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expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

$52,990

$52,990

(For Qualifying Buyers)
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Deal Details
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

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12.3K Comments

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Jan 13, 2023 5:25 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Jan 13, 2023 5:25 AM
1.8K Comments

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Quote from bill_tong :
I thought under the new rules the credit was a direct dealer credit, which would apply immediately to the purchase price of the car and not appear as a tax credit that you need to claim back.
This starts in 2024, not this year.
5
1
Jan 13, 2023 5:26 AM
644 Comments
Joined Dec 2014
bill_tongJan 13, 2023 5:26 AM
644 Comments
Quote from triggerhappy007 :
This starts in 2024, not this year.
Thanks
1
Original Poster
Jan 13, 2023 5:27 AM
676 Comments
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 13, 2023 5:27 AM
676 Comments
Quote from Sreeni06 :
There is no way to return? If not registered as well?
You cannot drive the vehicle out of the lot if it is not registered.
2
Jan 13, 2023 5:28 AM
43 Comments
Joined Nov 2013
DnewwenJan 13, 2023 5:28 AM
43 Comments
Quote from jose206 :
Wouldn't cars lose on average around 20% when you drove them of the lot pre pandemic? Wanna say thats what I had heard just cant remember.
That's just means it lost even more value.
Jan 13, 2023 5:28 AM
5.9K Comments
Joined Dec 2008
bluetrepJan 13, 2023 5:28 AM
5.9K Comments

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Damn, I lost $13500
Last edited by bluetrep January 12, 2023 at 09:30 PM.
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3
2
Jan 13, 2023 5:29 AM
644 Comments
Joined Dec 2014
bill_tongJan 13, 2023 5:29 AM
644 Comments
Why are people saying they lost money if they bought their car a month ago. Didn't. Tesla give you $7500 discount plus 10000miles of free super charging ? This was in prep for the tax credits coming in 2023 and to get their sales in 2022.
2
13
Jan 13, 2023 5:29 AM
5.9K Comments
Joined Mar 2004
supernomanJan 13, 2023 5:29 AM
5.9K Comments
Quote from bluetrep :
Damn, I lost $130500
did you buy tesla stock at peak?
12
1

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Jan 13, 2023 5:30 AM
584 Comments
Joined Nov 2011

This comment has been rated as unhelpful by Slickdeals users.

Jan 13, 2023 5:30 AM
422 Comments
Joined Sep 2019
SealTeamSixedJan 13, 2023 5:30 AM
422 Comments
Quote from GreyField2811 :
Used Tesla price drops like shit now.
Don't worry buying the new battery pack will fix that right up.
8
Jan 13, 2023 5:30 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Jan 13, 2023 5:30 AM
1.8K Comments
Quote from superslickz :
So tax break cutoff price is without the delivery and destination charges?
That's what the bill said. Destination charge is not part of the MSRP.
1
Jan 13, 2023 5:30 AM
5.9K Comments
Joined Mar 2004
supernomanJan 13, 2023 5:30 AM
5.9K Comments
Quote from bill_tong :
Why are people saying they lost money if they bought their car a month ago. Didn't. Tesla give you $7500 discount plus 10000miles of free super charging ? This was in prep for the tax credits coming in 2023 and to get their sales in 2022.
And tesla just dropped base model Y 13K and you still get 7500 back during taxes.
2
Jan 13, 2023 5:31 AM
1.4K Comments
Joined Sep 2009

This comment has been rated as unhelpful by Slickdeals users.

Jan 13, 2023 5:32 AM
5.9K Comments
Joined Mar 2004
supernomanJan 13, 2023 5:32 AM
5.9K Comments

Our community has rated this post as helpful. If you agree, why not thank supernoman

Quote from d0min0 :
i just tax loss harvested a shit load of losses back in december for 2022, so much so that i didn't even make shit last year lol. can i still get this EV credit?
As long as you will pay 7500 in taxes in 2023 and under income limits, you would qualify.
2
Jan 13, 2023 5:34 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Jan 13, 2023 5:34 AM
1.8K Comments
Quote from SpaceTime :
I took delivery of Tesla Model Y LR in June 2022. Am I eligible for the tax credit?
No, Tesla got the tax credit back this year with the passing of the IRA.

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Jan 13, 2023 5:35 AM
584 Comments
Joined Nov 2011
SpaceTimeJan 13, 2023 5:35 AM
584 Comments
Quote from triggerhappy007 :
No, Tesla got the tax credit back this year with the passing of the IRA.
ah thanks

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