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Title : Tesla Sending Our Cancellation Refunds In "Batches"; The Political Page, T+192 -- July 31, 2017
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Tesla Sending Our Cancellation Refunds In "Batches"; The Political Page, T+192 -- July 31, 2017

From Tesla: they are receiving a lot of cancellations from folks who reserved a Model 3 for $1,000. The company is, apparently, admitting that ... as an explanation why refunds are so slow. They can't keep up with all the cancellations. From Wired:

Chitti cancelled his reservation on May 17, 2017. He says he was tired of waiting and frustrated by Tesla's lack of transparency.

Yet more than two months later, he hasn't received his refund. "

Every time I reach out I get the same explanation: They have a lot of cancellations to process, they'll prioritize my request, and that my refund should go out in the next batch," he says.

His experience is not unique. Many deposit holders have taken to Twitter to complain to Musk directly about their late refunds.

In a poll posted to the popular Tesla Motors Forum, a majority of respondents reported waiting more than a month to receive their reimbursement. On other message boards, claims of 5-, 6-, and 7-week waits are common, and many say they’ve held out even longer.

“It has been three months,” wrote /r/teslamotors user UnDosTresPescao on Reddit on July 3. “I have called/emailed them several times over the last month and a half asking about status.

Every time they ask for my address and say that a check will be promptly on its way. The check never comes.”This seems as good a place as any to disclose that I, too, was once a Model 3 reservation holder. I cancelled my deposit in April, when an honest evaluation of my transportation needs forced me to concede that the last thing I need in life is a new car. Tesla took just shy of three months to refund my deposit, which I received soon after the company caught wind of me reporting this piece.

I saw a clip of the Tesla event delivering the 30 new cars (to its employees) -- someone once said the Saturn automobile was the ugliest vehicle ever produced -- I did not agree -- but the Tesla Model 3 looked almost identical to the Saturn from 100 yards away. 

Tesla's earnings call is this week. If analysts don't ask the question and if Tesla is not forthcoming with actual numbers, I will be quite disappointed.

If refunds are going out in "batches," one wonders how many refund checks are in each batch?

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