Tesla (TSLA) to Lift Cap on Referral Program

Tesla Motors (Nasdaq: TSLA) is uncapping the limit on how many referrals folks will be able to submit to receive a $1,000 bonus from the company.

According to one Reddit user, Tesla CEO Elon Musk sent out the following to owners on Wednesday:

September 2, 2015

As you know, the Model S referral program was designed as an experiment, and so far it seems to be working. So, we’ve decided to remove the 10-referral limit. From now until the end of the program, you can refer as many friends as you’d like. Your link will continue to work until October 31st. What’s more, we’ve added an additional reward: the customer who makes the most referrals by the end of October will be invited to swap their current Model S for a fully loaded Ludicrous P90D Model S, for free. All other terms of the program remain unchanged.

Elon

Below is a screenshot of said email (sorry about formatting, not our email. Right-click and select "view image" to see the entire thing):

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