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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.

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Jan 14, 2023 10:08 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:08 PM
891 Comments
Quote from Mydiscover :
Also one more thing to mention is make sure you have a 240v charger at home before buying. Alot of the tesla charging booths are mostly full when you want to charge. I don't know how you feel about waiting half an hour before being able to charge. Also when the charging booths are full the charging is alot slower even on a level 3 super charger!
Charging is something to definitely think about before you get the car. Superchargers can be busy, cost more when you need them, and be slower than you need them to be depending on what you are charging to and how busy the location is. With that being said though, most newer apartment complexes have chargers that will charge at 10% per hour, so you can fully charge overnight. We had these in all our apartments before we bought our home and charging wasn't even a thought--just come home plug in and that's it. Car was always charged and ready to go. Now that we're in our own home, we do have to make supercharger trips, wake up early to get the cheap rates, and need to expand our power panel to be able to use our charger at home since our panel is only 100a. Luckily, my office has some chargers like what we used to have at our apartment so I can charge at work for less than I could at home.
Jan 14, 2023 10:08 PM
25.2K Comments
Joined Jul 2007
ReboundJan 14, 2023 10:08 PM
25.2K Comments
Quote from EliteDealHunter :
This is true. People that can afford Porsche are buying Porsche. Porsche to Tesla is a major downgrade. If you don't understand that then it explains why you think Tesla is the best car ever.
I rented a Model Y for ten days last month. It was nice.
The only performance feature is the 0-60 time. For sure, if somebody pulls up to you at a light, you can smoke them. But Model Y isn't very fun in twisty driving. It's a great freeway cruiser, it's very quiet, comfortable. My wife loved all the room in the front passenger seat. The driver assistance stuff makes it very comfortable and safe on a highway.

But it's not much fun if you're into spirited driving on twisty country roads. I'll take a BMW or a Mini Cooper over the Tesla any time.

I'm not saying one is better than the other. It's a matter of choice. A Porsche is VERY fun for spirited driving, but not great for cruising for hours on a highway.
1
Jan 14, 2023 10:12 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:12 PM
399 Comments
Quote from Rebound :
I rented a Model Y for ten days last month. It was nice.
The only performance feature is the 0-60 time. For sure, if somebody pulls up to you at a light, you can smoke them. But Model Y isn't very fun in twisty driving. It's a great freeway cruiser, it's very quiet, comfortable. My wife loved all the room in the front passenger seat. The driver assistance stuff makes it very comfortable and safe on a highway.

But it's not much fun if you're into spirited driving on twisty country roads. I'll take a BMW or a Mini Cooper over the Tesla any time.

I'm not saying one is better than the other. It's a matter of choice. A Porsche is VERY fun for spirited driving, but not great for cruising for hours on a highway.
This is basically my thinking as well. Twice now I have sold my Tesla to go back to performance ICE cars. If you are the type of person that is coming from a traditional sedan then you will likely find Tesla to be a decently driving car, albeit not as well appointed or nice driving as the true luxury brands.
Jan 14, 2023 10:14 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:14 PM
399 Comments
Quote from F1Racer :
You mean they are managing their business not based on lessening supply chain limitation, deflating costs & production effciencies?

How obtuse of you. Those years when the Dino's offer december to remember incentives & you didn't whine about that...

C'mon how hard is it to do a electrified empty box & still make billions.
I've never seen a 20% overnight price drop on a car people claim is the best car ever made.
3
Jan 14, 2023 10:15 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 10:15 PM
2.5K Comments
Quote from rrc06 :
musk is playing 3D chess with those clowns over in Germany.
Exactly that, buddy. Mus is playing 3d chess while "clowns" (too obviously you never had a German car because your AGI doesn't allow that) build cars.

7:33.95 Porsche Cayenne Turbo GT
7:35.579 Tesla Model S Plaid

Should I mention what happens if we compare that econobox to ICE car made by "clowns"?

6:38.835 Porsche 911 GT2 RS MR

Maybe spend some more time griniding leetcode, maybe you'll be able to finally afford a decent car?
2
Jan 14, 2023 10:15 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:15 PM
399 Comments
Quote from C304 :
No? On a $55000 vehicle, the tax credit is worth 13.6%. I don't know of any locale in the US that has sales tax that high.
Nobody is going to go through the hassle of a double sale to net $3000.
Jan 14, 2023 10:16 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 14, 2023 10:16 PM
2.5K Comments
Quote from EliteDealHunter :
This is basically my thinking as well. Twice now I have sold my Tesla to go back to performance ICE cars. If you are the type of person that is coming from a traditional sedan then you will likely find Tesla to be a decently driving car, albeit not as well appointed or nice driving as the true luxury brands.
Try liking tesla coming from traditional sedan such as Panamera GTS for example. LMAO

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Jan 14, 2023 10:16 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:16 PM
891 Comments
Quote from 247DEALS365 :
For those that recently took delivery prior to Tesla removing all of the Ultra Sonic Sensors, just be glad that you have something that's useful. You have a superior variant vs the gimped 2023* models.

