Tesla's Increasing Amount of Model 3 Reservation Refunds

Over two years ago, hundreds of thousands of people put down $1,000 deposit to order their very own Tesla Model 3 with the hoping of getting it in 2018. Flash forward to now and a growing number of those have been asking for their money back.

Second Measure, a company that analyzes billions of dollars in anonymized credit and debit card purchases to determine various trends said in a post today that 23 percent of reservation-holders have asked for a refund as of April, a noticeable increase from 12 percent last August. Contrast this with only 8 percent of holders that have configured a Model 3 for production. The remaining 69 percent is a mixture of those waiting for their turn to configure their vehicle and those who are waiting for a refund - numbers Tesla only knows.

A Tesla spokesperson told Recode that their internal data "does not align" with Second Measure's data, but would not go into specifics into as to how far off.

Tesla has been struggling with Model 3 production for some time, pushing back production targets several times. At the moment, Tesla is targeting "approximately 5,000 Model 3's per week in about two months."

Source: Recode, Second Measure