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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 24, 2023 2:26 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 24, 2023 2:26 PM
4.4K Comments
Quote from ELofLA :
This is just a rush peak, we will get more discount by end of this or next quarter,
Factories keep spitting out EV so they have to sell them.
Factory keeps spitting out EV's and they still can't spit them out fast enough. The line for buyer is long, and growing.

Don't worry about Elon. Elon has plenty of money to fight lawsuits. Plenty!
Jan 24, 2023 2:32 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 24, 2023 2:32 PM
4.4K Comments
Quote from amit1793 :
Tesla still has plenty of gross profit margin without substantial competition. I will wait till Dec or early next year when the competition heats up, and Tesla is also forced to improve build quality, and lower profit margins.
You're correct. Tesla still has plenty of room in profit margins. But the competition doesn't.
I'm not sure the competition can push Tesla to lower prices. I think Tesla can push competition to lower. That may be even better for us. Ford really got stupid with Lightning prices. Maybe they'll "eventually" have to revisit their plan? Maybe not. The line still exist.
Jan 24, 2023 2:43 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 24, 2023 2:43 PM
4.4K Comments
Quote from mojo-jojo26 :
All these claims are speculative based on partial information available from some tweets and portals.
No firm dates tied to specific parts built in the car.
It's hit or miss right now and for matrix light and comfort suspensions for MYLR.
Wish everyone who did not get the delivery yet will get the new parts.
That's exactly what he's saying. He's taking guessing at what "may" happen. He clearly conveys to us, we don't know what will happen or who will get what. He doesn't state any firm dates of any kind for any parts.
Jan 24, 2023 2:51 PM
1.7K Comments
Joined Nov 2006
sidewinder33625Jan 24, 2023 2:51 PM
1.7K Comments
raising 500 was a smart move. it will dispel any notions that there will be further reductions and force those on the fence to place orders fearing further increases. it will also make someone think twice about cancelling their existing order made prior to the increase. at the same time it is not enough of an increase to affect new sales.
Jan 24, 2023 2:54 PM
580 Comments
Joined Aug 2011
bupacJan 24, 2023 2:54 PM
580 Comments
This is a power move. This will scare the people on the fence that the prices might rise again and they'll start to place their orders. $500 is not enough to lose customers but motivation enough to lock in these type of folks. Big brain strategic move.
1
Jan 24, 2023 3:12 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 24, 2023 3:12 PM
3.1K Comments
Quote from twoweeled :
yeah, I'm betting the line of people wanting to just throw $250 away for kicks is kinda short.
I wouldn't worry too much about that. LMAO
I ordered knowing very well that I may be throwing away $250 but maybe everything will work out and I'll get delivery before things change with the $7500 rebate
Jan 24, 2023 3:13 PM
1.5K Comments
Joined Jan 2011
bugelrexJan 24, 2023 3:13 PM
1.5K Comments
Quote from dealhunt_101 :
EV price has to fall for mass adoption, but not the price of M3 or MY. There will be smaller versions, lower driving range, less features, so on. M3 is already at 35k+taxes now, and a stripped down version with smaller range, a drop of another 5-7k will put it in range of all. But then the same folks will complain of lack of features, sensors, and range. It will be struggle, a 10-20 year play, to get to mass adoption.
The issue for adoption is charging network. For some reason, only Tesla can manage reliable charging hardware.

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Jan 24, 2023 3:15 PM
481 Comments
Joined Mar 2007
VLAN101Jan 24, 2023 3:15 PM
481 Comments
Quote from foxblur :
Ordered a MYLR white 5 seat Saturday morning for Indianapolis. It still says January to March with no vin yet. Maybe I should have ordered grey or the black rims.
Dates will be updated in 3-5 days after order date and most likely you will get delivery in April.
Jan 24, 2023 3:16 PM
2.4K Comments
Joined Jun 2009
Deal_Breaker2Jan 24, 2023 3:16 PM
2.4K Comments
Has anyone received vin for MY 7 seater?
Jan 24, 2023 3:17 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 24, 2023 3:17 PM
3.1K Comments
Quote from VLAN101 :
Dates will be updated in 3-5 days after order date and most likely you will get delivery in April.
You just have all the information. So I should cancel my order so you can get yours that you ordered yesterday sooner?LMAO
Jan 24, 2023 3:17 PM
1.5K Comments
Joined Jan 2011
bugelrexJan 24, 2023 3:17 PM
1.5K Comments
Quote from twoweeled :
You're correct. Tesla still has plenty of room in profit margins. But the competition doesn't.
I'm not sure the competition can push Tesla to lower prices. I think Tesla can push competition to lower. That may be even better for us. Ford really got stupid with Lightning prices. Maybe they'll "eventually" have to revisit their plan? Maybe not. The line still exist.
The competition only option is to lobby the government like crazy to remove the 55k suv limit for model Y. (So Tesla can raise price)

This of there only realistic option to survive EV price war with Tesla
Jan 24, 2023 3:22 PM
4.6K Comments
Joined Mar 2006
tqlla3kJan 24, 2023 3:22 PM
4.6K Comments
Quote from bugelrex :
The competition only option is to lobby the government like crazy to remove the 55k suv limit for model Y. (So Tesla can raise price)

This of there only realistic option to survive EV price war with Tesla
See how that works. Lower limits for govt assistance causes manufacturers to lower their prices. Why is the govt subsidizing $80000 trucks/SUVs for couples making $300K?

IMO, that $80000 truck subsidy needs to go. And the $55K limit should be a $45K limit. It would force manufacturers to target lower sales prices.
Jan 24, 2023 3:24 PM
1K Comments
Joined Jan 2009
phoceanJan 24, 2023 3:24 PM
1K Comments
I don't understand why the $7500 credit has a hard cutoff instead of a phase-out formular base on AGI.
Jan 24, 2023 3:26 PM
5.3K Comments
Joined Oct 2011
juggarJan 24, 2023 3:26 PM
5.3K Comments
Quote from foxblur :
You can chose either year to use your AGI. The rebate won't come until you file in 2024. But you do have the option to elect to have your employer withhold less with the anticipation of the rebate essentially giving you pieces of the rebate immediately.
I always stop withholding immediately after purchasing an eligible EV , it works perfect for me. But then again I do work for a tax software company so may understand my tax situation a fair bit better than others. in 2024 once these credits get applied immediately to the price at point of sale, it will make things at lot easier on folks.

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Jan 24, 2023 3:26 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 24, 2023 3:26 PM
4.4K Comments
Quote from bugelrex :
The competition only option is to lobby the government like crazy to remove the 55k suv limit for model Y. (So Tesla can raise price)

This of there only realistic option to survive EV price war with Tesla
Yep! That's what I'm thinking too. But I think the SUV limit is $80K.
Last edited by twoweeled January 24, 2023 at 07:30 AM.

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