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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 12:02 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 13, 2023 12:02 PM
3.5K Comments
Wow I predicted this would happen when the $7500 rebate was applied in Dec end of year sale. I was reading through the tax rebate and figured they'd do this to move more cars.

See https://slickdeals.net/f/16329616-ymmv-tesla-model-3-and-model-y-take-delivery-between-12-21-2022-and-12-31-2022-and-receive-7-500-discount-and-10-000-supercharger-credits?v=1&p=160833211#post160833211

I may try to convenience the wife to pick up Model 3 Performance.
Jan 13, 2023 12:02 PM
824 Comments
Joined Jul 2019
JustinL1Jan 13, 2023 12:02 PM
824 Comments
Pretty unreal. They went from almost never price adjusting over the last few years to multiple in the last 2 months or so. All of that big deal for end of year promo and now this which
Is much much better than in December. Frankly I'd be a little pissed if I bought in December.
Jan 13, 2023 12:04 PM
3 Comments
Joined Oct 2018
ShrewdSeed8006Jan 13, 2023 12:04 PM
3 Comments
Is the federal tax credit different from state incentives? New Jersey has a up to $4000 tax incentive. Can I stack that on top of the federal tax credit?
Jan 13, 2023 12:04 PM
891 Comments
Joined May 2013
SamirPDJan 13, 2023 12:04 PM
891 Comments
Quote from ElatedHill7496 :
In China, Tesla's price has been dropped to Model Y $38,800, model 3 $34,500. Because BYD produces/sells more, cheaper and much safer advanced batteries. BTW, BYD will sell in the US soon. Model Han under $30,000. Model dolphin could be under $20000 or less. Imagine how much Tesla will be at that time?
Another IP thief going to do a pump and dump, eh? This is why I never wanted Tesla to build in china--the land of IP theft, corruption and more theft. It's a way of life. You know what thieves never do? Invent. Create. Have original ideas that make products.

Keep the thieves and their fake goods where they belong--none of us in the western world want anything to do with them.
2
Jan 13, 2023 12:06 PM
891 Comments
Joined May 2013
SamirPDJan 13, 2023 12:06 PM
891 Comments
Quote from 1453191819231991 :
Honestly, changed my mind of ever buying Tesla after getting to know who Musk really was. Maybe after he is ousted from the company I'll give it a thought again.

If can't judge by moral standards when you are dropping $60k, when then?

That said, this is just personal opinion.
Interesting how Tesla is judged by a single person when 'the big 3' as well as companies like VW have had all sorts of problems but no single face to blame it all on. Just saying...Peace
1
Jan 13, 2023 12:06 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 12:06 PM
4.5K Comments
Quote from 247DEALS365 :
For those that recently took delivery prior to Tesla removing all of the Ultra Sonic Sensors, just be glad that you have something that's useful. You have a superior variant vs the gimped 2023* models.

Tesla removing features and calling it a feature or an upgrade is a total Apple move. It's clearly a cost cutting spree.

Remember guys, there is value in owning something now and enjoying it. No one has a Crystal ball so make peace with things and enjoy your ownership.

The price drops were kind of predicable, but just be glad that you have a superior variant with sensors and real Brembo brakes- (referring to the new performance model Ys that have rear fake Brembo's with a plastic caliper that's painted Red.) Not kidding.

If the price drop that has been nothing short of a sucker punch to recent Tesla buyers wasn't enough, this won't be the last time that Tesla will add insult to injury.

There are a plethora of EV options literally just around the corner. Hang tight.
The Ultra sonic sensors which i have on mines have been disabled on one of the new software updates. They went with all cameras for detection. You also forgot to mention the useless heat warmers in the back seats that we have as well.
Last edited by Mydiscover January 13, 2023 at 04:08 AM.
Jan 13, 2023 12:06 PM
79 Comments
Joined Nov 2019
ElatedWing7539Jan 13, 2023 12:06 PM
79 Comments
Sooo does this mean Tesla will not raise the price on my pre-order CyberTruck? If it goes into production this year? Ya, I wish.

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Jan 13, 2023 12:09 PM
127 Comments
Joined Oct 2016
amclymonJan 13, 2023 12:09 PM
127 Comments
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
Jan 13, 2023 12:10 PM
9.7K Comments
Joined Apr 2006
TnycJan 13, 2023 12:10 PM
9.7K Comments
Hey Elon, why not cut the prices by half just like you did with Twitter's workforce? 😋 On a serious note, how easy is it to maintain an electric car? No fluid changes and the brakes/rotors last a longggg time?
Jan 13, 2023 12:10 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 12:10 PM
4.5K Comments
Quote from amclymon :
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
You still got hosed. I paid a little less then $46k after rebate for 2020 Model Y LR and feel i got hosed. LMAO
Jan 13, 2023 12:12 PM
244 Comments
Joined Mar 2011
JanetteLnJan 13, 2023 12:12 PM
244 Comments
Quote from WilliamG :
Not sure that's correct. Believe you have to owe at least $7500 in taxes to get that full $7500 credit. So if you only owed $5000 in federal taxes, you'd only get $5000 back out of the $7500. At least, that's how I've always understood this to work historically.
That's what I thought.
Jan 13, 2023 12:12 PM
17 Comments
Joined Mar 2018
jdang7891Jan 13, 2023 12:12 PM
17 Comments
Quote from amclymon :
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
You got $5,200 discount from Tesla?
Jan 13, 2023 12:13 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 12:13 PM
4.5K Comments
Quote from jdang7891 :
You got $5,200 discount from Tesla?
Yeah sure they did.
Jan 13, 2023 12:14 PM
1.2K Comments
Joined Jul 2010
lenserJan 13, 2023 12:14 PM
1.2K Comments
Wish the Y and 3 were not so ugly and didn't come with just a tablet in the middle.
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Jan 13, 2023 12:14 PM
346 Comments
Joined Apr 2015
hallaj33Jan 13, 2023 12:14 PM
346 Comments
This is going to sound dumb, but is there a way to increase my tax liability so that this tax credit would actually benefit me?

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