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2024 Tesla Model Y + $7,500 Federal Tax Credit Expired

$40490
$44,990.00
(For Qualified Buyers)
+312 Deal Score
966,436 Views
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member xTorquEx for finding this deal.

Available models:
  • Tesla Model Y (Standard Range) from $40,490
  • Tesla Model Y (Long Range) from $44,990
  • Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140

Original Post

Written by
Edited April 5, 2024 at 11:26 AM by
https://www.tesla.com/inventory/new/my

Tesla is attempting to clear out inventory on existing Model Y. With the instant $7,500 tax credit, this is an up to $12,500 discount on a new Model Y.

Prices seem to be as follows: After the $7,500 credit and new discount, the Model Y RWD starts at $33,890, the Long Range at $37,490, and the range-topping Model Y Performance at $40,690.
in Autos
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Deal
Score
+312
966,436 Views
$40490
$44,990.00

Community Wiki

Last Edited by desi_babu_2010 April 6, 2024 at 08:15 PM
Rebates depend on region. In California, discount is up to $7200 for RWD Y.

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Featured Comments

Ok look...

There's a pattern with Tesla threads here. I don't care if you all wanna discuss the deal or the cars but it always turns into paaaages and paaaages of bickering back and forth and nobody ,except for the few involved, enjoy that or wanna wade through that. So cut that stuff out, please and thank you.
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
FYI just because it says "New" doesn't mean it qualifies for the 7500 tax credit. Demo models are new but do not qualify for 7500. If the specific inventory item qualifies it will directly say it on the site.

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Joined May 2019
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> bubble2 174 Posts
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capon3
04-08-2024 at 11:18 AM.
04-08-2024 at 11:18 AM.
Quote from mattun :
The point was it's 53K for a stupid Honda Pilot. Everything is overpriced now.

And that's why you see 10x more Palisades and Tellurides on the road today. Hands down better suvs plus cheaper.
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Joined Jan 2006
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> bubble2 1,112 Posts
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jeffge
04-08-2024 at 11:19 AM.
04-08-2024 at 11:19 AM.
Was $35.995 last week after rebate for the long range Y, hopefully that deal comes back again. There's hundreds of these parked near my house waiting for a buyer so I would wait for a better deal if I was you
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Joined Oct 2013
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> bubble2 1,119 Posts
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Masaike
04-08-2024 at 11:21 AM.
04-08-2024 at 11:21 AM.
Quote from mustang6x :
You will have to put this information when you file your taxes, so IRS may chase after you 😁
Quote from mustang6x :
You will have to put this information when you file your taxes, so IRS may chase after you 😁
Quote from mustang6x :
You will have to put this information when you file your taxes, so IRS may chase after you 😁
thanks. I did not know that.
so what do you suggest? maybe I should wait to buy a used one, (hopefully used tesla price will further go down)?​
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Joined Nov 2018
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> bubble2 54 Posts
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BraveGuide2493
04-08-2024 at 11:22 AM.
04-08-2024 at 11:22 AM.
Quote from sairamnvp :
Isn't the white included earlier? Now except for Grey every color is 1000 $ or more

Yes, Tesla's free color used to be white, and they changed it to gray. There are many white Tesla's on the road now, and there will be more gray cars in the road to balance them out. I wouldn't be surprised if years later the free color charges again.
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Joined Jun 2020
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> bubble2 38 Posts
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sChAdOw
04-08-2024 at 11:24 AM.
04-08-2024 at 11:24 AM.
I got 03/31 with 40.000$ all include for long range 2024, Car is cool. Now 1000$ more around 41.000$
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> bubble2 15,154 Posts
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Knightshade
04-08-2024 at 11:27 AM.
04-08-2024 at 11:27 AM.
Quote from lilvlovechicken :
I can fit 7 people in the pilot mate. And it's actually reliable and doesn't try to kill you.

Teslas are literally the safest cars on the road, with the lowest chance of occupant injury of any vehicles ever tested by NHTSA.

Further, accident rates using their ADAS systems are much lower than the US fleet in general.



Quote from Masaike :
oh thank you. I did not realize "you can use your last year income or you can use expected income for 2024. No verification needed at the moment of purchase." will someone chase after you when they find out you do not actually qualify for the 7500 immediate discount?
If your income is too high to have qualified for a $7500 POS credit but you took the credit anyway you'll need to write the IRS a check for $7500 (plus potentially interest/penalities)
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cappuccinoman
04-08-2024 at 11:27 AM.
04-08-2024 at 11:27 AM.
Quote from capon3 :
And that's why you see 10x more Palisades and Tellurides on the road today. Hands down better suvs plus cheaper.

You are so right about Palisades and Tellurides. They are at least reasonable in price. Look at Chevy Tahoe. Damn thing is $70k. So damn stupid
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Joined Jun 2013
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> bubble2 1,811 Posts
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koge811
04-08-2024 at 11:28 AM.
04-08-2024 at 11:28 AM.
With auto market like this need to be at 5-10% margins max not 20+30%. Sorry
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Joined Jul 2016
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> bubble2 40 Posts
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Fidoz
04-08-2024 at 11:28 AM.
04-08-2024 at 11:28 AM.
Wait until it's $35k then $7.5k incentive! .. Tesla will continue racking up supply and drop prices
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> bubble2 1,887 Posts
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TurtlePerson2
04-08-2024 at 11:32 AM.
04-08-2024 at 11:32 AM.
Quote from abstraxion :
Still happy about my $29k (post tax credit, no sales tax state) Model 3 RWD purchase in Dec 2023. It feels like a sports car to me and it costs about the same as a Corolla.
That's a slick deal. The sales tax alone is a pretty good deal on a car. Here in Colorado, your car registration is based on the price you pay for the car new, so you'd continue getting a bit more savings for years.
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Joined Apr 2013
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StevenR1200
04-08-2024 at 11:32 AM.
04-08-2024 at 11:32 AM.
But it's so ugly.
Mind you not as ugly as that truck effort.
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Love_Art
04-08-2024 at 11:36 AM.
04-08-2024 at 11:36 AM.
Quote from Plasma99 :
Who's buying Teslas these days? Anytime I see one I assume they either bought it years ago, or they're a trumper.
Lots of Tesla on the highway with Temporary Tag on these days.
What is your point and prove?
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> bubble2 129 Posts
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vincemo22
04-08-2024 at 11:37 AM.
04-08-2024 at 11:37 AM.
Quote from mustang6x :
That's right. We picked up our model y last weekend, 7500 off was applied immediately. What is cool is that you can use your last year income or you can use expected income for 2024. No verification needed at the moment of purchase.

Btw, if anyone wants a referral for free 3 months of FSD - dm me, I can share the code.

I'm confused on one thing. It's stated that the rebate only covers what you owe up to $7,500. If you are purchasing the car based on this years taxes, which aren't filed yet, and receive $7,500 from Tesla, will you owe back the amount that wasn't used assuming you owe taxes?
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