Is the $50k deposit on the base model refundable?

With the model 3, customers could cancel their reservations at any time. $50k for the base model is a lot to put down on a car that isn't built yet, so is it refundable in full?


  • edited November -1
    I assume so although I did not see it mentioned anywhere on the Tesla website.
  • edited November 2017
    I heard that $5000 out of that deposit is non-refundable.
  • edited November 2017
    I’m sorry, that was actually for the Semi, so I don’t know if th deposit is refundable in full.
  • edited November 2017
    Yes, all of it is until you get into a purchase agreement ie make your this is what I read in the purchase agreement docs.
  • edited November 2017
    Quote from the purchase agreement document:

    "Until you enter into a Purchase Agreement, your Reservation may be cancelled at any time, in which
    case you will receive a full refund of your Reservation Payment."
  • edited November -1 -- I was about to quote the same thing as Rutrow.

    I see the link on my M3 reservation page to cancel that order & get a refund. I don't see that on my Roadster reservation page yet, but I'm between the initial credit card charge and having them receive my wire transfer.
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