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

$40490
$44,990.00
(For Qualified Buyers)
+312 Deal Score
965,894 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
965,894 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 Sep 2009
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> bubble2 15,154 Posts
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Knightshade
04-15-2024 at 10:10 AM.
04-15-2024 at 10:10 AM.
Quote from mattun :
2024 and beyond
Just show you owed 75 Jelly Beans or more last year and you get your Jelly Beans up front.

This is still incorrect though.

2024 and onward, for point of sale credit, the # of jellybeans you owed any year is irrelevant

You get the full 75 beans up front.

When you file your taxes, as long as you're not over the max income limit, you're done. You got 75 beans of benefit regardless of how many you owed at any point

If you're over the max income limit you owe the IRS all 75 beans back- possibly with interest or penalties.
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Shemomedjamo
> bubble2 11,479 Posts
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TekkenLord
04-15-2024 at 10:36 AM.
04-15-2024 at 10:36 AM.
With the latest job cut, how would Tesla keep up with service?
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> bubble2 118 Posts
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mattun
04-15-2024 at 10:39 AM.
04-15-2024 at 10:39 AM.
Quote from Knightshade :
This is still incorrect though.

2024 and onward, for point of sale credit, the # of jellybeans you owed any year is irrelevant

You get the full 75 beans up front.

When you file your taxes, as long as you're not over the max income limit, you're done. You got 75 beans of benefit regardless of how many you owed at any point

If you're over the max income limit you owe the IRS all 75 beans back- possibly with interest or penalties.
Oh yeah, good point. Little Billy and Little Suzie can raise their Jelly Bean cap by getting married too if they can put up with the cooties.
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> bubble2 431 Posts
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DC13
04-15-2024 at 10:51 AM.
04-15-2024 at 10:51 AM.
Quote from spaceistheplace :
Got a 2003 corolla with oil leak rear main seal and radiator going. Thinking of leasing Y long range. Would give me 3 years to decide what to buy vs paying to repair corolla. Any opinions about the vehicle colors one way or the other? Looks like grey has no upcharge. Definitely want the home charger right ?
Buy a Corolla hybrid and call it a day. A Tesla will be done in 5 years. Your corolla that you have is 21 years old. Think about the longevity, not the gimmicks and stupid subpar ipad with electronic door handles that trap people in the cars. I would never put people I love in a Tesla.
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mattun
04-15-2024 at 10:57 AM.
04-15-2024 at 10:57 AM.
Quote from DC13 :
Buy a Corolla hybrid and call it a day. A Tesla will be done in 5 years. Your corolla that you have is 21 years old. Think about the longevity, not the gimmicks and stupid subpar ipad with electronic door handles that trap people in the cars. I would never put people I love in a Tesla.
Also be sure to figure out how much you've spent on gas and bridge toll the past 21 years with that Corolla. That's why I switched.
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> bubble2 15,154 Posts
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Knightshade
04-15-2024 at 10:57 AM.
04-15-2024 at 10:57 AM.
Quote from TekkenLord :
With the latest job cut, how would Tesla keep up with service?

The same way they did with similar cuts every couple years previous?

They lay off like 7-10% of current staff no longer needed or with overlapping jobs every few years-- total headcount keeps increasing as they hire for new needed jobs however.

Why would you assume the cuts are to service, specifically, in any significant way?


https://money.cnn.com/2018/06/12/...index.html
2018, 9% staff cuts

https://www.teslarati.com/tesla-m...e_vignette
2019 7% staff cuts

https://www.businessinsider.com/t...022-6?op=1
2022 10% staff cuts
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TimN5061
04-15-2024 at 11:12 AM.
04-15-2024 at 11:12 AM.
FYI as of today 4/15 majority of the inventory sales have ended. Likely the next discount will be end of June to pump Q2 numbers
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> bubble2 431 Posts
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DC13
04-15-2024 at 11:13 AM.
04-15-2024 at 11:13 AM.
Quote from mattun :
Also be sure to figure out how much you've spent on gas and bridge toll the past 21 years with that Corolla. That's why I switched.
If a person doesn't have home charging, think about electricity charges at fast chargers being MORE EXPENSIVE. Think about Teslas being the fastest depreciating vehicles ON THE MARKET. Tesla insurance is about 3x more expensive than any other vehicles (Tesla issue being impossible to fix and higher rates of accidents due to distracted driving).
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56XNO
04-15-2024 at 11:24 AM.
04-15-2024 at 11:24 AM.
"First they ignore you, then they laugh at you, then they fight you, then you win."

