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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.

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Jan 17, 2023 5:46 AM
24 Comments
Joined Jan 2023
LovelyRain4135Jan 17, 2023 5:46 AM
24 Comments
Quote from vndragonslayer :
u dont.. luck was not in your favor
or get a tesla/vw/ford instead
Ford doesn't know how to make a car

I've always been told that FORD means Fixed or Repaired Daily.
Jan 17, 2023 5:47 AM
2.8K Comments
Joined Apr 2007
chasemyaccordJan 17, 2023 5:47 AM
2.8K Comments
Quote from seatopen :
There were many articles stating that Congress may not be able to nail down the specifics of the Federal Tax Credit regarding the origin of the battery by march. That means that March may not be a hard deadline. Come the beginning of March if Tesla is not meeting performance goals they may lower the price a bit or offer the same 15k supercharger credit. When my wife bought her Tesla last year, it was $40k and qualified for CVRP. Tesla automatically processed her CVRP for $1500 and she didn't need to submit any paperwork. From what some users are saying, she should have probably been given $2000 from CVRP.
You're confusing the CVRP with the CCFR. The CCFR (California Clean Fuel Rebate) used to be $1,500 once upon a time. Then it got halved. Now it's depleted. That one the dealer would process for you. The CVRP is something the consumer has to apply for.
Jan 17, 2023 5:51 AM
24 Comments
Joined Jan 2023
LovelyRain4135Jan 17, 2023 5:51 AM
24 Comments
Quote from iceage2007 :
So, SD expert, can I order under my name AND my son name? Or only 1 name? TiA
Yes you can have two people on the order. Once you place order, download the tesla app to add the names.
Jan 17, 2023 5:52 AM
667 Comments
Joined Nov 2006
freeforlifeJan 17, 2023 5:52 AM
667 Comments
I looked in wiki and search, didnt find it. Please point, if its answered.It says Adjusted Gross Income of 2022 or 2023 can be used per the limits.


Does it mean, if I havent yet filed 2022 taxes, can I claim credit on that 2022 filing ?
Or claim only on 2023 tax failing but use AGI of 2022 (not sure how, probably CPA does) ?


Please anyone knowledgeable can help...
Jan 17, 2023 5:53 AM
125 Comments
Joined Aug 2009
planetchanceJan 17, 2023 5:53 AM
125 Comments
Quote from geoffkin :
You bought a brand new 4Runner for offroading??! LOL!! Should have bought a 1998, mine is still PERFECT, MADE IN JAPAN! Where was your's made? HAHAHA!
All 4Runners are made in Japan. It was either buy a brand new 4Runner for msrp at the time, or buy used with an insane markup. The quality is trash, but it's still one of the most capable overlanding vehicle with tons of aftermarket mods available. Like I said, Toyota quality is crap, and it's not like it used to be.
Jan 17, 2023 5:53 AM
196 Comments
Joined Nov 2022
BrightHalibut7933Jan 17, 2023 5:53 AM
196 Comments
Quote from lebulldog :
NOT exactly, it goes by the size of the battery. The Model Y gets 330 miles per charge, and has a 80kWh battery, which is a large battery. Tesla has very high costs on replacement parts, so you are probably looking at more than $20,000 to replace the battery. But one would never wait for the existing battery to go dead, as your mileage keeps dropping every year, so when you are getting 50 miles in range it becomes almost useless. It is estimated that the battery degrades abut 3-5% a year, (it is not linear but progressive) which is why the battery is only warranted for 8 years. For most owners the aging is the most important factor, not the total mileage. Since the battery is composed of modules, it is much less expensive to rebuild the battery and just replace or repair the modules, but this is labor intensive and neither Tesla or any dealership would offer this. If you are in a state where electric cars are very popular, like CA, there are private shops that specialize in rebuilding battery packs. What also is not told is that these batteries perform very poorly in the very cold, like in the northern states, and also very poorly in extremely hot states, like Arizona and Texas.I live in DC, which does not get extremely cold or hot. But the few times that it is in the 30's, I loose about 20%, and if I run the heater and defroster, at least 25%.. In the summer it is often in the upper 90's, and running the A/C on high you will also loose about 20%. Also if you drive fast, like over 60mph, you will loose another 10% and upwards. Then to make your battery last as long as possible, it is highly recommended that you do not charge your battery more than 80% or let it drop less than 20%.. So add all these restrictions together. The Model Y gets 330 miles new, subtracting 20% of the top and bottom and it is reduced to 198 miles. Subtract another 20% for deep summer or winter and you get 158 miles. Now subtract 5 years of degradation, lets be kind and say 15%) and we are now looking at a pretty sorrowful 135 miles. This is where I stand with my 10 year old Nissan Leaf, with only 30,000 miles on it, which came with a very small 24kWh battery, This winter on a day in the lower 30's, I charged it to 80% and got 50 estimated miles, but when I actually started to drive and turned the heat on, the estimated range immediately dropped to 19. Cannot really go much of anywhere with only 19 miles. Nissan estimates that their charge for replacing my 24KWh with a 40kWh is $10,000 for the battery and $1000 for installation. That will take my still working 24kWh battery and recycle it for money. I am looking for a private shop option.

TSLA regulates the temp of battery well. Nissan got in trouble for not doing that.

My 3 dropped initially but kept 185 miles range in hot AZ. There will be tons of shops replacing/recycling batteries with rapid adoption in next years if/when I need replacement after 8 yr warranty expires. If not I paid ~$35K-fed tax credit. So... $5K yr for driving a great car.

