Hello and welcome to the Thursday January 17th 2019 edition of Tesla Daily on

official Tesla Podcast. My name is Rob

Maower. Today we are talking about a tweet from Elon Musk where he claims

that Tesla will be ending its referral program on February 1st, 2019. Tesla's talk on the NASDAQ up 0.71%. The big news of the day today comes as it so often does from

Elon Musk's Twitter account he tweeted last night, quote, the Tesla customer referral

program will end on February 1st.

If you want to refer a friend to buy a Tesla

and give them six months of free supercharging,

please do so before then.

End quote.

In a follow-up tweet, Elon also clarified to someone asking if there would be another referral program that, quote, no, the whole referral incentive system will end.

End quote.

The reasoning behind this is that according to Elon it is quote adding too much cost to

the cars especially model three end quote. Okay so this is the second I guess

anti-demand lever that we've seen pulled in the last week or so.

Obviously the first of which was the removal of the 75 kilowatt hour battery pack options

from SNX. Those both stack on top of the reduction in the federal US tax credit from 7500 to 3750.

Tesla offset about half of that with price reductions, but still a net cost increase to consumers,

most consumers buying that vehicle.

So stacking all of that up, something has got to give something

has got to change here and it's got to happen relatively soon because I don't think they can

sit out there with the model SNX, 100 kilowatt hour pack only,

...