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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 2:39 PM
7 Comments
Joined Apr 2021
MellowPocket6047Jan 13, 2023 2:39 PM
7 Comments
Is Tesla still doing price match for 30 days ?
Jan 13, 2023 2:39 PM
53 Comments
Joined Sep 2018
SamudraLJan 13, 2023 2:39 PM
53 Comments
Quote from strangevil :
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.
Model 3 start out as a 35K car and model Y is 40K car. just be patience people, even with this price cut. it will come down even MORE.
Jan 13, 2023 2:39 PM
53 Comments
Joined Sep 2018
SamudraLJan 13, 2023 2:39 PM
53 Comments
Quote from MellowPocket6047 :
Is Tesla still doing price match for 30 days ?
doesn't hurt to try.
Jan 13, 2023 2:39 PM
3.4K Comments
Joined Jan 2010
Indio22Jan 13, 2023 2:39 PM
3.4K Comments
Quote from megastar :
What the heck.. is this a stock price or drop this much..
This is partly a "Musk can't keep his yap shut" move. Every time he tweets some conspiracy theory, as a stock holder I cringe, but thankfully I sold a bunch earlier.

More on topic, as an urban dweller, I still won't jump to EV until one is available for around 20k for an urban commuter. My household doesn't need high range or upscale elements, I already have a gasoline vehicle in the household for longer trips and that stuff.

I'd jump on a cheap EV though, it could handle 70% of the typical weekly driving in my household, but it's got to be an economy car, that's the point for my usage.
2
Jan 13, 2023 2:40 PM
1 Comments
Joined Mar 2016
wangyan0818Jan 13, 2023 2:40 PM
1 Comments
Is enhanced autopilot counted as software feature? If we buy model Y with enhanced autopilot, it is over 55K. Is it still eligible for the federal tax credit? Thanks!
Jan 13, 2023 2:41 PM
119 Comments
Joined Apr 2013
maccveJan 13, 2023 2:41 PM
119 Comments
I just paid cash for a 2016 Ford F250 Superduty Powerstroke Diesel...factoring in my trade-in, the vehicle was probably sold to me for about $36,000. No car payments, just have to buy a ton of Diesel fuel to put in it! If I would have traded in my previous vehicle for one of these, I would probably end up with a car loan for $19,000 +/- with taxes included. My credit union's current rate is 5.75% for 60 months giving me a car payment for the next 5 years of $365/ month to own a Tesla. I can buy a lot of diesel for that... I am happy with my ginormous truck!
1
Jan 13, 2023 2:41 PM
7 Comments
Joined Apr 2021
MellowPocket6047Jan 13, 2023 2:41 PM
7 Comments
Quote from SamudraL :
doesn't hurt to try.
I am requesting credit from them now, hopefully will get some help with recent buyers

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Jan 13, 2023 2:42 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 2:42 PM
4.5K Comments
Quote from razman :
I like how tesla talks about potential savings when buying the car by deducting gas we would've bought instead over 6 years.....but electricity isn't free either?!?
Yes electricity is not free but my solar panels do help to mitigate some of the cost since the government paid for my solar panels when i first installed them. LMAO
3
Jan 13, 2023 2:43 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 2:43 PM
4.5K Comments
Quote from MellowPocket6047 :
I am requesting credit from them now, hopefully will get some help with recent buyers
You have a better chance of getting hit by lightening. LMAOLMAOLMAO
Jan 13, 2023 2:43 PM
5 Comments
Joined Jul 2017
SheilaS5261Jan 13, 2023 2:43 PM
5 Comments
Just a heads up if you already have one on order. We got an email this morning with a new order agreement and the price has already been adjusted to the lower price.
Jan 13, 2023 2:43 PM
9 Comments
Joined Dec 2021
OrangeFruit648Jan 13, 2023 2:43 PM
9 Comments
When I do buy an electric car, you best believe it won't be a Tesla.
2
Jan 13, 2023 2:44 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 2:44 PM
4.5K Comments
Quote from wangyan0818 :
Is enhanced autopilot counted as software feature? If we buy model Y with enhanced autopilot, it is over 55K. Is it still eligible for the federal tax credit? Thanks!
Waste of money on software that will never be approved to drive autonomously.
Jan 13, 2023 2:44 PM
149 Comments
Joined Jan 2013
RonC4597Jan 13, 2023 2:44 PM
149 Comments
Quote from SamudraL :
doesn't hurt to try.
Best Buy will 🤣
Jan 13, 2023 2:45 PM
867 Comments
Joined Dec 2008

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Jan 13, 2023 2:45 PM
2.1K Comments
Joined Mar 2004
F-ZeroJan 13, 2023 2:45 PM
2.1K Comments
Are there loopholes for higher earners to get the tax credit?
2

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