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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 9:14 PM
4.5K Comments
Joined Aug 2005
MydiscoverJan 13, 2023 9:14 PM
4.5K Comments
Quote from javierj1455 :
I'm having second thoughts and thinking of cancelling my order. Do I get the $250 order fee back? I order less than 12hrs ago
Nope your screwed. Elon thanks you BTW as do I. Your one of the perfect customers that they love. Give them free money for nothing. lmao
Last edited by Mydiscover January 13, 2023 at 01:16 PM.
Jan 13, 2023 9:14 PM
8 Comments
Joined Feb 2022
OliveRose694Jan 13, 2023 9:14 PM
8 Comments
Anyone know if Tesla is passing the credit on the lease or just purchase? If they pass credit on to the leases. Might grab one.
Jan 13, 2023 9:15 PM
2.4K Comments
Joined Oct 2012
reqUser098Jan 13, 2023 9:15 PM
2.4K Comments
Traditional 401(k) contributions effectively reduce both adjusted gross income (AGI) and modified adjusted gross income (MAGI).1 Participants are able to defer a portion of their salaries and claim tax deductions for that year.

try to make some 401 contributions to reduce your AGI to qualify
Jan 13, 2023 9:15 PM
4.6K Comments
Joined Mar 2006
tqlla3kJan 13, 2023 9:15 PM
4.6K Comments
Quote from zmm61 :
Based on the hotness of this topic 125 pages of discussion in half a day, I think TSLA stock will come back to ~ 200 very soon. The demand is quite high to be honest.
$36900 for a Model 3 RWD does seem pretty interesting.

But for the stock, it seems like a desperate move to cut prices like this. Hopefully this means we are near the end of ridiculous dealer markups from other manufacturers. And maybe for will reverse their price hikes on the F150 lightning.
Jan 13, 2023 9:15 PM
1.3K Comments
Joined Dec 2015
FishKillaJan 13, 2023 9:15 PM
1.3K Comments
Quote from pugxiwawa :
actually don't think that's the case. Tesla doing one time big reduction is to get ahead of macro and recessionary environment. It's not good for anybody if Tesla continues to do a small price cut here and there. This puts a floor in at 45 after IRA for Model Y. They will sell every car they make and at the same time dropping hammer on other car manufactures, there's no point doing any further cut.
Tell that to all of the people who bought last month LOL

They have a demand problem, simple.
Jan 13, 2023 9:15 PM
225 Comments
Joined Jun 2004
se-riouslyJan 13, 2023 9:15 PM
225 Comments
Quote from EliteDealHunter :
As long as you spend the majority of your time in the state where the car is registered you're fine. People get burned when they register the car in one state and then live in a different state 80% of the year.
Exactly. However you work the system, I hope they're doing is wisely. And by financial transactions, I mean everyday purchases like gas and food. Likewise, it's very easy to "spot" where someone resides / uses their car - phone locations, toll road / bridge toll transactions,, etc.

In a bad collision (and subsequent investigation / litigation / mediation), you can guarantee any insurance company will be present.
Jan 13, 2023 9:16 PM
2.7K Comments
Joined Dec 2006
SDzZzJan 13, 2023 9:16 PM
2.7K Comments
Quote from MrDeaals :
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
In 2021, the Model Y was not eligible for the federal EV credit. In 2023, it is, hence it's a great deal, bud.

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Jan 13, 2023 9:17 PM
39 Comments
Joined Feb 2017
R2KBAJan 13, 2023 9:17 PM
39 Comments
Quote from stanclave :
Why is the range for YLR at 279 ? I thought it was above 300.
My understanding is those 279 mile models are the ones using the newer 4680 cells. They're still not ramped up on production of those cells, and thus are using fewer cells which also gives less range. The ones with 300+ miles are using the older 2170 cells (same as the Model 3). From a consumer standpoint, the cell chemistry between the two is the same so it comes down to what range you want. For Tesla, the 4680 cells will eventually result in a cheaper cost to manufacture the vehicles.
Jan 13, 2023 9:18 PM
103 Comments
Joined Nov 2016
PurnaC4950Jan 13, 2023 9:18 PM
103 Comments
You are not just paying for car, you are also paying for his charging infra.

