Common use of Acceptance and Title Transfer Clause in Contracts

Acceptance and Title Transfer. Title to Items will only transfer to Tesla upon acceptance of an Item. Acceptance shall occur only in the event that: (i) Tesla or its designee has received the Items at the specified destination point; and (ii) either (1) Tesla or its designee has entered the Items into Tesla’s internal systems, or (2) a period of five (5) days from the delivery of the Items has elapsed. At any point prior to acceptance, Tesla may reject and return any Items that does not conform to the applicable Specifications and incur no liability or obligation related to such Item. As to Items that are rejected and returned, Tesla may recover and offset or adjust payments in respect of such Items, including any costs or fees related to shipping and insuring such Items.

Acceptance and Title Transfer. Title to Items will only transfer to Tesla upon acceptance of an Item. Acceptance shall occur only in the event that: (i) Tesla or its designee has received the Items at the specified destination point; and (ii) either (1) Tesla or its designee has entered the Items into Tesla’s internal systems, or (2) a period of five (5) days from the delivery of the Items has elapsed. At any point prior to acceptance, Tesla may reject and return any Items that does not conform to the applicable Specifications and incur no liability or obligation related to such Item. As to Items that are rejected and returned, Tesla may recover and offset or adjust payments in respect of such Items, including any costs or fees related to shipping and insuring such Items. [***] Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.