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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 14, 2023 2:12 AM
14 Comments
Joined Dec 2022
TalentedTree957Jan 14, 2023 2:12 AM
14 Comments
Quote from tobey17 :
Yes CORRECT!!!
We usually get tax refund at the end of the year for a family of four eventough we pay alot federal tax, Do we still get the $7500 tax credit?
1
Jan 14, 2023 2:13 AM
114 Comments
Joined Nov 2012
smksinger123Jan 14, 2023 2:13 AM
114 Comments
Quote from mojo-jojo26 :
No, only order number.
VIN will be assign when car started building for custom order.
For available inventory cars, you should able to see VIN on product page before purchasing.
I got mine, delivery Sunday. Order placed today.
Jan 14, 2023 2:13 AM
1.9K Comments
Joined Feb 2013
AustinM8565Jan 14, 2023 2:13 AM
1.9K Comments
Quote from Knightshade :
You're taking out an imaginary car loan that lasts as long or longer than the average person even owns the car for and calling other people fools.

This HAS to be a parody account, right? Applause





Look at line 24 of your 1040.

You get that much back, to a max of $7500.
The only thing to be considered parody is thinking owning a mid range car is special
Jan 14, 2023 2:14 AM
3.3K Comments
Joined Feb 2007
po-90260Jan 14, 2023 2:14 AM
3.3K Comments
Quote from vndragonslayer :
u can request test drive with tesla..
How much will they pay me?
1
Jan 14, 2023 2:14 AM
57 Comments
Joined Nov 2016
pmkpmJan 14, 2023 2:14 AM
57 Comments
Quote from supreme999 :
I got VIN Assigned within a hour of placing order.they added a delivery date between jan14th to 17th
For custom order?
Jan 14, 2023 2:14 AM
1.9K Comments
Joined Feb 2013
AustinM8565Jan 14, 2023 2:14 AM
1.9K Comments
Quote from TalentedTree957 :
We usually get tax refund at the end of the year for a family of four eventough we pay alot federal tax, Do we still get the $7500 tax credit?
A tax refund means you paid too much taxes. It doesn't mean you didn't pay any taxes.
1
Jan 14, 2023 2:14 AM
15.4K Comments
Joined Sep 2009
KnightshadeJan 14, 2023 2:14 AM
15.4K Comments
Quote from TalentedTree957 :
We usually get tax refund at the end of the year for a family of four eventough we pay alot federal tax, Do we still get the $7500 tax credit?

Look at line 24 of your 1040.

You get that much back, to a max of $7500.



Quote from pmkpm :
For custom order?

FWIW Tesla is not build to order- when you order a specific config the system first tries to match you to something already in inventory (or already being shipped from the factory somewhere). If there's a match you'll get a pretty quick delivery date. If there's not your wait will be longer-- how much longer depends when the factory does the next batch that matches your order (since it's faster to do a batch of similar cars at a time than different ones each build)


Quote from quickstart88 :
Claim 0 on feds tax

Withholding is totally irrelevant to qualifying for the credit or not
Last edited by Knightshade January 13, 2023 at 06:18 PM.

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Jan 14, 2023 2:16 AM
566 Comments
Joined Jul 2008
bdotcomJan 14, 2023 2:16 AM
566 Comments
Quote from akash91 :
if I buy it now, will income for year 2022 be considered or 2023 or lesser (2022, 2023)
Per the IRS website , the AGI figure could be from the same year as the year you bought the car or the year prior, which ever is less.

https://www.irs.gov/credits-deduc...3-or-after
Jan 14, 2023 2:16 AM
4.3K Comments
Joined Jun 2010
alMacJan 14, 2023 2:16 AM
4.3K Comments
Quote from mojo-jojo26 :
silver metallic was free until eastern afternoon today 01/13/2023.
Now after reading your comment, I re-checked and its not.
Feels like Tesla selling candies and prices are based on the person on the other side of the counter.
This is Nickle diming the car now so it looks.

The good thing out of this is it will force other EV car makers to lower their prices. Prices will need to come down further.

Unless one is going for full FSD, currently Tesla does not make sense for most...that is how I understood by test driving the car.
1
Jan 14, 2023 2:17 AM
140 Comments
Joined Aug 2015
quickstart88Jan 14, 2023 2:17 AM
140 Comments
Quote from dvrrajesh :
My daughter is doing residency and she gets around 65k/year. I know i am not eligible. As of now she gets taxes withhold and end of year I am sure she may not owe any taxes. How do I get her to withhold taxes so that she owes 7.5k? Any help. I just placed an order for model Y. Do I register in her name ?

Also I found new one locally 100 miles away with the specs I wanted. So I ordered that one instead of doing custom order.
Claim 0 on feds tax
Jan 14, 2023 2:18 AM
159 Comments
Joined Feb 2022
LovelyGiraffe4883Jan 14, 2023 2:18 AM
159 Comments
Quote from Knightshade :
That's simply not true.

An EV is cleaner than an ICE car, regardless of where the power comes from.

it gets cleaner STILL the more green the power grid is of course.

But even if it was burning oil at the power plan to send you electricity, that's more efficient (MUCH more efficient) than burning it in a bunch of individual gasoline engines where far more of the fuel is wasted as heat.



They come with basic autopilot... (it will steer within its own lane, and maintain speed and distance in that lane).





It caps at 80k for SUVs, like the 7-seat Model Y

If you want the more advanced features you have to pay for them (either EAP or FSD-you can check the website for details on what each of those includes and what they cost).
I'm pretty sure coal is the worst source of energy out of all the possible options, so that already doesn't work out.


