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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 22, 2023 2:02 AM
65 Comments
Joined Aug 2011
D3algetterJan 22, 2023 2:02 AM
65 Comments
Hi what steps we need to complete inside app after which vin is assigned or eta is given. I did registration only. Do we need to apply loan?
Jan 22, 2023 2:03 AM
2.6K Comments
Joined Oct 2006
sussigJan 22, 2023 2:03 AM
2.6K Comments
Quote from Revanrivia :
My model Y has no matrix lights or USS. Built Jan 3 in Austin. Scheduling is done on the app.
can you check your screen to see if ccs is enabled by default ?
To determine if your vehicle is compatible, touch Controls > Software > Additional Vehicle Information on the touchscreen
Jan 22, 2023 2:04 AM
863 Comments
Joined Dec 2005
khokaJan 22, 2023 2:04 AM
863 Comments
Quote from mojo-jojo26 :
Only charging adapter.

No wall or mobile(was coming with prior) chargers coming with the car anymore.
Does it come carpet floor mats?
Jan 22, 2023 2:09 AM
61 Comments
Joined Oct 2018
WiseOctopus1522Jan 22, 2023 2:09 AM
61 Comments
My EV history: Still Own a 2013 Nissan leaf, Leased a 2016 Chevy Spark EV, bought and sold(GM buyback) a 2019 Bolt. Just because I could not justify the price difference of 12k between the Bolt and Model-3 i did not go for it at that time. I am a huge fan of EV.

I wished for a Model Y since day 1(had a pre-order reservation which I cancelled later), but successfully overcame my longings till now. Placed my MY LR order on 13th Jan, I don't have a VIN assigned yet, but delivery is showing as "estimated between Jan 18 and Feb 1".

I really want to be happy with my much awaited purchase. And without that sensors and radar I know I will not be happy - specifically if I see them on the new cars soon.

Looks like I have two options.
1. Take delivery now, hoping tesla will give a retro upgrade option and that the price will be less than 3750.
2. Postpone delivery(not sure if its even possible), hope the price will not increase, get half tax rebate and think the remaining $3750 went for the upgrades.

Not sure if there will be a retrofit option ever and I am torn between these two options.. And not sure if there are any other options(Any suggestions?).. Not in a rush, if i go with option 2 and if the price increase, I know, i can hold my wishes once again, wait and go for a 30-35k SUV/Crossover EV (Equinox).
Jan 22, 2023 2:13 AM
2.5K Comments
Joined Aug 2007
sleekwalletJan 22, 2023 2:13 AM
2.5K Comments
Quote from WiseOctopus1522 :
My EV history: Still Own a 2013 Nissan leaf, Leased a 2016 Chevy Spark EV, bought and sold(GM buyback) a 2019 Bolt. Just because I could not justify the price difference of 12k between the Bolt and Model-3 i did not go for it at that time. I am a huge fan of EV.

I wished for a Model Y since day 1(had a pre-order reservation which I cancelled later), but successfully overcame my longings till now. Placed my MY LR order on 13th Jan, I don't have a VIN assigned yet, but delivery is showing as "estimated between Jan 18 and Feb 1".

I really want to be happy with my much awaited purchase. And without that sensors and radar I know I will not be happy - specifically if I see them on the new cars soon.

Looks like I have two options.
1. Take delivery now, hoping tesla will give a retro upgrade option and that the price will be less than 3750.
2. Postpone delivery(not sure if its even possible), hope the price will not increase, get half tax rebate and think the remaining $3750 went for the upgrades.

Not sure if there will be a retrofit option ever and I am torn between these two options.. And not sure if there are any other options(Any suggestions?).. Not in a rush, if i go with option 2 and if the price increase, I know, i can hold my wishes once again, wait and go for a 30-35k SUV/Crossover EV (Equinox).
There won't be , you can always just sell it a couple of years later
Jan 22, 2023 2:17 AM
61 Comments
Joined Oct 2018
WiseOctopus1522Jan 22, 2023 2:17 AM
61 Comments
Quote from D3algetter :
Hi what steps we need to complete inside app after which vin is assigned or eta is given. I did registration only. Do we need to apply loan?
There is a webinar "Get to Know Your Next Steps" (you should have got an email) - it oulines the procedure and next sep. Attached is a pdf with links on topics they covered.
Jan 22, 2023 2:33 AM
565 Comments
Joined Oct 2004
dealhunt_101Jan 22, 2023 2:33 AM
565 Comments
Quote from modabum :
The trade in offer I received for my Honda CR-V is 20% lower than fair market value so I'm weighing my options. Does anyone know whether how quickly I make a decision on the trade in impact my delivery date? Like would it speed up my chances of getting delivery if I accept/reject quickly vs letting the offer stand for a couple weeks (they gave me 30 days)? Thanks
My trade-in offer is about the same, 20% lower. I'll go back to the trusted Craigslist to sell my car, where I've had good experience selling 10-30% over KBB.

