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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 15, 2023 3:52 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 3:52 PM
38 Comments
Quote from ikonoklast :
The driver has the ultimate responsibility to not be a moron and believe Tesla's BS marketing, read and abide by the instructions, etc.

Tesla has the responsibility to not name something FULL SELF DRIVE when it's not full self-driving. It's false advertising which is against the law.

Just because something is optional doesn't mean it should take away Tesla's responsibility in marketing.

Yes, companies mislead but it's wrong in any other case as it is in Tesla's case. However, we are not talking about a harmless video game here. We are talking about a 4k+ lbs vehicle that has the real danger to cause serious harm where stupid drivers do stupid things. Mix stupid people with false advertising and you have a recipe for harm.
Full Self Driving Beta is the Beta version of software that will, when complete (i.e. no longer in Beta) be Full Self Driving. There is no more accurate a name that it could have.

Using your video game analogy, when you play the Beta of a video game do you get upset if something that's going to be in the completed version of the game isn't functional yet? Or do you understand that the word "Beta" means that you are playing a version where not everything is finished yet?
1
Jan 15, 2023 3:56 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 15, 2023 3:56 PM
2.5K Comments
Quote from mychaelp :
couple making $40k each can't get the full credit.
Couple making $40k each should be investing money into education, not shopping for a luxury tesla super car with giga factories and processes managed directly by Jesus Christ.
1
Jan 15, 2023 3:56 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 15, 2023 3:56 PM
2.5K Comments
Quote from SharpArm7549 :
Full Self Driving Beta is the Beta version of software that will, when complete (i.e. no longer in Beta) be Full Self Driving. There is no more accurate a name that it could have.

Using your video game analogy, when you play the Beta of a video game do you get upset if something that's going to be in the completed version of the game isn't functional yet? Or do you understand that the word "Beta" means that you are playing a version where not everything is finished yet?
There will be no full self driving buddy.
Jan 15, 2023 3:57 PM
403 Comments
Joined Apr 2019
Tri1914Jan 15, 2023 3:57 PM
403 Comments
Quote from Raj1237 :
May I know how long it took after you placed order? I am thinking to place order for 7 seater, but not sure if I get it before Mar 31st.
Estimated delivery to GA: feb20-mar15. Which I think is bogus 😭
Jan 15, 2023 3:57 PM
2.1K Comments
Joined Dec 2012
PgaJan 15, 2023 3:57 PM
2.1K Comments
Quote from JellyBellyMD :
HEY CHIEF, here is your AWD fluid

https://www.ravenolamerica.com/pa...nol-awd-h/

https://acura.bernardiparts.com/A...9007A.aspx

Here's info on Haldex AWD system so you educate yourself. You'll notice they were installed on certain Fords.....

https://en.wikipedia.org/wiki/Hal...nt%20names.
Hah Champ, I see you are still continuing on ignoring the fact that the made up BMW maintenance list tried to pass off as Factory Recommendation includes a 90K mile replacement of a component that doesn't exist on BMW engines.

Yeah buddy those are gear fluids with special additives to work with particular DIFFETENTIALS. There's no such thing as AWD fluid, this is why the two differential fluids aren't interchangeable. Here's generic version of the latter "AWD" fluid.....not surprisingly it's called differential gear oil https://www.napaonline.com/en/p/AIC3410300

Spanking you around has been fun, but I'm getting tried of shooting fish in the barrel. So I'm off to finding more stimulating things to do.
Jan 15, 2023 3:59 PM
9.6K Comments
Joined Aug 2003
ikonoklastJan 15, 2023 3:59 PM
9.6K Comments
Quote from SharpArm7549 :
Full Self Driving Beta is the Beta version of software that will, when complete (i.e. no longer in Beta) be Full Self Driving. There is no more accurate a name that it could have.

Using your video game analogy, when you play the Beta of a video game do you get upset if something that's going to be in the completed version of the game isn't functional yet? Or do you understand that the word "Beta" means that you are playing a version where not everything is finished yet?
Video games in BETA are typically free. FSD Beta is not. Do you see the issue here? Seems like you don't understand what BETA means.

FULL SELF DRIVING means FULL.SELF.DRIVING. Anything short of that, whether BETA or not, is false advertising. Doubly so when you are charging customers, optionally or not, $15k right now, at the moment, presently, etc.

