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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 6:39 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 15, 2023 6:39 PM
565 Comments
Quote from madmoney1 :
Does the $250 order fee count toward the purchase price? Anyone know?

It does indeed, and I am surprised. I thought the order fee was equivalent to the "doc fee" that traditional dealers charge. I see the $250 I paid at the time of ordering, adjusted from the final price.
Last edited by dealhunt_101 January 15, 2023 at 10:43 AM.
Jan 15, 2023 6:50 PM
630 Comments
Joined Sep 2005
thecrlghJan 15, 2023 6:50 PM
630 Comments
Quote from DC13 :
I called this price drop the second the 7500 credit was offered in December. They will drop prices again. Huge huge mistake to buy now. Understand that people who want a Tesla has already overextended themselves to buy one. People who upgrade yearly will no longer want to take a hit or minus 20k in value. I'd bet in March Tesla will be selling these Model Y for 45k because they don't have a dealership network and have to hold inventory themselves. By then their lots will be so full they'll be willing to take a loss on each car sold just to meet "delivery numbers". The market would've rewarded this behavior just 2 years ago but they will get creamed for this in high interest rate environment.

Buying the stock or the car is one of the worst financial decision you can make at this moment.
Since you can predict the future, who's going to win the afternoon nfl game? I need a place a bet!
Jan 15, 2023 6:50 PM
743 Comments
Joined Aug 2006
jeffkhlamJan 15, 2023 6:50 PM
743 Comments
Quick question: Child tax credit is refundable, right? So will the $7500 non refundable applied first , and then the refundable child tax credit can be refunded?
Jan 15, 2023 6:54 PM
935 Comments
Joined Apr 2006
PaupaaaJan 15, 2023 6:54 PM
935 Comments
Quote from SharpArm7549 :
Same reason GM is down 40% and F is down 50% over the same time period (last year)?

Except… those stocks didn't go up 1100% over the previous 2 years before that like TSLA did. If you're not familiar with stocks, they tend to bounce back after an extreme move in either direction, so the pullback from that huge run up also played a big part.

Also, what do you mean "if"? These are real, easily verifiable numbers. There is no question that Tesla is doing "that good".
Eh? I bought Ford stock in the 4 dollar range and sold half of it at $25. While not as extreme as Tesla's run up. I would call a 500 percent run on a legacy stock a fairly huuuuuge run (S&P stocks typically don't have those types of run ups). Which is why I bailed out of half the stock.
Jan 15, 2023 6:59 PM
1.6K Comments
Joined Jan 2010
suprenJan 15, 2023 6:59 PM
1.6K Comments
Quote from beta. :
awesome. I think i'll wait another week to put the order in. I think the tax credit only applies when you receive the vehicle delivery by March?
yes. you need to take delivery by march.
i think tesla allows you to push delivery by 2-3 weeks. i have flexibility for delivery date
Jan 15, 2023 7:04 PM
15 Comments
Joined Nov 2013
euuser2895628Jan 15, 2023 7:04 PM
15 Comments
Quote from anhdongtx :
I am in Texas

I ordered a model y Friday morning and my delivery date is now Jan 15-jan26
Did you order from inventory or custom? Also, 5 or 7 seater? Thanks!
Jan 15, 2023 7:05 PM
223 Comments
Joined Jan 2011
beta.Jan 15, 2023 7:05 PM
223 Comments
Quote from supren :
yes. you need to take delivery by march.
i think tesla allows you to push delivery by 2-3 weeks. i have flexibility for delivery date
oh nice, shoot nevermind. I will just put my order in asap then

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Jan 15, 2023 7:08 PM
586 Comments
Joined Dec 2014
Aiden.PearceJan 15, 2023 7:08 PM
586 Comments
Quote from supernoman :
Thanks for the info and sucks for the loss.
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
1
Jan 15, 2023 7:21 PM
2.8K Comments
Joined Nov 2005
dvrrajeshJan 15, 2023 7:21 PM
2.8K Comments
With destination fee my tesla model y its going above 55k. Without that fee it's below 55k. I assume I would qualify for 7.5k tax credit?
Jan 15, 2023 7:24 PM
159 Comments
Joined Nov 2016
GoldenAspenJan 15, 2023 7:24 PM
159 Comments
Quote from Aiden.Pearce :
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
Not my experience. By far the safest cars on the road, and they no longer have poor build quality like they did a few years ago.
1
Jan 15, 2023 7:24 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Jan 15, 2023 7:24 PM
4.1K Comments
Quote from dvrrajesh :
With destination fee my tesla model y its going above 55k. Without that fee it's below 55k. I assume I would qualify for 7.5k tax credit?
That should be fine. At the bottom, should indicate if your order qualifies for the rebate.

FYI, based on order numbers of two of our orders, Tesla has sold 25K vehicles in a day. If you're considering this for the rebate, I wouldn't wait much longer or your delivery date might slip beyond March soon.
Jan 15, 2023 7:25 PM
2.4K Comments
Joined Sep 2009
PoLusImoJan 15, 2023 7:25 PM
2.4K Comments
Do you not get Federal credit? Also, are you eligible for a credit if you lease the car?
Quote from dealhunt_101 :
It does indeed, and I am surprised. I thought the order fee was equivalent to the "doc fee" that traditional dealers charge. I see the $250 I paid at the time of ordering, adjusted from the final price.
Jan 15, 2023 7:27 PM
509 Comments
Joined May 2018
vndragonslayerJan 15, 2023 7:27 PM
509 Comments
Quote from ikonoklast :
Did you buy a Tesla in 2022? If not, then you might not understand paying $10k+ more for the SAME product. I didn't buy a Tesla but that doesn't mean I can't empathize with those who did in 2022. I didn't say Tesla should refund their 2022 customers, shit happens, life is unfair etc.

My problem is Musk's and Tesla's business manners which is overpromise/underdeliver and sometimes never deliver. FSD, robotaxi, endless delays in his promises, on and on and on. That's just Tesla and not his ridiculous claims with his other companies. Dude is a borderline conman backed by a real company like Tesla that gives him credibility. I really don't see how people are blind to these things unless they are in a cult.

I know I know, it doesn't matter what I think about his manners.
those who bought in tesla in 2022 could afford it.. .they change cars like they change clothes.. they knew what they were getting into
Last edited by vndragonslayer January 15, 2023 at 11:29 AM.
1
Jan 15, 2023 7:28 PM
509 Comments
Joined May 2018
vndragonslayerJan 15, 2023 7:28 PM
509 Comments
Quote from Aiden.Pearce :
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
wait till u see the maintenance of a 90s kia
1

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Jan 15, 2023 7:29 PM
1.9K Comments
Joined Apr 2007
topchoJan 15, 2023 7:29 PM
1.9K Comments
I see some YT videos demoing the full autopilot and I see going through heavy city traffic, navigating roundabouts, and merging into rte 17 in NJ. People here are saying the FSD is hardly offering anything over the basic autopilot. What I see is quite a bit more than keeping speed and staying in the lane. ?!

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