> 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.
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.
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.
The other direction is not true: if BTC skyrockets up to $100k/BTC before you ask for a refund, you're getting $50k/USD back.