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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 6:33 PM
13.2K Comments
Joined Feb 2008
AkumaXJan 13, 2023 6:33 PM
13.2K Comments
Quote from pugxiwawa :
much slower and smaller, not a good fit as family car.
Personally considering a Bolt EUV. Makes sense as a basic commuter/errand car, and with CA credits it could definitely go below $20k.
Jan 13, 2023 6:34 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 6:34 PM
509 Comments
Quote from SDzZz :
and much uglier
shittier ride not to mention and no resale should you decide to change your mind later..
Jan 13, 2023 6:35 PM
125 Comments
Joined Jan 2013
hungryrapanuiJan 13, 2023 6:35 PM
125 Comments
Quote from yslsd :
Is this true? I think the avg new car price tag is like $50k now. $300k annual household income will put you in top 5%. Guess maybe only the top 10% are buying new cars. The rest of us can only afford used ones😅
Next time you read an internet headline maybe actually think about it for a second. The average new car stat came when used cars were selling above what people paid for them. That'll come down and also, majority of households, 70%, do buy used cars. That's all you can do when median household income is $70k. My household income is over $500k and I consider a $60k car expensive. Granted, I spend over $50k a year on vacations each year so it's matter of how much value I place on transportation vehicles. Many people apparently see it as defining their self-esteem.
Last edited by hungryrapanui January 13, 2023 at 10:39 AM.
Jan 13, 2023 6:35 PM
1.2K Comments
Joined Oct 2008
California-BoyJan 13, 2023 6:35 PM
1.2K Comments
Deleted as the post seems to be not applicable any more.
Last edited by Klipsch January 13, 2023 at 12:06 PM.
1
Jan 13, 2023 6:35 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 6:35 PM
509 Comments
Quote from AkumaX :
Personally considering a Bolt EUV. Makes sense as a basic commuter/errand car, and with CA credits it could definitely go below $20k.
do it if you're in cali.. tax credit+ rebate + more income base rebate n that thing is like $14-15k
Jan 13, 2023 6:35 PM
1.1K Comments
Joined May 2021
JollyReward108Jan 13, 2023 6:35 PM
1.1K Comments
Thanks for the deal, I would rather place an order for 2023 ZL1 Camaro.
They sound soooo much better.
1
Jan 13, 2023 6:36 PM
1.3K Comments
Joined Jan 2008
mankuJan 13, 2023 6:36 PM
1.3K Comments
Quote from warlock110 :
I'm looking at both. A fully loaded Bolt EUV is around 38k + tax. the similar spec model Y is 60k... but the model Y is bigger and has a bit more range. as well as some other perks...

So the difference is closer to 10-15k than 30k.

Built quality the Bolt is slightly better. both of these company are firmly on the 10 least reliable brand lol.
I have a 22 Bolt EUV Premier and 22 Tesla M3SR+...they are not comparable in any way except that both are electric.

The Bolt is a very convenient, urban run about for doing errands. It has zero trunk space, so don't go to the market, or god forbid Costco, with more than two people. With the seats down, plenty of space...more than the Tesla.

It has lots of features, but feels like an econocar...even mine which is nearly fully loaded (only missing Superdrive). The acceleration is peppy, but the handling is not good...in the rain the car has zero grip and front wheels will spin. Surprisingly comfortable on the freeway. Headlights are terrible...some people suggest adjusting them.

If you think the Bolt has better build quality, then we'll just have to agree to disagree. As would everyone I know who owns one.

1

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Jan 13, 2023 6:37 PM
95 Comments
Joined Jul 2022
FaithfulRailway8184Jan 13, 2023 6:37 PM
95 Comments
Quote from warlock110 :
I'm looking at both. A fully loaded Bolt EUV is around 38k + tax. the similar spec model Y is 60k... but the model Y is bigger and has a bit more range. as well as some other perks...

So the difference is closer to 10-15k than 30k.

Built quality the Bolt is slightly better. both of these company are firmly on the 10 least reliable brand lol.
Bolt has battery issues.

Until Chevy takes care of that I wouldn't touch a Bolt.
Jan 13, 2023 6:38 PM
1.2K Comments
Joined Oct 2008
California-BoyJan 13, 2023 6:38 PM
1.2K 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 - $7,500 discount with 10,000 free Supercharger miles - 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 believe the savings would have been more than $13k as you wouldn't have to pay tax on $13k. It may depend on the state though.
Jan 13, 2023 6:39 PM
323 Comments
Joined Nov 2005
dolan007Jan 13, 2023 6:39 PM
323 Comments
Quote from Kensic :
good calculation. dont forget about electricity efficiency. lets say 85% (meaning power plant is charging you for 1000watts, by the time it makes it to your car while your driving, youll only get 850watts. so that 7000$ becomes $8,050.
My electric rate is .25 per Kw
60 miles away from me its .35 per kw
Jan 13, 2023 6:39 PM
227 Comments
Joined Mar 2012
asianmovieloverJan 13, 2023 6:39 PM
227 Comments
Picking up 2Ys, hoping to resell them when the car market skyrockets.
1
1
3
Jan 13, 2023 6:40 PM
155 Comments
Joined Sep 2017
btc54051Jan 13, 2023 6:40 PM
155 Comments
Quote from wisebrat :
There is a mention for used EV vehicles eligible for rebates too. How does that work? Can anyone with experience or knowledge of this, share some insights please?
Jan 13, 2023 6:40 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 13, 2023 6:40 PM
535 Comments
Quote from hungryrapanui :
Next time you read an internet headline maybe actually think about it for a second. The average new car stat came when used cars were selling above what people paid for them. That'll come down and also, majority of households, 70%, do buy used cars. That's all you can do when median household income is $70k. My household income is over $500k and I consider a $60k car expensive. Granted, I spend over $50k a year on vacations each year so it's matter of how much value I place on transportation vehicles. Many people apparently see it as defining their self-esteem.
damn that's nice. 500k income and 50k a year on vacation, you are living my dream life. congrats on making it.
Jan 13, 2023 6:41 PM
841 Comments
Joined Aug 2009
pookguy88Jan 13, 2023 6:41 PM
841 Comments
Quote from asianmovielover :
Picking up 2Ys, hoping to resell them when the car market skyrockets.
interesting bet

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Jan 13, 2023 6:41 PM
1.1K Comments
Joined Dec 2011
xjimmyxJan 13, 2023 6:41 PM
1.1K Comments
Quote from asianmovielover :
Picking up 2Ys, hoping to resell them when the car market skyrockets.
So you're hoping to sell them 2 years ago?

Maybe you should pick up a DeLorean also.
1
1

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