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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 2:32 PM
1.3K Comments
Joined Dec 2015
FishKillaJan 13, 2023 2:32 PM
1.3K Comments
Quote from SamirPD :
Forget the gas savings--they're almost nothing compared to the less maintenance these cars have. My 2005 Porsche Boxster has less miles than my wife's 2018 M3 and I know I've spent at least 5x more on maintenance that I've mostly done myself. The ability to 'just charge and go and that's it' is a real game changer--no oil changes, no transmission fluid, no coolant, no belts, no spark plugs--just. so. much. less.
Oh here we go again with the no maintenance diatribe. Let's compare an 18 year old German cars maintenance to a new vehicle.

News Flash, all of the things you mention, trans fluid, coolant, belts, spark plugs, are all good for 100K miles on a modern vehicle.

Meanwhile your Tesla, still has tires, brakes, suspension, a 12 volt electrical system, all of which will require maintenance, same as an ICE. As far as oil changes unless you are driving crazy miles, with synthetic it is like twice a year, when you rotate the tires.

Now your Tesla has all kinds of unknown vulnerabilities and potential issues with hardware that runs that awesome software. Remember the MCU problem anyone?
Jan 13, 2023 2:33 PM
3.4K Comments
Joined Dec 2008
timobkgJan 13, 2023 2:33 PM
3.4K Comments
Quote from dealonlooker :
Why are they encouraging the poor to buy expensive cars 😅
Median US household income is $70k.
Median individual income is $46k.

Individuals making over $150k are in the top 8%.
Households making over $300k are in the top 5%.

If you're making too much money to take advantage of this rebate... Sorry that you're making more than 92-95% of the rest of the US?
Jan 13, 2023 2:34 PM
1.5K Comments
Joined Apr 2013
jmhuletJan 13, 2023 2:34 PM
1.5K Comments
Quote from hd50hd :
Try finding a "subsidized Bank" that will make a loan on something that now depreciates faster than any payment schedule , and then find out the required income to back up the depreciation is now more than the "low qualifying" income to even receive the credit
If you need to borrow money to buy a luxury vehicle or you need to lease it to lower the payments, that means that you can't afford it. Financial education in this country is abysmal. If people would just live within or below their means, we wouldn't be in the crisis we are right now.
Jan 13, 2023 2:34 PM
15.4K Comments
Joined Sep 2009
KnightshadeJan 13, 2023 2:34 PM
15.4K Comments
Quote from notaxstate :
4680 batteries are LFP and inferior with less range like 279 miles.
2170 are better and the Model Y with 330 mile range.

4680 is not LFP FYI

4680s are cylindrical, Tesla does not use cylindrical LFP (I'm not aware of anyone who even makes cylindrical LFP thought it's technically possible)

4680s are produced by Tesla (in CA, and soon in TX and Berlin)- LFPs are produced by CATL in China.

LFPs are "better" in that they last longer and can safely be charged to 100%, but 2170 (and 18650 and 4680 the other two cylindrical non-LFP cells Tesla uses) are "better" in that they have superior energy density (so you can get more range from the same weight of battery cells)...so both have pros and cons.
Jan 13, 2023 2:36 PM
317 Comments
Joined Jun 2017
strangevilJan 13, 2023 2:36 PM
317 Comments
Man pour one out for the folks who bought this in November without any credit and paid nearly 70K for this car. I never for once thought this was a 70K car. This is much closer to its true value especially when there is a sea of them out there and Tesla keeps removing shit from the car and regressing its functionality. Not to mention having Elon as a CEO.
Jan 13, 2023 2:36 PM
28 Comments
Joined Dec 2006
didimao0072000Jan 13, 2023 2:36 PM
28 Comments
Makes sense. The price of lumber is going down which makes producing Teslas cheaper. [thedrive.com] Musk is just passing the cost savings to the consumer.
1
Jan 13, 2023 2:37 PM
113 Comments
Joined Jul 2021
IdunnoYJan 13, 2023 2:37 PM
113 Comments
Is this UL certified???

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Jan 13, 2023 2:37 PM
2.1K Comments
Joined Dec 2012
PgaJan 13, 2023 2:37 PM
2.1K Comments
Quote from tumengio :
100%. I work in telecom, and let me tell you: people love their landlines. Most of America gets terrible mobile reception. Speeds are slow and the call quality is awful. Plus, who wants to carry around a phone all the time? They're the size of bricks.

It's like that whole internet shopping thing that these weird niche companies keep trying to push on us. Amazon sells books for crying out loud, there's no market for selling clothes or whatever online. The mega mall isn't going away folks.

And I wouldn't worry about China. Can you believe most Chinese households don't even have a fax machine?
Awww I see you are trying to be cute. Let me clue you in: most of current EV programs at Big 3 are referred to as "compliance vehicles"….. I will let you spend some time to think and report what is really meant by that.
Jan 13, 2023 2:38 PM
2.8K Comments
Joined Jan 2010
thebtranJan 13, 2023 2:38 PM
2.8K Comments
how is this a slickdeal...
1
Jan 13, 2023 2:38 PM
1.3K Comments
Joined Dec 2015
FishKillaJan 13, 2023 2:38 PM
1.3K 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 hate to tell you this, but you are responsible for a lot more loss than that. (SBF)

You created the other thread that pumped the FOMO.

Then the mods deleted any negative comments about Tesla so it was like all sunshine and rainbows. (Betting this post gets deleted)

People were losing their minds, driving hundreds of miles accepting cars sight unseen. For what? To lose 5 figures?

And to think, you all thought you were getting such a deal!

This one is gonna sting, I don't care how rich you are, if you are here on slick, this hurts!
Jan 13, 2023 2:38 PM
439 Comments
Joined Aug 2008
callmeebryanJan 13, 2023 2:38 PM
439 Comments
Quote from Kensic :
god damn you make a lot of money from your last sentence. then 5k is just chump change for you
My wife and I combined exceed the cap, which really isnt all that high for California microeconomy.
3
Jan 13, 2023 2:38 PM
7 Comments
Joined May 2010
GoldenEagle13Jan 13, 2023 2:38 PM
7 Comments
How does $7500 tax credit work in case of leased vehicle ?
Jan 13, 2023 2:39 PM
186 Comments
Joined Mar 2007
morphwvuJan 13, 2023 2:39 PM
186 Comments
Quote from thebtran :
how is this a slickdeal...
just like when toilet paper is 25% off. same concept champ
1
Jan 13, 2023 2:39 PM
31 Comments
Joined Feb 2016
matthewtrinh54Jan 13, 2023 2:39 PM
31 Comments
Quote from arribasn :
This is going to have a big impact on used Tesla values too
Hopefully, it'll cause price drop on competing EV automakers!

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Pro
Jan 13, 2023 2:39 PM
3K Comments
Joined Mar 2008
fis
Pro
Jan 13, 2023 2:39 PM
3K Comments
I am certain that my next car will be electric, and there was a time when I thought it would likely be a Tesla, but now... I find it hard to imagine buying that company's products.

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