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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 3:40 PM
1.9K Comments
Joined Aug 2016
moctezumaxJan 13, 2023 3:40 PM
1.9K Comments
Quote from Cruceh :
lol free speech is fascist. Got it. Sorry your safe space isn't a hive mind that bans anyone who isn't crazy anymore.
Except he's banning speech he doesn't like.
2
Jan 13, 2023 3:41 PM
86 Comments
Joined Sep 2016
MayorOfSexyTownJan 13, 2023 3:41 PM
86 Comments
Insane deal with tax credit!
2
Jan 13, 2023 3:41 PM
5 Comments
Joined May 2020
SharpSnow627Jan 13, 2023 3:41 PM
5 Comments
I got the car on Dec 30th. Any option for trade in back again for a new order? I may lose some money, but is it worth it?
4
Jan 13, 2023 3:41 PM
1.6K Comments
Joined May 2018
mintblue3411Jan 13, 2023 3:41 PM
1.6K Comments
Quote from tqlla3k :
Yikes. If you are in California, use the Supercharger miles during peak hours (10am to 10pm, $0.57 per KWH at 3.5 miles per KWH. That will make your supercharger miles worth $1628.

Also, for CA people who cant charge at home, an EV seems like a trap to me. $0.58 per [email protected] miles per= $4.14 for 25 miles of range. There are plenty of cars that can get that. Electricity prices are only going to go up as more cars plug in.

When I looked up supercharger prices, the Peak hours moved from 8am to 5pm to 11am to 9pm to 10am to 10pm. that was all in a year. It wont be long before peak hours are 6am to 11pm
Charge at home is no cheap as well, barely the same as gas
1
Jan 13, 2023 3:41 PM
2.1K Comments
Joined Dec 2012
PgaJan 13, 2023 3:41 PM
2.1K Comments
Quote from DeathHamster :
Just wait till your grandkids start driving electric! What a wonderful impact theyll make from your mistakes! 🙏🏽
Well if 82% of the electricity still comes from fossil fuel at that point and they are still stuck in 4-6year ownership cycle then their impact will be zero.
Jan 13, 2023 3:41 PM
79 Comments
Joined May 2011
coolguy84Jan 13, 2023 3:41 PM
79 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 paid the exact same numbers in Dec and was calculating this $4310 + tax loss last night. Kicking myself for buying in Dec.
Jan 13, 2023 3:42 PM
5.2K Comments
Joined Nov 2011
JayhawkDealsJan 13, 2023 3:42 PM
5.2K Comments
Quote from mysql :
oh man, your brother's uncles sister's friend told you this story? Cool story bro.

My 4 year old 3 has no issues, not even a rattle. The 50k warranty is about to expire in 2 months and there is nothing for them to do or look at on it.
My immediate neighbor for 20 years I know better than my own brother. But, thanks for playing. Congratulations on being a unique snowflake.

https://www.foxbusiness.com/marke...eports.amp
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Jan 13, 2023 3:42 PM
2.4K Comments
Joined Oct 2005
hypohJan 13, 2023 3:42 PM
2.4K Comments
Quote from SkyKing02 :
Does anyone know if you can buy the car now and add Full Self-Driving Capability package later on?
Yes, you can. It is only a software update.
Jan 13, 2023 3:43 PM
6 Comments
Joined Apr 2013
PP4171Jan 13, 2023 3:43 PM
6 Comments
Does it qualify for California CVRP rebate which gets a bump to $7500 in February for low income?
Jan 13, 2023 3:44 PM
1.7K Comments
Joined Aug 2011
mysqlJan 13, 2023 3:44 PM
1.7K Comments
Quote from jayhawknative :
My immediate neighbor for 20 years I know better than my own brother. But, thanks for playing. Congratulations on being a unique snowflake.

https://www.foxbusiness.com/marke...eports.amp [foxbusiness.com]
Typical, you look at headlines and not the details. "Problematic" issues are stuff like door jams misalignment. My car had that, I called Tesla service and a guy drove to my house and adjusted the bolts holding the door to the vehicle. Yeah, they should fix this stuff at the factory with better QC, but you're kidding yourself if you consider this anywhere near the levels of issues you'd get with the likes of FORD or Hyundai with actual defects in powertrain that cost billions to recall and repair.
1
Jan 13, 2023 3:44 PM
150 Comments
Joined Nov 2011
jamesky52Jan 13, 2023 3:44 PM
150 Comments
Quote from mysql :
On a 3, you can get anywhere from 200-300 wh per mile, lets average it do 250 since that divides by 1 kwh easily. So 4 miles per kwh. National avg for power in the US is 14 cents.

