[nightski]

Sure, but from how I interpret the clause it would be the exact same amount of BTC as you put in to purchase it. So it doesn't really matter if it's value relative to USD is less? You are in the same position as if you had not bought the car.

"If you are entitled to a refund of your payment or to a buyback, we reserve the right to refund you either the exact Bitcoin Price that you provided to us at the time of purchase"

Either way you are getting either 1. the exact amount of BTC you put in or 2. the USD value of the car.

[tptacek]

If you buy a car in BTC worth $50k USD at the time of purchase, and, at the time of the refund, the same BTC is worth $75k, they will refund you $50k USD.

If you buy the same car and refund when BTC is worth $25k, they will refund you $25K worth of BTC.

Heads they win, tails you lose.

[nightski]

That's not what the clause says - or at least point to specific phrase. It says if you buy it for 2 BTC they will refund you 2 BTC (assuming they refund BTC).

[dyslexit]

It is what the clause says, you cut it off just before they say it.

> If you are entitled to a refund of your payment or to a buyback, we reserve the right to refund to you either the exact Bitcoin Price that you provided to us at the time of purchase or an amount of US Dollars that is equivalent to the US Dollar price of the product that you purchased, at our sole and absolute discretion, taking into consideration operational efficiency.

[nightski]

"we reserve the right to refund to you either the exact Bitcoin Price that you provided to us at the time of purchase"

Maybe I am misunderstanding this but it clearly says the BTC Price that you provided at the time of purchase. So if you paid 2.150000 BTC for it that is the price you would be refunded?

"or an amount of US Dollars that is equivalent to the US Dollar price of the product that you purchased, at our sole and absolute discretion, taking into consideration operational efficiency"

The second part of the clause refers to the USD refund amount if they choose to refund in USD and has nothing to do with the first part about BTC.

EDIT: I did not miss the either. I understand you can be refunded in BTC OR USD. The entire point was that if you are refunded in BTC it will be for the BTC amount you paid which is in direct contradiction to what tptacek said. It's just wrong.

[dyslexit]

I'm not sure how this can be broken down any more clearly. The customer is always losing money when they ask for a refund if they pay for the Tesla with BTC unless the price of BTC is exactly the same as it was when the purchase is made. Tesla chooses whether it pays the customer back in BTC or USD. It's pretty clear language. There's nothing that tptacek said that is wrong.

[nightski]

The "Bitcoin Price" it is referring to is the amount of BTC paid for the car, not it's value in USD from my understanding. In other words that won't change. If they refund you in BTC you'll get the same amount of BTC back as you paid. That is what contradicts tptacek.

Of course, they could choose to pay you in USD at which point it may be worth less BTC. But you're still receiving back the full dollar amount of the car that you chose to buy. So it would be the same as converting your BTC to cash at the time of car purchase instead of buying a car. There is nothing nefarious or deceptive going on here by Tesla.

[tptacek]

You've apparently missed the word "either" in this clause. They get to pick how they refund.