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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 31, 2023 10:10 PM
1K Comments
Joined Mar 2019
CycloneFWJan 31, 2023 10:10 PM
1K Comments
Quote from foxblur :
I just re-searched this some. I'll ask them next Wednesday when I take receipt. Here is a link directly to what he's talking about.
https://www.irs.gov/newsroom/topi...-credit#q7
Do note for the seller reporting to IRS stuff, they have until Jan 15th next year for 2023's purchases. But I can only imagine the nightmare when taxpayer IDs (i.e. SSN) need to be collected to share with the IRS.
Jan 31, 2023 10:25 PM
1.7K Comments
Joined Mar 2004
BobloadmireJan 31, 2023 10:25 PM
1.7K Comments
Quote from mintblue3411 :
Battery are also much more toxic to environment and much harder to recycle, I don't get how driving an ev is green and government gives out those stupid green rebate.
That's because you don't understand recycling and lifecycle emissions. you can reclaim 90-95% lithium batteries, i'm working on a recycling center right now.
Jan 31, 2023 10:34 PM
526 Comments
Joined Mar 2019
ggaproprosJan 31, 2023 10:34 PM
526 Comments
Quote from mintblue3411 :
Battery are also much more toxic to environment and much harder to recycle, I don't get how driving an ev is green and government gives out those stupid green rebate. It is producing more co2 during production and recycling of batteries and electricity generation compared with gas car lifetime
Hello Mr Expert on recycling

Can you explain to me what an anode is? and can you explain to me whether lithium is used as a cathode or anode?
2
Jan 31, 2023 10:47 PM
1.7K Comments
Joined Mar 2006
ilikeallofuJan 31, 2023 10:47 PM
1.7K Comments
Quote from caymera :
Can anyone who took delivery confirm if Tesla took your information to report to IRS?

The sale qualifies only if:

You buy the vehicle new
The seller reports required information to you at the time of sale and to the IRS.
Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
No, they didn't take anything… u sign few papers and hand them the check… then u setup ur key card and off u go with ur new vehicle.
Jan 31, 2023 10:48 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 31, 2023 10:48 PM
3.5K Comments
Quote from dealer89 :
Did you upload the insurance information with Tesla VIN before scheduling the delivery?
No I upload my insurance card that has all my info but another registered car's VIN on there. I won't add the Tesla until closer to the delivery date and let my agent know when to add it.
Jan 31, 2023 10:54 PM
2.1K Comments
Joined Sep 2022
norcal007Jan 31, 2023 10:54 PM
2.1K Comments
Quote from foxblur :
As much as I like Dave and his advice, some of us have the income to make that payment many times over. And while you can save and invest in all the areas of the world, you can't take it with you. A Tesla isn't a must have A to B vehicle. If that's your spot in life then a Corolla might be your solution.
Except those that can really afford it do not take out a loan. Reading some of the posts here leads me to believe there are quite a few who are stretched thin and buying an expensive car, ev or gas burner.. I read people here living in apartments and buying. I'm at that semi retired age where expensive cars hold little interest to me. The feel of not carrying debt is pretty awesome. Now boats are a different story and a whole lot more fun. Ha.
1
Jan 31, 2023 11:13 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 31, 2023 11:13 PM
3.1K Comments
Quote from norcal007 :
Except those that can really afford it do not take out a loan. Reading some of the posts here leads me to believe there are quite a few who are stretched thin and buying an expensive car, ev or gas burner.. I read people here living in apartments and buying. I'm at that semi retired age where expensive cars hold little interest to me. The feel of not carrying debt is pretty awesome. Now boats are a different story and a whole lot more fun. Ha.
You prefer water toys. I prefer land toys. What you hopefully understand is you carry a 3% loan when I bonds and other investments are returning 6.89%.

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Jan 31, 2023 11:26 PM
526 Comments
Joined Mar 2019
ggaproprosJan 31, 2023 11:26 PM
526 Comments
Quote from norcal007 :
Except those that can really afford it do not take out a loan. Reading some of the posts here leads me to believe there are quite a few who are stretched thin and buying an expensive car, ev or gas burner.. I read people here living in apartments and buying. I'm at that semi retired age where expensive cars hold little interest to me. The feel of not carrying debt is pretty awesome. Now boats are a different story and a whole lot more fun. Ha.
Ive paid off lots of cars, being debt free doesnt mean you are expense free, just ask anyone who has to pay for $1000 spark plug job at 100k... or a timing belt... or head gaskets... or so on. Also if you have a set commute and OPEC decides to raise prices how do you avoid that expense? do you just keep gasoline on your property in a huge 500 gallon tank and weather gas crises?

