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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 3:51 PM
1.1K Comments
Joined Dec 2011
Loveday22Jan 13, 2023 3:51 PM
1.1K Comments
Quote from mars_88888 :
How does the $7500 tax credit work? Do you need to have paid $7500 in taxes to qualify?

Delete
Last edited by Loveday22 January 13, 2023 at 08:58 AM.
Jan 13, 2023 3:52 PM
1.1K Comments
Joined Jun 2009
hi4700Jan 13, 2023 3:52 PM
1.1K Comments
Quote from livelifeup22 :
No. Tax credit is nonrefundable. You have to owe 7500 and then offset it,
If I overpaid tax I will get returns and this $7500 as refund correct?
Jan 13, 2023 3:53 PM
682 Comments
Joined Nov 2016
Speedmaster1Jan 13, 2023 3:53 PM
682 Comments
Does this include any models with a big Hemi engine?
Jan 13, 2023 3:53 PM
64 Comments
Joined Nov 2015
hifarrerJan 13, 2023 3:53 PM
64 Comments
Remember the Federal Tax credit applies to Any electric car, not just Tesla. There are more options now and I wouldn't trust a company who has an unstable guy as a leader.
1
Jan 13, 2023 3:53 PM
269 Comments
Joined Dec 2022
HonestSink770Jan 13, 2023 3:53 PM
269 Comments
Could someone please advise whether it's worth buying the Tesla Model Y at this price. Or will there be other good deals for Electric cars at a lower price point?

We have usually spend between $35-$45k for our cars. Just wondering whether it's justified to spend the extra $10k and get the Model Y. I can wait if there are expected to be better deals or tech changes in the future.
Jan 13, 2023 3:54 PM
83 Comments
Joined Feb 2015
phenyleJan 13, 2023 3:54 PM
83 Comments
Quote from hi4700 :
If I overpaid tax I will get returns and this $7500 as refund correct?
If you owed 10k taxes and you paid 15k taxes ur refund would be 5k + 7500
Jan 13, 2023 3:54 PM
94 Comments
Joined Aug 2011
timefIiesJan 13, 2023 3:54 PM
94 Comments
Quote from PP4171 :
Does it qualify for California CVRP rebate which gets a bump to $7500 in February for low income?
Where did you see that it is increasing to 7500?

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Jan 13, 2023 3:54 PM
4.6K Comments
Joined Mar 2006
tqlla3kJan 13, 2023 3:54 PM
4.6K Comments
Quote from Buckeyefan 1 :
What if I rent in California and have to use a Supercharger once a week? Renters get screwed.
then the current rate to charge from 10am to 10pm is $0.58 per kwh. Or about $4.14 for 25 miles.

People who cant charge at home are really screwed in 2035. I can see peak hours moving to 6am-11pm. Expect long lines at midnight to charge during off peak hours.
Jan 13, 2023 3:55 PM
208 Comments
Joined Oct 2021
TenderTest419Jan 13, 2023 3:55 PM
208 Comments
but I read that in order to get the 7500$ you got to have the delivery by March 31st and they expected deliveries for Jan 2024
Jan 13, 2023 3:55 PM
2.7K Comments
Joined Nov 2006
likeawJan 13, 2023 3:55 PM
2.7K Comments
Quote from stasis :
Not sure if similar program exists in other states, but based on your income, you can turn in your old car (2005 or older) to a junk yard and receive up to $9,500 cash towards the purchase of an electric car. *Tesla is eligible now since they lowered the price.

https://www.baaqmd.gov/funding-an...rs-for-all
Waiting for something similar in Texas. Still driving my 1996 Honda Odyssey. Would sure let it go for $9500 cash.
Jan 13, 2023 3:56 PM
8 Comments
Joined Sep 2022
StrongMoon9095Jan 13, 2023 3:56 PM
8 Comments
is sales price continue dropping if we do not buy now?
Jan 13, 2023 3:56 PM
1.7K Comments
Joined Nov 2010
dragon911Jan 13, 2023 3:56 PM
1.7K Comments
How much does it cost for a full charge at home? Someone told me as low as $10-15 during midnight time
Jan 13, 2023 3:57 PM
791 Comments
Joined Mar 2013
dealsforuJan 13, 2023 3:57 PM
791 Comments
Well , called the customer service, obviously they don't care about pricing even if you bought just few days ago. I guess Model Y customers are royally screwed by Musk.
1
Jan 13, 2023 3:57 PM
400 Comments
Joined Sep 2011
npatel3cJan 13, 2023 3:57 PM
400 Comments
What if delivery is in April? Does it impact the $7500 tax credit?

Their in-stock has restrictions on being able to registering vehicles in certain states? Showing options for Maryland but can not be registered in Maryland? How does this make sense?

Delivery Location
Showing options for 21014
This car can only be registered in DE, ME, NH, NJ, VT
Last edited by npatel3c January 13, 2023 at 08:01 AM.

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Jan 13, 2023 3:57 PM
16 Comments
Joined May 2012
NashaaronJan 13, 2023 3:57 PM
16 Comments
Do Tesla stick to the delivery estimate? It say Jan to March 2023. Will they be able to deliver before March 2023?

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