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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 27, 2023 3:28 AM
29 Comments
Joined Mar 2019
Fall3flakeJan 27, 2023 3:28 AM
29 Comments
Quote from Mawsu :
you live in west coast (to get freemont stock) !? congrats
Thanks. East Coast. From what I have read, if you opt for the white interior then it's from Fremont.
Jan 27, 2023 3:40 AM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 27, 2023 3:40 AM
3.5K Comments
Quote from TheKingofDeals :
Ahhhh! Ok so the "Account no" is the reservation number from Tesla and not my loan # on Tower?
Wish they would have worded it correctly, confused me. Thanks for the feedback!
I just got my POA doc in my Tower account. The account # field blank so I will go with your recommendation, thanks again! LMAO
Jan 27, 2023 3:42 AM
429 Comments
Joined Aug 2018
MawsuJan 27, 2023 3:42 AM
429 Comments
Quote from Fall3flake :
Thanks. East Coast. From what I have read, if you opt for the white interior then it's from Fremont.
Freemont means matrix led likely, so good choice
Jan 27, 2023 3:43 AM
8 Comments
Joined Mar 2019
M0707Jan 27, 2023 3:43 AM
8 Comments
Anyone got VIN assigned for 01/13 MYLR Red and Black interior ?
Jan 27, 2023 3:45 AM
12.2K Comments
Joined May 2007
superslickzJan 27, 2023 3:45 AM
12.2K Comments
Quote from Fall3flake :
Thanks. East Coast. From what I have read, if you opt for the white interior then it's from Fremont.
Quote from Mawsu :
Freemont means matrix led likely, so good choice
What are the advantages of getting a car from Fremont?

My brother lives in texas but he did order a car with white interior. So will he likely get a Fremont car?
Jan 27, 2023 3:45 AM
52 Comments
Joined Aug 2008
madhura21Jan 27, 2023 3:45 AM
52 Comments
Quote from blackduck08 :
What's up with Tower? I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Anyone else concerned that power of attorney is needed for the auto loan?
Penfed or dcu never asked for such documents. Is there any template or sample document for "specific power of attorney".. Thanks
Jan 27, 2023 3:55 AM
12.2K Comments
Joined May 2007
superslickzJan 27, 2023 3:55 AM
12.2K Comments
Quote from kingzq :
The matrix light can be identified from the bottom inside the light assembly. Matrix light has black bottom, ours is silver, which is the regular version. Radar sensor can be identified by little circle dots around the bumper, ours has none (not to confuse with the large circle opening for towing). The Ryzen chip can be identified from the car info from the console screen, it has information about the car software and hardware specs.
Has any model Y got radar yet?

What's the advantage of the matrix light and Ryzen chip?


If the car do not have these features when picking it up, can you turn the car down and remain on the list for the next available car?

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Jan 27, 2023 3:56 AM
8 Comments
Joined Jun 2013
rpg78Jan 27, 2023 3:56 AM
8 Comments
Reddit thread just dedicated to delivery timeline https://www.reddit.com/r/TeslaMod...ry_thread/
Jan 27, 2023 4:00 AM
2.8K Comments
Joined Nov 2005
dvrrajeshJan 27, 2023 4:00 AM
2.8K Comments
Quote from KingCoop :
Right now, a while. My loan application is approved and pending membership approval. I applied for membership on the same day at the same time but it's currently taking over a week if that gives you any indication. Status still simply shows "Referred".
I got the car ready for pickup 2 weeks back and I scheduled for pick up in 5 days hoping to get loan approved from towerfcu in my daughter's name and she got it approved in 4 days but they wouldnt send me check without having an account with them. I had to pay cash and pick up the car. They said I can still get the check from towerfcu as far as I get all documentation done in 90 days. I applied for membership by paying $35 to charity. I will contact them one my acct is created and hoping they would send me check. The APR approved was 2.99
Jan 27, 2023 4:04 AM
29 Comments
Joined Mar 2019
Fall3flakeJan 27, 2023 4:04 AM
29 Comments
Quote from Mawsu :
Freemont means matrix led likely, so good choice
To be honest, I rather go with TX as I hear they have better quality. Those lights don't make too big of a difference to me.
Jan 27, 2023 4:12 AM
21 Comments
Joined Mar 2015
modabumJan 27, 2023 4:12 AM
21 Comments
Quote from Fall3flake :
1/13, just got the VIN today! MYLR, white/white, Fremont. 2/6 pickup. So excited and nervous at the same time. Really hope there won't be any glaring issues that force me to turn it down.
Congrats! Approx what time did you order on 1/13? I ordered 1/13 ~2200 ET (MYLR white exterior / black interior, complete base model) but still no VIN. Estimate delivery 1/26-2/23.
Jan 27, 2023 4:16 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Jan 27, 2023 4:16 AM
1.8K Comments
Quote from VishalV9046 :
I file my taxes jointly with my spouse. If the model y title has just my name, will we still get the credit of $7500?
Yes, just make sure you don't make over $300k combined.
Jan 27, 2023 4:19 AM
29 Comments
Joined Mar 2019
Fall3flakeJan 27, 2023 4:19 AM
29 Comments
Quote from superslickz :
What are the advantages of getting a car from Fremont?

My brother lives in texas but he did order a car with white interior. So will he likely get a Fremont car?
Yes, people say if it's white interior then it will be from Fremont. And for me at least they were right. The main benefit Fremont offers seems to be the Matrix lights.
Jan 27, 2023 4:22 AM
29 Comments
Joined Mar 2019
Fall3flakeJan 27, 2023 4:22 AM
29 Comments
Quote from modabum :
Congrats! Approx what time did you order on 1/13? I ordered 1/13 ~2200 ET (MYLR white exterior / black interior, complete base model) but still no VIN. Estimate delivery 1/26-2/23.
Thanks. I placed my order a bit before 1pm ET 1/13. The initial estimated delivery time provided was 2/4-3/4.

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Jan 27, 2023 4:28 AM
2 Comments
Joined Feb 2022
LovelyName794Jan 27, 2023 4:28 AM
2 Comments
Quote from blackduck08 :
What's up with Tower? I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Anyone else concerned that power of attorney is needed for the auto loan?
Because you live in a different State. Standard operation.
1

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