# Why are the $1,000 deposits for Tesla Model 3 refundable?

**URL:** <https://community.electricforum.com/t/why-are-the-1-000-deposits-for-tesla-model-3-refundable/5893>\
**Category:** EV Small Talk\
**Created:** [April 2, 2016, 12:30am UTC](https://community.electricforum.com/t/why-are-the-1-000-deposits-for-tesla-model-3-refundable/5893 "2016-04-02T00:30:15Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![EvForum](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.electricforum.com/evforum/32/322_2.png) [@EvForum](https://community.electricforum.com/u/EvForum)\
**Post date:** [April 2, 2016, 12:30am UTC](https://community.electricforum.com/t/why-are-the-1-000-deposits-for-tesla-model-3-refundable/5893/1 "2016-04-02T00:30:15Z")

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It is rumoured that Tesla has taken pre-orders of 200,000 for the Tesla Model 3. However, why is the $1,000 refundable? How many of the 200,000 will actually buy a car? How many have paid the $1,000 just to show friends they are on the list?

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**Author:** ![Greendriver](https://avatars.discourse-cdn.com/v4/letter/g/5f9b8f/32.png) [@Greendriver](https://community.electricforum.com/u/Greendriver)\
**Post date:** [April 6, 2016, 7:43am UTC](https://community.electricforum.com/t/why-are-the-1-000-deposits-for-tesla-model-3-refundable/5893/2 "2016-04-06T07:43:33Z")

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I can only assume this covers the company in case they are not able to deliver on time? However, the company will have access to a massive amount of additional funding in the short term!