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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 17, 2023 3:28 PM
303 Comments
Joined Jun 2007
MaxRCJan 17, 2023 3:28 PM
303 Comments
Quote from dynamite :
That is the problem with EVs currently. The battery replacement cost becomes more than the value of the car after the warranty on the battery expires. After year 8 the model 3 has zero value on the resale market.

No doubt the future of EVs will be purchasing the car body outright but leasing the battery pack for a monthly fee. This will make the new price more palatable (about $10k less than current prices), take care of the plunging depreciation issue, and help the manufacturers lock customers into their brand by offering cheaper monthly fees in exchange for longer monthly contacts.
The resale value remains to be seen. The batteries are warranted to retain 70% of their original capacity by year 8 or 120k miles, whichever comes first. Actual data of older Tesla cars show on average about a 10% degradation after 200k miles. Unless a battery pack develops a bad module out of warranty, there is no rational reason to expect that a Tesla will have "zero value" after 8 years.
Jan 17, 2023 3:30 PM
3 Comments
Joined Aug 2011
wonganJan 17, 2023 3:30 PM
3 Comments
Quote from thedesi :
When you try to do online it only shows 2k. Then we call to get thr additional 2k?
It's only one 2k credit.
Jan 17, 2023 3:35 PM
492 Comments
Joined Feb 2012
nosugarpleaseJan 17, 2023 3:35 PM
492 Comments
consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate
Jan 17, 2023 3:36 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 17, 2023 3:36 PM
3.5K Comments
Quote from CheapSkateRUs :
Put the tax rebate savings in a CD and use that money for the 25k battery replacement in five years you folks
The amount of misinformation in this tread is insane. Yet ICE owners never admit to the slew of issues with age and mileage on the engine, transmission etc etc. Let alone the ridiculous maintenance required. Belts, spark plugs, oil changes, fluid changes etc etc.
Believe me as a BMW lover and owner I can tell you it gets ridiculous.

The Tesla battery comes with 8 year/ 120,000 mile warranty.
Several studies have shown batteries to lose about 10% Here is one of many below:

After 5 years and 200,000 miles, the battery now has an 83.8 kWh usable capacity according to his calculations. This means around 10% degradation, which is super impressive.

https://insideevs.com/news/598591...000-miles/
Jan 17, 2023 3:37 PM
492 Comments
Joined Feb 2012
nosugarpleaseJan 17, 2023 3:37 PM
492 Comments
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
Jan 17, 2023 3:37 PM
92 Comments
Joined Jul 2020
PurpleTerrier192Jan 17, 2023 3:37 PM
92 Comments
Quote from dvdrdiscs :
I think I saw what he is referring to. CA does have a $7,500 ev rebate but you're likely not going to see a penny. First the price cap seems to place the Y out of eligibility. $45k limit. Second, even if it dies qualify, you have to be making at most 4 times the federal poverty line. For a single person, that's $14 x 4. If you're making $56k/yr you are likely not buying a $52k car.
You are right...found the same out of curiosity. Their requirements have been more stringent every year.
Jan 17, 2023 3:40 PM
92 Comments
Joined Jul 2020
PurpleTerrier192Jan 17, 2023 3:40 PM
92 Comments
Quote from nosugarplease :
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
There has not been a Model Y in inventory below 55K since 14th when I started looking. There are plenty of Model 3 though. You would have to custom order a Model Y and hope it is delivered before March.

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Jan 17, 2023 3:47 PM
2.6K Comments
Joined Jan 2013
tonkotsuJan 17, 2023 3:47 PM
2.6K Comments
Quote from 1jzgte :
guess what we can do.. we can go 600 miles before stopping to refuel.. hahaha
On most road trips, you'll stop every 100 miles or so to use the restroom anyway

What are you doing, driving for 8hrs straight with no restroom/stretch break?
Jan 17, 2023 3:56 PM
4.7K Comments
Joined Mar 2005
1jzgteJan 17, 2023 3:56 PM
4.7K Comments
Quote from tonkotsu :
On most road trips, you'll stop every 100 miles or so to use the restroom anyway

What are you doing, driving for 8hrs straight with no restroom/stretch break?
because i can.. i know someone who had to add 4 hours of trip time to their already 10 hour drive because of recharging.. whats the freakin point of that?
Last edited by 1jzgte January 17, 2023 at 08:01 AM.
1
Jan 17, 2023 3:57 PM
2.4K Comments
Joined Jun 2009
Deal_Breaker2Jan 17, 2023 3:57 PM
2.4K Comments
Quote from TheKingofDeals :
The amount of misinformation in this tread is insane. Yet ICE owners never admit to the slew of issues with age and mileage on the engine, transmission etc etc. Let alone the ridiculous maintenance required. Belts, spark plugs, oil changes, fluid changes etc etc.
Believe me as a BMW lover and owner I can tell you it gets ridiculous.

The Tesla battery comes with 8 year/ 120,000 mile warranty.
Several studies have shown batteries to lose about 10% Here is one of many below:

After 5 years and 200,000 miles, the battery now has an 83.8 kWh usable capacity according to his calculations. This means around 10% degradation, which is super impressive.

https://insideevs.com/news/598591...000-miles/
Colder areas like Northeast and parts of Midwest would significantly lower battery performance.
Jan 17, 2023 3:57 PM
349 Comments
Joined May 2018
FeorHJan 17, 2023 3:57 PM
349 Comments
In for 2
Jan 17, 2023 4:00 PM
1.3K Comments
Joined Nov 2005
lazybummmJan 17, 2023 4:00 PM
1.3K Comments
Anyone called CVRP yet? They are sticklers, if it's not on the list, they won't give rebates, will they add back mid-year? who knows.
Jan 17, 2023 4:02 PM
24 Comments
Joined Jan 2023
LovelyRain4135Jan 17, 2023 4:02 PM
24 Comments
Quote from lazybummm :
Anyone called CVRP yet? They are sticklers, if it's not on the list, they won't give rebates, will they add back mid-year? who knows.
I've been waiting on the answer to this also
Jan 17, 2023 4:07 PM
13.2K Comments
Joined Feb 2008
AkumaXJan 17, 2023 4:07 PM
13.2K Comments
Quote from nosugarplease :
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
The FP link to the deal is wrong. You need to go to custom order rather than existing inventory.

https://www.tesla.com/modely/design#overview

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Jan 17, 2023 4:14 PM
4.3K Comments
Joined Jun 2007
dvdrdiscsJan 17, 2023 4:14 PM
4.3K Comments
Quote from LovelyRain4135 :
SUV has 60k limit so the model Y is eligible
Going by the federal guidelines, some model Y trim counts as an suv and some as a midsize sedan. Did you check if the guidelines are different?

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