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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 2:35 AM
37 Comments
Joined Mar 2011
j2bowJan 14, 2023 2:35 AM
37 Comments
Quote from mach4 :
Adjusted Gross Income Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
Is there a phase out or if your income is $1 over the limit you lose the full credit?
Jan 14, 2023 2:35 AM
223 Comments
Joined Jul 2004
jerrorandaJan 14, 2023 2:35 AM
223 Comments
For the tax credit is it till the end of March 2023?
Jan 14, 2023 2:37 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 2:37 AM
509 Comments
Quote from seanleeforever :
Jokes aside (since I had to look at price for other vehicles to see if this indeed is a good deal)

The 200 hp hybrid CR-V is 40k without options
The elite pilot is 52k without options
and gr corolla is 36k

so going with Honda or Toyota over Tesla only if you are rich
thats what im trying to tell these low bracket folks who are still driving their 90s ice.. they havent stepped inside a dealership within past 18 months
3
Jan 14, 2023 2:38 AM
1.9K Comments
Joined Feb 2013
AustinM8565Jan 14, 2023 2:38 AM
1.9K Comments
Quote from vndragonslayer :
and thinking you can afford a middle range luxury while low tier bottom totem pole tax bracket is?
those panel gaps scream luxury lol. Honestly you are making electric car owners look bad by how sensitive you are haha.
1
Jan 14, 2023 2:38 AM
496 Comments
Joined Mar 2009
lolo978Jan 14, 2023 2:38 AM
496 Comments
Why didn't they put Model Y Pro at 55k to take advantage of this program? seems like a missed opportunity.
Jan 14, 2023 2:39 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 2:39 AM
509 Comments
Quote from AustinM8565 :
those panel gaps scream luxury lol.
let me remind how foolish and dumb you are for thinking i drive a luxury "tesla"

ROFLMAOCOPTERDOWN
Pro
Jan 14, 2023 2:40 AM
10.4K Comments
Joined Jul 2007
jplee3
Pro
Jan 14, 2023 2:40 AM
10.4K Comments
Quote from Gnomeslayer :
Highly recommend if you're considering a Tesla (or any car for that matter) that you rent one for a week or two and make sure you like it. Personally did this with a Tesla in the past and I'm glad I did, because it just wasn't the car for me I decided.

Honestly I'm shocked folks make such a big purchase like a car with just a single test drive, or in the case of Tesla's that you might order online, no test drive at all! Make sure you really like the car, rent one for a couple weeks and see how it feels!
Most of my friends who have one swear by it... I'm sure some of them are telling the truth but I wonder if some really don't like the car, are in denial, and/or are pretending that it's the best thing since sliced bread. Perhaps it's the honeymoon phase, especially with owning a Tesla, where you only see the best and overlook all the faults... wait, what faults? lol

One of my friends keeps saying its the best EV there is out there... nothing else can compare. *shrug* the problem is that there really arent a ton of other options....so maybe that's true but maybe that just means that it's not the best time to buy either? not sure i like the idea of being a captive customer...
Last edited by jplee3 January 13, 2023 at 07:11 PM.

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Jan 14, 2023 2:41 AM
159 Comments
Joined Feb 2022
LovelyGiraffe4883Jan 14, 2023 2:41 AM
159 Comments
Quote from Knightshade :
Thankfully this nonsense of yours has been debunked so often a quick google saves everyone lots of time


https://www.forbes.com/sites/mike...b512642320 [forbes.com]

https://www.bloomberg.com/news/ar...ly-on-coal [bloomberg.com]

https://www.recurrentauto.com/res...ll-cleaner [recurrentauto.com]

https://thedriven.io/2021/02/12/e...ered-grid/ [thedriven.io]

https://www.ucsusa.org/sites/defa...soline.pdf [ucsusa.org]


Just the top 5 hits all showing even a 100% coal grid powering EVs is cleaner than gasoline cars.

Because, again, central power plants are MUCH more efficient than distributing your power plants into individual gas engines that waste most of their fuel as heat instead of powering the car.

And of course nearly 80% of US power comes from cleaner sources than coal.






But Tesla quite notoriously never settles suits like that.

So no lawyer is dumb enough to waste their own money on this knowing it'll only cost them and get nothing in return since there's no legal basis for a suit. Not even the pretense of one.
burning a pound of coal emits 2.07 pounds of CO2.
19.6 pounds of CO2 produced from burning a gallon of gasoline
It seems coal stays on top for that aspect (as the car on top would need about 24 pounds of coal and the alternative around 1.5 gallons of gasoline.
As there are many other substances emitted from both the comparison would take time.
Anyways it's not from your sources I'll believe anything.
The brute data is more factual.


1
Jan 14, 2023 2:43 AM
1.3K Comments
Joined Sep 2006
blahwoopJan 14, 2023 2:43 AM
1.3K Comments
So if New Jersey has it's own EV rebate I can take another $2000 off?
Jan 14, 2023 2:44 AM
488 Comments
Joined Nov 2008
bard8910Jan 14, 2023 2:44 AM
488 Comments
Quote from jerroranda :
For the tax credit is it till the end of March 2023?
I have the same question
Jan 14, 2023 2:44 AM
242 Comments
Joined Feb 2008
putnamdefjabJan 14, 2023 2:44 AM
242 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
Ahhh TofuVic - I'm too lazy to find the thread but clearly loves running the numbers - as he did a price / sq in analysis for a TP deal a few years ago
Jan 14, 2023 2:45 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 2:45 AM
509 Comments
Quote from blahwoop :
So if New Jersey has it's own EV rebate I can take another $2000 off?
thats a bingo..
triple effect in progresss..
elon disrupting the car industry..
lower price,, tax credit.. local state rebate.. BAM...
Jan 14, 2023 2:45 AM
267 Comments
Joined Jul 2008
juiceman311Jan 14, 2023 2:45 AM
267 Comments
I guess in the eyes of the federal government, households earning more than 300K don't add to pollution and aren't incentivized to purchase an EV. 911 it is, baby.
1
Jan 14, 2023 2:46 AM
13.2K Comments
Joined Feb 2008
AkumaXJan 14, 2023 2:46 AM
13.2K Comments
Quote from warlock110 :
50 Kwh on the model 3 get you 270 miles.
I get 550+ miles on a tank of gas (15 gallon).

50 Kwh in my area is roughly 17.5 dollars (35 cents a kw). but you need to 2X it to get the same range as my tank of gas. so that's 35 bucks.

My tank of gas costs me some where between 60 to 70 dollars..

So 2X... not sure where the 3.5X is coming from.

Also my car costs 20k, the model 3 is maybe 45k?

how long do you think it takes to drive 25k worth of gas in my car? it would take me 178k miles to cover the 25k difference in gas money. By that time it cost the Tesla another 11.5k of electric. Make sure the tesla get to 178k miles lol. And yes my car is also a little bigger than that model 3... the model 3 is tiny.
Holy sh!t that mileage is AWESOME!! My dumb minivan gets 320 miles w/ 20 gal and the SUV also gets 320 miles w/ 16 gal (but takes Premium sighhhh)

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Jan 14, 2023 2:48 AM
5.2K Comments
Joined Sep 2012
cscamp20Jan 14, 2023 2:48 AM
5.2K Comments
Quote from arribasn :
you have to be low income, buy from a dealer and I think max price is like $25000 so you are looking at used Leaf or Bolt
EVs are not for low income people or families.
3

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