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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 8:54 PM
304 Comments
Joined Dec 2016
anhdongtxJan 15, 2023 8:54 PM
304 Comments
Quote from coupon_monster :
Not a Tesla hater or fan but as a principle, paying > 50K or even > 45K for a car is criminal IMO if you are serious about saving money. Plenty of great cars for < 40K - even electric ones. I would also check the insurance rates for the car you're looking at - in general, more expensive car means more expensive insurance as well. The Chevy Bolt and Bolt EUV (yes, I know about the recall - I just had my leased Bolt fixed for both of them. What's your point?) are great electric cars to look at if you want Electric but not a huge markup. That said, to each their own - I understand a car is more than just a tool/machine that takes you from one place to another for many folks. But it is the easiest way to save money in terms of a common big ticket item where most people end up overspending.
Some people don't need to save money anymore. In that case, a car is a good place to spend money on.
1
Jan 15, 2023 8:54 PM
2.4K Comments
Joined Aug 2004
mychaelpJan 15, 2023 8:54 PM
2.4K Comments
Quote from MacB00kemDanno :
We went ahead and pulled the trigger. Model Y in blue with the tow hitch. Went ahead and financed with Tesla to streamline things, but will hit up one of the credit unions offering 2.75 to 2.99% once the dust settles. Now I'm on Amazon adding accessories to my cart (floor/cargo mats, center console organizer, Spigen matte glass screen protector (works wonders in my Model 3).
What credit union did you find at under 3%?
Mine is at 6% but am looking for better.
Jan 15, 2023 8:54 PM
509 Comments
Joined May 2018
vndragonslayerJan 15, 2023 8:54 PM
509 Comments
Quote from NissanGTR49 :
That ui is terrible!! Having to dig in to the menu to do simple stuff is just dumb!! Enjoy crashing while trying to adjust a mirror.
that ui is clean and pretty. but im sorry you're not tech enough to do all screen only.. i get it.. you're stuck in the 90s era of dash button design..

its like the folks in 1900s who say why buy a ford t when they can ride horses and not pay gas..
1
3
Jan 15, 2023 8:54 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 8:54 PM
38 Comments
Quote from AlexK6706 :
Yep, recent 20% price drop boosted tesla resale value by 30%. Teslanomics.
Proportionate to its current MSRP, Teslas do have (and always have had) the highest resale value. Modern EVs in general have great resale value because there are fewer moving parts to break down and need replacing.

Of course a price cut on a new car will cause used counterparts of the same model to drop in price similarly. That's pretty obvious, isn't it?

Teslas purchased before the price increases are probably the only mass-market cars in history to have their used value actually go up from the cost when they were purchased, because of the price raises, and now that prices have lowered back to near what they had initially been this reversed.

Neither that sudden appreciation nor this sudden depreciation is relevant to how well they hold their value in general. While it's certainly possible that they may lower prices again in the future, it won't be for quite a while—between this price cut and the tax credit, it's likely that they have more than enough demand for both Austin and Berlin to reach 100% production capacity, so I doubt we'll see prices drop until their next gigafactory starts ramping up at the earliest.
Jan 15, 2023 8:55 PM
6.9K Comments
Joined May 2011
CDIJan 15, 2023 8:55 PM
6.9K Comments
Quote from NissanGTR49 :
You think the interior of the tesla is "futuristic" LOL!!!!
What do you consider as futuristic? The new BMW X7 with that crazy rear seat display...is probably the one I saw being the most.
Jan 15, 2023 8:56 PM
509 Comments
Joined May 2018
vndragonslayerJan 15, 2023 8:56 PM
509 Comments
Quote from SharpArm7549 :
Proportionate to its current MSRP, Teslas do have (and always have had) the highest resale value. Modern EVs in general have great resale value because there are fewer moving parts to break down and need replacing.

Of course a price cut on a new car will cause used counterparts of the same model to drop in price similarly. That's pretty obvious, isn't it?

Teslas purchased before the price increases are probably the only mass-market cars in history to have their used value actually go up from the cost when they were purchased, because of the price raises, and now that prices have lowered back to near what they had initially been this reversed.

