By siliconindia | Wednesday, 11 June 2025, 02:52:44 PM IST Dream11 CEO Harsh Jain criticized Tesla for refunding his 2017 Model 3 reservation without offering priority or compensation. Jain highlighted that the $1,000 reservation could have grown to ~$20,000 if invested in Tesla stock instead. Tesla cited changes in its product lineup and ongoing delays in its India launch as reasons for canceling early pre-orders. Dream11 CEO Harsh Jain has taken to social media to express his disappointment with Tesla after the company refunded a reservation fee he paid nearly eight years ago for a Model 3. Jain, who reserved the electric vehicle in 2017 by paying $1,000, criticized Tesla for its handling of early Indian pre-orders, following a recent message informing him that the reservation could no longer be fulfilled due to changes in the company’s product lineup. Jain aired his frustration on X (formerly Twitter), directly tagging Elon Musk. “Wow Elon Musk, do you know Tesla is turning ALL its fans and early believers in India into haters?” he wrote. Jain’s main contention was the lack of recognition or priority status for early supporters, despite the long wait and Tesla’s ongoing delays in entering the Indian market. Tesla, in its communication to Jain, explained that it is still finalizing its product offerings for India and has discontinued the original Model 3 variant that Jain had booked. The company stated it would return the reservation amount, but offered no further benefits to early backers. Adding to his disappointment, Jain compared the refund with a hypothetical investment. “Even if I had just invested this $1k in Tesla in March 2017, it would be worth ~$20k now. Way to show fans that Tesla doesn’t care”, he posted. Also Read: Tesla Manufacturing in India Soon: Errol Musk The EV giant has been in extended negotiations with Indian authorities about launching operations, including potential plans for a local factory and supply chain development. However, the official launch has faced multiple setbacks, pushing the anticipated debut to 2025. Jain’s criticism centered on Tesla's decision to cancel reservations without offering compensation or maintaining the priority slots promised to early adopters. “Now that Tesla is FINALLY launching almost 10 YEARS later, they’re only going to refund me $1k and take away my priority slot?” he asked. Tesla has not issued a public response to the remarks. News :