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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 26, 2023 5:39 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 26, 2023 5:39 PM
405 Comments
Quote from sm1907 :
Do I cancel my tesla if the delivery is after March 1st? I want to 7500 credit?
Wait till march you will lose 250 anyway so why you want to rush.. Just wait and watch what happens.. You will lose 250 today or in march also if deal didnt happen or they reduced the rebates
Last edited by MaroonCircle6262 January 26, 2023 at 09:41 AM.
Jan 26, 2023 5:46 PM
2.6K Comments
Joined Jan 2013
tonkotsuJan 26, 2023 5:46 PM
2.6K Comments
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
yea but how will you drive both corollas at the same time? ConfusedConfusedConfused
2
Jan 26, 2023 5:51 PM
317 Comments
Joined Sep 2007
OstrykerJan 26, 2023 5:51 PM
317 Comments
Quote from Travis64 :
I am waiting on tower for my loan dont think it will be done in time.
How long does it take to get the loan from tesla?
I was quoted 24 to 48 hours by Tesla support. I got my actual approval within 24 hours. Thanks.
Jan 26, 2023 5:54 PM
317 Comments
Joined Sep 2007
OstrykerJan 26, 2023 5:54 PM
317 Comments
Quote from hondaman82 :
Hello, does Tesla accept credit cards as down payment? I plan to charge on 2 cards for $4000 each plus the rest from bank debit , thanks!
They do not. I set up an ACH transfer in their Plaid service.
Jan 26, 2023 5:58 PM
485 Comments
Joined Sep 2013
jakuzhiJan 26, 2023 5:58 PM
485 Comments
Quote from Ostryker :
They do not. I set up an ACH transfer in their Plaid service.
Are you able to delete the account information after making the purchase? I don't want it to remain there.
Jan 26, 2023 6:03 PM
835 Comments
Joined Oct 2011
markng25Jan 26, 2023 6:03 PM
835 Comments
Quote from tonkotsu :
yea but how will you drive both corollas at the same time? ConfusedConfusedConfused
Ha ha. You don't. You use the money saved from buying the second vehicle to do something more meaningful.
Jan 26, 2023 6:03 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 26, 2023 6:03 PM
405 Comments
Quote from jakuzhi :
Are you able to delete the account information after making the purchase? I don't want it to remain there.
With plaid its safe it wont be there.. Also if you have 2 factor authentication with your banks its sends a code .. you can turn that on to be in safe side.

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Jan 26, 2023 6:03 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 26, 2023 6:03 PM
565 Comments
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
Or 3 2018 Corollas, or 4 2012 Corollas... or 500 bikes from Walmart. All equally useless comparisons.
Jan 26, 2023 6:06 PM
1.3K Comments
Joined Jan 2008
mankuJan 26, 2023 6:06 PM
1.3K Comments
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
Whoever said anything about a Tesla? The article you posted was about EVs vs ICE...aside from a picture of a Tesla charger, Tesla is NOT EVEN MENTIONED in the article.

And I drive a Bolt. Which can now be bought for $26000. I won't even bring up the $7500 fed tax incentive.

And no one, at least not on the Westside of LA, is cross shopping a Tesla and Corolla Hybrid. Maybe they'll pick up one for their housekeeper, though.

Jan 26, 2023 6:16 PM
55 Comments
Joined Nov 2008
Mr0ffic3rJan 26, 2023 6:16 PM
55 Comments
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
Are you really comparing a Corolla to a Model 3?



As of 1/26/2023, in the USA....

Avg Gas Price = $3.50/gal (Regular)

(https://gasprices.aaa.com/)

Avg Residential kwh = $0.1564 (https://www.eia.gov/electricity/m...epmt_5_6_a)

Avg MPG for Cars = 24
(https://afdc.energy.gov/data/10310)

Avg MPGe for EV = 0.35kWh/mi
(https://news.energysage.com/how-m...ty%20daily)


So, let's look at their math from the article.

"However, a recent report from the Anderson Economic Group (AEG) found that fueling costs from mid-priced ICE-powered vehicles are lower than similarly priced electric vehicles. Combustion drivers pay about $11.29 per 100 miles on the road. EV drivers who charge up at home spend about $11.60 per 100 miles. "

ICE
  • 100 miles costs $11.29 they claim.
  • The Average Car (at 24 mpg) will use 4.17 gallons to go 100 miles.
  • 4.17 x $3.50 = $14.60.
  • Let's pretend the car gets DOUBLE the average MPG, so 48mpg.
  • So it will use 2.1 gallons, at a cost of about $7.30
Their calculations show their test vehicle gets about 31mpg at current gas prices to get $11.29 - OK, Believable.

EV
  • 100 miles costs $11.60 they claim.
  • The average EV at 0.35kWh/mi would burn 35kWh going 100 miles.
  • At the average price of $0.1564 that would be $5.48
The average consumption of the non-performance 3 and Y is well less than .35kWh/mi so this figure will only improve. Bolt, I3, also more efficient than that. Maybe ID4, the new BMW EVs, or F150 Lightning worse?

In order to get thier claim of $11.60 for 100 miles in an EV, your cost would have to be $0.33/KwH for 35 kWh.

With a very lead foot and constant supercharging, yup - you'll get there. But the whole point of EVs is that you can charge at home, for a lot cheaper (for 99%+ of the population)

TLDR; Horseshit Article with very little real information.
Last edited by Mr0ffic3r January 26, 2023 at 10:18 AM.
Jan 26, 2023 6:22 PM
835 Comments
Joined Oct 2011
markng25Jan 26, 2023 6:22 PM
835 Comments
Quote from techie_review :
you are looking at the performance, the MYLR is 53,490 and performance Y is 56,990


or you might have added extras ... do a custom order and you should see the MYLR for 53490 with no upgrades
Did the base MY increase from $52,290 (in the title of this thread) to $53,490?
Jan 26, 2023 6:34 PM
1.4K Comments
Joined Oct 2017
techie_reviewJan 26, 2023 6:34 PM
1.4K Comments
Quote from markng25 :
Did the base MY increase from $52,290 (in the title of this thread) to $53,490?
yes they increased the price $500 a few days ago i think 3/4 days ago if im not mistaken... its not longer 52,290 like in OP's thread.

similar to the tesla wall connector they increased the price from $350 when i ordered it on 01/17 to $425 now
Jan 26, 2023 6:37 PM
3 Comments
Joined Nov 2018
TealCabbage907Jan 26, 2023 6:37 PM
3 Comments
Got my VIN today , Atl GA
Jan 26, 2023 6:41 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 26, 2023 6:41 PM
4.4K Comments
Quote from markng25 :
Did the base MY increase from $52,290 (in the title of this thread) to $53,490?
Yes.
.

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Jan 26, 2023 6:41 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 26, 2023 6:41 PM
3.1K Comments
I have my insurance agent checking other companies. Currently I'm with progressive and I pay $254/6mo for $500ded 300k/300k. When she added the MYLR my rate went to $715/6mo lol. Near 3 fold increase…

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