Tesla's deposits can be refunded for any reason up until the car starts being produced. So all of those Model 3 reservations are refundable. And some people who

Tesla's deposits can be refunded for any reason up until the car starts being produced. So all of those Model 3 reservations are refundable. And some people who wanted for a long time in the queue for Model S or Model X changed their minds (or got tired of waiting) and got refunds.