Report: almost 25% of Tesla Motors Model 3 pre-orders have been refunded

Tesla raked in hundreds of thousands of pre-orders for its Model 3 after it unveiled the vehicle in 2016, but a report from analytics firm Second Measure shows that a good chunk of US pre-orders have since been refunded. As of April, the company's analysis shows that 23 percent of those who placed a pre-order in the US have had their $1,000 deposit refunded. A Tesla spokesperson told Recode that Second Measure's findings didn't match the automaker's own numbers, but declined to say by how much they were off. However, last August, Tesla CEO Elon Musk announced that 12 percent of reservations had been cancelled at the time data that aligned with Second Measure's analysis.