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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 20, 2023 6:17 AM
2.5K Comments
Joined Aug 2007
sleekwalletJan 20, 2023 6:17 AM
2.5K Comments
Quote from JohnJ5627 :
dont make same mistake before, just add that 2k induction wheel and it would pull the dates earlier than march
i think you are right
Jan 20, 2023 6:24 AM
172 Comments
Joined Dec 2007
nsxalwayzJan 20, 2023 6:24 AM
172 Comments
.......
Last edited by nsxalwayz January 19, 2023 at 10:25 PM.
Jan 20, 2023 6:26 AM
187 Comments
Joined Dec 2013
JohnJ5627Jan 20, 2023 6:26 AM
187 Comments
Quote from nsxalwayz :
Need to stop calling is a 37k Model 3 or 45k Model Y. You still have to pay tax on the full price of the car, if you live in a state with sales tax. Also, not everyone will qualify for the full $7,500 back. Too much misinformation here.

If you do not understand how the $7500 tax credit works, please educate yourself on it first before purchasing and expecting the full amount back
you nailed the point, $7500 is on taxes you owe, also it's non-refundable. I dont think many buyers understand this well enough.


- John
2
Jan 20, 2023 6:30 AM
4.3K Comments
Joined Apr 2009
emofalsJan 20, 2023 6:30 AM
4.3K Comments
Why do I see the lowest model Y price as 55,990 and not 52,990. What am I missing?
Jan 20, 2023 6:32 AM
405 Comments
Joined May 2018
MaroonCircle6262Jan 20, 2023 6:32 AM
405 Comments
Quote from emofals :
Why do I see the lowest model Y price as 55,990 and not 52,990. What am I missing?
Do a custom order you will see
Jan 20, 2023 6:34 AM
4 Comments
Joined Jan 2021
eCurationsJan 20, 2023 6:34 AM
4 Comments
Ordered MY Long Range on 13th in Midnight Silver without any add-ons. Initial delivery estimate was Jan 23rd to Feb 6. VIN was assigned on 18th and the delivery estimate changed to Jan 29th - Feb 6th. I live in SoCal. Decided to go with Tesla Insurance as it is a lot cheaper than any other. Anyone else in SoCal find cheaper insurance than Tesla Insurance for their Tesla?
Jan 20, 2023 6:37 AM
2.5K Comments
Joined Aug 2007
sleekwalletJan 20, 2023 6:37 AM
2.5K Comments
Quote from eCurations :
Ordered MY Long Range on 13th in Midnight Silver without any add-ons. Initial delivery estimate was Jan 23rd to Feb 6. VIN was assigned on 18th and the delivery estimate changed to Jan 29th - Feb 6th. I live in SoCal. Decided to go with Tesla Insurance as it is a lot cheaper than any other. Anyone else in SoCal find cheaper insurance than Tesla Insurance for their Tesla?
Yes, wawanesa

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Jan 20, 2023 6:38 AM
565 Comments
Joined Oct 2004
dealhunt_101Jan 20, 2023 6:38 AM
565 Comments
Quote from emofals :
Why do I see the lowest model Y price as 55,990 and not 52,990. What am I missing?
A week worth of discussion, and ~5600 posts Smilie
1
Jan 20, 2023 6:40 AM
4.3K Comments
Joined Apr 2009
emofalsJan 20, 2023 6:40 AM
4.3K Comments
Quote from hanabie :
Before you buy, make sure you understand that the threshold is $55k.

The performance model is not eligible.
Is that before the fees or after? Also I see lowest is 55,990 and not 52,990, what am I missing?
2
Pro
Jan 20, 2023 6:55 AM
10K Comments
Joined Jun 2008
runtohell121
Pro
Jan 20, 2023 6:55 AM
10K Comments
Buy a Tesla Model 3 at $46K + tax, less $7,500 tax credit at the time of filing... or wait for a 2023 Toyota Prius LE AWD for around $30K + tax.

Electricity in California is probably $0.28/kWh, but then you're comparing a somewhat luxury car vs. econobox.
Jan 20, 2023 6:56 AM
4.3K Comments
Joined Apr 2009
emofalsJan 20, 2023 6:56 AM
4.3K Comments
Quote from dealhunt_101 :
A week worth of discussion, and ~5600 posts Smilie
Posted that after reading 30 pages.. so save me the pain Smilie
Jan 20, 2023 6:58 AM
526 Comments
Joined Mar 2019
ggaproprosJan 20, 2023 6:58 AM
526 Comments
Quote from runtohell121 :
Buy a Tesla Model 3 at $46K + tax, less $7,500 tax credit at the time of filing... or wait for a 2023 Toyota Prius LE AWD for around $30K + tax.

Electricity in California is probably $0.28/kWh, but then you're comparing a somewhat luxury car vs. econobox.
good luck on gettin a dealer to agree to that price lol
Jan 20, 2023 7:01 AM
4.3K Comments
Joined Apr 2009
emofalsJan 20, 2023 7:01 AM
4.3K Comments
Quote from MaroonCircle6262 :
Do a custom order you will see
Thank you. I added 7 seater and get a final price of $56,990. The message still shows I qualify for $7500. Does that customization not count towards the price limit? Are folks buying autopilot and self driving capability?
Jan 20, 2023 7:06 AM
1K Comments
Joined May 2008
Freeloader87Jan 20, 2023 7:06 AM
1K Comments
Quote from runtohell121 :
Buy a Tesla Model 3 at $46K + tax, less $7,500 tax credit at the time of filing... or wait for a 2023 Toyota Prius LE AWD for around $30K + tax.

Electricity in California is probably $0.28/kWh, but then you're comparing a somewhat luxury car vs. econobox.
You have a better chance winning the Powerball than finding a dealer selling you at that price
1

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Jan 20, 2023 7:06 AM
4.1K Comments
Joined Nov 2005
MCeatalotJan 20, 2023 7:06 AM
4.1K Comments
Quote from runtohell121 :
Buy a Tesla Model 3 at $46K + tax, less $7,500 tax credit at the time of filing... or wait for a 2023 Toyota Prius LE AWD for around $30K + tax.

Electricity in California is probably $0.28/kWh, but then you're comparing a somewhat luxury car vs. econobox.
This must be your first time driving a TM3 because nothing about the interior is luxurious. That vegan leather? It's another fancy name for vinyl or faux leather.

Source: ex-TMYP and TM3SR owner.

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