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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 6:01 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 24, 2023 6:01 PM
399 Comments
Quote from mattymsu25 :
And here is the #1 sucker in the thread.
Nah… I've bought 18 brand new cars in the last 12 years… 3 of them Teslas. I want that sucker champion trophy please.
3
1
Jan 24, 2023 6:09 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 24, 2023 6:09 PM
3.7K Comments
Quote from tqlla3k :
Why is the govt subsidizing $80000 trucks/SUVs for couples making $300K?
Why shouldn't Gubment give a break to W2s that carry the lion's share of income tax burden in this country (Vs 40% pay nothing dead weight)? They take virtually half our paychecks (income tax states) anyway, good will gesture. Income caps be gone, like before.
Last edited by Anonymous January 24, 2023 at 10:17 AM.
1
1
Jan 24, 2023 6:24 PM
509 Comments
Joined May 2018
vndragonslayerJan 24, 2023 6:24 PM
509 Comments
Quote from phocean :
Yes, but that's not the point. It at least needs a phase out formular to cover $7500 after tax income. Otherwise, a family earning $301k will ends up with less income after buying the same car comparing to a family earning $300k AGI. Normally IRS tax credits involve gradual phasing out range. Not sure why this ev credit is special.
if your family is at 301k.. just donate 1k or ira rollover
if you're smart enough to realize 1k over is gonna cost 7500 credit.. pretty sure u can wiggle 1k to get back 7500
1
Jan 24, 2023 6:25 PM
61 Comments
Joined Oct 2018
WiseOctopus1522Jan 24, 2023 6:25 PM
61 Comments
Quote from vndragonslayer :
if your family is at 301k.. just donate 1k or ira rollover
if you're smart enough to realize 1k over is gonna cost 7500 credit.. pretty sure u can wiggle 1k to get back 7500
Then the 302k will be sad 🤔
1
Jan 24, 2023 6:36 PM
133 Comments
Joined Feb 2007
DystienJan 24, 2023 6:36 PM
133 Comments
Quote from Hank5150 :
Anyone looking to transfer their white, long range Y, no options in Los Angeles? DM
Yes, DM me
Jan 24, 2023 6:39 PM
274 Comments
Joined Apr 2005
clauJan 24, 2023 6:39 PM
274 Comments
Quote from vndragonslayer :
if your family is at 301k.. just donate 1k or ira rollover
if you're smart enough to realize 1k over is gonna cost 7500 credit.. pretty sure u can wiggle 1k to get back 7500
For 2022, you can only deduct charitable contribution deductions if you itemize deductions. So, that may not work well.

People in the >$300K income level are likely to have maxed out their 401K/IRA contributions. On the other hand, $7.5K makes less a difference to those in that tax bracket.

Maybe it is smart to see if Tesla can lower the price after the tax incentive is reduced, for those not able to claim the incentive.
Jan 24, 2023 6:44 PM
46 Comments
Joined Aug 2016
amit1793Jan 24, 2023 6:44 PM
46 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.
Hard to tell what they will do. Was using China as a reference model where the model Y is now priced at CNY 309,900 ($45,700)
Last edited by amit1793 January 24, 2023 at 10:46 AM.

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Jan 24, 2023 6:54 PM
298 Comments
Joined Aug 2006
dapretendrJan 24, 2023 6:54 PM
298 Comments
I'm picking up my Y at 230 in Plano TX service center today. I ordered the night the price dropped.
1
Jan 24, 2023 6:58 PM
509 Comments
Joined May 2018
vndragonslayerJan 24, 2023 6:58 PM
509 Comments
Quote from dapretendr :
I'm picking up my Y at 230 in Plano TX service center today. I ordered the night the price dropped.
this is the way.. enjoy your new ev
Jan 24, 2023 6:58 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 24, 2023 6:58 PM
4.4K Comments
Quote from dapretendr :
I'm picking up my Y at 230 in Plano TX service center today. I ordered the night the price dropped.
Too bad so much rain! FYI, you pick up your car across the street from the service center. You don't even have to talk to anyone. Just find your car (your name will be on a piece of paper on the dash), unlock it via your app. The key cards are inside, and it's all yours to drive off with.
Jan 24, 2023 7:03 PM
100 Comments
Joined Jul 2009
kingzqJan 24, 2023 7:03 PM
100 Comments
Quote from dapretendr :
I'm picking up my Y at 230 in Plano TX service center today. I ordered the night the price dropped.
On my way there now, my pick up is 1:30 Smilie
Jan 24, 2023 7:16 PM
298 Comments
Joined Aug 2006
dapretendrJan 24, 2023 7:16 PM
298 Comments
thanks for the tips!
Jan 24, 2023 7:18 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 24, 2023 7:18 PM
405 Comments
Quote from sam012007 :
I ordered M3 base on 1/13, deliver schedule text came today 1/24 - the only delivery dates available were 2/3, 2/4, 2/5 - I'll take it on 2/4. Plenty of timeslots were still available for those 3 days, nothing else was available to pick from calendar.
Which state or City ?
Jan 24, 2023 7:20 PM
5.2K Comments
Joined Dec 2009
SDSummerDayJan 24, 2023 7:20 PM
5.2K Comments

Our community has rated this post as helpful. If you agree, why not thank SDSummerDay

Quote from Mawsu :
I asked my SA, he said matrix LED will not be available in any cars. I also read some article posted in this thread https://driveteslacanada.ca/model...mporarily/ - matrix led on MY was temporary due to some part shortage and now it is back to normal, so more matrix LEDs it looks like.

Tesla rep said, USS (Sensors) will be removed from all models (even S & X) this year and quoted an article : https://www.tesla.com/support/tra...sla-vision
and that SA is full of BS, at least for matrix lights.

if you check teslamotor on reddit, plenty of posts shows Long range model y from Fremont tents to have matrix lights as late as this week. it seems like austin build long range Y don't have the light, but most fremont ones do since august of last year.
https://www.reddit.com/r/TeslaMod...ts_across/

anyhow, if you want to make sure your car is Fremont build, get the 7 seat, or have the white interior.

in fact, based on someone's quote from Tesla forum

"I got Fremont built Model Y LR and it has Matrix Head lights. The staff at delivery center told that all Model Y'd received so far from Fremont had Matrix Day light.."
Last edited by seanleeforever January 24, 2023 at 11:48 AM.
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Jan 24, 2023 7:22 PM
1.9K Comments
Joined Oct 2009
daydream3rJan 24, 2023 7:22 PM
1.9K Comments
If I don't owe any taxes would the government give me the 7.5k?
1

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