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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 7:06 AM
70 Comments
Joined Oct 2022
DkDealzJan 13, 2023 7:06 AM
70 Comments
Quote from GreyField2811 :
Used Tesla price drops like shit now.
Eagerly hoping so
Jan 13, 2023 7:07 AM
30.2K Comments
Joined Oct 2010
Medic311Jan 13, 2023 7:07 AM
30.2K Comments
So many cool options on the horizon from a lot of manufacturers. I think it's worth holding out for sure. Tesla must know this and realize while they are still king for now, there could be trouble on the near horizon for them. the wrangler 4xe is pretty cool, and 2nd gen with the larger battery and even more capability is totally worth waiting for. that's what I have my eyes on
Last edited by Medic311 January 12, 2023 at 11:10 PM.
Jan 13, 2023 7:07 AM
6.3K Comments
Joined Apr 2008
stasisJan 13, 2023 7:07 AM
6.3K Comments
Quote from GreyField2811 :
Hold the line folks. It will be lower and lower given their sales.
You saying TSLA is still going to go down past $100?
Expert
This user is an Expert in Tech & Electronics
Jan 13, 2023 7:08 AM
19.7K Comments
Joined Sep 2003
TofuVic
Expert
This user is an Expert in Tech & Electronics
Jan 13, 2023 7:08 AM
19.7K Comments
Quote from techhero :
Any tips on how to get the credit if you exceed the income limit? I guess most with CA salary won't qualified. This income limit new rule sucks
Quote from Kensic :
its Adjust gross income....to have a 150,000k gross adjust income...your looking at close to 200k salary.

i dont think most CA salary is 200k...most CA salary is about 70k
In California, the median annual income is $33,719 for an individual and $78,672 for a household.

Source: US Census Bureau

I hope this helps,
Tofu Vic
Jan 13, 2023 7:08 AM
226 Comments
Joined Apr 2019
Henry2006Jan 13, 2023 7:08 AM
226 Comments
this vs id4?
Jan 13, 2023 7:08 AM
196 Comments
Joined Nov 2022
BrightHalibut7933Jan 13, 2023 7:08 AM
196 Comments
Quote from Outlawdevil :
Big no no, you gonna take a huge hit on recent price cut on current model. Used car will be adjusted for that as well.
What about used X pricing. I'm seeing $45-50K now. Predictions?
Jan 13, 2023 7:08 AM
307 Comments
Joined Jun 2004

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Jan 13, 2023 7:10 AM
199 Comments
Joined Nov 2012
jmkaylorJan 13, 2023 7:10 AM
199 Comments
Is there any way to upgrade the vehicles to a 6/7 seater? I don't see this option listed anywhere…
Jan 13, 2023 7:10 AM
859 Comments
Joined Sep 2011
GaGaGeGeJan 13, 2023 7:10 AM
859 Comments
Quote from GreyField2811 :
$57K for a used tesla?? You are crazy..
It was literally the best deal anywhere in the nation for that car before this price reduction. Similar cars on Tesla and elsewhere with FSD were selling for $65k+
3
Jan 13, 2023 7:12 AM
4 Comments
Joined Nov 2011
bboytailsJan 13, 2023 7:12 AM
4 Comments

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

Tesla Model 3 Performance old price: $62,990
Tesla Model 3 Performance new price: $53,990

OEM Savings of $9k + $7500 Federal Tax Credit (YMMV) = $16.5k Total discount
Purchase price after full tax credit is 16% lower than previous full price.

0-60 in 3.1 seconds, with an estimated 480 horsepower.

As a comparison, the Ford Mustang GT Premium starts at $43,365 with 450 horsepower and a 0-60 in 4.5 seconds. The BMW M3 starts at $75,295 with 473 horsepower and a 0-60 of 4.1 seconds.





https://www.tesla.com/model3
1
1
Jan 13, 2023 7:12 AM
38 Comments
Joined Jul 2019
Poker_KhianaJan 13, 2023 7:12 AM
38 Comments
Quote from MichaelP7 :
I'm right there with you bud. Picked mine up on the 29th of December and now this… 😣😣
Picked mine up on 12/24 and locked in at the $62,990 - $7,500 + 10k supercharger miles. Still love my MYLR though. Minor door gap and paint issues. Tesla already took care of it all.
Jan 13, 2023 7:13 AM
6.4K Comments
Joined Mar 2013
4SKZ8Jan 13, 2023 7:13 AM
6.4K Comments
In for 1 to the moon 🚀🚀🚀
2
Jan 13, 2023 7:14 AM
196 Comments
Joined Nov 2022
BrightHalibut7933Jan 13, 2023 7:14 AM
196 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.)

I hope this helps,
Tofu Vic
10k SC miles will be hard to use depending on expiration (I lost about 2K even though i tried using locally as well) TSLA wouldn't budge on expiration/ hard to contact

I'm hoping they bring back SC miles for referring cars. They only have solar now
Jan 13, 2023 7:14 AM
7.5K Comments
Joined Jan 2009
MrDeaalsJan 13, 2023 7:14 AM
7.5K Comments
Given Musk's twitter saga and the recent news about twitter struggling for cash, I'm sure the stock price will further take a hit and if the sales dont meet market expectations , you can expect the price to further drop next Quarter
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Jan 13, 2023 7:15 AM
30.2K Comments
Joined Oct 2010
Medic311Jan 13, 2023 7:15 AM
30.2K Comments
Quote from insyder :
Carvana is showing $34k for a 21 MYLR, not looking good
Carvana is also attempting to shed inventory as if they are in liquidation. Some People on YouTube follow their inventory and car max as well, and both are dumping inventory to auction in a tsunami wave. The used car market pricing is already declining, those 2 companies have such massive inventories combined and acting together they could put the used market into free fall
1

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