tesla Model 3 invite

In a blog post today, Tesla released all the details on how to reserve a Model 3 on March 31st, including the deposit required depending on your country and currency.

Tesla reiterated that reservation starts on March 31st worldwide in store, while it first said that it will be starting at 10am Pacific (5pm UTC), now the automaker wrote that it will take reservations when the stores open – you can check your local store business hours here. Online reservation will start at 8:30pm (3:30am UTC) at the same time that the livestream of the event will start.

The online reservations will be available on the automaker’s newly acquired domain Tesla.com, which currently simply redirect to Teslamotors.com.

The most interesting bit of information Tesla confirmed today is the deposit amount for each country/currency. Tesla CEO Elon Musk already confirmed the surprisingly low amount of $1,000 USD, but it wasn’t clear how Tesla would handle the exchange rates. Here’s the full list:

Currency Amount
USD $ 1,000
CAD $ 1,000
MXN $ 20,000
EUR € 1.000
DKK kr. 10.000
GBP £ 1,000
NOK kr. 10.000
CHF CHF 1’000
SEK 10.000 kr
AUD $ 1,500
RMB ¥ 8,000
HKD $ 10,000
JPY ¥ 150,000

The deposits are of course fully refundable as per Tesla’s policy.

Tesla also offered a few more details about the reservation queue order:

In order to be as fair as possible, there will be a different queue for each region. And as a thank you to our current owners, existing customers will get priority in each region, meaning that the fastest way to own a Model 3 is to own a Model S or Model X.

Tesla also released its full Model 3 Reservation Agreement:

[slideshare id=59823251&doc=model3reservationagreement-160321134102&type=d]

The Model 3 unveiling will take place at Tesla’s Design Studio in Hawthorne, California, on March 31st at 8:30pm Pacific.

FTC: We use income earning auto affiliate links. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

About the Author

Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com

Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.