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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 6:11 AM
338 Comments
Joined Dec 2006
kenfusedJan 13, 2023 6:11 AM
338 Comments
Quote from SpaceTime :
I took delivery of Tesla Model Y LR in June 2022. Am I eligible for the tax credit?
No Teslas qualified in 2022
Jan 13, 2023 6:11 AM
6.3K Comments
Joined Jul 2008
hanabieJan 13, 2023 6:11 AM
6.3K Comments
Before you buy, make sure you understand that the threshold is $55k.

The performance model is not eligible.
2
Jan 13, 2023 6:11 AM
6.3K Comments
Joined Jul 2005
Mike_HawkJan 13, 2023 6:11 AM
6.3K Comments
Oh FFS, it even made FP on SD? laugh out loud

I'm proper F'd trying to sell my '18 3 Performance now. Lovely.
1
1
Jan 13, 2023 6:14 AM
226 Comments
Joined Apr 2019
Henry2006Jan 13, 2023 6:14 AM
226 Comments
You have to take delivery before March to qualify right? With this big influx of order it might be close....
1
Jan 13, 2023 6:15 AM
447 Comments
Joined Jan 2014
Luka817Jan 13, 2023 6:15 AM
447 Comments
Quote from Mike_Hawk :
Oh FFS, it even made FP on SD? laugh out loud

I'm proper F'd trying to sell my '18 3 Performance now. Lovely.
Curious how much high and low $ you may fetch for your 18 Model 3?
Jan 13, 2023 6:15 AM
1.2K Comments
Joined Oct 2008
California-BoyJan 13, 2023 6:15 AM
1.2K Comments
Quote from carolin1995 :
So now model 3 price dropped to dec lowered price and there is a tax credit too?! It was 53k in dec and w 7.5 reduction it was $45.5k? Right and now it is 44k plus 7.5k tax credit?
I didn't check the price for Model 3. Tax credit is available Model 3 now anyway.
Jan 13, 2023 6:15 AM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 13, 2023 6:15 AM
3.7K Comments
Quote from SDJunkie76 :
You get taxed on 67k - you can only take 3k/yr and carryover the 17k - Next year you take 3k and carryover the 14k and so on.. until you zero it out.
Basically one of the biggest cons onto taxpayers God forbid IRS feel the brunt of lower tax revs from earned income commoner.
1

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Jan 13, 2023 6:15 AM
1.9K Comments
Joined Nov 2005
g10nyJan 13, 2023 6:15 AM
1.9K Comments
Well, if you make less than $150K alone or $300K with the spouse, blowing ~$50K on this may not be the best move, regardless of the tax credit.
16
Jan 13, 2023 6:16 AM
12 Comments
Joined Nov 2017
dearpigJan 13, 2023 6:16 AM
12 Comments
Quote from TofuVic :
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022, I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

I hope this helps,
Tofu Vic
I am with you, picked up my Y LR just before Thanksgiving 2022, your numbers applied to me too but you got 10000 supercharger miles. I don't think anyone else could have a worse deal than mine, maybe except the owners who received cars between thanksgiving and Dec 15th.
Jan 13, 2023 6:16 AM
277 Comments
Joined Mar 2006
shakeNbake19Jan 13, 2023 6:16 AM
277 Comments
Some states & utilities still have their rebates going on as well.
Jan 13, 2023 6:17 AM
6.3K Comments
Joined Jul 2005
Mike_HawkJan 13, 2023 6:17 AM
6.3K Comments
Quote from Luka817 :
Curious how much high and low $ you may fetch for your 18 Model 3?
Coulda sold it to a tow a way VIN outfit a few months ago for $48k. But nooooo, I was holding out for an "easy" $50k from a private party. Now I'll be lucky to get $35k.

Only silver lining is wait times go thru the roof and might get a bit of a dead cat bounce and peace out @ $40k.
3
Jan 13, 2023 6:18 AM
315 Comments
Joined Nov 2010
heverleeJan 13, 2023 6:18 AM
315 Comments
Quote from TofuVic :
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022, I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

I hope this helps,
Tofu Vic
Sorry for your loss, now I understand why folks in China were outrageous when TSLA abruptly cut the price a few days ago.
2
Jan 13, 2023 6:18 AM
50 Comments
Joined Sep 2009
xeothoughtJan 13, 2023 6:18 AM
50 Comments
Can you hack this and return it and keep the battery? 😂
6
3
Jan 13, 2023 6:18 AM
3.2K Comments
Joined Dec 2010

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Jan 13, 2023 6:18 AM
583 Comments
Joined Mar 2009
W0rmyJan 13, 2023 6:18 AM
583 Comments
Feel like such a chump for thinking $7500 discount and 10K supercharger miles was a deal when I took delivery end of December. Wasn't qualified for tax credit but the instant depreciation hurts to think about
1
1

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