By the way, I think Teslas are the benchmark for EVs. 5 years since the release of the Model 3, and no other company has yet surpassed it imo. No hate on Tesla cars. Only hate on Tesla's false advertising.
Jan 15, 2023 4:00 PM
407 Comments
Joined Nov 2010
bigemu1Jan 15, 2023 4:00 PM
407 Comments
Quote from d0min0 :
i just tax loss harvested a shit load of losses back in december for 2022, so much so that i didn't even make shit last year lol. can i still get this EV credit?
That would be for the 2022 tax year. If you have more than $3,000 in losses, you can carry them over into future tax years, but you aren't forced to use them in 2023. Just start reharvesting your losses in 2024. If your portfolio booms and you're worried you aren't going to have enough tax liability, just harvest some gains in 2023 to help you get the full $7,500 credit.

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Jan 15, 2023 4:01 PM
2.1K Comments
Joined Dec 2012
PgaJan 15, 2023 4:01 PM
2.1K Comments
Quote from AlexK6706 :
It has nothing to do with PETA. As long as tesla owners keep praising this shit they'll keep throwing it at them. Ignorance is a bliss.
oooh there was big public shaming campaign on social media over the use or leather actually. So Musk gave everyone faux pleather that bubbles up in no time
Jan 15, 2023 4:02 PM
69 Comments
Joined May 2018
qt111115Jan 15, 2023 4:02 PM
69 Comments
No more model Y with 55k or less
Jan 15, 2023 4:02 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 15, 2023 4:02 PM
4.4K Comments
Quote from p0lpot :
Ordered a Ford Maverick Hybrid for 1/2 if this. The math doesn't add up.
You ordered a Ford Maverick Hybrid for $25,000? Sounds like you ordered a bare bones truck? I'm positive, you have never driven a Tesla. I have been in the Maverick and there is no comparison. And you are comparing hybrid to all electric. Different pricing for sure.
Jan 15, 2023 4:03 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 4:03 PM
38 Comments
Quote from AlexK6706 :
So they were selling every car they could make and then decided to reduce the price by 20%?
Uh, yes? It's a fact, not up for debate. The numbers are publicly available. It's no secret.

They have 2 new HUGE factories that are rapidly ramping up production, so they cut prices (which they had greatly raised over the past year and a half, remember) to ensure that increasing production continues to be their only concern for the foreseeable future.

Even with the price cuts, their margins will remain far higher than their biggest competitors and likely higher than ANY competitor.
2
Jan 15, 2023 4:03 PM
2.6K Comments
Joined Oct 2006
sussigJan 15, 2023 4:03 PM
2.6K Comments
Quote from dohmahmigh :
I see a lot of folks are getting "Amount you owe" (line 37 your 1040 assuming you didn't withhold enough) and your "total tax" obligation (line 24 of your 1040 - how much you owe IRS before any withholding) mixed up.
So let me try to clear things up here:
If your line 24 is equal or greater than $7500, then you are fully utilizing this EV credit of $7.5k--GREAT
If your line 24 is less than $7.5k, then you are NOT fully utilizing the $7.5k credit--NOT GREAT DO NOT look at line 37 of your 1040 because your withholding is IRRELEVANT.
TLDR - you want your "total tax" obligation (line 24) to be at least $7500.
Hope this clears the confusions for everyone
my cpa told me to use figure from line 16 to offset ev tax credit. thus you have to have over 7500 off line 16 to get full ev credit. if you own anything on line 17, then you can use total figure off line 18
Jan 15, 2023 4:03 PM
2.1K Comments
Joined Dec 2012
PgaJan 15, 2023 4:03 PM
2.1K Comments
Quote from rotorrocket :
Wrong. Seats hold up very, very well. No conditioners need like leather and clean up easily. Using baby wipes is what many recommend.
Jan 15, 2023 4:04 PM
2.1K Comments
Joined Dec 2012
PgaJan 15, 2023 4:04 PM
2.1K Comments
Quote from RoyGeeBiv :
Tesla has the margins to do this and still make way more per vehicle than legacy auto. They are refining their already untouchable efficiency in manufacturing (giga-casting, 4680 cells, etc) and vertical integration is unmatched at these production levels. The cyber truck (supposedly) will reach production this year, with 300k preorders IIRC. Tesla will take a hit on margin and possibly revenue, but sales in Q1 will be WAY up. No doubt about that.
totally false
3

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Jan 15, 2023 4:04 PM
1.1K Comments
Joined Feb 2011
goorumaJan 15, 2023 4:04 PM
1.1K Comments
Competition is good and Fisker PEAR will be $30k+. I expect EVs will get only cheaper. Don't forget about insurance also. Teslas are known for expensive insurance and repairs.

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