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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 2:50 AM
372 Comments
Joined Jun 2013
Mornsd1Jan 14, 2023 2:50 AM
372 Comments
Quote from vndragonslayer :
yes theres is the california cvrp $2k for the rich and $7500 for the poors after feb 28th
What do you mean after Feb 28th? You need to take delivery of the car after Feb 28 to qualify or I can take delivery in January?
Jan 14, 2023 2:51 AM
4.8K Comments
Joined Jan 2007
geoffkinJan 14, 2023 2:51 AM
4.8K Comments
Quote from cscamp20 :
EVs are not for low income people or families.
Used LEAF and Bolts ARE.
Jan 14, 2023 2:51 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 2:51 AM
509 Comments
Quote from Mornsd1 :
What do you mean after Feb 28th? You need to take delivery of the car after Feb 28 to qualify or I can take delivery in January?
u can buy it now.. apply after 28th of feb for the cvrp rebate
Jan 14, 2023 2:52 AM
164 Comments
Joined Feb 2018
yohyohJan 14, 2023 2:52 AM
164 Comments
Cars are overpriced I the US
2
Jan 14, 2023 3:01 AM
14 Comments
Joined Dec 2022
TalentedTree957Jan 14, 2023 3:01 AM
14 Comments
If I order custom will I get it before March? Is it better to order from invetory or custom order, they don't have the color I want in the inventory.
Jan 14, 2023 3:02 AM
15.4K Comments
Joined Sep 2009
KnightshadeJan 14, 2023 3:02 AM
15.4K Comments
Quote from juiceman311 :
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.

You realize the Porsche Taycan EV outsold the 911 in 2021, right? LMAO

https://www.cnet.com/roadshow/new...ales-2021/



Quote from blahwoop :
So if New Jersey has it's own EV rebate I can take another $2000 off?

As long as you meet whatever Njs requirements are, sure



Quote from TalentedTree957 :
If I order custom will I get it before March? Is it better to order from invetory or custom order, they don't have the color I want in the inventory.

Probably? No way to know definitively though. Tesla builds in batches, when they do a batch of whatever you ordered and have enough to match you to a VIN they will. It's possible there's already some in transit, but not in inventory and you get matched almost immediately (one guy did a few pages ago, delivery is Jan 14). Or it might be a while depending when they do the next batch of what you want.
Last edited by Knightshade January 13, 2023 at 07:06 PM.
Jan 14, 2023 3:04 AM
5.1K Comments
Joined Jan 2011
thumper300zxJan 14, 2023 3:04 AM
5.1K Comments
Note on the vehicle credit...

Nevermind. Didn't realize this thread was already so long. Stick Out Tongue
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Jan 14, 2023 3:07 AM
20 Comments
Joined Dec 2014
NawazAJan 14, 2023 3:07 AM
20 Comments
Pulled the trigger on it! Does anyone know if you have to finance through Tesla or can you finance through 3rd party bank? Gracias.
Jan 14, 2023 3:07 AM
1.3K Comments
Joined May 2013
2Eight0Jan 14, 2023 3:07 AM
1.3K Comments
Quote from yohyoh :
Cars are overpriced I the US
What isn't?
Jan 14, 2023 3:11 AM
586 Comments
Joined Jan 2007
dtwizzyJan 14, 2023 3:11 AM
586 Comments
Quote from Mornsd1 :
I wonder this as well because I think now that the price is lower it should qualify.
Wondering same. There is another rebate that doesn't qualify anymore as of March 2022 due to Tesla price it says. But now that it's lowered, I wonder if they'll adjust it
Jan 14, 2023 3:12 AM
147 Comments
Joined Oct 2017
LovePotion9Jan 14, 2023 3:12 AM
147 Comments
Quote from TofuVic :
The cap is $80,000 for the Model Y Long Range 7-seat I ordered, so it would have qualified.

I hope this helps,
Tofu Vic
At the time you bought in Dec of 2022 and yes it qualified. Currently on Tesla website clearly read cap @$55K anything above that is a NO. So if you would buy now instead of last year you still would not qualify anyway if the 7-seat is added.
Jan 14, 2023 3:13 AM
425 Comments
Joined Jan 2014
ShawnS4430Jan 14, 2023 3:13 AM
425 Comments
Quote from blahwoop :
So if New Jersey has it's own EV rebate I can take another $2000 off?
Tesla was supposed to meet with the BPU in charge of the NJ charge up program. They need to get the model y added to the list of eligible vehicles, but it should not be a problem as it meets eligibility now. Nothing definite yet but looks promising
Jan 14, 2023 3:13 AM
406 Comments
Joined Apr 2013
redfan11Jan 14, 2023 3:13 AM
406 Comments
Quote from teucer :
At the moment this is probably the cheapest AWD SUV you'll find that also gets the tax credit. Not sure if Ioniq 5 still qualifies for Tax credit or not but that would def be a contender.

But if you can wait til 2024, you'll get the tax credit at the time of purchase and a cheaper car for example: Chevy Equinox EUV; this does of course assume they will meet the adjusted requirements for the credit.
Income limits will apply then too correct?
Jan 14, 2023 3:13 AM
2.6K Comments
Joined Apr 2008
cheapodealJan 14, 2023 3:13 AM
2.6K Comments
Quote from yohyoh :
Cars are overpriced I the US
Not know of other countries but in Canada and Singapore, cars are waaaaaay expensive than USA.

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Jan 14, 2023 3:15 AM
4.3K Comments
Joined May 2010
pointbobJan 14, 2023 3:15 AM
4.3K Comments
so i guess the recession is all bullshit if there's so many high rollers in america to afford a 50k car with an interior that's worse then a camry. you all know it takes at least 10-15 years of driving an ev before you can break even depending on fuel prices. yeah. you care lol.
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