Tesla is at stage 3. Tesla obviously is winning the race.
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> bubble2 3,370 Posts
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spaceistheplace
04-15-2024 at 11:38 AM.
04-15-2024 at 11:38 AM.
Quote from mattun :
Also be sure to figure out how much you've spent on gas and bridge toll the past 21 years with that Corolla. That's why I switched.

All those things definitely factor in. Safety of the Y is a big plus for us. Also willing to just do a three-year lease because the technology is changing so quickly and so much we kind of figure at the end of three years. We will know what direction we want to go in for the long-term. But it looks like the damn price went up overnight?
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mattun
04-15-2024 at 11:47 AM.
04-15-2024 at 11:47 AM.
Quote from spaceistheplace :
All those things definitely factor in. Safety of the Y is a big plus for us. Also willing to just do a three-year lease because the technology is changing so quickly and so much we kind of figure at the end of three years. We will know what direction we want to go in for the long-term. But it looks like the damn price went up overnight?
Yeah, I never even considered a lease before this year. It actually makes a lot of sense with EVs because you usually get the $7500 fed rebate applied to even non-US EVs and essentially kick the can down the road if you have any reservations about this generation. I think the goal with EVs is only to buy if you intend to drive until the wheels fall off because they depreciate as fast as luxury cars, so buying and flipping in 3 years is probably costing you more than a lease. For me, I saw them go from 100 mile range/small car/4 hour charges/0-60 in 7 seconds to 300 mile/SUV/15 minute 20-80% charge/0-60 in 4 seconds the past decade. So the sweetspot is now for my purposes and I don't want to wait around for 500 mile range solid state batteries to drop in price by 60% and don't care if everything is on the Tesla network since I charge at home.
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TekkenLord
04-15-2024 at 11:58 AM.
04-15-2024 at 11:58 AM.
Quote from Knightshade :
The same way they did with similar cuts every couple years previous?

They lay off like 7-10% of current staff no longer needed or with overlapping jobs every few years-- total headcount keeps increasing as they hire for new needed jobs however.

Why would you assume the cuts are to service, specifically, in any significant way?
No, I did not assume that the cut is in the Service Department. I simply asked if the Service quality for the Tesla cars will remain at least the same (unsure about better) after the cut. If I am going to buy an EV, I would want to ensure I have a quality service as I never own one.

Tesla's top engineering executive Drew Baglino leaves in massive leadership loss
https://electrek.co/2024/04/15/te...ship-loss/
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Last edited by TekkenLord April 15, 2024 at 01:22 PM.
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Shopoutin
04-15-2024 at 12:37 PM.
04-15-2024 at 12:37 PM.
Quote from TimN5061 :
FYI as of today 4/15 majority of the inventory sales have ended. Likely the next discount will be end of June to pump Q2 numbers
How do you know this?
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Shopoutin
04-15-2024 at 01:28 PM.
04-15-2024 at 01:28 PM.
Quote from TimN5061 :
FYI as of today 4/15 majority of the inventory sales have ended. Likely the next discount will be end of June to pump Q2 numbers
How do you know this?
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DC13
04-15-2024 at 01:31 PM.
04-15-2024 at 01:31 PM.
Quote from Knightshade :
The same way they did with similar cuts every couple years previous?

They lay off like 7-10% of current staff no longer needed or with overlapping jobs every few years-- total headcount keeps increasing as they hire for new needed jobs however.

Why would you assume the cuts are to service, specifically, in any significant way?


https://money.cnn.com/2018/06/12/...index.html
2018, 9% staff cuts

https://www.teslarati.com/tesla-m...e_vignette
2019 7% staff cuts

https://www.businessinsider.com/t...022-6?op=1
2022 10% staff cuts

Tesla getting ready to go out of business and shrink operations.
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