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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 10:28 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 10:28 PM
509 Comments
Quote from jplee3 :
should or will? my friend told me the girl who hit him has low insurance so now he has to try to sue her... and if she's a poor unemployed student with no assets? *shrug* either way it's a hassle, but waiting for your car to be fixed for 3-4 months shouldn't be the 'norm' here.

Growing pains of buying into new things I suppose... in my case, I'm gonna try to stay on our current cars for as long as possible before buying something.
sounds like a "i dont have enough insurance coverage problem to me"

he should switch insurance agent.. get good insurance that covers your needs and liability and not some cheapest insurance because u skimp for savings.. anyways this is a different talk. not gonna tell u how to live your life
Jan 16, 2023 10:29 PM
6.9K Comments
Joined Dec 2007
ELofLAJan 16, 2023 10:29 PM
6.9K Comments
Quote from KSilver2000 :
In California, starting next month, anyone under 400% of the federal poverty level ($130K for a family of 4) will also qualify for an increased rebate on new EV purchases: $7,500. So, total of $15,000.
That means more than half of the entire CA qualifies for $15,000 off a new EV. A new Chevy Bolt would cost just $15K.

Heck, if all of those folks are getting free money, I'm taking advantage of all my tax reductions in every way possible, too. CA is expensive because you have to pay for all the government subsidies being handed out.
And half of the entire CA can still not afford a $15k bolt or ev.


You can buy now and apply for the upgraded rebate $7,500 after February 2023.
Jan 16, 2023 10:30 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 16, 2023 10:30 PM
4.4K Comments
Quote from VLAN101 :
Has anyone researched about applying for a new credit card for downpayment? Thinking of applying a credit card and possibly earn points towards the $4,500 downpayment. Any thoughts/suggestions?
Tesla doesn't take credit cards for down payments. Only the $250 order fee.
Jan 16, 2023 10:30 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 10:30 PM
509 Comments
Quote from TeamPlaya19 :
Since it's a 7 seater. Wouldn't it be eligible for the federal tax credit for a SUV as it's price is less than 80k?
this horse has been beaten to death.. go back and read the response.
Jan 16, 2023 10:31 PM
6.9K Comments
Joined Dec 2007
ELofLAJan 16, 2023 10:31 PM
6.9K Comments
Quote from TenderHeart7024 :
Look like only Tesla purchased before March 2022 is eligible. One requirement is has to be in the eligibility list and Tesla is not. Tesla needs to apply to be on the list.https://cleanvehiclerebate.org/en...la-model-y
TESLA was excluded due the MSRP increase, now they do qualify, CVRP didn't update their website yet.
Expert
This user is an Expert in Tech & Electronics
Jan 16, 2023 10:32 PM
19.7K Comments
Joined Sep 2003
TofuVic
Expert
This user is an Expert in Tech & Electronics
Jan 16, 2023 10:32 PM
19.7K Comments
Quote from TeamPlaya19 :
Since it's a 7 seater. Wouldn't it be eligible for the federal tax credit for a SUV as it's price is less than 80k?
It would be if I took delivery of the car in 2023. The Inflation Reduction Act (IRA) only came into effect on 01/01/2023, and I took delivery on 12/29/2022, so I'm not eligible.

Take care,
Tofu Vic
Jan 16, 2023 10:32 PM
133 Comments
Joined Feb 2007
DystienJan 16, 2023 10:32 PM
133 Comments
Quote from ELofLA :
And half of the entire CA can still not afford a $15k bolt or ev.


You can buy now and apply for the upgraded rebate $7,500 after February 2023.
Can someone confirm this? We can buy the car now and apply for rebate later?

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Jan 16, 2023 10:33 PM
6.9K Comments
Joined Dec 2007
ELofLAJan 16, 2023 10:33 PM
6.9K Comments
Quote from toromac :
I love the fools who say "you don't need parking assist for such a small car". Karma will take care of those people. Wait until they hit a curb parking at walgreens etc. Or they don't allow their wife to drive it maybe? Either way, enjoy having the most scratched up Tesla. Tesla eliminating park assist was for cost savings pure and simple
If you need car assit to drive, you should be on the road.
1
Jan 16, 2023 10:33 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 16, 2023 10:33 PM
565 Comments
Quote from EliteDealHunter :
Have charged using only the mobile connector at 32 amps for 4 years. No need to waste money on a hardwired EVSE when you can easily fully recharge the car overnight using the mobile connector. The difference between Tesla and other car company's mobile connector is that other company's build the unit with only the standard 120v plug, so the charging is level 1 at 3-4 miles per hour (around 1.4 kW). With Tesla you can swap the adapter to multiple other plug types, such as the 14-50 adapter that's now included, and charge at up to 240v/32 amps, 7.6 kW.

The new Teslas do not come with a mobile connector. So one would need to purchase a wall charger, or a mobile connector. If I recall correctly, the difference between both is probably ~$150, which is insignificant. The cost of installing a wall charger, or a Nema 14-50 outlet in most cases will be covered by state or utilities incentives.
Jan 16, 2023 10:34 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 16, 2023 10:34 PM
4.4K Comments
Quote from TeamPlaya19 :
Since it's a 7 seater. Wouldn't it be eligible for the federal tax credit for a SUV as its price is less than 80k?
He bought it in December'22. Federal tax incentives started 1/1/23.
Last edited by SamS January 16, 2023 at 02:36 PM.
Jan 16, 2023 10:34 PM
1.2K Comments
Joined Oct 2010
p_goodsalesJan 16, 2023 10:34 PM
1.2K Comments

Our community has rated this post as helpful. If you agree, why not thank p_goodsales

Bought a Mid range Model 3 in December 2018. Been 4 years and happy with it car wise. Price wise I always feel I paid more but can't do anything about it. I think it was $47.5K after credit and it has enhanced autopilot. Range was 260 miles when I got it, now it's 230 or so. depreciation seems to be normal as per Tesla.
Last edited by p_goodsales January 16, 2023 at 02:38 PM.
1
Jan 16, 2023 10:36 PM
6.9K Comments
Joined Dec 2007
ELofLAJan 16, 2023 10:36 PM
6.9K Comments
Quote from Dystien :
Can someone confirm this? We can buy the car now and apply for rebate later?
Email them if you don't trust (and shouldn't) what you read here.
CVPR are pretty efficient at replying to inquiries.
Jan 16, 2023 10:44 PM
196 Comments
Joined Nov 2022
BrightHalibut7933Jan 16, 2023 10:44 PM
196 Comments
Quote from vndragonslayer :
new> used.. no brainer.. and warranty. new car smell. no maintenance to worry.. only an idiot would be paying 45k+ for ice hybrid use or new in this current market.

I have a 3 but would like the PHEV flexibility for road trips. I'll buy a CPO Used w/ warranty but most don't come close to $51K w/ new TSLA prices
Jan 16, 2023 10:46 PM
196 Comments
Joined Nov 2022
BrightHalibut7933Jan 16, 2023 10:46 PM
196 Comments
Quote from TofuVic :
It would be if I took delivery of the car in 2023. The Inflation Reduction Act (IRA) only came into effect on 01/01/2023, and I took delivery on 12/29/2022, so I'm not eligible.

Take care,
Tofu Vic
I would try registration date as date of service, but I'm not 100% sure if purchase date matters too?

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Jan 16, 2023 10:48 PM
3K Comments
Joined Feb 2011
KensicJan 16, 2023 10:48 PM
3K Comments
this thread has to be the most viewed and replied so far.
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