Tesla removing features and calling it a feature or an upgrade is a total Apple move. It's clearly a cost cutting spree.

Remember guys, there is value in owning something now and enjoying it. No one has a Crystal ball so make peace with things and enjoy your ownership.

The price drops were kind of predicable, but just be glad that you have a superior variant with sensors and real Brembo brakes- (referring to the new performance model Ys that have rear fake Brembo's with a plastic caliper that's painted Red.) Not kidding.

If the price drop that has been nothing short of a sucker punch to recent Tesla buyers wasn't enough, this won't be the last time that Tesla will add insult to injury.

There are a plethora of EV options literally just around the corner. Hang tight.
Just so you know, cost cutting moves are nothing new in automotive manufacturing. My dad was an engineer at Ford in the lat 1970s and he told me that once a new model got selling, the next thing that was demanded from engineering was to make it cheaper, so every time a part was spec'd out for manufacturing to third party companies, there was always the highest quality supplier that was used on the first run, and then the cheaper suppliers that were used on subsequent models. And I saw this firsthand on the the first generation Nissan Altima. The 1993 has much smoother switches on the windows than my 1995 and in 1996 and later 1st gen models the door lock switches on the doors were completely removed--all cost cutting measures.

To a certain extent this is business, but I don't think this is a cost cutting move that Tesla wanted to do as opposed to being told 'this is what everybody else does, so do it' by people who want the company to be run like every other [failing] automotive manufacturer. Tesla's strength has always been a product that was not like the other and that didn't have the compromises that the others did--the day these attributes are gone, they will become amalgamated into the mainstream automotive industry like the fate Saturn ultimately faced. And I know that day will be right around the corner if Musk is ever forced out from the company--you can never imitate the innovator.
Jan 14, 2023 10:17 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:17 PM
399 Comments
Quote from BrokePanda :
I just ordered a Model YLR. Did anyone know where I can order a home 220v charger?
Tesla's website.
Jan 14, 2023 10:18 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 14, 2023 10:18 PM
4.4K Comments
Quote from Rebound :
But it's not much fun if you're into spirited driving on twisty country roads. I'll take a BMW or a Mini Cooper over the Tesla any time.
Next time try the Model 3 Performance. The standard Y is equivalent sportiness to a base-mode X3 (i.e. barely sporty).

As a former BMW E92 M3 and F80 M3 owner, the Model 3 Performance is a more fun car to drive than what was previously considered some of the best mid-sized performance cars you could buy.
Jan 14, 2023 10:18 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:18 PM
891 Comments
Quote from ShrewdSeed8006 :
Is the federal tax credit different from state incentives? New Jersey has a up to $4000 tax incentive. Can I stack that on top of the federal tax credit?
Typically you can. I know in CA you can.
Jan 14, 2023 10:19 PM
2K Comments
Joined Nov 2005
tubsJan 14, 2023 10:19 PM
2K Comments
Quote from EliteDealHunter :
Nobody is going to go through the hassle of a double sale to net $3000.
Net would be less. Need to pass some savings to high income buyer. Otherwise, what's in it for them?
Jan 14, 2023 10:21 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:21 PM
891 Comments
Quote from Tnyc :
On a serious note, how easy is it to maintain an electric car? No fluid changes and the brakes/rotors last a longggg time?
Not sure about the mainstream ones as they still have 'maintenance' for some reason. Confused

But on our Tesla, literally added 3 bottles of windshield wiper fluid and changed back 2 tires--since getting it in 2019. It's an absolute DREAM for maintenance. I have lists of stuff that has to be done to all my other cars and it's never ending.
Jan 14, 2023 10:22 PM
2.1K Comments
Joined Sep 2022
norcal007Jan 14, 2023 10:22 PM
2.1K Comments
Quote from vndragonslayer :
I KNOW HOW TO NEGOTIATE..
you're just lying to yourself that you paid $7.5k adm and not willing to admit it.. show that sales contract

i've talked to all norcal dealers n they wont even budge with elon's lowered pricing..
Haha...caps won't give you cred. If you had any reading comprehension, you will see I said that my sis and hubby bought the car, not me. I asked what they paid and that's the amount they told me. Add taxes on top. You have a problem.

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Jan 14, 2023 10:22 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:22 PM
891 Comments
Quote from lenser :
Wish the Y and 3 were not so ugly and didn't come with just a tablet in the middle.
That's what all the other manufacturers cars are for...get one of those instead and be happy.

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