Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

$52,990

$52,990

(For Qualifying Buyers)
2.7M Views
Visit Retailer
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

Community Voting

Deal Score
+839
Good Deal
Visit Retailer

Top Comments

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

12.3K Comments

Sign up for a Slickdeals account to remove this ad.

Jan 14, 2023 11:02 AM
2.7K Comments
Joined Aug 2006
YCGJan 14, 2023 11:02 AM
2.7K Comments
Quote from RedOctane :
I have purchased 4 Tesla's already, 3 Model X's and 1 Model Y and I am extremely happy with all of them. I would highly recomend the Model Y. After the 7500 tax credit you will drive the car for 2-3 years and will most likely make money on it
Besides better range, why do you recommend the Y over the 3?
Jan 14, 2023 11:17 AM
17 Comments
Joined Mar 2018
jdang7891Jan 14, 2023 11:17 AM
17 Comments
Please keep on buying Tesla vehicles! Now is the time to buy Tesla stock haha
Jan 14, 2023 11:33 AM
4.5K Comments
Joined Aug 2005
MydiscoverJan 14, 2023 11:33 AM
4.5K Comments
Quote from EagerCheetah269 :
CA residents can also qualify for $4500 state credit with price cap of $60k
https://cleanvehiclerebate.org/si...erview.pdf
Yeah too bad you still have to pay sales tax on that EV! LMAO
Jan 14, 2023 11:38 AM
97 Comments
Joined Feb 2007
spokzJan 14, 2023 11:38 AM
97 Comments
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
Jan 14, 2023 11:42 AM
53 Comments
Joined Sep 2018
SamudraLJan 14, 2023 11:42 AM
53 Comments

Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick
over 25K.
Jan 14, 2023 11:43 AM
53 Comments
Joined Sep 2018
SamudraLJan 14, 2023 11:43 AM
53 Comments
Quote from EagerCheetah269 :
CA residents can also qualify for $4500 state credit with price cap of $60k
https://cleanvehiclerebate.org/si...erview.pdf [cleanvehiclerebate.org]
Incorrect. you won't get the rebate. the car is no in their eligibility list.
Jan 14, 2023 11:44 AM
557 Comments
Joined Jun 2009

This comment has been rated as unhelpful by Slickdeals users.

Sign up for a Slickdeals account to remove this ad.

Jan 14, 2023 11:50 AM
386 Comments
Joined Jan 2011
slackinormackinJan 14, 2023 11:50 AM
386 Comments
Quote from tttred :
Why do we need to take the delivery by March , can we order today and take it later after March. Why does Tesla say it affects the 7500$ credit. Can someone explain this
Because the IRS had delayed a provision in the IRA bill that requires battery minerals to be sourced in north America until March. Once that provision is enacted presumably in March (but could be delayed again) Tesla cars would lose that portion of the EV rebate ($3750) since like most ev batteries their minerals are from China.
Jan 14, 2023 11:51 AM
386 Comments
Joined Jan 2011
slackinormackinJan 14, 2023 11:51 AM
386 Comments
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
You don't have to worry about batteries failing in 10 years. EVs are basically 0 maintenance cars.
1
Jan 14, 2023 12:08 PM
514 Comments
Joined Feb 2007
ParaRedJan 14, 2023 12:08 PM
514 Comments
Quote from peterau90 :
EV credit is not refundable, will not get a check from IRS
You're correct - the credit is limited to your tax liability. However, you could get a check for excess withholding due to the reduced tax liability and if you're expecting the tax credit and don't adjust your W4, most people will likely see a refund due to excess withholding.
Jan 14, 2023 12:12 PM
928 Comments
Joined Jul 2016
mike312Jan 14, 2023 12:12 PM
928 Comments
Quote from VishalV9046 :
Who has not received the VIN yet for a custom order? What time did you place the order? I placed the order 2 pm cst no VIN yet.
Custom may take some time. I ordered Y LR.They called me to pick up on Wednesday (Austin).. ordered 10 am CST Friday
Jan 14, 2023 12:13 PM
526 Comments
Joined Mar 2019
ggaproprosJan 14, 2023 12:13 PM
526 Comments
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
uhh years dont mean much, but if you drive normal miles then 200k will be easy for a model 3, look on youtube for high mile teslas
Jan 14, 2023 12:21 PM
432 Comments
Joined Jun 2011
RickyBobby26Jan 14, 2023 12:21 PM
432 Comments
The amount of misguided information on here is amazing. I should probably spend time doing other things, but her it goes.

