The refund clause matters more than the deposit size: Lotus's £250,000 was refundable, Aspark's reported $1.15 million was not, and De Tomaso's ~35% milestones are non-refundable.
Back to the trend of the day: Tesla plans next-generation Roadster reveal after almost a decade of delays
Poly Rating · from the trend of the day
Tesla Roadster Deposit Refund and Hypercar Waits 2026
Tesla took $50,000 Roadster deposits in 2017 for a car promised in 2020; nine years later no customer has one, Musk now says 2028, and Tesla has reopened reservations at the same $50,000.
- No. 1: De Tomaso P72
- 9 places
- 6 AIs
01Final list
6 AIs each built their own list of ten independently. Here is one result that is easy to check: every place has a reason, a source, and the list of AIs that included it.
A bright badge means this AI put the entry on its list. A dim badge means it did not.
- 1
De Tomaso P72
A late-2020 target turned into a first customer handover in 2026, about 5.5 years late, with deposits around 35% of the price under non-refundable milestones.
Included it: ChatGPT, Kimi. Did not include: Gemini, Claude, Grok, MiMo.In their lists: ChatGPT: 3 · Kimi: 2
What each AI noted 2
- ChatGPTplace 3
A late-2020 delivery plan became a June 2026 first handover; the disclosed deposit is approximately 35% of the purchase price.
Source ↗ - Kimiplace 2
Seven years from $50,000 reservation to first delivery — and while customers waited, the price quietly doubled from €750,000 to €1.6 million.
Source ↗
2 of 6 - 2
Lotus Evija
A refundable £250,000 deposit for 2020 delivery. Jenson Button got the first car in August 2023, but Lotus confirmed deliveries under way only in December 2024.
Included it: ChatGPT, Gemini, Claude, Grok, MiMo, Kimi.In their lists: ChatGPT: 6 · Gemini: 4 · Claude: 4 · Grok: 2 · MiMo: 6 · Kimi: 7
What each AI noted 6
- ChatGPTplace 6
Lotus sought a refundable £250,000 to secure a slot for 2020 delivery; handovers were underway only in 2024.
Source ↗ - Geminiplace 4
Lotus held £250,000 deposits across four years while re-engineering battery software and cooling, delivering chassis #001 to Jenson Button three years after its 2020 target.
Source ↗ - Claudeplace 4
A refundable £250,000 deposit (US $350,000) for 2020 delivery; Lotus announced customer cars in August 2023.
- Grokplace 2
£250,000 deposit secured a slot for a 2020 target; first customer deliveries arrived around 2024 after a four-year delay.
Source ↗ - MiMoplace 6
Unveiled in 2019, production finally began in 2025 — and the $2.4M hypercar still isn't street-legal in the United States
Source ↗ - Kimiplace 7
A £250,000 refundable deposit for a 2020 production start; Jenson Button got car one in August 2023 — and Lotus announced 'deliveries underway' a second time in December 2024.
Source ↗
6 of 6 - 3
Aspark Owl
The largest ask on this list: a reported $1.15 million non-refundable deposit for 2020. Two AIs found no verified handover; one says deliveries began in late 2020.
Included it: ChatGPT, Claude, Grok, Kimi. Did not include: Gemini, MiMo.In their lists: ChatGPT: 1 · Claude: 2 · Grok: 5 · Kimi: 10
What each AI noted 4
- ChatGPTplace 1
An early reported $1.15 million nonrefundable reservation has the largest illustrative bill return here—about $289,751—with no verified handover found for that cohort.
- Claudeplace 2
One report puts the Owl deposit at €1 million, non-refundable, for a first delivery targeted at April 2020 that I could not confirm happened.
Source ↗ - Grokplace 5
Announced with 2020 delivery ambitions; production plans later curtailed amid limited demand for electric hypercars.
Source ↗ - Kimiplace 10
The gutsiest ask in the segment: a $1.15 million non-refundable deposit — yet deliveries began barely two years later, beating bigger names to customers.
4 of 6 - 4
Mercedes-AMG One
Buyers in Australia and New Zealand put down A$500,000 for late-2019 delivery; the first customer car came in January 2023, and U.S. cars were limited to Show-or-Display imports.
