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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 4:04 PM
4.8K Comments
Joined Jun 2004
notaxstateJan 22, 2023 4:04 PM
4.8K Comments
Quote from JellyBellyMD :
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.
In my Tesla ownership since last 4+ years, Smart Summon is the most useless feature. I don't recall one time I needed that. It can navigate parking lots, but it's ridiculously bad.
Jan 22, 2023 4:07 PM
1.2K Comments
Joined Nov 2004
aifanJan 22, 2023 4:07 PM
1.2K Comments
Quote from prabhup :
Looks like whoever bough prior to 2023 also qualify for 7500$

https://www.irs.gov/credits-deduc...-or-before
That's the old credit that doesn't apply to Tesla since they exceeded 200k a long time ago.

Quote :
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.
Jan 22, 2023 4:13 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 22, 2023 4:13 PM
3.5K Comments
Quote from FishKilla :
I like the bigger ones too, but they looked a little out of place and blocked the air vent, not that it really matters. The mini display actually looks like it came factory. It is molded into the steering column plastic. You actually replace yours with this.

Carplay and Android would be nice, but honestly is is a spare car and I don't really use it enough. 2000 miles a year
Thanks for the feedback. I watched the install for both I see that the one you got is attached to the steering column and the larger one is attached to the dash but still looks like placed properly. I guess I will need to decided which I want as far as functionality. Neither looks to cause any issues with view.
Jan 22, 2023 4:14 PM
164 Comments
Joined Apr 2013
RevanriviaJan 22, 2023 4:14 PM
164 Comments
Anyone getting PPF? Debating if I want to spend $1700 on getting the front done (bumper hood headlights mirrors partial a pillars)
Last edited by Revanrivia January 22, 2023 at 08:20 AM.
Jan 22, 2023 4:27 PM
630 Comments
Joined Sep 2005
thecrlghJan 22, 2023 4:27 PM
630 Comments
Quote from Revanrivia :
Anyone getting PPF? Debating if I want to spend $1700 on getting the front done (bumper hood headlights mirrors partial a pillars)
I will be. Really based on your needs.

Be sure to go to a good shop though. PPF is all about prep. Make sure they are doing any paint correction (even on a new car) before putting on the PPF.
Jan 22, 2023 4:29 PM
304 Comments
Joined Dec 2016
anhdongtxJan 22, 2023 4:29 PM
304 Comments
Quote from JellyBellyMD :
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.
Most people don't buy or use that feature

Do you have data to show the tire scratches are due to smart Summon?

It's proven Tesla is one of the safest car to drive but nobody claims it's exempted from accident
Jan 22, 2023 4:35 PM
35 Comments
Joined Dec 2007
SierraMJan 22, 2023 4:35 PM
35 Comments
Thought about getting PPF but would rather invest that money and put it towards a down payment on my next EV.

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Jan 22, 2023 4:35 PM
35 Comments
Joined Dec 2007
SierraMJan 22, 2023 4:35 PM
35 Comments
Thought about getting PPF but would rather use the money for a down payment on a future EV.
Jan 22, 2023 4:37 PM
835 Comments
Joined Oct 2011
markng25Jan 22, 2023 4:37 PM
835 Comments
Quote from TofuVic :
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022 - $7,500 discount with 10,000 free Supercharger miles - I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

For those who do order, I recommend this Tesla Prep guide [glideapp.io] to check for build quality issues on delivery day.

I hope this helps,
Tofu Vic
Did you purchase the Model Y outright or did you do a loan?
Jan 22, 2023 4:41 PM
1.1K Comments
Joined Jun 2009
hi4700Jan 22, 2023 4:41 PM
1.1K Comments
Quote from karan1455 :
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
Are you sure we can transfer the name of the vehicle. Based on my previous experience - you can change any name but can add another person if finance is not approving.
Jan 22, 2023 4:56 PM
15 Comments
Joined Oct 2016
ungroundedJan 22, 2023 4:56 PM
15 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
You can't buy one, and they're geofenced, but there are many self driving cars (Waymo) navigating the streets of Phoenix and a couple suburbs.
Jan 22, 2023 4:56 PM
81 Comments
Joined Nov 2009
inthecityJan 22, 2023 4:56 PM
81 Comments
Quote from bluking :
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
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
Jan 22, 2023 5:00 PM
3.4K Comments
Joined Jan 2005
smachineJan 22, 2023 5:00 PM
3.4K Comments
Quote from Revanrivia :
Anyone getting PPF? Debating if I want to spend $1700 on getting the front done (bumper hood headlights mirrors partial a pillars)
I had it done when we got our 3 in 2018 and will never do it again. Front bumper and side mirrors was $500 for Xpel but over the years it's developed rips and bug stains that are difficult to clean. Car is old now and I could care less about it's cosmetics. Have a X performance and didn't put anything on the front and it's been fine. I used cquartz ceramic coating I got from Amazon and that has made washing the cars much easier.
Jan 22, 2023 5:14 PM
179 Comments
Joined Jun 2019
cheapyellowbastardJan 22, 2023 5:14 PM
179 Comments
Quote from inthecity :
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
You forgot to factor in the opportunity dollar amt lost for paying the extra cost up front. Lock the delta cost in a CD right now paying 5+% ...and the Corolla cost of ownership wins hands down. Tesla owners do too simple of a math.

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Jan 22, 2023 5:15 PM
103 Comments
Joined Jul 2010
Dogmeat26Jan 22, 2023 5:15 PM
103 Comments
Quote from smachine :
I had it done when we got our 3 in 2018 and will never do it again. Front bumper and side mirrors was $500 for Xpel but over the years it's developed rips and bug stains that are difficult to clean. Car is old now and I could care less about it's cosmetics. Have a X performance and didn't put anything on the front and it's been fine. I used cquartz ceramic coating I got from Amazon and that has made washing the cars much easier.
My clear bra from 2008 has been holding up well and I'm debating on doing this on the Y but quotes are pretty high now. Not sure if it's worth it at almost 2k. Pretty sure I spent like 600 back then.

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