1. Batteries - they will decrease in capacity and range. Your iPhone does it and every lithium does it. What does that mean? Well, it's most likely your car won't one day just shut off due to a battery failure. And if it does, there's a pretty good warranty on the drive train and battery. The likely scenario is that in 8-10 years, the capacity will fall maybe 15%. So that 330 mile range model y right now will be at 275ish give or take. They are recyclable and tesla actively recycles them. There's a good chance they'll just be reused in other things where capacity isn't an issue.

Charging:
For daily driving you'll save a lot of time and the expense of adding a little bit of time on the road trips. No more gas station visits. They aren't as convenient if you don't have a permanent place to charge at your home. You can charge with a regular wall outlet, but it's slow. 3-5 miles of range per hour. You'll want a 220v/40-50 power ran. It's the same as an electric dryer. There's a good chance you can add it on without any issues. You'll primarily be charging at night when nothing else is really running. Price to add this varies depending on where the electric panel is at in your house. 220v/32a through the mobile charger will add about 30 miles of range per hour. This is typically enough to fully charge over night. On most models, you'll charge to 80-90% full.
On road trips, Tesla has the best charging in the US. Super chargers charge anywhere at 150-250kw service compared to 4-6kw at home. They charge faster at empty slower near full so to optimize it, you stay more towards the empty end. Best option is to go to ABRP.com (a better route planner) and put in the model, enter the route and let it show you a rough estimate for time and charging stops. It's faster to charge from 10-70% each time than charging to 100% so you can maybe skip a stop. The last 20% takes a lot longer than charging 20% on an empty battery.

Savings and cost to charge: Battery sizes are somewhere in the 60-100kw size. I think a model is 75kw. Charging rates vary at super chargers anywhere from .20/kw-.55/kw. Depends on peak times and season it seams. If your charging at home, just look at your rates on your electricity bill. I have a special reduced rate during off peak times so my rate is $.05/kw after 8pm. So if my car was empty and I charged it full, it would cost $3.75. The savings add up vs gas. Right now I'm saving close to $1800/yr from not buying gas. That adds up over time.

Other notes:
- using the phone as a key is incredibly nice. No more keys in your pocket. It just works. Remotely warm up your car from anywhere, change settings, unlock things or check the cameras.
- they tend to go through tires faster. More torque available and you'll use it more. The instant acceleration is incredible. My tires were $800, YMMV.
- one pedal driving. I'll never want to go back. 95% of my driving I only use the "gas" pedal. I left off the gas and the car uses regenerative braking to charge the batteries and slow down. Such an underrated feature that isn't talked about.
- quality is blown out of proportion. How often do you look at the panel gaps of your current car? There could be an issue, but tesla will adjust them. I had them on my Nissan. Just inspect the car at delivery and make notes for them to correct.
- carbon footprint is more to make the vehicle, but way less in the life of the vehicle. I've read research reports that the break even point is anywhere from 25-45k miles. After that, it's more efficient that and ice alternative.
- tesla software is always improving. New features, new support (Spotify and Apple Music were added since I bought it) along with a ton of added convenient features. Your car will be even better in a couple of years thanks to updates.

I think everyone should have at least one electric vehicle for a daily driver. There can be those situations right now where they might not be as convenient on those long road trips. But my saved time during 95% of the remaining time in a year I come out way ahead. Your charging options now will only get better over the life of the vehicle. They might not be for everyone, but use the information to decide.
Last edited by RickyBobby26 January 14, 2023 at 08:37 AM.
Jan 14, 2023 12:21 PM
52 Comments
Joined Oct 2013

This comment has been rated as unhelpful by Slickdeals users.

Sign up for a Slickdeals account to remove this ad.

Jan 14, 2023 12:26 PM
15.4K Comments
Joined Sep 2009
KnightshadeJan 14, 2023 12:26 PM
15.4K Comments
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),?..
Battery warranty is already 8 years by default- and the vast vast majority of people with 10 year old Teslas (the first Model Ses came out in 2012) are still on their original batteries... (and newer batteries are a lot better/longer lasting as well)


Quote from achilles_xboxmode :
Ya.. big mistake we did by not maxing out 401k in 2022. But in 2023, even if we max out everything, we're expecting AGI to cross 300k. Not complaining.. just salty we cant get this deal Smilie

You can though...leases ignore the income cap so just find a lease company that passes the tax credit through (most, but not all, will do this)


Quote from Buckeyefan 1 :
Fast fact... Coal defeats the purpose of electric vehicles. .

Yeesh... this was soundly debunked just last night on this thread and now someone new is here spreading this FUD.

I mean, sources other than coal are BETTER-- but an EV running on coal electrcitity is still significantly cleaner than a gasoline car running on gasoline.

And since the vast majority of power in the US is NOT from coal, they're cleaner still.


Scroll back a few pages for half a dozen sources on this.
Last edited by Knightshade January 14, 2023 at 04:40 AM.

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

Popular Deals

Trending Deals