It was not clear whether all reservations would be made to that entity or whether different States would have different treaties. The model 3 reservation contract specifies that this is not a purchase contract. This is nothing more than an opportunity to conclude a purchase agreement at some point in the future. It states that the booking fee, which is $1,000 in the Us, will be fully refunded if the potential buyer decides to cancel or abandon the booking. It also states that Tesla “may refuse to keep you as the holder of the reservation.” You may want to refrain from saying negative things about Tesla in public to avoid this. If Tesla decides it`s time for you to enter into a valid purchase agreement, it will let you know. If and when it comes time to place an order for a Model 3 and the holder of the reservation decides not to sign a purchase contract, he is entitled to postpone the reservation to a later date. Only one postponement is allowed. Those who want to make a quick profit by selling their early booking should note that it is not transferable.

Tesla predicts that some customers may be bothered by the Model 3 ordering process at some point in the future. There may be delays. The specifications of the car are subject to change. A number of things can happen that could go against a buyer`s expectations at the time of booking. Can you sue Tesla for disappointing you? No, you can`t. Forget it. Over the past few weeks, there has been a lot of discussion about getting a low number of bookings. People are fanatically interested in getting their Model 3 before the federal tax credit for Tesla vehicles expires. Others just want to be the first in their block to own one. Either way, just being the first to line up at your local Tesla store on March 31 won`t necessarily determine your place in the Model 3 booking queue. The booking agreement makes this very clear.

And reservations open Thursday morning, even before the car is unveiled late at night in Hawthorne, California. Potential holders of a Model 3 reservation must accept the Tesla Model 3 reservation agreement on Thursday, whether they wish to make a deposit later in the evening in stores or online. This agreement will then be submitted to the Company along with your deposit. The one-page document is written in standard English and not impenetrable legal German, so congratulations to Tesla for that. Here are some important points included in the agreement that you need to keep in mind. “We will determine your booking sequence position at our sole discretion. We may refuse bookings to avoid excessive subscription or if we deem it appropriate in our sole discretion. If your booking is refused or we decide to cancel your booking, you will be notified and payment for your booking will be refunded.

Make no mistake, Tesla intends to build the Model 3 and many of them. He just wants you to understand that by booking one now, you only have the right to buy something in the future. What this something is to tesla. As all booking fees are fully refundable, you have nothing to lose. You book a ride on the way to the future. Enjoy your trip, but be prepared for a few twists and turns along the way. You understand that Tesla may not have completed the development of the Model 3 or started manufacturing the Model 3 at the time of your reservation. “You understand that Tesla may not have finished developing the Model 3 or started making the Model 3 at the time of your booking. You also acknowledge that if you purchase a Model 3, the Model 3 cannot be delivered to you until the end of 2017 or later. You also agree that we will not keep your booking payment separately or in a trust or trust fund or that we will not pay interest on booking payments. The two-page PDF form found by an electric car enthusiast on the Tesla Motors website is dated March 16. The company has previously said that existing Tesla owners in the Model 3 queue will have a higher priority than new buyers.

The tesla Model 3 reservation contract is available on the company`s website. It`s clear that people who book a Model 3 don`t buy a car. You book a ride on the way to the future. NOT TO BE MISSED: Tesla Model 3: Speculation on versions, batteries, prices, electricity The document in question has an address in Florida below. Some of the most interesting texts can be found in the “Acknowledgements” section, which reads as follows: When you sign your booking contract and hand it over to a Tesla representative or submit it electronically, Tesla wants you to know a few more things. SEE ALSO: How to Book a Tesla Model 3 Online: Details released by the company Now let`s take a first look at the reservation agreement that depositors will have to sign when they deposit $1,000 to secure a spot for future Model 3 production. On Thursday, Tesla Motors CEO Elon Musk will unveil the design of the $35,000, 200-mile electric car the company plans to use to get into selling hundreds of thousands of cars a year. You also agree that we will not keep your booking payment separately or in a trust or trust fund or that we will not pay interest on booking payments. The text, largely legal text about the nature of the document — it`s specifically not a purchase agreement — states that Tesla has “sole discretion” over the priority of orders. In other words, if you are on 31. March or sign on the dotted line at a later date, you should know that the Model 3 is still a work in progress.

What you see at the official unveiling may or may not be the car being built for you in the future. It could have more or less doors. It might sound very different. What you see may not be what you get. We expect enthusiasm for the Tesla Model 3 to lead to a feverish level in the coming week. It should be noted that Tesla Motors will contact the signatory “when the Model 3 enters production” to formalize the order. You also acknowledge that if you purchase a Model 3, the Model 3 cannot be delivered to you until the end of 2017 or later. Thanks when you sign a booking contract. .