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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 8:35 PM
3.9K Comments
Joined Apr 2011
sam_ayJan 13, 2023 8:35 PM
3.9K Comments
Quote from ilikeallofu :
Can u help me understand in simple terms? If at the end of the tax year, my federal tax due is $7,500, i'll get EV tax credit? However, if my federal tax due is negative and i get return from federal, then I won't be able to get this EV tax credit? Let's assume my salary is $150k and i overpay my taxes in each paycheck. Is my assumption correct?
100% correct.
If you don't owe shit to the Feds, you don't get shit back. There are too many restrictions on the EV credit. Most people who can afford a 55k car will not qualify. If you want a fancy sedan with a price tag of 55k just so that you can get 7.5k back, then its a great deal.
1
Jan 13, 2023 8:36 PM
7.5K Comments
Joined Jan 2009
MrDeaalsJan 13, 2023 8:36 PM
7.5K Comments
Hope everyone realizes that the current price is higher than the 2021 sticker price . Making this FP was a moronic move by the SD staff
3
Jan 13, 2023 8:36 PM
375 Comments
Joined Apr 2015
Leader2lightJan 13, 2023 8:36 PM
375 Comments
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
Jan 13, 2023 8:37 PM
7.5K Comments
Joined Jan 2009
MrDeaalsJan 13, 2023 8:37 PM
7.5K Comments
Quote from sandamn12 :
You sure you didn't get cost to just add additional vehicle vs replace?
This was additional premium to add Tesla Y to the existing policy
Jan 13, 2023 8:37 PM
928 Comments
Joined Aug 2005
dong888Jan 13, 2023 8:37 PM
928 Comments
Quote from elpablolv :
I am tempted to get a Model 3 in the future if prices do come down lower.
My question is what subscription services are needed for Teslas? Is navigation free? If I want to play music/podcast from Spotify/Pandora how do I do that? Can I Bluetooth it to the vehicle or do I have to subscribe it thru Tesla?
You don't have to pay any subscription fee. Navi is free but without subscription, it does not have real time traffic. I still think Google map is still the best Navi. For music, you can connect your phone to Tesla via Bluetooth.

There are only two types of subscriptions now, FSD and premium connectivity.

FSD is $199/month and let you do all the FSD has to offer.

Premium connectivity ($10 a month) is essentially 4G data connection on the Tesla and allow you to watch movies, have real time Navi info, car karaokeel,etc. The best feature of among this is actually sentry mode where you can watch the surrounding of the car on app thru the car cc cameras.
Jan 13, 2023 8:37 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 8:37 PM
4.5K Comments
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
Not if you make $9 million a year. LMAO
Jan 13, 2023 8:37 PM
136 Comments
Joined Jan 2023
TimelessJoeJan 13, 2023 8:37 PM
136 Comments
Glad I live in an apt. or I might buy one Stick Out Tongue

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Jan 13, 2023 8:37 PM
1.4K Comments
Joined Sep 2010
sandamn12Jan 13, 2023 8:37 PM
1.4K Comments
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
if you make 60k a year and buy 60k car the person is an idiot
1
Jan 13, 2023 8:38 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 13, 2023 8:38 PM
399 Comments
Quote from TealLaborer912 :
I mean they are really cool from a supercar perspective. I have a Kona with a Turbo engine that goes 0-60 in around the same amount of time my GTI did and both cars would be a lot faster than the vast majority of "muscle cars" put out in the 80's and before. The amount of G's I feel on my friend's Tesla X is astounding.

What's equally astounding is him showing where the trim cuts on his vehicle don't match up with gaps of nearly 1cm in some areas on a vehicle that cost six figures.
Oh for sure. Straight line acceleration is crazy in the performance models. I still prefer my "true" sports cars to them but I can see how people coming from their Honda Accord are impressed and get sucked in. It's gets old though and when you're making your 3rd or 4th visit to drop your car off at the service center in the first year that acceleration doesn't seem worth it anymore.
Jan 13, 2023 8:38 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 8:38 PM
4.5K Comments
Quote from sandamn12 :
if you make 60k a year and buy 60k car the person is an idiot
Hey everyone needs to live a little and learn the hard way.
Jan 13, 2023 8:39 PM
7.9K Comments
Joined Nov 2013
WuyiLJan 13, 2023 8:39 PM
7.9K Comments
Great time to pick up a Mini Cooper SE, Chevy Bolt EUV or Nissan Leaf in 2023.
Jan 13, 2023 8:39 PM
1.1K Comments
Joined Apr 2009
VNlilMANJan 13, 2023 8:39 PM
1.1K Comments
Quote from shinermd :
Is this the first ever for a car on slick deals???
No the Toyota Mirai was heavily discounted at one point
Jan 13, 2023 8:39 PM
419 Comments
Joined May 2022
TealLaborer912Jan 13, 2023 8:39 PM
419 Comments
Quote from Knightshade :
Teslas gross auto margin is about 30%.

That's vastly higher than all other car makers.

And that's on 100% EVs.

The legacy car makers generally have a negative margin on their EVs, and all their profits come from ICE cars-- which will keep selling in smaller numbers, replaced by EVs they lose money on.



As EV adoption increases this gets worse for legacy, and better for Tesla.

So the future is pretty much the opposite of what you just suggested.
Let's just ignore economies of scale, or the fact that Tesla's margin comes from being a disruptor. As choices improve, Tesla will have to drop their prices to stay competitive. you know, like this post? A 20% price drop likely evaporates that 30% margin plus some. As their competitors start to scale up, their costs will drop and profitability will improve for the competitors.

Having a lead means nothing unless you use that lead to continuously find new ways to lead. It's not something you capture forever.
Jan 13, 2023 8:39 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 13, 2023 8:39 PM
399 Comments
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
The sad thing is that it's more like people make $60k a year and then buy a new $60k car every 2-3 years and trade in their old one for even more loss.

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Jan 13, 2023 8:40 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 8:40 PM
509 Comments
Quote from Mydiscover :
Well most people would say i am a Cali resident when you have a home there. I just utilize whats best for my financial purpose.
then u need to pay cali tax if you're a cali resident.. owning a home in california doesnt make you a resident.. you're not driving under a cali dmw license

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