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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 22, 2023 3:15 PM
401 Comments
Joined Feb 2008
prabhupJan 22, 2023 3:15 PM
401 Comments
Looks like whoever bough prior to 2023 also qualify for 7500$

https://www.irs.gov/credits-deduc...-or-before
Jan 22, 2023 3:16 PM
233 Comments
Joined Sep 2008
dealer89Jan 22, 2023 3:16 PM
233 Comments
Quote from cheapyellowbastard :
Tesla doesn't save money on gas. Electricity bill, high insurance cost, and future repair cost. For ppl who can't do math Just invest the money and it will pay for gas. Tesla used to be cool, now there's toooo many on the road and have owner reputation that used to be held by Prius and bmw 3 series owner. It's now just an over priced Camry of EVs pretending to be luxury. Owners think they are better/smarter than others. Elon will kick u again w new model and radar soon.
MOOO opinion
Jan 22, 2023 3:18 PM
470 Comments
Joined May 2011
pisceanJan 22, 2023 3:18 PM
470 Comments
Quote from cheapyellowbastard :
Tesla doesn't save money on gas. Electricity bill, high insurance cost, and future repair cost. For ppl who can't do math Just invest the money and it will pay for gas. Tesla used to be cool, now there's toooo many on the road and have owner reputation that used to be held by Prius and bmw 3 series owner. It's now just an over priced Camry of EVs pretending to be luxury. Owners think they are better/smarter than others. Elon will kick u again w new model and radar soon.
Electricity bill is cheap considering you get 4c for mile. Yes for high insurance cost. The warranty is for 8 years. Tesla comparison is to BMW and Mercedes cars not Toyota Camry even Toyota Camry hybrid is expensive these days. The 7.5k and cost reduction offsets the high price tag hence most people are buying it. The driving experience is much better than the gas cars.
Jan 22, 2023 3:24 PM
22 Comments
Joined Aug 2018
xshinsooJan 22, 2023 3:24 PM
22 Comments
For those who worry about insurance costs, I use Costco connect (AM FAM) and they are charging me roughly 500$ for six months for a MY 2023 NEW versus my 2022 RAV4 Hybrid NEW around 400$ for six months, so the cost isn't that much more...

BTW, the Tesla Insurance sucks hard, get off of it asap. safety score penalty for driving past 10 PM ???? WOW TESLA LMAO

Repair cost on the car (assuming not covered by warranty) is all driver dependent, if you suck at driving, any car can be costly! Be weary of tire rash!laugh out loud
Last edited by xshinsoo January 22, 2023 at 07:26 AM.
Jan 22, 2023 3:24 PM
1.4K Comments
Joined Jun 2013
MeSandyJan 22, 2023 3:24 PM
1.4K Comments
Quote from prabhup :
Looks like whoever bough prior to 2023 also qualify for 7500$

https://www.irs.gov/credits-deduc...-or-before
It is not new but since you mentioned it, please read full.

Qualified Vehicles
To qualify, a vehicle must:

Have an external charging source
Have a gross vehicle weight rating of less than 14,000 pounds
Be made by a manufacturer that hasn't sold more than 200,000 EVs in the U.S. (https://www.irs.gov/credits-deduc...and-before)
Jan 22, 2023 3:27 PM
1K Comments
Joined Mar 2019
CycloneFWJan 22, 2023 3:27 PM
1K Comments
Quote from prabhup :
Looks like whoever bough prior to 2023 also qualify for 7500$

https://www.irs.gov/credits-deduc...-or-before
Tesla (and GM) had long since passed the 200k manufacturer limit, so aren't eligible for the prior credit.
Jan 22, 2023 3:27 PM
304 Comments
Joined Dec 2016
anhdongtxJan 22, 2023 3:27 PM
304 Comments
Quote from JellyBellyMD :
Thank you. I guess many others were too embarrassed to provide a response. I thought there had to be more to the story. I mean if it can drive itself, why can't it avoid a curb? Looking forward to the CyberTruck as well. Model Ys are becoming as common as Honda Accords, which indicates it has been successful, but I believe many buy it as a status symbol which it no longer is.
No it's actually too embarrassing for you

No car is driving by itself today

There are plenty of bad drivers, people can't park without sensors lol

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Jan 22, 2023 3:28 PM
1.3K Comments
Joined Dec 2015
FishKillaJan 22, 2023 3:28 PM
1.3K Comments
Quote from mattymsu25 :
You make 60 but are buying a 55k overpriced depreciating asset. Brilliant idea. How American of you.
You don't know this person or their financial situation, yet you feel it necessary to try and put them down? Or was that a dig at all Americans?

