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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 3:45 PM
2 Comments
Joined Oct 2020
tejesh2007Jan 13, 2023 3:45 PM
2 Comments
Anything we could do if the delivery was taken less than a week
Jan 13, 2023 3:45 PM
5 Comments
Joined May 2020
SharpSnow627Jan 13, 2023 3:45 PM
5 Comments
Quote from subx0va :
Lemme know how it goes. I tried and they basically said too bad so sad
Any thoughts on options for people like us? SHould we trade this back in and buy a new tesla? Is it worth trying?
Jan 13, 2023 3:46 PM
1.9K Comments
Joined Sep 2012
mars_88888Jan 13, 2023 3:46 PM
1.9K Comments
How does the $7500 tax credit work? Do you need to have paid $7500 in taxes to qualify?
Jan 13, 2023 3:46 PM
300 Comments
Joined Oct 2006
HandpickingJan 13, 2023 3:46 PM
300 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
New order..Just buy Wall Connector
Jan 13, 2023 3:46 PM
150 Comments
Joined Nov 2011
jamesky52Jan 13, 2023 3:46 PM
150 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 add it as a $15k one time payment through website, app, or in car. You can also opt for the $200/mo subscription
Jan 13, 2023 3:47 PM
5.2K Comments
Joined Nov 2011
JayhawkDealsJan 13, 2023 3:47 PM
5.2K Comments
Quote from mysql :
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.
Typical Musk-bro, so easily butthurt. Postgres.
1
Jan 13, 2023 3:47 PM
2.1K Comments
Joined Dec 2012
PgaJan 13, 2023 3:47 PM
2.1K 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.
Haaaaa you aren't getting anywhere that Wh per mile except very warm 1 season states.

Borrowed an upcoming BIG3 EV SUV when it was 15*F outside. Got 1 mile per kWH. It cost me $1 per kWh at local charger.
2

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Jan 13, 2023 3:47 PM
21.8K Comments
Joined Nov 2007
Buckeyefan 1Jan 13, 2023 3:47 PM
21.8K 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.
What if I rent in California and have to use a Supercharger once a week? Renters get screwed. Did you know that California is about a 50/50 split renters vs homeowners?
Last edited by Buckeyefan 1 January 13, 2023 at 07:53 AM.
Jan 13, 2023 3:48 PM
868 Comments
Joined Jun 2006
LyolikJan 13, 2023 3:48 PM
868 Comments
Quote from mars_88888 :
How does the $7500 tax credit work? Do you need to have paid $7500 in taxes to qualify?
You need to owe at least that amount at the end of the year. You will get refund of you paid it already. But if you federal taxes are less than 7500, you won't get the whole amount
Jan 13, 2023 3:48 PM
2.4K Comments
Joined Oct 2012
azoiicJan 13, 2023 3:48 PM
2.4K Comments
Here to read the comments
2
Jan 13, 2023 3:48 PM
255 Comments
Joined Dec 2008
asterix007Jan 13, 2023 3:48 PM
255 Comments
Quote from smashersbay :
Same, no point upgrading unless they offer this option.
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.
Am curious if anyone driving a toyota, nissan, bmw, volvo (any non Tesla brand) ever researches their CEOs and then makes a car-buying decision :-)
Jan 13, 2023 3:49 PM
432 Comments
Joined Aug 2014
RoyalSJan 13, 2023 3:49 PM
432 Comments
I cannot order any other color than white to qualify for tax credit on Model Y LR
Jan 13, 2023 3:49 PM
16 Comments
Joined Aug 2014
RockyBazingaJan 13, 2023 3:49 PM
16 Comments
Quote from quitchat :
With the $7500 Tesla credit (from Dec) and the $7500 tax credit (if you are eligible) almost canceling each other, what you are really losing is close to the net price drop, which is approximately $12k, assuming you got a model Y.
Realized I was sleepy and did my Math wrong. Yup, original post had the math right.
Jan 13, 2023 3:49 PM
1.1K Comments
Joined Dec 2011
Loveday22Jan 13, 2023 3:49 PM
1.1K Comments
Quote from asterix007 :
How does the tax credit work?

Let us say that my son who has an income of 15K buys the car (using the money gifted to him over the years in his bank account). His tax liability will be minimal, perhaps a few hundred dollars. In this case, would he receive a tax refund of 7500 (minus his tax liability)?

Delete
Last edited by Loveday22 January 13, 2023 at 08:58 AM.

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Jan 13, 2023 3:50 PM
1.5K Comments
Joined Apr 2004
ThinksterJan 13, 2023 3:50 PM
1.5K Comments
These vehicles are ugly and the drivers of them are just about as bad as Prius drivers! Sticking with a gas vehicle for as long as I can!
8

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