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Jan 22, 2023 2:39 AM
771 Comments
Joined Dec 2014
JellyBellyMDJan 22, 2023 2:39 AM
771 Comments
Quote from ggapropros :
https://www.thezebra.com/resource...istration.

Average miles driven per year in the U.S. (2022)
On average, Americans drive 14,263 miles per year according to the Federal Highway Administration.

Most americans dont work from home. Congratulations on not understanding basic outliers in highschool level statistics, you will probably never be able to afford a tesla at your intelligence.. you can leave the thread now.
Lol....Ask again if I have a 1,000 gas mile tank and then read my response and then maybe, just maybe, you will comprehend the response.
Jan 22, 2023 2:39 AM
1.2K Comments
Joined Nov 2004
aifanJan 22, 2023 2:39 AM
1.2K Comments
Quote from WiseOctopus1522 :
I really want to be happy with my much awaited purchase. And without that sensors and radar I know I will not be happy - specifically if I see them on the new cars soon.

Looks like I have two options.
1. Take delivery now, hoping tesla will give a retro upgrade option and that the price will be less than 3750.
2. Postpone delivery(not sure if its even possible), hope the price will not increase, get half tax rebate and think the remaining $3750 went for the upgrades.
Generally always a bad bet to assume any hardware upgrades down the road on a Tesla. Software features, apps and games are expected, but never hardware upgrades as they are so rare. Even if they promised a hardware upgrade by an Elon tweet, you wouldn't know which year/decade it would come.
Last edited by aifan January 21, 2023 at 06:44 PM.
Pro
Jan 22, 2023 2:39 AM
10K Comments
Joined Jun 2008
runtohell121
Pro
Jan 22, 2023 2:39 AM
10K Comments
If I was to order a Tesla Model 3 right now and initiate a trade-in for my 2021 VW ID.4 Pro; if the offer is decent, how long would it be valid for? I know Carvana offered me $27K; Vroom was $22K...
Jan 22, 2023 2:42 AM
304 Comments
Joined Dec 2016
anhdongtxJan 22, 2023 2:42 AM
304 Comments
Quote from khoka :
Does it come carpet floor mats?
Yes, it does
Jan 22, 2023 2:45 AM
501 Comments
Joined Feb 2012
Mikey122687Jan 22, 2023 2:45 AM
501 Comments
Anyone know if Tower CU requires you to open a checking account? like deposit the money there so they can take it out every month
Jan 22, 2023 2:47 AM
3.5K Comments
Joined Jan 2011
toromacJan 22, 2023 2:47 AM
3.5K Comments
Fact is that it's ridiculous to not have parking sensors on a high tech car. I dont need them but I will say its nice when parking quickly in a tight spot. Especially when not backing into a spot. If they didn't include a backup camera people would say the same thing - oh I don't need that haha. People say anything to justify suboptimal purchases
1
4
Jan 22, 2023 3:26 AM
168 Comments
Joined Dec 2004
cybertechieJan 22, 2023 3:26 AM
168 Comments
The prices will be reduced further by June for sure. There's plenty of inventory in my area that are not sold. Model Y's above 55k and model 3's above 44k. They are going to make 2 million vehicles this year and will be under tremendous pressure to sell all of it as they don't have enough dealerships to park their inventory.
2

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Jan 22, 2023 3:37 AM
129 Comments
Joined Nov 2004
ninjewJan 22, 2023 3:37 AM
129 Comments
Quote from winstoon :
Wait a sec...you got a point. So lemme restate that. If you're making under $150k and you don't have a pretty sizable savings/investment portfolio to the point where you can afford a $50k car but you're still buying it, you're not being fiscally responsible.

This tax plan still encourages yolo though.
Wait a sec...I agree. People definitely overspend too much and most probably can't afford a lot of the stuff they buy. Me? I'm a SILK (single income, lot's of kids) married to a frugal person, and we spend where it matters. We live in an area where having a car (especially multiple if you have multiple drivers) makes life much much easier and we've been surviving on one for a long time. Apparently we shouldn't make enough to afford our house or buying a new Tesla Model Y, but we somehow do - by saving and not overspending on things that don't seem to matter much in the long run (or only buying stuff when we see it on slickdeals). We had planned to purchase a new hybrid or electric car in the coming years, as well as add solar to our house, and after 6 years the Model Y costs the same as a new gas powered Camry, so...YOLO! Is it a splurge and an impulse buy? Maybe, and it would be about the first one in my life. But it's also planned out and a new car was in the works for us anyway, so it was hard to pass up a Model Y at this price, which we can readily afford, despite earning well under $150k.

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