Included it: ChatGPT, Gemini, MiMo, Kimi. Did not include: Claude, Grok.In their lists: ChatGPT: 5 · Gemini: 2 · MiMo: 4 · Kimi: 4
What each AI noted 4
- ChatGPTplace 5
Australian and New Zealand buyers reportedly put down A$500,000 for late-2019 local deliveries; the first customer car was handed over in January 2023.
- Geminiplace 2
Tied up €500,000 deposits across five years while engineers struggled to idle an F1 engine at 1,200 rpm, only for American buyers to discover the car could not pass U.S. road certification.
- MiMoplace 4
All 275 cars at $2.72 million sold out in 2017; the first customer waited until January 16, 2023 — about five and a half years
Source ↗ - Kimiplace 4
Six-figure deposits taken at Frankfurt 2017; the first customer car arrived January 2023 — and U.S. buyers got Show-or-Display imports capped at 2,500 miles a year.
4 of 6 - 5
Aston Martin Valkyrie
£500,000 deposits for a 2018–19 target and a first customer car in November 2021 (another source says January 2022). Aston also sued an intermediary over withheld deposits.
Included it: ChatGPT, Gemini, MiMo, Kimi. Did not include: Claude, Grok.In their lists: ChatGPT: 4 · Gemini: 3 · MiMo: 5 · Kimi: 5
What each AI noted 4
- ChatGPTplace 4
A reported £500,000 deposit preceded a first handover in January 2022, about four calendar years after the original 2018 target.
- Geminiplace 3
Demanded £500,000 upfront in 2016 for an Adrian Newey design that weathered five years of management shifts, electrical gremlins, and £42,000 in counterfactual lost interest before late 2021 deliveries.
- MiMoplace 5
Unveiled in July 2016 and only 10 cars reached buyers in late 2021 — enough of a stumble to cost Aston Martin its profit target by £15m
- Kimiplace 5
Deposits from 2016, first customer car November 2021 — and in between, Aston Martin sued its own financing partner over roughly £10 million in missing customer deposits.
Source ↗
4 of 6 - 6
Pininfarina Battista
Targeted for the second half of 2020, with first U.S. handovers in October 2022. A court receiver documents one $200,000 deposit, refunded after cancellation; no standard deposit was published.
Included it: ChatGPT, Claude, Grok, MiMo. Did not include: Gemini, Kimi.In their lists: ChatGPT: 8 · Claude: 5 · Grok: 7 · MiMo: 8
What each AI noted 4
- ChatGPTplace 8
A court receiver documented one $200,000 deposit and its later full refund; first U.S. customer handovers arrived in October 2022.
Source ↗ - Claudeplace 5
Planned for 2020, slipped to 2021, then early 2022. The first U.S. car arrived in October 2022.
- Grokplace 7
Reservations led to first U.S. customer cars in 2022 after development from the late 2010s.
Source ↗ - MiMoplace 8
40% of the 150-car run was reserved before the car even existed — the rare hypercar where demand outran the wait, delivered from 2022
Source ↗
4 of 6 - 7
Koenigsegg Jesko
All 125 slots sold in 2019, and the first production car arrived in mid-2023 against an early-2021 target, on deposits near 20% of a $3 million car.
Included it: Gemini, Grok, Kimi. Did not include: ChatGPT, Claude, MiMo.In their lists: Gemini: 5 · Grok: 8 · Kimi: 6
What each AI noted 3
- Geminiplace 5
Sold out all 125 build slots within days of its 2019 debut, holding $400,000 average deposits for over four years while crafting the revolutionary Light Speed Transmission.
- Grokplace 8
Order books extending multiple years; company has acknowledged multi-year waits for sold-out models.
Source ↗ - Kimiplace 6
All 125 slots sold at the 2019 Geneva show; the first production car reached its dealer in June 2023 — a 4.2-year wait on deposits typically near 20% of a $3M car.
3 of 6 - 8
Hennessey Venom F5
A reported $500,000 commitment from 2017 for a 2019 target, with the first customer car in late 2021. The deposit figure comes from a single source.
Included it: Gemini, Claude, Grok. Did not include: ChatGPT, MiMo, Kimi.In their lists: Gemini: 6 · Claude: 9 · Grok: see list
What each AI noted 3
- Geminiplace 6
Took $500,000 commitments at the 2017 SEMA show on the promise of 300 mph, taking four full years and $29,000 in counterfactual interest before customer chassis #01 was handed over.
