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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.

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12.3K Comments

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Jan 13, 2023 8:32 AM
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LamePeopleBlameJan 13, 2023 8:32 AM
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Quote from Dnewwen :
This sort of makes me feel cheated. I took delivery on New Year eve. Basically, my car depreciated 14k in 12 days.
Think about it this way. If they raised the price by 10 after you took delivery you aren't going to owe them 10k similarly..
1
Jan 13, 2023 8:32 AM
28 Comments
Joined Mar 2013
luckymangoJan 13, 2023 8:32 AM
28 Comments
Would the model 3 Performance qualify for the $7500 tax credit? The IRS website did not include this model. https://www.irs.gov/credits-deduc...3-or-after
Jan 13, 2023 8:36 AM
15 Comments
Joined May 2010
osulu91Jan 13, 2023 8:36 AM
15 Comments
Tesla is discounting cars because they are losing market share, their stock price is tanking, and they're realizing their car is no longer special as other EVs come to market. Good luck
1
Jan 13, 2023 8:36 AM
414 Comments
Joined Nov 2014
zmm61Jan 13, 2023 8:36 AM
414 Comments
How about 6000 upgrade and 15000 auto pilot upgrade? necessary?
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Jan 13, 2023 8:37 AM
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TofuVic
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Jan 13, 2023 8:37 AM
19.7K Comments
Quote from ssrini20 :
But didn't you get the $7500 credit?
To be eligible for the tax credit, the delivery must be taken on 01/01/2023 or later. I took my delivery on 12/29/2022, so I wasn't eligible.

I hope this helps,
Tofu Vic
Jan 13, 2023 8:37 AM
127 Comments
Joined May 2017
KeenDJan 13, 2023 8:37 AM
127 Comments
Quote from luckymango :
Would the model 3 Performance qualify for the $7500 tax credit? The IRS website did not include this model. https://www.irs.gov/credits-deduc...3-or-after [irs.gov]
Oops, thought it's MY. M3P is eligible it seems, according to Tesla's website.
Last edited by KeenD January 13, 2023 at 12:53 AM.
Jan 13, 2023 8:38 AM
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mintblue3411Jan 13, 2023 8:38 AM
1.6K Comments
Quote from zmm61 :
How about 6000 upgrade and 15000 auto pilot upgrade? necessary?
No no no. Autopilot is a scam.
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Jan 13, 2023 8:39 AM
84 Comments
Joined Dec 2014
ugotbonedJan 13, 2023 8:39 AM
84 Comments
Quote from Sreeni06 :
There is no way to return? If not registered as well?
Again this is just for the base version of the car. If you chose any upgrades you are out.
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Jan 13, 2023 8:40 AM
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TofuVic
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Jan 13, 2023 8:40 AM
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Quote from KeenD :
It's just another Model 3. Only 7 seats Model 3 P qualify
Model 3 does not have a 7-seat option. For Model Y, which does have a 7-seat option, is it eligible as long as it's under $80,000.

(Note: Model Y Long Range has a 7-seat option, but the Performance does not; the Performance used to have the option at time of order, but Tesla removed it and never shipped any Performance with 7 seats.)

I hope this helps,
Tofu Vic
Last edited by TofuVic January 13, 2023 at 10:37 AM.
Jan 13, 2023 8:40 AM
89 Comments
Joined Nov 2012
Dang19Jan 13, 2023 8:40 AM
89 Comments
Does it have to be 2022 tax year or can I claim the credit next year (2023 tax year)? I wouldn't meet the income requirement if it was last year. Thank you for your help
Jan 13, 2023 8:41 AM
63 Comments
Joined Mar 2010
brucelee24Jan 13, 2023 8:41 AM
63 Comments
I bought one in August 2022. It was $12,000 cheaper than the current list price at the time because I ordered it a year ago. Now the price is $1000 cheaper than my purchase price Frown and I didn't get any super charge miles. The only redeeming note is that my car had the new matrix headlights on a Long Range version and the car still had the sensors on the bumpers which was removed in the 2023 models. I do like the car.
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Jan 13, 2023 8:41 AM
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Joined May 2005
liquid_celicaJan 13, 2023 8:41 AM
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Let me say that those that don't own an EV but are claiming the numerous options there are that is as capable as a Tesla have never experienced one themselves. Charging is a MAJOR factor in owning a Tesla. I've had 4 friends that either had the volt, the bolt, or the leaf and ended up with a model 3. They've simply come to the realization that it's way nicer to charge for 15 mins nearly anywhere with population then rush finding an EVGO or chargepoint and still have to wait 2 hours to reach the next stop. So yes, lucid and Id.4 are nice but practically speaking you'll grow tired of it's charging limitations over time
1
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Jan 13, 2023 8:42 AM
16 Comments
Joined Aug 2014
RockyBazingaJan 13, 2023 8:42 AM
16 Comments
Quote from TofuVic :
To be eligible for the tax credit, the delivery must be taken on 01/01/2023 or later. I took my delivery on 12/29/2022, so I wasn't eligible.

I hope this helps,
Tofu Vic
I mean, you got $7500 credit from Tesla directly right? I did as I picked mine on the 24th. I am also in the same boat as you. I think we lost around 5k.
Jan 13, 2023 8:44 AM
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Joined Feb 2020
GreySwing658Jan 13, 2023 8:44 AM
1.4K Comments
Quote from yellowsportster888 :
The $7500 tax credit has income caps for individual and joint filers so eligibility is not as easy as people think, unless you want to take a chance with playing with the IRS. For I think for a good number of people who buy Tesla's, their income is over the cap so the tax credit is not applicable. Feel free to look up the exact amounts for the caps to see if it applies to you or not.
It'd be cool if you just get that info instead of speculating about it.

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Jan 13, 2023 8:44 AM
34 Comments
Joined Dec 2010
BouncerJan 13, 2023 8:44 AM
34 Comments
Battery swap, $20,000... no thanks.
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