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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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12.3K Comments

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Jan 17, 2023 8:57 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 8:57 PM
509 Comments
Quote from supersteals :
We need to start protesting like China. I got mine in Nov 22 and paid about the same but without the 10000 mile credit. I believe a class action suit is needed here. No one would have bought at that price if there was info that the price in Jan will drop so drastically
class action for what? are you this dense? you're saying u would file class action lawsuit.. but if it were reversed n elon increase the price.. are you going to do a class action checkbook writing to elon?
Jan 17, 2023 8:58 PM
3K Comments
Joined Jan 2011
WifeCallsMeCheapJan 17, 2023 8:58 PM
3K Comments
Analysts seem to agree lower prices means lower profits. Not everyone sees eye to eye, however, on the magnitude of the impact that the price cuts will have on the company and its stock price.
Jan 17, 2023 8:59 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 8:59 PM
509 Comments
Quote from EliteDealHunter :
Yeah, I was referring to the federal credit. But you're right as well, it's not fraud for somebody to pay for a car you're using, even if you don't intend to transfer it to your name. Ask millions of high school and college kids who actually owns their car and pays for it.
yea its fraud.. those millions of high school kids with these cars on their name and paid for it are using daddy's trust fund money. get a grip.. there arent million of lebron james to buy hummer h2 in high school
Jan 17, 2023 9:01 PM
148 Comments
Joined Aug 2011
grxnxdosJan 17, 2023 9:01 PM
148 Comments
Quote from skinnywallet42 :
I don't know how the Fed tax credit works, but the CVRP rebate, I believe you have to keep the car for an amount of time, or else forfeit the rebate. Not sure if they actually audit or go after people.

I think they would be able to have their parents buy it (pay tax once) and just have their parents gift it to them, which would not require paying tax again. At least that's how it is in CA. No idea if there are minimal time restrictions either.
I imagine you could skirt the time-block requirement in your parent/child scenario by co-purchasing the vehicle with them. Parent as main buyer and child as cosigner. Once the time-block expires and the car is paid off, couldn't the child simply be able to remove you from title and registration?
Last edited by grxnxdos January 17, 2023 at 01:04 PM.
Jan 17, 2023 9:05 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 9:05 PM
509 Comments
Quote from BrokePanda :
Analysts seem to agree lower prices means lower profits. Not everyone sees eye to eye, however, on the magnitude of the impact that the price cuts will have on the company and its stock price.
q1 23 sales is thru the roof next quarter earnings come out
Original Poster
Jan 17, 2023 9:07 PM
676 Comments
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 17, 2023 9:07 PM
676 Comments
Quote from supersteals :
We need to start protesting like China. I got mine in Nov 22 and paid about the same but without the 10000 mile credit. I believe a class action suit is needed here. No one would have bought at that price if there was info that the price in Jan will drop so drastically
If you do not opt-out from arbitration within 30 days after vehicle delivery, then it is not possible to take it to the court.

https://www.nytimes.com/2022/12/1...ation.html
Jan 17, 2023 9:10 PM
4.7K Comments
Joined Mar 2005
1jzgteJan 17, 2023 9:10 PM
4.7K Comments
Quote from vndragonslayer :
nah.. u still gotta do bathroom breaks.. you not driving 600 miles without a stop.. unless you got some mental issues
well yea.. 10 minute bathroom break vs a 1 hour charge is a huge difference

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Jan 17, 2023 9:11 PM
399 Comments
Joined Jun 2008
gotoee37000Jan 17, 2023 9:11 PM
399 Comments
If irs sometimes in March publishes the rules concerning the battery sourcing which make Tesla vehicles unqualified for the $3750 credit, which other car companies will be qualified for that at that moment?
Jan 17, 2023 9:13 PM
17 Comments
Joined Jan 2019
sfkeepayJan 17, 2023 9:13 PM
17 Comments
Quote from NotAbot987 :
I agree, it boggles my mind that my kids' schools use Facebook or Twitter for communication and make students watch Youtube with advertisements. Still, taking it on single individual who is really not the cause of the problem is moving in the wrong direction, even worse it's counterproductive. TL;DR singling out Musk is not going to fix the issue(s).
You're right of course. If Musk sold Twitter tomorrow it would only be a band-aid. Unless a large majority can agree on a set principles that address the problems (both created and exaggerated) of social media, we're just swatting at mosquitos in the middle of a swamp.
Jan 17, 2023 9:14 PM
4.7K Comments
Joined Mar 2005
1jzgteJan 17, 2023 9:14 PM
4.7K Comments
Quote from tonkotsu :
Depends on the miles and route

It's like a smartphone

You're not supposed to fully charge if you need continuous usage

You generally charge for 20-30 minutes n then continue driving

Even if we round up, the person you know stopped 8 times, 30 minutes each?

Superchargers usually charge about 200 miles per 30 minutes

If your friend was driving 1600 miles (30 minutes x8, your 4 hours) that's not unusual

They knew this going in buying an ev, doesn't matter if it's a tesla or some other ev

What's unusual is not stopping for the restroom, snack, or meal on a 10hr+ trip

That seems to be what you're implying
youre trying to justify an added 4 hours to an already 10 hour drive.. it sounds pretty stupid
3
Jan 17, 2023 9:16 PM
1K Comments
Joined Mar 2019
CycloneFWJan 17, 2023 9:16 PM
1K Comments
Quote from 1jzgte :
youre trying to justify an added 4 hours to an already 10 hour drive.. it sounds pretty stupid
Again, other than potentially there was a line to use a charger, I'd be surprised. Like I said a few pages ago, it added 90 minutes to an 11 hour drive for me recently, and that 90 min also included me eating lunch at one of the charging stops.
Jan 17, 2023 9:16 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 9:16 PM
509 Comments
Quote from 1jzgte :
well yea.. 10 minute bathroom break vs a 1 hour charge is a huge difference
or just walk.. its free. no insurance or liability insurance to worry
Jan 17, 2023 9:18 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 9:18 PM
509 Comments
Quote from gotoee37000 :
If irs sometimes in March publishes the rules concerning the battery sourcing which make Tesla vehicles unqualified for the $3750 credit, which other car companies will be qualified for that at that moment?
not sure maybe model y with new battery
Jan 17, 2023 9:27 PM
2.6K Comments
Joined Dec 2008
Travis64Jan 17, 2023 9:27 PM
2.6K Comments
Got my trade in 5 days later.
10k less then i paid for it 6 months ago for a jeep idk if its worth it.I rejected the offer.Has anyone got them to offer higher if you resubmit?
Also didn't mention any tax savings with trade in?

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Jan 17, 2023 9:29 PM
509 Comments
Joined May 2018
vndragonslayerJan 17, 2023 9:29 PM
509 Comments
Quote from Travis64 :
Got my trade in 5 days later.
10k less then i paid for it 6 months ago for a jeep idk if its worth it.I rejected the offer.Has anyone got them to offer higher if you resubmit?
Also didn't mention any tax savings with trade in?
why would anyone offer used car offer when tesla are at a all time low after incentives.. theyre in the business of making money, not throwing away like carvana..

people need to accept the reality right now that used car bubble is broken and don't think of a car as an investment purchase...

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