- Claudeplace 9
All 24 coupes sold out by August 2021, with deliveries running 2021–2023, a short wait next to the electric programs.
Source ↗ - Grok
Named differently in its own list: open the full list.
see list
3 of 6 - 9
Gordon Murray Automotive T.50
Deposits reported at £600,000 and delivery about 14 months late, but the wait paid off: chassis 009 later sold at auction for $8,035,000.
Included it: Gemini, Kimi. Did not include: ChatGPT, Claude, Grok, MiMo.In their lists: Gemini: 8 · Kimi: 9
What each AI noted 2
- Geminiplace 8
Required £600,000 upfront to fund Murray's naturally aspirated fan-car dream, delivering the 12,100-rpm V12 in March 2023 after 14 months of timeline slip.
- Kimiplace 9
Sold out in 48 hours at £2.36M in August 2020 with reported £600,000 deposits; deliveries ran from 2023 — and the wait paid: cars now auction near $8 million.
Source ↗
2 of 6
02Worth knowing
What the AIs noticed while building the list.
Tesla's written terms and its practice differ: the agreement promises a full refund, but there is no cancel button, and Sam Altman's refund reportedly went through only after he complained publicly.
Not every wait loses: McLaren's Speedtail took reservations in 2018 and delivered in February 2020, essentially on schedule.
03Questions people ask
Did Tesla refund Roadster deposits?
Yes, in documented cases, but slowly. Marques Brownlee got his $45,000 first and the $5,000 about a week later after days of calls, and Electrek corrected its report that Tesla kept the $5,000.
Source ↗Is the Tesla Roadster deposit refundable?
Yes. Tesla's terms allow a full refund of the $50,000 reservation until a Motor Vehicle Purchase Agreement is signed, though you have to contact Tesla directly because there is no cancel button.
Is the Tesla $250 deposit refundable?
Generally no. The $250 order fee on regular Tesla models is treated as non-refundable under the order agreement. It should not be confused with the $250,000 Roadster Founders Series or Thrust payment.
Source ↗Will Tesla refund a deposit?
For the Roadster, the contract says yes before a purchase agreement is signed. Sam Altman's $50,000 was reportedly refunded within 24 hours, but only after his complaint went public.
Source ↗04How we counted
In plain words, no formulas.
1The question
Top 10 Hypercar Reservation Waits and the Cost of Tying Up a Deposit
2Why this topic
Readers can compare elapsed waits with the capital each buyer had to commit, which a delivery timeline alone cannot show.
3Where it applies
Hypercar programs with a documented reservation payment and original delivery target
4What we looked at
- Compare the first promised delivery date with a verified customer handover, or mark a still-open wait clearly.
- Show the required deposit and calculate the return it could have earned using Treasury bill rates over the same period.
- Show refund terms and any documented refund friction separately from the financial calculation.
- Automaker reservation terms and delivery announcements — Deposit amounts, refund language, first promised delivery targets and verified first customer handovers.
- Federal Reserve Bank of St. Louis (FRED DTB3) — The daily three-month Treasury bill rate, used to estimate what the deposit could have earned over the same period. This is a gross, illustrative counte
- Refund-friction reporting (Electrek, Autopian, SlashGear) — Documented cancellation experiences, kept separate from contract terms and from the interest estimate.
5Who ranked
6 AIs, each building its own list of ten independently and naming a source for every place: ChatGPT, Gemini, Claude, Grok, MiMo, Kimi.
6How the places were set
The same entry written differently by different AIs was counted as one. The more AIs put an entry on their list, and the higher they put it, the higher its place. "AI agreement" shows how many of the AIs had it on their own list. Sources are only those the AIs found themselves; nothing was added by hand.
05Each AI's own list
🇺🇸 ChatGPT10 places · 2 notes
The same question, answered by ChatGPT alone. The final list above combines all the AIs.
- 1Aspark Owl
An early reported $1.15 million nonrefundable reservation has the largest illustrative bill return here—about $289,751—with no verified handover found for that cohort.
- 2Tesla Roadster (second generation)
The $50,000 reservation opened in 2017 for a 2020 car; almost nine years later there is still no customer handover.
- 3De Tomaso P72
A late-2020 delivery plan became a June 2026 first handover; the disclosed deposit is approximately 35% of the purchase price.