I do not like to expose myself to external risks, of which gasoline + internal combustion engines are fraught with.

EV + powerwall + solar = insulated from external risks.
Last edited by ggapropros January 31, 2023 at 03:31 PM.
Jan 31, 2023 11:33 PM
304 Comments
Joined Dec 2016
anhdongtxJan 31, 2023 11:33 PM
304 Comments
Quote from caymera :
Can anyone who took delivery confirm if Tesla took your information to report to IRS?

The sale qualifies only if:

You buy the vehicle new
The seller reports required information to you at the time of sale and to the IRS.
Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
No they don't

I asked and they said no.
Jan 31, 2023 11:37 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 31, 2023 11:37 PM
3.1K Comments
Quote from anhdongtx :
No they don't

I asked and they said no.
We'll RIP $7500. It's spelled out specifically they are required. I'm still going to ask them about it next Wednesday and then I'll go all let me speak to your managERRR
1
Jan 31, 2023 11:47 PM
2.1K Comments
Joined Sep 2022
norcal007Jan 31, 2023 11:47 PM
2.1K Comments
Quote from ggapropros :
Solar and EV shield you from opec and utility companies. If you think you will not see rising prices in the next 30 years then you're going to be in for a rude awakening.
Solar in CA took a nosedive with the PUC reducing the payback for excess power sold to the power grid operator. They cut it back 75% and want people to spend $20,000 for battery storage. https://www.cnbc.com/2022/12/15/c...wners.html
Jan 31, 2023 11:49 PM
1K Comments
Joined Mar 2019
CycloneFWJan 31, 2023 11:49 PM
1K Comments
Quote from foxblur :
We'll RIP $7500. It's spelled out specifically they are required. I'm still going to ask them about it next Wednesday and then I'll go all let me speak to your managERRR
Not saying you shouldn't so raise your concern, but you are likely to encounter "there's nothing I can do" and being asked to either accept delivery and move on, or decline delivery and leave without the car.

As the thread shows, your car will show up in inventory for someone else who will swoop it up in no time.

That's one thing I really dislike about Tesla. Their employees are not empowered to do much of anything, so you get plenty who just can't help you.

I hope I'm wrong and the manager indeed finds some process to help with this next Wednesday.
Jan 31, 2023 11:52 PM
526 Comments
Joined Mar 2019
ggaproprosJan 31, 2023 11:52 PM
526 Comments
Quote from norcal007 :
Solar in CA took a nosedive with the PUC reducing the payback for excess power sold to the power grid operator. They cut it back 75% and want people to spend $20,000 for battery storage. https://www.cnbc.com/2022/12/15/c...wners.html [cnbc.com]
hence me saying powerwall, i dont know why anyone wouldnt have a power wall with solar, its so cheap, and tesla worked something out where it sells back for a lot actually.. pretty sure theres even ecoflow for like $4000 that have some type of rebate and are pretty much plug and play.
Jan 31, 2023 11:52 PM
1.7K Comments
Joined Mar 2004
BobloadmireJan 31, 2023 11:52 PM
1.7K Comments
Quote from norcal007 :
Except those that can really afford it do not take out a loan. Reading some of the posts here leads me to believe there are quite a few who are stretched thin and buying an expensive car, ev or gas burner.. I read people here living in apartments and buying. I'm at that semi retired age where expensive cars hold little interest to me. The feel of not carrying debt is pretty awesome. Now boats are a different story and a whole lot more fun. Ha.
I can buy this car cash 10x over but I took a loan since i'd rather DCA my investments since interest is at 4%, and the market has already lost a ton of value
1

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Jan 31, 2023 11:53 PM
509 Comments
Joined May 2018
vndragonslayerJan 31, 2023 11:53 PM
509 Comments
Quote from norcal007 :
Solar in CA took a nosedive with the PUC reducing the payback for excess power sold to the power grid operator. They cut it back 75% and want people to spend $20,000 for battery storage. https://www.cnbc.com/2022/12/15/c...wners.html [cnbc.com]

its okay.. you're still driving a 36k civic and still paying for gas.. i paid $30k for ev and don't pay for charging.. n didn't have to spend 10 hours inside a dealership
1
1

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