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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 9:12 PM
304 Comments
Joined Dec 2016
anhdongtxJan 14, 2023 9:12 PM
304 Comments
Quote from AlexK6706 :
Why does the best vehicle money can buy need $7500 credit to get it off the lot?
It doesn't
2
Jan 14, 2023 9:12 PM
225 Comments
Joined Jun 2004
se-riouslyJan 14, 2023 9:12 PM
225 Comments
Quote from pugxiwawa :
Battery is warranty 8 years 120k miles. Why you worry about it? And there are plenty of tests done for people who drive last 120k and battery only has 15-20% degradation. It's like worrying about paying for engine replacement after 8 years when you are shopping for ICE car.
It's actually like worrying about engine/transmission replacement on an ICE car after 5 years or 60K miles (the typical powertrain warranty).
Jan 14, 2023 9:14 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 9:14 PM
399 Comments
Quote from anhdongtx :
It doesn't
Right, it just needs a $14k price drop plus a $7500 tax credit to get it off the lot.
Jan 14, 2023 9:15 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 9:15 PM
2.5K Comments
Quote from anhdongtx :
It doesn't
It doesn't but this thread is 200 pages long?
4
Jan 14, 2023 9:15 PM
36 Comments
Joined Aug 2013
JamesH9564Jan 14, 2023 9:15 PM
36 Comments
Quote from AlexK6706 :
I'm not interested in history, I'm interested in current market conditions. If tesla was a reliable luxury sports cars it would neither have a 4 year warranty nor it would get it's ass beaten by an ICE SUV.
The quality benchmarks in car industry, such as Lexus, all have 4-year quality. That doesn't make them less reliable than Hyundai. The point is: don't use the length of warranty as the argument.

Similarly, some ICE SUVs have large engines so they regularly beat sports cars nowadays, even legendary sports cars. Again it doesn't mean those sports cars cease to become sports cars. Straight line acceleration doesn't mean as much for a sports car fan as other things - handling/size/weight/etc.
Jan 14, 2023 9:16 PM
225 Comments
Joined Jun 2004
se-riouslyJan 14, 2023 9:16 PM
225 Comments
Quote from gLaDiAtOr73 :
Do you guys recommend full self driving? Also does the 15k put you above the tax credit threshold?
Yes, it would put it above the credit threshold. So don't add it when you buy it. After you take delivery, subscribe to it for $200/month, decide if it's worth it to you, and then add it later for $15K.
Jan 14, 2023 9:16 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 9:16 PM
399 Comments
The simple truth here is if Tesla was the best car ever and had no competition then Tesla wouldn't be dropping their prices by 20% in order to make sure their cars qualify for the credit. If all the other cars are so bad they wouldn't care about people buying them just to get the credit. Tesla itself is proving that it is scared of competition from other brands. No two ways about it.
2

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Jan 14, 2023 9:17 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 9:17 PM
2.5K Comments
Quote from JamesH9564 :
The quality benchmarks in car industry, such as Lexus, all have 4-year quality. That doesn't make them less reliable than Hyundai. The point is: don't use the length of warranty as the argument.

Similarly, some ICE SUVs have large engines so they regularly beat sports cars nowadays, even legendary sports cars. Again it doesn't mean those sports cars cease to become sports cars. Straight line acceleration doesn't mean as much for a sports car fan as other things - handling/size/weight/etc.
Tesla was found to be one of the most unreliable brands in America, according to Consumer Reports' annual reliability report.
1
Jan 14, 2023 9:19 PM
1.7K Comments
Joined Jul 2015
baller11111Jan 14, 2023 9:19 PM
1.7K Comments
Quote from Freshmilk :
at risk of sounding like I'm advocating for Tesla, EVs absolutely promote cleaner air, in a number of ways. the emissions generated even from our dirtiest power source (coal fire power plants) to generate the power necessary to charge a battery that propel a cars are far less toxic than what is generated by an on board combustion engine generating the same power, even a relatively "clean" one. claims to the contrary are what is, in fact, pure myth.

battery disposal is an environmental concern for sure but not one that directly impacts air quality so much. I was speaking only of cleaner air, living in a highly populated area with intensely heavy vehicle traffic, it's a part of daily life here
you forgot about mining all the rare earth minerals used in the battery
1
Jan 14, 2023 9:20 PM
225 Comments
Joined Jun 2004
se-riouslyJan 14, 2023 9:20 PM
225 Comments
Quote from FancyWren413 :
So if someone bought a steak for $16 and ate it, then next month it's on sale for $10 did they lose $6?
The problem with you steak example is that you can't resell it after you've consumed it. A car can be resold after it has been used for a while.
Jan 14, 2023 9:21 PM
213 Comments
Joined Jun 2008
zipxavierJan 14, 2023 9:21 PM
213 Comments
Quote from mustangpony :
https://www.sce.com/residential/r...-Rate-Plan [sce.com]

Welcome to California
"Most people in the country pay nothing near that" is what i said. Of course there's outliers
Jan 14, 2023 9:22 PM
348 Comments
Joined Aug 2007
DanCarJan 14, 2023 9:22 PM
348 Comments
Quote from baller11111 :
you forgot about mining all the rare earth minerals used in the battery
Tell us which rare earth minerals are used in the battery? None.
2
Jan 14, 2023 9:22 PM
213 Comments
Joined Jun 2008
zipxavierJan 14, 2023 9:22 PM
213 Comments
Quote from tqlla3k :
Oh really? How much is it to supercharge during peak hours in your area?
I've supercharged 4 times in 5 years, who cares about supercharger rates. It's about home electricity rates.
1
Jan 14, 2023 9:24 PM
778 Comments
Joined Jan 2013
j4c11Jan 14, 2023 9:24 PM
778 Comments
Quote from se-riously :
It's actually like worrying about engine/transmission replacement on an ICE car after 5 years or 60K miles (the typical powertrain warranty).
It's really not the same thing. A powertrain is a collection of parts which can be repaired individually. Torque converter goes? You replace that. Transmission goes? You replace that. Engine is worn? You rebuild it. It's a matter of if.

In contrast, loss of battery capacity is a well know unavoidable side effect of every charge cycle, and is not fixable. It's a matter of when.

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Jan 14, 2023 9:24 PM
304 Comments
Joined Dec 2016
anhdongtxJan 14, 2023 9:24 PM
304 Comments
Quote from AlexK6706 :
It doesn't but this thread is 200 pages long?
I went for lunch, took a nap and you are still here, obsessed with it. That's why.
1

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