Source ↗ - 4Aston Martin Valkyrie
A reported £500,000 deposit preceded a first handover in January 2022, about four calendar years after the original 2018 target.
- 5Mercedes-AMG One
Australian and New Zealand buyers reportedly put down A$500,000 for late-2019 local deliveries; the first customer car was handed over in January 2023.
- 6Lotus Evija
Lotus sought a refundable £250,000 to secure a slot for 2020 delivery; handovers were underway only in 2024.
Source ↗ - 7Hennessey Project Deep Space
Its refundable $100,000 reservation has an illustrative $21,400 bill return, while the six-wheel hyper-GT remained on hold.
- 8Pininfarina Battista
A court receiver documented one $200,000 deposit and its later full refund; first U.S. customer handovers arrived in October 2022.
Source ↗ - 9Hennessey Venom F5 Roadster
Its published order letter required $300,000; a customer Roadster was delivered in May 2023, close to the early-2023 target.
- 10Bugatti Chiron
The €200,000 reservation preceded March 2017 customer handovers—a shorter wait and roughly €459 of illustrative bill return from the dated reservation report.
Source ↗
What ChatGPT noticed
The Aspark Owl's reported reservation amount changed sharply: $1.15 million in 2018 versus a reduced €50,000 offer in 2020, so a single 'Owl deposit' figure hides different cohorts.
Lotus's refundable £250,000 Evija deposit and Hennessey's $300,000 Roadster order letter illustrate why refund rights need to be read separately from deposit size.
🇺🇸 Gemini10 places
The same question, answered by Gemini alone. The final list above combines all the AIs.
- 1Tesla Roadster (Gen 2)
An upfront $250,000 Founders Series deposit tied up capital for nine full years—surpassing $61,500 in forgone Treasury yield—as the original 2020 target stretched indefinitely past 2026.
- 2Mercedes-AMG ONE
Tied up €500,000 deposits across five years while engineers struggled to idle an F1 engine at 1,200 rpm, only for American buyers to discover the car could not pass U.S. road certification.
- 3Aston Martin Valkyrie
Demanded £500,000 upfront in 2016 for an Adrian Newey design that weathered five years of management shifts, electrical gremlins, and £42,000 in counterfactual lost interest before late 2021 deliveries.
- 4Lotus Evija
Lotus held £250,000 deposits across four years while re-engineering battery software and cooling, delivering chassis #001 to Jenson Button three years after its 2020 target.
Source ↗ - 5Koenigsegg Jesko
Sold out all 125 build slots within days of its 2019 debut, holding $400,000 average deposits for over four years while crafting the revolutionary Light Speed Transmission.
- 6Hennessey Venom F5
Took $500,000 commitments at the 2017 SEMA show on the promise of 300 mph, taking four full years and $29,000 in counterfactual interest before customer chassis #01 was handed over.
- 7Rimac Nevera (C_Two)
Secured €300,000 per build in March 2018, holding the funds for 4.4 years through rigorous 45-vehicle crash testing before delivering car #001 to Nico Rosberg.
- 8Gordon Murray Automotive T.50
Required £600,000 upfront to fund Murray's naturally aspirated fan-car dream, delivering the 12,100-rpm V12 in March 2023 after 14 months of timeline slip.
- 9Delage D12
A $300,000 deposit on a tandem-cockpit French hypercar sat through 3.5 years of development, forfeiting $28,200 in Treasury returns before its early 2024 handover.
- 10SSC Tuatara
Ended a wait that began with an initial 2011 concept by handing over chassis #01 in January 2020, though top-speed controversies forced buyers to wait until 2022 for validated speed runs.
🇺🇸 Claude10 places · 1 notes
The same question, answered by Claude alone. The final list above combines all the AIs.
- 1Tesla Roadster, second generation (2017 reservations)
A $50,000 deposit, promised for 2020 and still unbuilt: Tesla now says it will build the car in 2028, 8 years after the original date.
Source ↗ - 2Aspark Owl (2020 target)
One report puts the Owl deposit at €1 million, non-refundable, for a first delivery targeted at April 2020 that I could not confirm happened.
Source ↗ - 3Tesla Semi (2017 reservations)
Reserved in 2017 for 2019 production, first delivered to PepsiCo on December 1, 2022, three years late.