At the end 60k with taxes -10k in savings state and federal tax. If you have old car another 10k for trade in else one day the old car will be dead on st . 40k car with no maintenance. Monthly 200$ savings on gas..no oil change , drain oils, transmission failures,alternator, timing belt,dealers scams. 10k hear and there but you enjoy Electric car.
Last edited by PurnaC4950 January 13, 2023 at 01:27 PM.
Jan 13, 2023 9:22 PM
8.3K Comments
Joined Jan 2007
dadabJan 13, 2023 9:22 PM
8.3K Comments
Now just waiting for Fed to come out a different package where tax credit limit drops from 55K and hence Tesla will lower the price again. lol. Jokes aside, Is it worth it to trade in my existing model 3 to Tesla, I mean 2 separate transactions, using proceeds of existing model 3 and applying to new model Y order. Anyone knows how that works? if that still qualifies for 7500 tax credit?
Jan 13, 2023 9:23 PM
2.6K Comments
Joined Mar 2012
stanclaveJan 13, 2023 9:23 PM
2.6K Comments
Quote from R2KBA :
My understanding is those 279 mile models are the ones using the newer 4680 cells. They're still not ramped up on production of those cells, and thus are using fewer cells which also gives less range. The ones with 300+ miles are using the older 2170 cells (same as the Model 3). From a consumer standpoint, the cell chemistry between the two is the same so it comes down to what range you want. For Tesla, the 4680 cells will eventually result in a cheaper cost to manufacture the vehicles.
thanks

but why would anyone pay the same price for one with 279 miles & another with 330 miles.

crazy!Peace
Jan 13, 2023 9:24 PM
18 Comments
Joined Aug 2017
BrianQ3238Jan 13, 2023 9:24 PM
18 Comments
This is most expensive battery pack I purchased ever
Jan 13, 2023 9:26 PM
6.1K Comments
Joined Mar 2006
Core2QuadJan 13, 2023 9:26 PM
6.1K Comments
Quote from R2KBA :
I've taken numerous road trips in my 2018 Model 3 Performance. I wouldn't try it in any other brand of EV because the other charging networks are too unreliable and sparse, but in the Tesla it's simple. Put in the final destination, and it tells you where to stop and for how long. Most stops are in the 15-20 minute range, which is about how long it takes to get out of the car and walk to the nearby convenience store or restaurant, etc. Use the bathroom, pick up some food, and the car is ready to go again. And no need to babysit it like you would a gas vehicle, standing there watching the pump for a few minutes before you then go inside to pee/shop anyway. It's mostly been a non-issue. Combined with AutoPilot, road trips are a breeze.
Constant range anxiety and constantly need to plan your route, what if you want to just go out and about and drive in some more remote areas? Constant worry. I did a 5 hour drive recently to pick something up, about 2.5 hours each way no stops. It would have been so much less enjoyable to have to stop and charge for 30-40 minutes. I'd rather just get home. These cars just don't make any sense, I'm baffled by the lack of PHEV's on the market. 95% of people drive less than 50 miles a day. Why not run a PHEV and 95% of the time you are on pure electric. Then when you need the range on a long trip, you have it without worry. A friend of mine had a Y for a few months and hated it. He also wasn't getting nearly the advertised range. He sold it and got a gas Lexus SUV. Oh and also, unless you are in a state that has Tesla insurance, insurance rates on these Tesla's are 2-3x the equivalent gas car. $3-5K isn't uncommon for annual premium for a Tesla. Many times super chargers are just as expensive as gas. I just don't understand.
Last edited by Core2Quad January 13, 2023 at 01:30 PM.
1
3
Jan 13, 2023 9:26 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 9:26 PM
509 Comments
Quote from dadab :
Now just waiting for Fed to come out a different package where tax credit limit drops from 55K and hence Tesla will lower the price again. lol. Jokes aside, Is it worth it to trade in my existing model 3 to Tesla, I mean 2 separate transactions, using proceeds of existing model 3 and applying to new model Y order. Anyone knows how that works? if that still qualifies for 7500 tax credit?
theyre going to offer you like 25k for your m3.. it will be like counted towards the down payment

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Jan 13, 2023 9:27 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 9:27 PM
509 Comments
Quote from Core2Quad :
Constant range anxiety and constantly need to plan your route, what if you want to just go out and about and drive in some more remote areas? Constant worry. I did a 5 hour drive recently to pick something up, about 2.5 hours each way no stops. It would have been so much less enjoyable to have to stop and charge for 30-40 minutes. I'd rather just get home. These cars just don't make any sense, I'm baffled by the lack of PHEV's on the market. 95% of people drive less than 50 miles a day. Why not run a PHEV and 95% of the time you are on pure electric. Then when you need the range on a long trip, you have it without worry. A friend of mine had a Y for a few months and hated it. He also wasn't getting nearly the advertised range. He sold it and got a gas Lexus SUV.
i mean he can do that.. or if you're smart.. just buy the cheap tesla.. and when u want to go on a road trip.. just do a rental... how often u gonna do long trips cross country?

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