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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 6:59 PM
5.9K Comments
Joined Nov 2004
corenomJan 13, 2023 6:59 PM
5.9K Comments
Can you add tow hitch or is that over?
Jan 13, 2023 6:59 PM
2.3K Comments
Joined Dec 2009
itsme13Jan 13, 2023 6:59 PM
2.3K Comments
Quote from elpablolv :
Any prediction on price say in June or July? I need a new vehicle by then to replace my 16 yr old Toyota. It still runs great but it has high milage and if/when it does break down, it will really mess up our daily schedule that we don't have time for. Thanks!
If you generally hold your cars for long, these will need a new battery which can run into 20k replacement cost.
They generally last 1500 charge cycles.

A new Tesla battery and drive unit warranty covers two things:

Length of time or miles driven (eight years or 100,000 to 150,000 miles driven, depending on the model), whichever comes first
A guaranteed battery capacity of 70 percent of its starting capacity during the warranty period
Jan 13, 2023 7:00 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 7:00 PM
509 Comments
Quote from CyanCable366 :
Why is it a slickdeal?? Model "Y" is still 3k above pre-pandemic prices. It's just Fed's policies are working and world is falling back to normal
its a slickdeal cuz of current supply chain and raw material cost. IRA is working as intended.. hopefully the post march guidance will force all auto maker to slash prices
Jan 13, 2023 7:00 PM
164 Comments
Joined Dec 2007
mustberightJan 13, 2023 7:00 PM
164 Comments
When it says $7500 back if you have at least $7500 "tax due", does that take into account what you have withheld on your W2? For example, if have $8000 in fed income taxes, but have withheld $7000 from paychecks during the year, so really only $1000 still due the IRS, do they use the original $8000 due to see if you qualify for $7500 back, or the $1000 still due?
Jan 13, 2023 7:00 PM
270 Comments
Joined Nov 2018
OrangeStag2904Jan 13, 2023 7:00 PM
270 Comments
Quote from ChiliPepper101 :
Are the salary limits hard cut-offs? Or, do they fade out and provide partial credits to households above those thresholds?
hard cut-offs
Jan 13, 2023 7:01 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 13, 2023 7:01 PM
399 Comments
Quote from mustberight :
When it says $7500 back if you have at least $7500 "tax due", does that take into account what you have withheld on your W2? For example, if have $8000 in fed income taxes, but have withheld $7000 from paychecks during the year, so really only $1000 still due the IRS, do they use the original $8000 due to see if you qualify for $7500 back, or the $1000 still due?
Yes… your tax liability for the whole year has to be at least $7500. Doesn't matter if you paid it via employer withholding throughout the year or if you pay it at the end of the year. As long as you have to pay Uncle Sam at least $7500 for the whole year then you can get the credit.
Jan 13, 2023 7:01 PM
624 Comments
Joined Nov 2015
sben25Jan 13, 2023 7:01 PM
624 Comments
Omg 1.5k comments? They are refreshing both the model 3 and model y according to a few YouTubers. The model Y was over priced at 66k. 50-55k is the right price for it.

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Jan 13, 2023 7:02 PM
891 Comments
Joined May 2013
SamirPDJan 13, 2023 7:02 PM
891 Comments
Quote from bellosrt :
Expect to spend about 28000 to replace batteries in 7 yrs. Range decrease in cold weather. Biggest scam
Biggest scam is people like you spouting off non-sense like this. While no doubt there have been battery replacements, it's not like a cell phone where every one will die on queue. You do realize that cars from 2012 are still on the road right? Many which haven't seen ANY 'service' for nearly a decade--that's some serious cost savings.
1
Jan 13, 2023 7:03 PM
5.9K Comments
Joined Nov 2014
ftee123Jan 13, 2023 7:03 PM
5.9K 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.
Again mate, what are you doing here on SD? You should join Elon forum with the rich people.
Jan 13, 2023 7:03 PM
34 Comments
Joined Aug 2008
willainJan 13, 2023 7:03 PM
34 Comments
Quote from mustberight :
When it says $7500 back if you have at least $7500 "tax due", does that take into account what you have withheld on your W2? For example, if have $8000 in fed income taxes, but have withheld $7000 from paychecks during the year, so really only $1000 still due the IRS, do they use the original $8000 due to see if you qualify for $7500 back, or the $1000 still due?
$8,000 - $7,000 - $7,500 = - $6,500

You get $6,500 tax refund
Jan 13, 2023 7:04 PM
4.4K Comments
Joined Nov 2015
dshopprJan 13, 2023 7:04 PM
4.4K Comments
Quote from sowhatwegetdrunk :
I have never driven or been on a Tesla. Looking at the interior for the first time. The seats look thing and flimsy. This is giving me me second thoughts :/
Those white seats are comfy and one of the most nicest seats I have been on.
Jan 13, 2023 7:04 PM
1.2K Comments
Joined Nov 2020
mattymsu25Jan 13, 2023 7:04 PM
1.2K Comments
Quote from SamirPD :
Biggest scam is people like you spouting off non-sense like this. While no doubt there have been battery replacements, it's not like a cell phone where every one will die on queue. You do realize that cars from 2012 are still on the road right? Many which haven't seen ANY 'service' for nearly a decade--that's some serious cost savings.
Yeah, no.
Jan 13, 2023 7:04 PM
503 Comments
Joined Nov 2014
euuser4279838Jan 13, 2023 7:04 PM
503 Comments
Don't forget to factor in the 20k - 30k complete battery pack change out in a few years down the road.

If you live in places with cold winter (like I do), I would say these batteries wouldn't even last 5 years, let alone 10 years.

If you live in California, do you think the grid infrastructure can keep up with everybody plugging in their EVs ? People there barely have power on during peak hours (fark PG&E BTW).

Hard pass !

The future of car is hybrid vehicle & plug-in hybrid, not pure ICE cars & definitely not 100% EV cars.
5
Jan 13, 2023 7:04 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 7:04 PM
509 Comments
Quote from ftee123 :
Again mate, what are you doing here on SD? You should join Elon forum with the rich people.
hes upset that poors are getting $7.5k in tax + potention $7500 in state rebate that he didnt get along with the saving from price cut.



copium is going off high for recent tesla buyers

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Jan 13, 2023 7:04 PM
226 Comments
Joined Apr 2019
Henry2006Jan 13, 2023 7:04 PM
226 Comments
Quote from warlock110 :
one can simply covert your IRA to Roth to pick up more tax liability to hit the 7.5k... it's an easy way to get the full credit. But definitely not money saving lol. I think you need to make around 80k to get the full tax credit.
Does that means if e.g. my w-2 witholding is too high and I don't owe any additional payment due tax time (but income cap and tax liability met), I still wouldn't get it?

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