- 4Lotus Evija
A refundable £250,000 deposit (US $350,000) for 2020 delivery; Lotus announced customer cars in August 2023.
- 5Pininfarina Battista
Planned for 2020, slipped to 2021, then early 2022. The first U.S. car arrived in October 2022.
- 6Rimac Nevera
150 cars said to sell out in three weeks after the 2018 reveal, delayed by the pandemic, with the first U.S. customer car arriving in June 2023.
Source ↗ - 7Tesla Cybertruck (2019 reservations)
A $100 refundable reservation that waited about two years past 'late 2021': it would have earned about $7 in T-bills.
- 8Aptera (current program)
49,300 reservation holders on June 30, 2026, a $100 refundable fee, and deliveries now pegged to early 2027 'subject to financing'.
Source ↗ - 9Hennessey Venom F5
All 24 coupes sold out by August 2021, with deliveries running 2021–2023, a short wait next to the electric programs.
Source ↗ - 10Lucid Air Dream Edition
A $7,500 refundable reservation that turned into a car on October 30, 2021, the one program here where the wait clearly paid off.
Source ↗
What Claude noticed
Tesla reopened Roadster deposits at $50,000 and $250,000 before the car had been shown, and then on Oct 15, 2026 gave a build date of 2028. Specs changed too, from 1.9 s and 620 miles to about 1 s and 300 miles.
🇺🇸 Grok10 places · 4 notes
The same question, answered by Grok alone. The final list above combines all the AIs.
- 1Tesla Roadster (second generation)
Nine years and counting on $50,000–$250,000 deposits with zero customer cars delivered and documented refund friction.
- 2Lotus Evija
£250,000 deposit secured a slot for a 2020 target; first customer deliveries arrived around 2024 after a four-year delay.
Source ↗ - 3Koenigsegg Gemera
Unveiled in 2020; first customer car delivered in 2026 after a six-year development cycle.
Source ↗ - 4Bugatti Tourbillon
250 slots sold out before first customer deliveries (expected 2026), with the order book extending to 2029.
Source ↗ - 5Aspark Owl
Announced with 2020 delivery ambitions; production plans later curtailed amid limited demand for electric hypercars.
Source ↗ - 6Rimac Nevera
Deposits taken years before first customer cars; first U.S. handover in June 2023 after regulatory clearance.
- 7Pininfarina Battista
Reservations led to first U.S. customer cars in 2022 after development from the late 2010s.
Source ↗ - 8Koenigsegg Jesko / CC850 backlog
Order books extending multiple years; company has acknowledged multi-year waits for sold-out models.
Source ↗ - 9Bugatti Bolide
Track-focused limited run with customer cars entering testing and delivery phases after extended development.
Source ↗ - 10Tesla Roadster (reopened 2026 reservations)
New $50,000 deposits taken in September 2026 before the production reveal, while 2017 holders were still waiting.
Source ↗
What Grok noticed
A $250,000 Tesla Roadster Founders Series deposit held since late 2017 is estimated to have forgone roughly $65,000 in 3-month Treasury bill interest.
High-profile refund requests (Sam Altman, Marques Brownlee) encountered dead email addresses or initial partial refunds before resolution.
Lotus Evija's £250k deposit for a 2020 target became a roughly four-year wait before first customer handovers.
Bugatti's Tourbillon sold out its 250 slots with deliveries starting in 2026 and the order book reaching 2029.
🇨🇳 MiMo10 places · 2 notes
The same question, answered by MiMo alone. The final list above combines all the AIs.
