Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

$52,990

$52,990

(For Qualifying Buyers)
2.7M Views
Visit Retailer
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

Community Voting

Deal Score
+839
Good Deal
Visit Retailer

Top Comments

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

12.3K Comments

Sign up for a Slickdeals account to remove this ad.

Jan 18, 2023 11:37 PM
509 Comments
Joined May 2018
vndragonslayerJan 18, 2023 11:37 PM
509 Comments
Quote from AkumaX :
Then why would you suggest a RAV4 Prime over a 3? Why not just say get a 2000 accord over a 3?
why buy overpriced rav 4 prime for 48k when u can buy a tesla y for 47k
Jan 18, 2023 11:44 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:44 PM
3.5K Comments
Quote from MaroonCircle6262 :
I applied at tower and its pending will see .. I have approval in tesla app from wells.. just need 20k financed
How long did the account creation take at tower? Submitted the app but its says pending review. Setup and account at GCCU also and it shows the same. Maybe it will get created in a day or so. My delivery was updated to next month so I guess we will see.
Last edited by TheKingofDeals January 18, 2023 at 03:48 PM.
Jan 18, 2023 11:46 PM
128 Comments
Joined Nov 2003
kenshiJan 18, 2023 11:46 PM
128 Comments
Quote from vndragonslayer :
yes but u gotta be an idiot to buy a rav4 prime for 48k when tesla 3 is 37k.
rav4prime can do 40miles ev or 500miles combine... while m3 gives you anxiety just by turning on the ac or heater! who is really the idiot? Smilie
Jan 18, 2023 11:46 PM
510 Comments
Joined Apr 2004
indeoJan 18, 2023 11:46 PM
510 Comments
Quote from Slayer.I.Am :
Hello NJ buyers

I placed an order for base Tesla Y with the Blue color.. Total 53990.
Also completed the registration process (Owner/s name + NJ license + Selfie + SSN)

But I still dont see the $2000 being taken off anywhere. Can anyone help on when and where they see the adjustment being made?
Check couple of places -
1. In your Tesla App > Financing (if you are) > View > Scroll down on the resulting page ... you will see it at the bottom (this place is info only).
2. lookout for an email from Tesla (email: [email protected]) with the CUNJ rebate form. You have to sign and return this form.

From what I understood from the email, the rebate needs to be applied for by Tesla and reserve the funds under your name. This is done before you take delivery. Once approved, you will get this as a POS credit.

I got the email today and today was the last day to sign and return. My delivery is on 23rd Jan, so hopefully all this gets done and approved before my delivery day.
Jan 18, 2023 11:47 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:47 PM
3.5K Comments
Quote from thinh4u2 :
Order Status Update: jan-march is now jan30-feb 27 for me. No VIN yet though.

Ordered Friday 1130am. MYLR standard everything. Live in NC.

Dang, was kinda hoping Jan to early Feb, trying to not cut too close to March in case there are delays. Better than previous estimate I guess.
Mine was updated today also shows Feb 1 to March 1 for M3P also in NC
Went ahead and ordered my Mobile charger since they increased the price of the wall charger didn't want to worry about any sneaky price increases
Using the 14-50 adapter Wink
Last edited by TheKingofDeals January 18, 2023 at 03:57 PM.
1
Jan 18, 2023 11:48 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 18, 2023 11:48 PM
405 Comments
Quote from TheKingofDeals :
How long did the account creation take at tower? Submitted the app but its says pending review.
Same brother it says pending for me as well..
1
Jan 18, 2023 11:50 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:50 PM
3.5K Comments
Quote from MaroonCircle6262 :
Same brother it says pending for me as well..
Ok cool! I had my credit froze and thawed it a few days ago had me worried. Usually checking accounts are setup pretty quick, sounds like we are working with some small banks here.
1

Sign up for a Slickdeals account to remove this ad.

Jan 18, 2023 11:50 PM
147 Comments
Joined Apr 2012
silviusJan 18, 2023 11:50 PM
147 Comments
Quote from PocketsThick :
It's because of the economic pain coming in 2023. Car sales are going to be down this year, the layoffs are already starting to happen. Tesla is trying to push as many sales as they can before the pain starts to be felt, and they aren't able to sell units as easily.
What economic pain in 2023?
Jan 18, 2023 11:58 PM
957 Comments
Joined Nov 2013
mtx1212Jan 18, 2023 11:58 PM
957 Comments
Quote from Aln10788 :
I'm so confused about this tax credit. Line 24 of my taxes is over $7500. Is it just a reduction of that number? Basically I just want to know if I'm actually saving $7500.
yes, credit is on your total annual tax liability.
Jan 19, 2023 12:00 AM
2.7K Comments
Joined Nov 2006
likeawJan 19, 2023 12:00 AM
2.7K Comments
Quote from silvius :
What economic pain in 2023?
Just from today....

U.S. Retail Sales Fell 1.1% in December
Jan 19, 2023 12:05 AM
509 Comments
Joined May 2018
vndragonslayerJan 19, 2023 12:05 AM
509 Comments
Quote from kenshi :
rav4prime can do 40miles ev or 500miles combine... while m3 gives you anxiety just by turning on the ac or heater! who is really the idiot?
but you're paying more for the car+gas.. plus i dont need over 200 mile range.. Smilie.. who's the idiot now.. better yet i can walk and not pay a penny for insurance, gas, maintenance.. worry about joe biden affecting my gas cost and least of all. I DONT HAVE TO SIT 6 HOURS IN dealership trying to buy a car.
Jan 19, 2023 12:08 AM
164 Comments
Joined Apr 2013
RevanriviaJan 19, 2023 12:08 AM
164 Comments
Quote from TheKingofDeals :
Ok cool! I had my credit froze and thawed it a few days ago had me worried. Usually checking accounts are setup pretty quick, sounds like we are working with some small banks here.
I think you'll be fine if your delivery is next month. I did read that Tower is slow.
Jan 19, 2023 12:14 AM
14 Comments
Joined Sep 2014
TruePJan 19, 2023 12:14 AM
14 Comments
Do anyone knows what comes by default with Model Y?
Charger included or we need to order Wall Connector?

Thanks in advance.!
Jan 19, 2023 12:18 AM
88 Comments
Joined Jan 2018
Anasazi318798Jan 19, 2023 12:18 AM
88 Comments
Quote from TheKingofDeals :
Hey thanks for posting this link, very informative. Should we go Tower or Gold Coast?
Seems they are fairly close in rates but on the link you posted people are complaining about Tower dragging their feet.
I've talked to both numerous times on the phone and I'm choosing GCFCU. I'll have my employer send the amount of my payment to the account each month and take advantage of that extra .25% off.

Sign up for a Slickdeals account to remove this ad.

Original Poster
Jan 19, 2023 12:18 AM
676 Comments
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 19, 2023 12:18 AM
676 Comments
Quote from TrueP :
Do anyone knows what comes by default with Model Y?
Charger included or we need to order Wall Connector?

Thanks in advance.!
Charger is not included

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

Popular Deals

Trending Deals