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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 29, 2023 5:52 PM
40 Comments
Joined Jul 2020
IMAFriendJan 29, 2023 5:52 PM
40 Comments
Quote from dhishi :
Can someone tell me why would you buy a Tesla Model Y vs Mercedes SQB which all for the same price & both qualify for the $7.5K rebate
For me the closest Tesla Service Center is 1.5 hr drive vs Mercedes - 2 dealership within 20min driving distance,

FYI - The Mercedes SQB is the EV version of the popular GLB model.
I'm guessing you mean the Mercedes EQB, not SQB. Reasonably priced, but it's slower, less range, and in my opinion, terribly ugly. The EQS looks pretty nice, but it's up to 100k.
Jan 29, 2023 5:52 PM
108 Comments
Joined Dec 2015
Ganga1985Jan 29, 2023 5:52 PM
108 Comments
Quote from dhishi :
Can someone tell me why would you buy a Tesla Model Y vs Mercedes SQB which all for the same price & both qualify for the $7.5K rebate
For me the closest Tesla Service Center is 1.5 hr drive vs Mercedes - 2 dealership within 20min driving distance,

FYI - The Mercedes SQB is the EV version of the popular GLB model.
hands free access, keyless go, wireless charging, panorama roof are on premium builds - costs +4K. website says not all features are available because of chip shortage

also the merc ev system needs to mature..

range makes a huge difference, also the supercharging network
Jan 29, 2023 5:53 PM
1.2K Comments
Joined Jan 2007
tooloud10Jan 29, 2023 5:53 PM
1.2K Comments
Quote from JellyBellyMD :
SQB 243 mi range.......7.0 sec acceleration......
*EQB

The Mercedes is for people that don't really want an EV. I've been cross shopping a lot of these cars and the Tesla is about the only EV I might be willing to deal with on a long trip in cold temps in semi-rural areas. The rest are just flat out not ready for primetime.
Jan 29, 2023 5:58 PM
108 Comments
Joined Dec 2015
Ganga1985Jan 29, 2023 5:58 PM
108 Comments
Quote from bellosrt :
Add 20,000 in 7 years to replace batteries. Expect range to be half when it is cold outside.
my friend's 2016 Model S didn't see any degradation either
Jan 29, 2023 6:00 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 29, 2023 6:00 PM
771 Comments
Quote from turns2stone :
That's why we have both chocolate and vanilla ice cream.

I personally don't think Tesla will drop prices any further. Once they get right below the IRA tax threshold, there appears to be solid demand. So no need to go down further.
Maryland will be offering a $3k incentive on EVs under $50K starting in Jul. Interesting to see how prices are effected over the next 6 months. The year got off to a good start.
Jan 29, 2023 6:18 PM
1K Comments
Joined Mar 2019
CycloneFWJan 29, 2023 6:18 PM
1K Comments
Quote from Teck0427 :
It's a-20% reduction bro, why exaggerate?
He's probably one of those folks who always drive 90 mph. That will indeed drop fuel efficiency in any car.
Jan 29, 2023 6:21 PM
4.7K Comments
Joined Oct 2008
gpisterJan 29, 2023 6:21 PM
4.7K Comments
Quick question if you were to buy a model would it be last years taxes 2021 or be 2022?

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Jan 29, 2023 6:30 PM
1.3K Comments
Joined Dec 2015

This comment has been rated as unhelpful by Slickdeals users.

Jan 29, 2023 6:33 PM
630 Comments
Joined Sep 2005
thecrlghJan 29, 2023 6:33 PM
630 Comments
Quote from Travis64 :
Picking a performance up the 4th and its going to be 7deg is that going to be safe to drive 200 miles in on summer tires
I wouldn't, but that's up to you. The summer tires will be hard as a rock.
Jan 29, 2023 6:36 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 29, 2023 6:36 PM
4.4K Comments
Quote from JellyBellyMD :
Maryland will be offering a $3k incentive on EVs under $50K starting in Jul. Interesting to see how prices are effected over the next 6 months. The year got off to a good start.
I can't imagine Tesla dropping US prices across the board, to meet incentive requirements for 1 or 2 states. Especially since the M3 LR would already qualify. Possibly the AWD will too?
Jan 29, 2023 6:38 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 29, 2023 6:38 PM
4.4K Comments
e
Quote from FishKilla :
Why the mods allow you to post this blatant lie over and over and over again is sort of telling.

Actually it is at least 2 lies, I won't include your lie about the Civic.

There is NO Tesla that is $37K period! You cannot count rebates that not everyone qualifies for and the whole IRA is in flex. And Corollas are NOT $36K

The cheapest stripped Model 3 available now is $45,630 +TTL

The cheapest stripped Corolla is $22,645 +TTL

So the Tesla is DOUBLE the price. Let me explain that for the simpletons...

You can but 2 Corollas for the price of 1 Model 3. OK?

So stop lying and mods, do your job and delete these blatant lies. Unless you like them and support them.
Yeah, but no one wants a Corolla. Much less two of them laugh out loud
2
Jan 29, 2023 6:40 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 29, 2023 6:40 PM
771 Comments
Quote from turns2stone :
I can't imagine Tesla dropping US prices across the board, to meet incentive requirements for 1 or 2 states. Especially since the M3 LR would already qualify. Possibly the AWD will too?
Once this batch of buyers is satisfied, how will they reach the next lower level? Maybe that is why CT has been so long coming?
Jan 29, 2023 7:05 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 29, 2023 7:05 PM
4.4K Comments
Quote from JellyBellyMD :
Once this batch of buyers is satisfied, how will they reach the next lower level? Maybe that is why CT has been so long coming?
The 'next batch of buyers' at a lower price point ($20K-$40K) will have plenty of used Teslas to choose from.
Jan 29, 2023 7:06 PM
360 Comments
Joined Aug 2005
nexkodiJan 29, 2023 7:06 PM
360 Comments
Quote from Ganga1985 :
keep an eye on accelerated delivery options
All accelerated delivery vehicles are more than 55K. Would it adjust the price to the price I ordered if I pick a vehicle?

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Jan 29, 2023 7:08 PM
1.1K Comments
Joined Sep 2009
pwrdbykimchiJan 29, 2023 7:08 PM
1.1K Comments
Quote from gpister :
Quick question if you were to buy a model would it be last years taxes 2021 or be 2022?
According to the IRS: "You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit."

The IRA applies to all qualified BEV and FCV cars purchased from 2023 and 2032.

So if you take delivery of your car today, when you file your taxes in 2024, you can use your AGI from either 2022 or 2023.

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