- 1Tesla Roadster (2nd gen, 2017 reservation)
Nine years after the 2017 reveal and five missed delivery targets, the $50,000 deposit still has no car — Musk says production starts in 2028
Source ↗ - 2Tesla Roadster Founder's Series / Thrust (2017 & 2026)
The 1,000 Founder's Series buyers paid $250,000 up front in 2017 — the largest documented prepayment in this ranking, still unfulfilled
- 3Koenigsegg Gemera (2020 reservation)
C/D's own headline: production finally started in 2026 after a six-year wait — and the promised 3-cylinder was cancelled along the way
Source ↗ - 4Mercedes-AMG One (2017 Project One)
All 275 cars at $2.72 million sold out in 2017; the first customer waited until January 16, 2023 — about five and a half years
Source ↗ - 5Aston Martin Valkyrie (AM-RB 001, 2016)
Unveiled in July 2016 and only 10 cars reached buyers in late 2021 — enough of a stumble to cost Aston Martin its profit target by £15m
- 6Lotus Evija (2019)
Unveiled in 2019, production finally began in 2025 — and the $2.4M hypercar still isn't street-legal in the United States
Source ↗ - 7Rimac Nevera (2018 C_Two)
Revealed as the C_Two in 2018, first delivery August 2022 — but by May 2024 only 50+ of 150 cars had shipped, a slower pace than promised
Source ↗ - 8Pininfarina Battista (2019)
40% of the 150-car run was reserved before the car even existed — the rare hypercar where demand outran the wait, delivered from 2022
Source ↗ - 9Rimac Nevera R Founder's Edition (2024)
Ten Founder's Edition cars sold out immediately in 2025 — the short-wait counterexample to every other reservation on this list
Source ↗ - 10Aston Martin Valkyrie Spider (2021)
Announced August 2021 and twice oversubscribed — buyers queued for a roofless version of a car whose coupe sibling had already missed its delivery window
Source ↗
What MiMo noticed
The Roadster's range promise quietly halved. Tesla quoted 620 miles in 2017; the Oct 15, 2026 reveal lists 300 miles for every trim. Meanwhile the claimed 0–60 dropped from 1.9 s to 0.81 s with thrusters — the goalposts moved in opposite directions.
The Roadster is not alone: the Koenigsegg Gemera waited six years (2020→2026) and lost its promised 3-cylinder engine along the way. Hypercar reservation holders routinely fund development and then get a different car than the one they reserved.
🇨🇳 Kimi10 places · 2 notes
The same question, answered by Kimi alone. The final list above combines all the AIs.
- 1Tesla Roadster (2nd generation, 2017– )
Nine years, six production slips and $250,000 Founders deposits — and after last night's stunt show the wait is officially extended to 2028, with Tesla collecting fresh $50,000 reservations.
Source ↗ - 2De Tomaso P72 (2019–2026)
Seven years from $50,000 reservation to first delivery — and while customers waited, the price quietly doubled from €750,000 to €1.6 million.
Source ↗ - 3Faraday Future FF 91 (2017–2023)
Revealed at CES 2017 with a 2018 target and a refundable deposit; the first 'spire user' got keys in August 2023 — 6.6 years later, in a handover so wrapped in marketing that C/D asked if the car was actually sold.
Source ↗ - 4Mercedes-AMG One (2017–2023)
Six-figure deposits taken at Frankfurt 2017; the first customer car arrived January 2023 — and U.S. buyers got Show-or-Display imports capped at 2,500 miles a year.
- 5Aston Martin Valkyrie (2016–2021)
Deposits from 2016, first customer car November 2021 — and in between, Aston Martin sued its own financing partner over roughly £10 million in missing customer deposits.
Source ↗ - 6Koenigsegg Jesko (2019–2023)
All 125 slots sold at the 2019 Geneva show; the first production car reached its dealer in June 2023 — a 4.2-year wait on deposits typically near 20% of a $3M car.
- 7Lotus Evija (2019–2024)
A £250,000 refundable deposit for a 2020 production start; Jenson Button got car one in August 2023 — and Lotus announced 'deliveries underway' a second time in December 2024.
Source ↗ - 8Rimac Nevera (2018–2022)
C_Two deposits from 2018, car #001 to Nico Rosberg in August 2022 — a 4-year wait, but it delivered as the fastest-accelerating road car ever measured (1.74 s).
- 9Gordon Murray Automotive T.50 (2020–2023)
Sold out in 48 hours at £2.36M in August 2020 with reported £600,000 deposits; deliveries ran from 2023 — and the wait paid: cars now auction near $8 million.
Source ↗ - 10Aspark Owl (2018–2020)
The gutsiest ask in the segment: a $1.15 million non-refundable deposit — yet deliveries began barely two years later, beating bigger names to customers.
What Kimi noticed
The counterexample: McLaren Speedtail took reservations in 2018 at £1.75M and delivered in February 2020, essentially on schedule — proof that hypercar deposits can work when the program is funded and finished before it's sold.
Waiting can pay in-kind: Gordon Murray T.50 depositors waited ~3 years, but cars that cost £2.36M now trade around $8M — the reservation itself became the investment.