a method long employed by conventional automakers to increase sales.

The reward is about equal to $500 in cashback, and Tesla branded it "Refer and Earn" on its websites.

Model 3 and Model Y customers in the US will receive a $500 cash rebate.

Amazon launched a new program that enables buyers to receive additional rewards for referring new customers.

Additionally, three months of the Full Self-Driving capability is included in the U.S. incentives.

The initiative was launched in Tesla's most important markets, such as the US, China, Germany, France, Canada, and Mexico.

Employee and loyalty discounts have historically been employed by established automakers to reduce sticker prices.

Up until now, Tesla has concentrated on updating prices that are advertised on its websites in real-time.