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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 11:54 PM
526 Comments
Joined Mar 2019
ggaproprosJan 31, 2023 11:54 PM
526 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
You stated they have 12 months to collect it, they are worried about selling cars, why would they spend a single minute of brain power trying to collect information that can be collected when there ISNT a limited fed tax credit????? Tesla knows how to prioritize, thats how they make more EVs than VW+Ford+GM+Toyota+Honda+Kia+Hyundai combined. Dont question the process.
Jan 31, 2023 11:54 PM
1.7K Comments
Joined Mar 2004
BobloadmireJan 31, 2023 11:54 PM
1.7K Comments
Quote from foxblur :
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%.
we're not talking to someone who understands time value of money.
1
Jan 31, 2023 11:57 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 31, 2023 11:57 PM
3.1K Comments
Quote from CycloneFW :
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.
Ya I already got it that they have no autonomy and there is no discussion. I tried to get them to match driveway.com concerning my trade-in, and they were like we don't match, you either accept or reject.
Feb 1, 2023 12:00 AM
18 Comments
Joined Feb 2020
hoosieraryFeb 1, 2023 12:00 AM
18 Comments
FWIW, here is my experience. Ordered my M3P on 1/14, received delivery date notification of 1/27-2/7 on 1/16. Summited loan app with Tower on 1/18, and received approval on 1/21 for [email protected]. Was originally going to pay cash but decided to float the money in a CD as the financing rate was quite favorable.
Applied for Tower membership on 1/24. Deliver date change to 2/7-2/21 on 1/26. Started getting a little worried about taking delivery before end of February so began hitting the stock inventory on a daily basis to see if anything popped up. Ultimately found a MYL in stock on 1/29 and made the change not knowing the status of the M3P.
Set delivery date on MYL for 2/3 and started getting nervous on Tower coming through on the financing (really wanted to secured that rate). Did a ton of leg work today to get the Tower membership account finalized with them, and then following up multiple times with the loan processor to schedule the loan funding. If I had not done that then it probably would have been another month before the loan was finalized based upon my conversations with Tower and the amount of backlog that they have.
So, excited to take delivery on Friday and looks like everything is in order. Before I even jumped in I took my neighbors M3 out for the day and fell in love.
Feb 1, 2023 12:00 AM
2.6K Comments
Joined Jan 2013
tonkotsuFeb 1, 2023 12:00 AM
2.6K 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're semi retired and your thing is to mindlessly argue with people on the internet?

What a waste of life
2
Feb 1, 2023 12:23 AM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Feb 1, 2023 12:23 AM
3.7K Comments
Quote from ggapropros :
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.
I don't have Pw, it's a redic cost for the limited capacity. Ford Lightning is ~10 Pw equivalent & can drive. Of course CPUC just NEM'd me out of a few hundred in latest true up, that's new. Prior year got paid a few hundred for over generation (MCE). This state just loves taxing us to death, in every conceivable way. Nice weather tho, lol
Last edited by Anonymous January 31, 2023 at 04:25 PM.
2
Feb 1, 2023 12:44 AM
255 Comments
Joined Mar 2005
bradmanFeb 1, 2023 12:44 AM
255 Comments
Quote from hoosierary :
FWIW, here is my experience. Ordered my M3P on 1/14, received delivery date notification of 1/27-2/7 on 1/16. Summited loan app with Tower on 1/18, and received approval on 1/21 for [email protected]. Was originally going to pay cash but decided to float the money in a CD as the financing rate was quite favorable.
Applied for Tower membership on 1/24. Deliver date change to 2/7-2/21 on 1/26. Started getting a little worried about taking delivery before end of February so began hitting the stock inventory on a daily basis to see if anything popped up. Ultimately found a MYL in stock on 1/29 and made the change not knowing the status of the M3P.
Set delivery date on MYL for 2/3 and started getting nervous on Tower coming through on the financing (really wanted to secured that rate). Did a ton of leg work today to get the Tower membership account finalized with them, and then following up multiple times with the loan processor to schedule the loan funding. If I had not done that then it probably would have been another month before the loan was finalized based upon my conversations with Tower and the amount of backlog that they have.
So, excited to take delivery on Friday and looks like everything is in order. Before I even jumped in I took my neighbors M3 out for the day and fell in love.
Please let us know your experience with the delivery process. Congrats and good luck.

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Feb 1, 2023 12:45 AM
24 Comments
Joined Nov 2012
ClaytonYFeb 1, 2023 12:45 AM
24 Comments
Long time lurker. I was able to apply through Tower, thank you guys for all the advice.
Just curious, after approval, they said they would send a check to the address on the PO.
I would obviously need Tesla to receive the check before my day of pick up right? Will the rep at Tesla have a way to check that?

