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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 25, 2023 4:18 PM
563 Comments
Joined Dec 2012
Slayer.I.AmJan 25, 2023 4:18 PM
563 Comments
Quote from VLAN101 :
$250 x 10,000 = $2,500,000 of free money for Tesla. Peace

Think Bigger -- $10,000 (what they make per car atleast) x 10,000 = $100,000,000

It is entirely in Tesla's interest to not lose any sales. Even if this means giving the wheel upgrade and Tow upgrade for free in March - which would mean price falls back under 55k and that particular vehicle gets sold on the spot.

ALL the vehicles with wheels and Tow (and some color options as well) will be given for 54990 before the $7500 credits expire.

The name of the game is Sell, Sell, Sell
Jan 25, 2023 4:19 PM
1K Comments
Joined Mar 2019
CycloneFWJan 25, 2023 4:19 PM
1K Comments
Quote from Mikey122687 :
Do you need to open an account for checking?
No, but autopay is needed for the best rate at Tower. That autopay can be from the savings or maybe even another bank. They haven't listed that level of detail yet in the docs, but do list that autopay reduction of 0.25% is included in the quoted rate.

In the loan app, they do have you pick if autopay will be from checking, savings, external, or not at all.
Last edited by CycloneFW January 25, 2023 at 08:21 AM.
Jan 25, 2023 4:37 PM
155 Comments
Joined Sep 2020
THEOHIOSTATEJan 25, 2023 4:37 PM
155 Comments
Quote from IMAFriend :
RuntoHell said the Model 3 got the price increase. You are referring to Model Y.
Model 3 LR did not get a price increase. It's still $49,990.
Jan 25, 2023 4:41 PM
155 Comments
Joined Sep 2020
THEOHIOSTATEJan 25, 2023 4:41 PM
155 Comments
Quote from lavangbay :
Hi

Does anyone know if this is a good electrical wire to run for the Tesla Mobile Charger?

https://www.ebay.com/itm/19203549...R47UmfS8YQ

Thanks
LVB
Yes that's fine. Just get a high quality 14-50 Nema outlet from Hubbell or cooper.
Jan 25, 2023 4:49 PM
114 Comments
Joined Nov 2012
smksinger123Jan 25, 2023 4:49 PM
114 Comments
Quote from niteboyzzz :
Tesla would get loads of cancellations if the cars not delivered in time for these restrictions.
I think $250, non refundable deposit makes the order a binding agreement and maybe eligible for tax credit.
Jan 25, 2023 4:55 PM
23 Comments
Joined May 2013
UseridnameJan 25, 2023 4:55 PM
23 Comments
Quote from smksinger123 :
I think $250, non refundable deposit makes the order a binding agreement and maybe eligible for tax credit.
yeah hate loosing that 250 if thr tax rebate does not kick in.. good point and hope u r correct
Jan 25, 2023 5:06 PM
1.1K Comments
Joined Sep 2009
pwrdbykimchiJan 25, 2023 5:06 PM
1.1K Comments
Quote from smksinger123 :
I think $250, non refundable deposit makes the order a binding agreement and maybe eligible for tax credit.
Unfortunately, the IRS bases this date on when the vehicle was placed in service. Essentially, when you accept delivery of the vehicle. So let's say I placed an order on January 14. The IRS releases the nuts and bolts behind the battery manufacturing requirements on March 17 then I accept delivery of the vehicle on March 18. I'm technically disqualified from the federal tax credit if the Tesla vehicle I purchased doesn't meet the requirements.
Last edited by pwrdbykimchi January 25, 2023 at 09:06 AM.

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Jan 25, 2023 5:08 PM
290 Comments
Joined May 2006
2NeolinuxJan 25, 2023 5:08 PM
290 Comments
Quote from niteboyzzz :
Tesla would get loads of cancellations if the cars not delivered in time for these restrictions.
Manchin would prefer autos running on Coal to support his family business
3
Jan 25, 2023 5:11 PM
290 Comments
Joined May 2006
2NeolinuxJan 25, 2023 5:11 PM
290 Comments
Quote from VLAN101 :
$250 x 10,000 = $2,500,000 of free money for Tesla. Peace
Knowing Tesla, they will throw in some combination of EAP, FSD, Supercharger miles to compensate for loosing $7500
Jan 25, 2023 5:43 PM
501 Comments
Joined Feb 2012
Mikey122687Jan 25, 2023 5:43 PM
501 Comments
Quote from CycloneFW :
No, but autopay is needed for the best rate at Tower. That autopay can be from the savings or maybe even another bank. They haven't listed that level of detail yet in the docs, but do list that autopay reduction of 0.25% is included in the quoted rate.

In the loan app, they do have you pick if autopay will be from checking, savings, external, or not at all.
Ok, I selected auto pay from another bank.

Hopefully it should be fine
Jan 25, 2023 5:43 PM
2.5K Comments
Joined Aug 2007
sleekwalletJan 25, 2023 5:43 PM
2.5K Comments
Quote from 2Neolinux :
Knowing Tesla, they will throw in some combination of EAP, FSD, Supercharger miles to compensate for loosing $7500
FSD for 7.5K makes sense, I mean for them
Jan 25, 2023 5:48 PM
1.4K Comments
Joined Oct 2017
techie_reviewJan 25, 2023 5:48 PM
1.4K Comments
They just increase the price $500 overnight ahahha for the MY Long range


Did anyone else get their VIN ... order placed on January 17th ... did all the processes on the Tesla App ...

Location: ATL, GA
1
Jan 25, 2023 6:07 PM
88 Comments
Joined Jan 2018
Anasazi318798Jan 25, 2023 6:07 PM
88 Comments
Quote from techie_review :
They just increase the price $500 overnight ahahha for the MY Long range


Did anyone else get their VIN ... order placed on January 17th ... did all the processes on the Tesla App ...

Location: ATL, GA
I'm ATL GA too. Ordered on the 14th, no vin yet.
Jan 25, 2023 6:09 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 25, 2023 6:09 PM
3.7K Comments
Quote from rpg78 :
https://www.washingtonpost.com/po...ope-wrath/

https://thehill.com/policy/energy...tions/amp/

"In late December, Treasury said it would delay the rollout of these strict new requirements until March. But under Manchin's bill, the requirements would retroactively take effect on Jan. 1."

I don't know what Manchin's problem is but he is pushing hard for ev tax credit to go away asap specially the $3750 related to battery requirement. No company can meet those requirements.
Manchin plays to the coal belt, he's an a-hole with this redic convoluted ev credit.
3

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Jan 25, 2023 6:22 PM
57 Comments
Joined May 2014
bilalhashmiJan 25, 2023 6:22 PM
57 Comments
Does Tower Cares foundation has any annual fee? We pay one time donation and become a member? Or do we have to keep paying for membership every year?

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