Y $/yr equation is different, but the range is ~100 miles more..
Jan 17, 2023 5:55 AM
24 Comments
Joined Jan 2023
LovelyRain4135Jan 17, 2023 5:55 AM
24 Comments
Elon musk just burst the used(and potentially new) car market. What retard would go buy, for instance, a new BMW 330i when you can get a model 3 for a few thousand cheaper?

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Jan 17, 2023 5:57 AM
1.6K Comments
Joined Mar 2008
rkingjJan 17, 2023 5:57 AM
1.6K Comments
I am just little confused, here we are talking about 2023 Tesla Model Y not 2022 Model Y, right? If I am wrong, please correct me...............If Model Y is delivered before or during March, ultrasonic sensor or radar will be still missed?

One more question, So what is the horsepower for 2023 Tesla Model Y Long range? 384HP or 425HP?
Jan 17, 2023 5:57 AM
1.6K Comments
Joined May 2010
cndealkingJan 17, 2023 5:57 AM
1.6K Comments
They stupid NorCal Chevy dealers are marking up Bolts by 5k in the Bay Area. Why buy a Bolt when Model 3 is 43K?
Jan 17, 2023 6:01 AM
125 Comments
Joined Aug 2009
planetchanceJan 17, 2023 6:01 AM
125 Comments
Quote from conquistadorst :
YMMV of course but Toyota is known for its quality. Some of their models are much better than others, new models or not, along with where it's manufactured, etc. I've always ensured mine were made in Japan. My family has had several Toyotas over the past couple of decades, all great, but the Prius reigned king. Never touched anything except tires, brakes, and oil for 8 years and traded it in which only depreciated ~20%.

All that being said, you're spot on with the software, they're horrible with UI! My current (2nd) Prius is hilarious. I literally have a screen on this giant tablet that gives an engine status of running or off. Dozens of more examples and I can't fathom what they were thinking when they designed that garbage. Might be trading this one in for a Model Y if this deal goes through Smilie
It might be known for its quality, but that is long in the past. The issues are all over FB groups. And 4Runners are made in Japan. The paint quality is thinner than it used to be, they can't even match the correct paint between panels. Glass breaks more easily. Cracked windshield and sunroofs are all too common.

Software will rule in the end though, and Toyota is too far behind and set on old ways.
Jan 17, 2023 6:10 AM
125 Comments
Joined Aug 2009
planetchanceJan 17, 2023 6:10 AM
125 Comments
Quote from rkingj :
I am just little confused, here we are talking about 2023 Tesla Model Y not 2022 Model Y, right? If I am wrong, please correct me...............If Model Y is delivered before or during March, ultrasonic sensor or radar will be still missed?

One more question, So what is the horsepower for 2023 Tesla Model Y Long range? 384HP or 425HP?
Tesla vision alone is far superior than the old system with radar. This has been proven with the safety test and ratings from Euro NCAP.

Go test drive one and you'll never worry about horse power. The torque is something else, you'll beat practically most cars on the road.
2
Jan 17, 2023 6:15 AM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 6:15 AM
509 Comments
Quote from cndealking :
They stupid NorCal Chevy dealers are marking up Bolts by 5k in the Bay Area. Why buy a Bolt when Model 3 is 43K?
yes theyre stupid but they got stupid buyers who want ev n dont qualify for tax credit.. what else can they do.. they can get cvrp but thats it and dealer gets to pocket 5k... this is why u get a model 3 for 37k..

you gotta be an idiot to pay anything above 30k for ice or shitty 20k msrp ev at 15k markup
Jan 17, 2023 6:52 AM
5 Comments
Joined Mar 2015
penmaJan 17, 2023 6:52 AM
5 Comments
Quote from DucTTran :
Question: if the 2nd year, he made 17k in stocks, can he offset the 17k carry over from last year one time and pay zero tax on stock or, he can only offset 3k on 2nd year, can continue 3k per year …Thanks
There is only one bucke loss or profit. So you made 17K in second year you pay zero tax, you balance is also zero.
Jan 17, 2023 6:56 AM
5 Comments
Joined Mar 2015
penmaJan 17, 2023 6:56 AM
5 Comments
Quote from DucTTran :
Question: if the 2nd year, he made 17k in stocks, can he offset the 17k carry over from last year one time and pay zero tax on stock or, he can only offset 3k on 2nd year, can continue 3k per year …Thanks
Yes, you pay zero tax on stock profit of 17K, there is only bucket loss or profit.

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Jan 17, 2023 7:23 AM
401 Comments
Joined Jun 2014
forcetenJan 17, 2023 7:23 AM
401 Comments
For those of you that asked me about the Nj rebate - the model 3 wasn't listed because there was not a model 3 that was under $45k. If your ev is under $55k msrp in NJ you get the $2k instant rebate from the dealer - right off the bat.

With tesla lowering the price the base model 3 can be under $45k. You can pick a color and rwd and be under $45k - $44990 to be exact (I think tesla did that on purpose). But you can't pick white seats or tires.


MSRP in NJ is anything related to the cars value. So paint counts, seat color counts, tires count, software counts for NJ. but Nj doesn't consider destination fees or any other fees to be part of the msrp.


And tesla took a few days to update it when I told them and then they took it right off the price of the car. So I got a blue model 3 for $44990, and rebate from Nj made it $40,990, minus fees. And with the $7500 I dont have to pay uncle sam this year it brings the cars value down to $33,490 and no sales tax. Hell of a deal!

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