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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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Jan 14, 2023 7:17 PM
102 Comments
Joined Jan 2018
SeongCJan 14, 2023 7:17 PM
102 Comments
Quote from dealhunt_101 :
I was exactly in the same boat. Was considering a 2021 certified RX350, which I could have bought for around 45-46k. Over 12 years/100k miles, it would have cost me 30k in gas and maintenance, and assumed zero salvage value. A total lifetime cost of ~75k.


Model Y at 46k (after 7.5k federal + 2k NJ credit), over 12 years/100k miles will cost me 12-14k in charging and maintenance, for a lifetime cost of ~60k. Hard to ignore the cost saving.
You left out no sales tax on EV in NJ
Jan 14, 2023 7:20 PM
36 Comments
Joined Aug 2013
JamesH9564Jan 14, 2023 7:20 PM
36 Comments
Quote from EliteDealHunter :
Probably the best setup right now is a fun to drive car for daily use (could be the M3P) and then a true sports car for the weekends if you're into track days and such. That was my plan but then I ended up selling the M3P for another tiny sports car for daily use. So now I have two small RWD manual cars… figured it might be the last of an era so get them while I can before flipping back to electric in the future.
+1 to EliteDealHunter. I have a stick-shift 911 for the weekend driving in Santa Cruz mountains, but my daily driver is a Model 3 which is more sporty and exciting to drive than a lot of other cars. Perfect combination for my situation but all depends on your own needs and wants.
Jan 14, 2023 7:22 PM
199 Comments
Joined Jul 2015
mitzechoJan 14, 2023 7:22 PM
199 Comments
Quote from NathanR3270 :
Technically you could
Sorry? How
Jan 14, 2023 7:23 PM
340 Comments
Joined May 2008
DoctorBoudreauJan 14, 2023 7:23 PM
340 Comments
Pass until radar comes back. Also saw a post where a Model Y P owner was shown removing caliper covers from his "performance" brakes to reveal the bog standard ones. Nice upgrade Tesla.

This is a good price but not buying a Tesla right now. Stuff like the brakes, panel gaps, lack of dealers/service, dumb crap like refusing to do CarPlay - maybe some day
1
Jan 14, 2023 7:25 PM
36 Comments
Joined Aug 2013
JamesH9564Jan 14, 2023 7:25 PM
36 Comments
Quote from Ghost :
I have a M3 with FSD. Not worth it right now. I believe the cap is on the MSRP and software doesn't count towards that.

In short, no and no.
+1. I did try FSD and it was so buggy and useless after the novelty wore off, there is no way I'll pay $1K for it, let alone $15K.
Jan 14, 2023 7:29 PM
1.3K Comments
Joined Jan 2008
mankuJan 14, 2023 7:29 PM
1.3K Comments
Quote from DoctorBoudreau :
Pass until radar comes back. Also saw a post where a Model Y P owner was shown removing caliper covers from his "performance" brakes to reveal the bog standard ones. Nice upgrade Tesla.

This is a good price but not buying a Tesla right now. Stuff like the brakes, panel gaps, lack of dealers/service, dumb crap like refusing to do CarPlay - maybe some day
Your loss.

I have the cheapest Tesla, and it's the most fun car I've ever owned. All the stuff you mention is something that only nerds on bulletin boards talk about...I've never heard another owner of a Tesla talk about it...and I live in Tesla central (Westside of Los Angeles), where it seems half the homes own at least one in their garage.​
Jan 14, 2023 7:31 PM
2 Comments
Joined Jan 2023
BrightApple762Jan 14, 2023 7:31 PM
2 Comments
Does base M3 (43,990) get a 4K rebate in NJ? There seems to be a rebate of 4K for vehicles under 44k. But the Tesla website only shows 2k rebate.

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Jan 14, 2023 7:31 PM
36 Comments
Joined Aug 2013
JamesH9564Jan 14, 2023 7:31 PM
36 Comments
Quote from EliteDealHunter :
Well that aspect is one thing, but the Tesla vehicles are pigs in terms of handling and weight. I'm waiting for a company to make an actual electric sports car before I go back to EV. Teslas are more like classic muscle cars with straight line speed and terrible handling. I'm hoping for an electric Miata or S2000 successor. The new hybrid Corvette E-ray is also intriguing.
But the battery weight kills the handling, no matter how much horsepower (or electric power) the car has. That is why Miata and Lotus are so good because of their light weight even thought their power is so little compared to other cars. I wish I could be as optimistic on the electric sports cars. :-)
Jan 14, 2023 7:34 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 7:34 PM
2.5K Comments
Quote from manku :
Your loss.

I have the cheapest Tesla, and it's the most fun car I've ever owned. All the stuff you mention is something that only nerds on bulletin boards talk about...I've never heard another owner of a Tesla talk about it...and I live in Tesla central (Westside of Los Angeles), where it seems half the homes own at least one in their garage.​
Now take your econobox for a spin to Corona Del Mar and see if people with AGI above $150k drive teslas.
1
Jan 14, 2023 7:36 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 7:36 PM
2.5K Comments
Quote from JamesH9564 :
But the battery weight kills the handling, no matter how much horsepower (or electric power) the car has. That is why Miata and Lotus are so good because of their light weight even thought their power is so little compared to other cars. I wish I could be as optimistic on the electric sports cars. :-)
Tesla owners already think they drive a sports car so no worries about them.
Jan 14, 2023 7:37 PM
1.3K Comments
Joined Jan 2008
mankuJan 14, 2023 7:37 PM
1.3K Comments
Quote from AlexK6706 :
Now take your econobox for a spin to Corona Del Mar and see if people with AGI above $150k drive teslas.
I had lunch at Gulfstream in NB a few months ago...half the cars in the lot were Teslas.

I'm not sure if there was a car owner in that mall that had an AGI less than 150K.

What is your point?
Jan 14, 2023 7:39 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 14, 2023 7:39 PM
535 Comments
Quote from AlexK6706 :
Now take your econobox for a spin to Corona Del Mar and see if people with AGI above $150k drive teslas.
Why wouldn't they? They want the very best and that's Tesla.
Jan 14, 2023 7:40 PM
1.2K Comments
Joined Nov 2020
mattymsu25Jan 14, 2023 7:40 PM
1.2K Comments
Quote from pugxiwawa :
Why wouldn't they? They want the very best and that's Tesla.
bahahahahaha
Jan 14, 2023 7:40 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 7:40 PM
2.5K Comments
Quote from pugxiwawa :
Why wouldn't they? They want the very best and that's Tesla.
What other cars have you driven?

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Jan 14, 2023 7:42 PM
90 Comments
Joined Jul 2006
shopat936Jan 14, 2023 7:42 PM
90 Comments
Quote from manku :
Your loss.

I have the cheapest Tesla, and it's the most fun car I've ever owned. All the stuff you mention is something that only nerds on bulletin boards talk about...I've never heard another owner of a Tesla talk about it...and I live in Tesla central (Westside of Los Angeles), where it seems half the homes own at least one in their garage.​
Just curious how cheap is your Tesla?

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