It would seem on average EV consume 20 kWh per 100 Km (the Y model consumes about 17.2 kWh, to that you need to add the 15% charging loss, so it brings you to about 20kWh),


Coal–1.12 pounds/kWh
Natural gas–7.36 cubic feet/kWh
Petroleum liquids–0.08 gallons/kWh
To that you need to account for the 6% average loss during step up and step down as well as what is lost from the cable length (so 1kWh produced will be 0.940 kWh at your house).
Meaning you add about 6.4% to the consumption (you need around 1.064 kWh to get 1 kWh) .
So a car consuming 20 kWh/100 Km * 0.08*1.064 = 1.702 gallons = 6.5 L of petroleum.


As an example Skoda octavia (seemed to be around the same size) 5.2 to 6.8L/100km of gasoline

What would be interesting is to compare the energy stored by both fuels and their pollution (per liter burned).
But even from this it doesn't seem promising for EVs (from the beginning as coal was involved, it wasn't interesting anymore)..

Here are some low consumption vehicles. (didn't come out nicely, probably should have screen shot it)



NameCategoryEnergyCitytripfreewayaverage
Skoda Octavia TDI 116 mécaBerlineDiesel5,1 l/100 km5 l/100 km4,7 l/100 km5 l/100 km
Kia Niro hybride rechargeableSUV compactgasoline/Elec5 l/100 km5,1 l/100 km6,1 l/100 km5,3 l/100 km
Skoda Octavia Combi TDI 150 DSGBreakDiesel5,8 l/100 km5,4 l/100 km5,3 l/100 km5,5 l/100 km
Dacia Duster dCi 115 mécaSUV compactDiesel5 l/100 km5,5 l/100 km6,6 l/100 km5,5 l/100 km
Kia Niro hybrideSUV compactgas/Elec4,8 l/100 km5,3 l/100 km7,5 l/100 km5,5 l/100 km
Renault Arkana urlhasbeenblocked 145SUV familialgas/Elec4,6 l/100 km5,9 l/100 km7 l/100 km5,6 l/100 km
Peugeot 508 SW BlueHDi 130 autoBreakDiesel6,2 l/100 km5,4 l/100 km5,3 l/100 km5,7 l/100 km
BMW 320d auto.BerlineDiesel6,3 l/100 km5,6 l/100 km5,8 l/100 km5,9 l/100 km
Toyota RAV4 HybrideSUV familialgas/Elec4,9 l/100 km6,1 l/100 km8,3 l/100 km6 l/100 km
Mercedes Classe C 220d auto.BerlineDiesel7 l/100 km5,5 l/100 km5,4 l/100 km6,1 l/100 km
Peugeot 3008 BlueHDi 130 mécaSUV compactDiesel5,7 l/100 km6,1 l/100 km7 l/100 km6,1 l/100 km
Seat Ateca TSI 150 DSGSUV compactgasoline6,2 l/100 km6 l/100 km6,3 l/100 km6,1 l/100 km
Honda HR-V e:HEVSUV compactgas/Elec4,7 l/100 km6,3 l/100 km8,5 l/100 km6,1 l/100 km
Kia XCeed 1.6 Diesel 136 auto.SUV compactDiesel6 l/100 km6 l/100 km7,1 l/100 km6,2 l/100 km
1
Jan 14, 2023 2:19 AM
272 Comments
Joined Jan 2011
hmnguyen87Jan 14, 2023 2:19 AM
272 Comments
Quote from TalentedTree957 :
We usually get tax refund at the end of the year for a family of four eventough we pay alot federal tax, Do we still get the $7500 tax credit?
You need to check your tax liability line of your tax return. What ever the amount in that line is would be the amount of your credit up to $7500.
Jan 14, 2023 2:19 AM
114 Comments
Joined Nov 2012
smksinger123Jan 14, 2023 2:19 AM
114 Comments
Quote from 007charlesv1 :
Anyone got VIN after placing order ?
Yes, after uploading the driver's license info.
Jan 14, 2023 2:19 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 2:19 AM
509 Comments
Quote from AustinM8565 :
The only thing to be considered parody is thinking owning a mid range car is special
and thinking you can afford a middle range luxury while low tier bottom totem pole tax bracket is?

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Jan 14, 2023 2:19 AM
41 Comments
Joined Oct 2020
TheSource777Jan 14, 2023 2:19 AM
41 Comments
Quote from susko :
If you're bearish on these cars, you're flat out wrong. Thinking back on my 2 porsche's, beemers, audis, BRZ, gti's, parent's mercs is laughable. All so far behind in the tech and overall experience.

Take it from people that are into cars and money doesn't matter--whatever you think of him, millionaire rogan is a big car guy and has a real car collection..

https://www.youtube.com/watch?v=f...l=JREClips [youtube.com]
...bruh, my entire post was pro-Tesla based on my experienced owning one.

"
I've owned a Model 3 since early 2019. It's the best driving experience in the world, hands down. Four years, 0 maintenance. No oil changes, nothing. Just test-drive one, and you will see.

Yes, it doesn't have all the buttons and knobs of most cars. But it replaces that with amazing software. The fact that it has "sentry mode" which records anything that happens to your car when you're away. The fact that you can LIVE STREAM the car's cameras real-time from your phone. The fact that you can have a "dog mode" and leave your pet in there safely. So, so, so many small amazing things.

Tesla cars can do this - https://www.youtube.com/watch?v=lfucQM07tGQ (and you can download lightshows for any song from a community of hundreds of creators).

The fact that Tesla cars are THE safest mass-produced cars ever bult in the history of mankind. https://www.tesla.com/blog/model-...sted-nhtsa (a lot of this is due to the architecture of an electric car with its low center of gravity and extra crumple zones). Recent story of how Tesla fell off a 250 foot cliff and everyone survived - https://www.cnn.com/2023/01/03/us...index.html"
Last edited by TheSource777 January 13, 2023 at 06:23 PM.

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