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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 16, 2023 3:39 PM
320 Comments
Joined Nov 2009
tefunkJan 16, 2023 3:39 PM
320 Comments
Quote from Dystien :
It looks like california buyers may benefit by waiting until Feb 28. Right now we get $4,500 CVRP rebate + $7500 tax credit. After Feb 28, it may be $7,500 rebate plus $7,500 tax credit for a total of $15,000 discount.

Summary of February 28, 2023 updates:

Applications must be submitted within 90 calendar days of purchase or lease to be eligible for a rebate. Previously this was stated as 3 months.

In addition to the standard CVRP rebate, consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate amount of $5,500 (previously $2,500) for BEVs and PHEVs, and $3,000 (previously $2,500) for FCEVs. This amounts to:

$7,500 for fuel cell electric vehicles (previously $7,000)
$7,500 for battery-electric vehicles (previously $4,500)
$6,500 for plug-in hybrid vehicles (previously $3,500)
Need them to update and include Tesla in the CVRP eligiblity.
Last edited by tefunk January 16, 2023 at 07:47 AM.
Jan 16, 2023 3:43 PM
564 Comments
Joined Dec 2012
JayC3270Jan 16, 2023 3:43 PM
564 Comments
Quote from blkpel :
Anyone know if custom orders placed today would get delivered before Mar 2023 ($7500 tax credit window)?
I ordered two days ago. Got expected delivery date between jan 22 and feb 19
Jan 16, 2023 3:48 PM
6.9K Comments
Joined May 2011
CDIJan 16, 2023 3:48 PM
6.9K Comments
Quote from PedroR :
recapture
No problem at all! Would rather have that capital now then 5-7 years from now. Wink
Jan 16, 2023 3:48 PM
34 Comments
Joined Oct 2015
rajesh53Jan 16, 2023 3:48 PM
34 Comments
Quote from bradman :
As per my understanding, If you don't get the delivery by March 31st, then you wouldn't qualify for $7500 tax credit.
But the IRS website doesnt show any such deadlines. The deadline only listed on Tesla website. So honestly, I dont know.
https://www.irs.gov/credits-deduc...3-or-after
Exactly IRS doesn't mention March 31st. I hope I get it delivered by March 31st else I need to think if I need to keep it or cancel it
Jan 16, 2023 3:50 PM
6.9K Comments
Joined May 2011
CDIJan 16, 2023 3:50 PM
6.9K Comments
Quote from cheema :
A company's stock could be overvalued or undervalued at any given time. That fact can be debated. But it has some relevance to underlying business. Apple for example makes money by selling products people want to buy. That creates value.

Sh*tcoins on the other hand are straight up large scale Ponzi schemes. Your profits depend entirely on finding another greater fool to pay even more for imaginary tokens than you did. The reason it hasn't completely collapsed yet is because the supply of fools is far greater than anybody imagined.
Relevance to underlying business LMAO I needed that laugh.

Society has to decide for itself what has value and what does not.

"Vox Populi, Vox Dei"
- Elon Musk 2022
- Michael Scott 2012
Jan 16, 2023 3:52 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Jan 16, 2023 3:52 PM
4.1K Comments
New inventory popping up. I am confident if you order within this month you'll easily get delivered by March.
Jan 16, 2023 3:53 PM
6.2K Comments
Joined Nov 2004
General_KlingerJan 16, 2023 3:53 PM
6.2K Comments
Quote from cheema :
It would be great if you provided *any* evidence of the MSRP actually being offered.
Current pricing is for Jerry's Toyota PMA (Primary Market Area which includes zip codes: 21234, 21236, 21237, 21206, 21220, 21128, 21239, 21286, 21214, 21221, 21212, 21218, 21057, 21087, 21162, 21082, 21027, 21092, 21139, 21251, 21284, 21131, 21204) residents only. For out of PMA residents please visit our showroom for pricing.

Says right on the page. It's MSRP pricing for locals in their area.

If I found that dealer with 5 seconds of searching, I bet I can find out close to you that does the same thing.
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Jan 16, 2023 3:54 PM
6.2K Comments
Joined Nov 2004
General_KlingerJan 16, 2023 3:54 PM
6.2K Comments
Quote from skinnywallet42 :
New inventory popping up. I am confident if you order within this month you'll easily get delivered by March.
How confident are you about the 7-Passenger, because all of the one's I've seen popping up are 5s not 7s.
Jan 16, 2023 3:54 PM
3K Comments
Joined Jan 2011
WifeCallsMeCheapJan 16, 2023 3:54 PM
3K Comments
I wonder when will CVRP will update their website. I'll try to give them a call tomorrow since they are probably closed today due to the federal holiday.
Jan 16, 2023 4:01 PM
171 Comments
Joined Dec 2012
Hank5150Jan 16, 2023 4:01 PM
171 Comments
Quote from tefunk :
Need them to update and include Tesla in the CVRP eligiblity.
$4,500 is reserved for fuel cell cars not bevs like Tesla. We're hoping to just get $2000 back like previously. Can you source your information of the possible increase ?
Jan 16, 2023 4:02 PM
171 Comments
Joined Dec 2012
Hank5150Jan 16, 2023 4:02 PM
171 Comments
Quote from BrokePanda :
I wonder when will CVRP will update their website. I'll try to give them a call tomorrow since they are probably closed today due to the federal holiday.
Tesla removed themselves from the group. It is their job to get approved again, it isn't just a website update.
Jan 16, 2023 4:03 PM
4.3K Comments
Joined Dec 2004
ChronoTriggeredJan 16, 2023 4:03 PM
4.3K Comments
Quote from rajesh53 :
Thank you for your reply. Seven seaters are not in inventory list. If I don't qualify for $7500 I would like to go with 5 seater and the delivery date for 5 seater is before March. Whom should I contact to know this better.
You can change your configuration as long as you haven't been assign a VIN# yet. I changed my config multiple times after preordering. I didn't get my VIN until a couple days before picking up my vehicle.
Jan 16, 2023 4:05 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 16, 2023 4:05 PM
565 Comments
Quote from ChronoTriggered :
You can change your configuration as long as you haven't been assign a VIN# yet. I changed my config multiple times after preordering. I didn't get my VIN until a couple days before picking up my vehicle.

Now they have been assigning VIN right away. I ordered on Friday, and was assigned it within hours, even though my delivery is scheduled for March.
Jan 16, 2023 4:05 PM
133 Comments
Joined Feb 2007
DystienJan 16, 2023 4:05 PM
133 Comments
Quote from mattymsu25 :
I'm not sure what will be more fun to watch. Tesla delivering these after 3/31 or how many of you will jack up your 23 taxes to buy this overpriced pile of junk. So good.
People rarely downgrade back to flip phone after they've experience an iPhone.
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Jan 16, 2023 4:07 PM
4.3K Comments
Joined Dec 2004
ChronoTriggeredJan 16, 2023 4:07 PM
4.3K Comments
Quote from dealhunt_101 :
Now they have been assigning VIN right away. I ordered on Friday, and was assigned it within hours, even though my delivery is scheduled for March.
Have you tried changing your configuration even though you've received your VIN? I wonder if it even lets you attempt to change it

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