Neither that sudden appreciation nor this sudden depreciation is relevant to how well they hold their value in general. While it's certainly possible that they may lower prices again in the future, it won't be for quite a while—between this price cut and the tax credit, it's likely that they have more than enough demand for both Austin and Berlin to reach 100% production capacity, so I doubt we'll see prices drop until their next gigafactory starts ramping up at the earliest.
i wonder what has better resale...
a 37k model 3
or a 30k civic

both are priced currently with market
3
Jan 15, 2023 8:59 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 15, 2023 8:59 PM
2.5K Comments
Quote from SharpArm7549 :
Neither that sudden appreciation nor this sudden depreciation is relevant to how well they hold their value in general. While it's certainly possible that they may lower prices again in the future, it won't be for quite a while—between this price cut and the tax credit, it's likely that they have more than enough demand for both Austin and Berlin to reach 100% production capacity, so I doubt we'll see prices drop until their next gigafactory starts ramping up at the earliest.
Buddy, nobody drops the price by 20% when they can't satisfy demand.

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Jan 15, 2023 9:00 PM
192 Comments
Joined Jul 2019
NissanGTR49Jan 15, 2023 9:00 PM
192 Comments
Quote from vndragonslayer :
that ui is clean and pretty. but im sorry you're not tech enough to do all screen only.. i get it.. you're stuck in the 90s era of dash button design..

its like the folks in 1900s who say why buy a ford t when they can ride horses and not pay gas..
What does clean and pretty have to do with a bad UI?!?! I don't mind a screen but SOME buttons makes things easier to use WHILE DRIVING!! Which is the main point of cars!!
Also are you 10 years old?? Reading your replies is hurting my brain!!
Jan 15, 2023 9:01 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 9:01 PM
38 Comments
Quote from vndragonslayer :
that ui is clean and pretty. but im sorry you're not tech enough to do all screen only.. i get it.. you're stuck in the 90s era of dash button design..

its like the folks in 1900s who say why buy a ford t when they can ride horses and not pay gas..
I'm going to have to at least partially agree with the critic here. I think Tesla's UI is very good, but there are things I would much rather have actual buttons for (AC is the one that comes to mind immediately) to make them easier and simpler to use while driving.

That said, adjusting mirrors is absolutely not one of them. That being in the touchscreen UI 100% makes sense.
Jan 15, 2023 9:02 PM
1K Comments
Joined Mar 2014
DeeDonJan 15, 2023 9:02 PM
1K Comments
Quote from vndragonslayer :
why such hate for cars heavily discount that cost cheaper than ice cars that dealers won't budge 15k mark up?
I was wondering the same thing. I guess there are just a lot of Tesla haters just as much as there are fanboys. I'm neither, and just concluded for myself that the Model Y with these incentives is a better value in my current situation compared to the other ICE car I was considering.
Jan 15, 2023 9:03 PM
502 Comments
Joined Mar 2009
twiztid83222Jan 15, 2023 9:03 PM
502 Comments
Wouldn't buy this if it was the last yuppie car on earth for that price. The rise 40% in electric bills and the costs to fix this pos you are not saving a farking cent on gas. Also you are not saving our planet. In fact the making of a lithium ion battery puts worse chemicals in our air than fuel makes me sick that they think they are doing a favor. Good luck going from NY to FL in one of these. I have seen some scary videos. California ppl are cutting the charger cables. No one can afford this shit! U will see when you are 10th in line x2-3hrs per car. Smd
2
Jan 15, 2023 9:03 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 9:03 PM
38 Comments
Quote from vndragonslayer :
i wonder what has better resale...
a 37k model 3
or a 30k civic

both are priced currently with market
As a percentage of its current price new? The Model 3.
Jan 15, 2023 9:05 PM
502 Comments
Joined Mar 2009
twiztid83222Jan 15, 2023 9:05 PM
502 Comments
Let's save gas $ but spike the price of electric 40% in 1 year then. If you want to save money go buy a $16k brand new Ford eco

You are a bunch of YUPPIES!!!
1
1
Jan 15, 2023 9:06 PM
104 Comments
Joined Jul 2011
itr632Jan 15, 2023 9:06 PM
104 Comments
How many HDMI's?
2

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Jan 15, 2023 9:07 PM
38 Comments
Joined Jan 2023
SharpArm7549Jan 15, 2023 9:07 PM
38 Comments
Quote from AlexK6706 :
Buddy, nobody drops the price by 20% when they can't satisfy demand.
The facts of their sales numbers show you're wrong. ~30% YoY growth last quarter with a ~30% YoY price increase, and between this price cut and Tesla no longer being excluded from the tax credit demand will be much MUCH higher than it already was.
1

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