I guess you were trying to brag, but it really shows you are insecure.
1
Jan 22, 2023 3:28 PM
6.7K Comments
Joined Dec 2010
blukingJan 22, 2023 3:28 PM
6.7K Comments
Quote from cheapyellowbastard :
Tesla doesn't save money on gas. Electricity bill, high insurance cost, and future repair cost. For ppl who can't do math Just invest the money and it will pay for gas. Tesla used to be cool, now there's toooo many on the road and have owner reputation that used to be held by Prius and bmw 3 series owner. It's now just an over priced Camry of EVs pretending to be luxury. Owners think they are better/smarter than others. Elon will kick u again w new model and radar soon.
Spoken like a true non-owner (I'm guessing). Here is my experience as a owner that does normal commutes to work 30min per day one way plus 2-3 longer road trips per year

1. Gas savings is real...plenty of reports out there that corroborate this
2. The car is extremely fun to drive, I can't drive a gas car anymore since I feel like it lags like hell.. I'm talking about regular ice cars not like a sports car or anything
3. Option to subsidize gas costs further if you have solar
4. Fsd and autopilot generally work well but it's hit or miss. Having it though is a game changer especially if you drive in a lot of traffic etc.
5. One pedal driving is another game changer but not specific to tesla, just any ev
6. Minimal cost on maintenance, so far in over 2.5 yrs of my ownership all I have done is replace the cabin filter and windshield fluid
7. Even if 100% of your electric comes from fossil fuels in general driving a ev is more environmental friendly since they are about 80-90% efficient compared to gas cars at about 40%
8. The most underrated thing in a tesla is the audio, it is phenomenal


Now to the negatives
1. Build quality is def something that can be improved in general but some of the later builds are much much improved
2. I wouldn't call the tesla a luxury car In a traditional sense, it's more of a tech car. It's just a different class
3. Lacks some basic functions like back up sensor and even garage opener is an add on
4. Service can be a PITA depending on where you live but it's getting better
5. I really don't mind the styling, yes it's getting a bit stale but that's subjective and doesn't bother me at all
Jan 22, 2023 3:30 PM
401 Comments
Joined Feb 2008
prabhupJan 22, 2023 3:30 PM
401 Comments
Quote from FishKilla :
You don't know this person or their financial situation, yet you feel it necessary to try and put them down? Or was that a dig at all Americans?

I guess you were trying to brag, but it really shows you are insecure.
Agree. he is not paying 55k upfront. He may not have other commitments and can afford 55k to pay back in the next 5-7 years.
1
Jan 22, 2023 3:31 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 22, 2023 3:31 PM
3.1K Comments
Quote from prabhup :
Toyota corolla Hybrid costed me 33k
Hybrid does not equal full electric. Now you have two systems aging rather than 1. I'd rather just have a gas vehicle. Most of us recognize that full electric need essentially no maintenance and that is pure savings.
Jan 22, 2023 3:32 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 22, 2023 3:32 PM
3.1K Comments
Quote from aifan :
Interest rates are a lot higher now though so it's a real consideration for people who are lower income. Going to eat up a lot of money per year paying that loan. Raining money for the banks.
This is a good point to be made. I assume many hope to buy now and refi later. The housing market has slowed but it hasn't stopped.
Jan 22, 2023 3:39 PM
27 Comments
Joined Nov 2014
karan1455Jan 22, 2023 3:39 PM
27 Comments
Quote from karan1455 :
If anyone wants a white Model y awd standard range (279 miles) in boston MA ,PM me.
I have an extra reservation. eta jan 31 to feb 7
Jan 22, 2023 3:52 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 22, 2023 3:52 PM
771 Comments
Quote from anhdongtx :
No it's actually too embarrassing for you

No car is driving by itself today

There are plenty of bad drivers, people can't park without sensors lol
I thought these cars had a summon feature? Is that not driving by itself? Maybe you embarrassed yourself?

Summon allows you to automatically park and retrieve Model 3 while you are standing outside the vehicle. Summon moves Model 3 forward and reverse up to 12 meters in, or out of, a parking space.

To move Model 3 a longer distance while steering around objects, you can use Smart Summon (if equipped) and your mobile phone. Smart Summon allows your vehicle to find you (or you can send your vehicle to a chosen location). See Smart Summon.
1

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Jan 22, 2023 3:58 PM
401 Comments
Joined Feb 2008
prabhupJan 22, 2023 3:58 PM
401 Comments
Quote from foxblur :
Hybrid does not equal full electric. Now you have two systems aging rather than 1. I'd rather just have a gas vehicle. Most of us recognize that full electric need essentially no maintenance and that is pure savings.
I am supporting battery cars only 😀... My reply was to say Hybrid itself costs 33k

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