existing testers.

Other features included

It is almost certain that FSD Beta 10.69.3 will be based on update 2022.28 or 2022.36, which means that it will also bring great features that are outside of FSD Beta.

Features like Tesla Profile synchronization, improved placement of the blind spot camera that was part of 2022.24 and alternate routes, the ability to minimize the Tesla Theater and more.

If FSD Beta 10.69.3 is based on 2022.36, it will include the very popular Energy app improvements, the ability to customize cabin overheat protection, and the ability to view vehicle ETA and details of the media player in the Tesla app.

This is sure to be a big update, not only for the improvements in the FSD beta, but also for all the extra features that beta users have been missing out on over the past two months.

By Kevin Armstrong

Tesla cuts prices in China by 5-10%.

Tesla reversed its latest price hikes across the board in China, cutting the cost of some models by 5-10%.

Last month, the company began offering incentives to those who purchased Tesla’s insurance. Observers believe this could signal the start of the price war in the country as many EV makers vie for the top spot. The implications could be far-reaching as more companies build electric vehicles and a recession looms. Price will be the number one factor for many considering an electric vehicle.

Reuters reports that Tesla said, “it was adjusting prices based on cost. Capacity utilization at its Shanghai Gigafactory has improved, while the supply chain remains stable despite the impact on the economy of China’s strict zero-COVID restrictions, driving down costs. However, the report also claims that retail sales figures are down and demand for electric cars has also slowed.

Interestingly, the price drop was signaled by The paper, a Chinese digital newspaper, a month ago. But the outlet later reported that Tesla China responded to their story saying “Rumors, fake news” and that customer service “did not receive relevant notices.” The drop in prices was remarkably close to the declines announced a month ago.

There has been no speculation of a price cut in North America; in fact, demand remains high with long waiting lists. Elon Musk said on the third-quarter earnings call that he doesn’t see it slowing down. He said every vehicle they make would be sold. However, Elon commented on Twitter in July this year that Tesla may lower prices if “inflation subsides”. We’ll have to wait and see if Tesla cuts prices in other regions.

However, he discussed creating a new vehicle which many believe could be the Model 2. This model should be less expensive, therefore more competitive with companies that offer electric vehicles at cheaper prices.

Price reductions in China

  • Model 3 RWD: reduced by US$1,400
  • Model 3 performance: reduced by $2,500
  • Model Y RWD: reduced by US$2,400
  • Model Y long range: reduced by $5,100
  • Model Y performance: reduced by $2,700

While Tesla is the electric vehicle giant in North America and much of the world, it ranks third in China. BYD Motor and SAIC-GM-Wuling are the leaders in this country, but Tesla is winning. The Shanghai plant is producing 22,000 units a week, a jump of nearly 5,000 since June. The company delivered more than 83,000 vehicles last month, the highest production since the plant opened in 2019.

China Merchants Bank International (CMBI) told Reuters the price cuts highlight the impending recession and industry-wide slowdown that is expected in China’s electric vehicle industry. Shi Ji, analyst at CMBI, said: “The price declines underline the possible price war, which we have been insisting on since August. Some Twitter users are posting screenshots of developing waiting lists in China just hours after the price cut.

Ryan H. Bowman