Thanks
Feb 1, 2023 12:52 AM
3.1K Comments
Joined Jul 2011
euuser1398928Feb 1, 2023 12:52 AM
3.1K Comments
Quote from hoosierary :
FWIW, here is my experience. Ordered my M3P on 1/14, received delivery date notification of 1/27-2/7 on 1/16. Summited loan app with Tower on 1/18, and received approval on 1/21 for [email protected]. Was originally going to pay cash but decided to float the money in a CD as the financing rate was quite favorable.
Applied for Tower membership on 1/24. Deliver date change to 2/7-2/21 on 1/26. Started getting a little worried about taking delivery before end of February so began hitting the stock inventory on a daily basis to see if anything popped up. Ultimately found a MYL in stock on 1/29 and made the change not knowing the status of the M3P.
Set delivery date on MYL for 2/3 and started getting nervous on Tower coming through on the financing (really wanted to secured that rate). Did a ton of leg work today to get the Tower membership account finalized with them, and then following up multiple times with the loan processor to schedule the loan funding. If I had not done that then it probably would have been another month before the loan was finalized based upon my conversations with Tower and the amount of backlog that they have.
So, excited to take delivery on Friday and looks like everything is in order. Before I even jumped in I took my neighbors M3 out for the day and fell in love.
Thanks for sharing. I just received my loan pre approval and uploaded all the documentation they requested including how to make payment to Tesla. My membership is still in processing "referred". Would you explain how you reached your loan processor or any tips to move this process along without pissing them off? I'm scheduled to pick-up my MYLR next Wednesday
Feb 1, 2023 1:06 AM
1.3K Comments
Joined May 2006
FatFreddieFeb 1, 2023 1:06 AM
1.3K 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
Doesn't take effect until mid-April. Those who sign a solar contract and get their paperwork in by then are grandfathered into the current buyback rates for 20 years. Just signed a solar contract today. Companies are swamped now. Will get a battery down the road, no EV yet and I'm counting on lower prices and govt incentives.
Last edited by FatFreddie January 31, 2023 at 05:16 PM.
Feb 1, 2023 1:08 AM
13.2K Comments
Joined Feb 2008
AkumaXFeb 1, 2023 1:08 AM
13.2K Comments
1 comment = $1 tax credit
Feb 1, 2023 1:10 AM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 1:10 AM
1.4K Comments
Quote from toromac :
If you think even half the people in this thread blathering on about loans in this thread can afford this, I have a bridge to sell you
thank you again for useless information ... where i on the other hand provided the breakdown
1
Feb 1, 2023 1:14 AM
771 Comments
Joined Dec 2014
JellyBellyMDFeb 1, 2023 1:14 AM
771 Comments
Quote from IndiaPaleAle :
I don't have Pw, it's a redic cost for the limited capacity. Ford Lightning is ~10 Pw equivalent & can drive. Of course CPUC just NEM'd me out of a few hundred in latest true up, that's new. Prior year got paid a few hundred for over generation (MCE). This state just loves taxing us to death, in every conceivable way. Nice weather tho, lol
Quote from hoosierary :
FWIW, here is my experience. Ordered my M3P on 1/14, received delivery date notification of 1/27-2/7 on 1/16. Summited loan app with Tower on 1/18, and received approval on 1/21 for [email protected]. Was originally going to pay cash but decided to float the money in a CD as the financing rate was quite favorable.
Applied for Tower membership on 1/24. Deliver date change to 2/7-2/21 on 1/26. Started getting a little worried about taking delivery before end of February so began hitting the stock inventory on a daily basis to see if anything popped up. Ultimately found a MYL in stock on 1/29 and made the change not knowing the status of the M3P.
Set delivery date on MYL for 2/3 and started getting nervous on Tower coming through on the financing (really wanted to secured that rate). Did a ton of leg work today to get the Tower membership account finalized with them, and then following up multiple times with the loan processor to schedule the loan funding. If I had not done that then it probably would have been another month before the loan was finalized based upon my conversations with Tower and the amount of backlog that they have.
So, excited to take delivery on Friday and looks like everything is in order. Before I even jumped in I took my neighbors M3 out for the day and fell in love.
What did you like about the M3 and what are you comparing it against?
Feb 1, 2023 1:15 AM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 1:15 AM
1.4K Comments
Quote from dilbert007 :
1 sec faster because Alon said so
Have you ever even been in a tesla ? and btw its ELON not alon laugh out loud
4

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Feb 1, 2023 1:34 AM
254 Comments
Joined Jun 2011
dilbert007Feb 1, 2023 1:34 AM
254 Comments
Quote from techie_review :
Have you ever even been in a tesla ? and btw its ELON not alon laugh out loud
Haha ok Alon it is..!!
2

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