200k miles / 4 = 50,000 kwh * .14 = $7,000.

200k at 30 mpg and $3/gallon would be $20,000 for comparison.

My old car did about 20 mpg, at current rates I save close to $2000 a year on fuel. But I also save a lot on zero maintenance. Battery failure is a possibility, but it has 8 year / 120k warranty on that and its an edge case.

The NCA cells are rated for 1500 charge cycles, which is close to 500,000 miles. At that point they should have lost around 20% capacity, but still be usable.
I'm on a '22 Y and live a mile up a steep hill. I get about 240wh/mi in mixed city/hwy driving
Jan 13, 2023 3:44 PM
39.4K Comments
Joined Nov 2005
Dr. JJan 13, 2023 3:44 PM
39.4K Comments

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

Quote from runner0382 :
Which costs you $26,667 in fuel over 200k miles assuming gas at $4/gallon and 30 miles per gallon. Gas in CA is higher than that. Worth considering and I am not pro electric car for our household right now.

It's VERY YMMV however I don't think the vast majority of people really look at the numbers; they just assume the EV will be a better long-term purchase and get starry-eyed by the tech, which is used to blind them all to the reality of the situation. I seriously considered a Mach-E, and had discussions on their forums even before they were delivered about if anyone had run the payback - and most honest people would admit they didn't care because they just wanted the tech. It was something like $55k at the time and the payback just wasn't there. Tesla tends to be far more fanboyish - just check out how they treat Rich Benoit.

I've said this many times, but here are my current energy prices: $0.36/kWh and $2.79/gallon. If you run the numbers, for the per-mile cost to be the same as a Model 3 (~ 4 miles/kWh), an ICE only needs to get about 31 mpg, which basically all vehicles in this class can get without flinching. Heck my 2018 Pilot gets 29mpg and it's a massively larger vehicle.

Can energy prices change? Sure. Last month I was paying $0.24/kwh - and that's pretty much a steady trend upward in time. Meanwhile I've paid everywhere from $1.20 to $4.30 or so for gas in the past 2.5 years. Given our general hostility to electrical production, the war on fossil fuels with no plans to replace that generation, and and overall giddyness over anything electric (not only EV's, but last week the rage was how the government was going to ban gas stoves - guess how that would be replaced? electricity), it's very reasonable to expect electricity prices to rise as demand is fueled and supply quashed. (and, if EV's get any kind of real market penetration, some sort of EV fee is bound to be on the horizon, to replace lost gas tax revenue)

The other costs, maintenance, etc? Overstated by many EVangelists. To make up a $10k purchase price difference in 150k miles, the average upside on the EV would have to be 6.7 cents/mile, and where I live, it's effectively 0 (or negative). That means the EV is essentially never going to pay back the difference in its purchase price.
Last edited by Dr. J January 13, 2023 at 07:47 AM.
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Jan 13, 2023 3:45 PM
4.6K Comments
Joined Mar 2006
tqlla3kJan 13, 2023 3:45 PM
4.6K Comments
Quote from runner0382 :
Which costs you $26,667 in fuel over 200k miles assuming gas at $4/gallon and 30 miles per gallon. Gas in CA is higher than that. Worth considering and I am not pro electric car for our household right now.
If you cant charge at home(Condo, apartment), it costs $4.14 to get 25 miles of range on a Model Y. If you are charging from 10am to 10pm.

$0.58 per Kwh at 3.5mile per Kwh. Thats only going to go up as more cars plug in.
1
Jan 13, 2023 3:45 PM
231 Comments
Joined Sep 2010
sinergeJan 13, 2023 3:45 PM
231 Comments
Quote from mysql :
oh man, your brother's uncles sister's friend told you this story? Cool story bro.

My 4 year old 3 has no issues, not even a rattle. The 50k warranty is about to expire in 2 months and there is nothing for them to do or look at on it.
Tesla's are notorious for having quality issues.

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Jan 13, 2023 3:45 PM
12.7K Comments
Joined Aug 2010
WhosUrBuddieeJan 13, 2023 3:45 PM
12.7K Comments
Quote from Khezu :
Is there a way to get the wall connector without the order fee? it almost doubles the price

Wall Connector $350

Order fee $250
The order fee is for the car, not the wall charger.

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