Summary

At least until a week ago, it was possible to place seemingly an unlimited number of refundable deposits on the Tesla Model 3. I put down 20.

How do we know who are really behind potentially many of the 400,000 or so deposits to date? Is there any way to really know?

If Tesla were to raise new capital in the near future, the entire rationale for it would likely be this magic 400,000 deposit number.

Have the underwriting banks done any forensic due diligence to ensure the origins of the alleged 400,000 deposit number?

The banks on a potential deal could be in mighty hot water if they went forward with this deal without forensically scrubbing the 400,000 number.