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Tesla rolls out customer referral incentive globally as EV price war heats up

21 Sept 05:35 Key points summarised by AI

Tesla revives its global "Refer and Earn" customer referral program to boost EV sales amidst an escalating price war.
The program offers new buyers incentives like cashback (e.g., $500 in U.S., 3,500 yuan in China) and bonus features, such as three months of Full Self-Driving in the U.S.
This aggressive strategy aims to prioritize sales growth and expand market share globally, putting pressure on competitors.
While boosting volumes and leading to record deliveries, analysts express concerns about the potential impact of these incentives and price cuts on Tesla's profit margins.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.