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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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Feb 1, 2023 8:39 PM
509 Comments
Joined May 2018
vndragonslayerFeb 1, 2023 8:39 PM
509 Comments
Quote from norcal007 :
Reddit disagrees as people are getting quotes that are higher. Add in homeowners insurance premium goes up after a solar install.
adding in a 2023 civic to replace a 96 civic also increase in insurance premium.. its not rocket science to understand that adding new coverage for more expensive car results in higher insurance cost
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Feb 1, 2023 8:44 PM
509 Comments
Joined May 2018
vndragonslayerFeb 1, 2023 8:44 PM
509 Comments
Quote from Legosandmcgrew :
Until a corner appears. The BMW has an actual interior and good build quality too. Go on, though.

Point still stands. Why not call it something unique so everyone knows what we're talking about?
nothing unique about a 80k gas guzzler that loses to a 47k performance ev. that 80k m3 has the same interior build quality as the same budgetted bmw base 3. are you saying you like to spend an extra 40k to flex the plastic m3 badge instead?
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Feb 1, 2023 8:51 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 8:51 PM
3.5K Comments
Quote from techie_review :
its still a guessing game, march 1 or march 31 or will extend ? who knows ? papa elon will take care of us or screw us lol
Musk won't help the tax credit has nothing to do with him. He didn't help the suckers who bought December 2022 when they offered 7500 discount before the huge price decrease stacked with tax credit happened in Jan 2023, weeks apart. Just glad I waited 😂 those guys will end up paying something like $17k+ more than people in this deal.
Feb 1, 2023 9:00 PM
4.4K Comments
Joined Feb 2010
turns2stoneFeb 1, 2023 9:00 PM
4.4K Comments
Quote from techie_review :
I would challenge that ... to first use the creep mode, like the first week or 2 if you are coming from a gas car then gradually yes move into the "hold" mode.
My concern with that approach, you never end up changing after 2 weeks. Best just to rip the band-aid off when it all feels new and your brain is in 're-wire' mode.
Feb 1, 2023 9:09 PM
164 Comments
Joined Apr 2013
RevanriviaFeb 1, 2023 9:09 PM
164 Comments
Quote from hoosierary :
Tower gets major brownie points from me. My loan processor was scheduled to be out of the office the remainder of the week for a funeral, but he calls me today and finishes up the funding process for delivery of my MYLR on Friday. If he hadn't have done this I would have had to pay cash and then go through a re-finance process.
Nice. I'm trying to convert to a refinance. If only I could get a hold of someone by phone.
Feb 1, 2023 9:11 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 9:11 PM
1.4K Comments
Quote from TheKingofDeals :
Musk won't help the tax credit has nothing to do with him. He didn't help the suckers who bought December 2022 when they offered 7500 discount before the huge price decrease stacked with tax credit happened in Jan 2023, weeks apart. Just glad I waited 😂 those guys will end up paying something like $17k+ more than people in this deal.
OMG same here i am glad i waited too, my wife and i went to look at a used tesla for $45K with 40,000 miles on it this was dec 2022. so we were going to pull the trigger when i had a GUT feeling that we will wait and see if the prices drop and 2 weeks later BOOM prices dropped.

yeah i have an neighbor who bought the car in Dec 2022 and he is PISSED ahahha ... i am still pending my VIN ordered 01/17 so lets see MYLR base white and black interior no upgrades
Feb 1, 2023 9:27 PM
626 Comments
Joined Oct 2014
caymeraFeb 1, 2023 9:27 PM
626 Comments
Checked with Tesla, they dont collect Social security/Tax ID as required by IRS to report back for the tax credit. They claimed they checked with their Legal team and there's no process to gather such information. Not sure if Tesla is screwing up but if so then its applicable to lot of folks who are doing third party loan or paying cash.

They may be able to get information for people who used Tesla loan I guess since that data is captured on their side.

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Feb 1, 2023 9:28 PM
976 Comments
Joined May 2009

This comment has been rated as unhelpful by Slickdeals users.

Feb 1, 2023 9:31 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 9:31 PM
3.5K Comments
Quote from vndragonslayer :
the positive thing about replacement cost add on coverage is that it protect you in market situation where cost increases.. so like u bought car for 42k in 2020 and in 2022 it cost 70k.. theyll eat up the 70k to get you a tesla replacement should your tesla gets totalled..
Seems like for the extra $100 for the year a no brainier to add it.
Feb 1, 2023 9:33 PM
1.3K Comments
Joined May 2006
FatFreddieFeb 1, 2023 9:33 PM
1.3K Comments
Quote from IndiaPaleAle :
My homeowners didn't go up after solar. Increasing coverage is your own prerogative depending on how much you think it will cost to rebuild. I'd rather go low than go high especially because it directly impacts CEA rate.
Yeah, he's a wealth of misinformation
1
Feb 1, 2023 9:54 PM
304 Comments
Joined Dec 2016
anhdongtxFeb 1, 2023 9:54 PM
304 Comments
Quote from protox :
This car is soulless and crap. Picked up my Model Y last night and I must say, I'd prefer a Corolla. Sure it's fast but nowhere near fun to drive at all. Save your money and buy a golf cart that's what this basically is.
No you didn't pick up anything lol
1
Feb 1, 2023 10:03 PM
4.2K Comments
Joined May 2004
abadanFeb 1, 2023 10:03 PM
4.2K Comments
Quote from protox :
This car is soulless and crap. Picked up my Model Y last night and I must say, I'd prefer a Corolla. Sure it's fast but nowhere near fun to drive at all. Save your money and buy a golf cart that's what this basically is.
Return it and get an electric bike for about $700, golf cart not a bad idea either!
Feb 1, 2023 10:31 PM
34 Comments
Joined Dec 2010
hecterFeb 1, 2023 10:31 PM
34 Comments
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
Feb 1, 2023 10:35 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Feb 1, 2023 10:35 PM
4.1K Comments
Quote from hecter :
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
You should ask your tax professional/CPA. Or your tax software. I'd trust them more than most the folks here. This thread is 50% assumptions or incorrect info.

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Feb 1, 2023 10:41 PM
957 Comments
Joined Nov 2013
mtx1212Feb 1, 2023 10:41 PM
957 Comments
Quote from hecter :
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
Beginning January 1, 2023, a tax credit will be available to businesses for the purchase of new EVs and FCEVs. Vehicles with a gross vehicle weight rating (GVWR) below 14,000 pounds (lbs.) must have a battery capacity of at least seven kilowatt-hours (kWh) and vehicles with a GVWR above 14,000 lbs. must have a battery capacity of at least 15 kWh. The tax credit amount is equal to the lesser of the following amounts:
15% of the vehicle purchase price for plug-in hybrid electric vehicles
30% of the vehicle purchase price for EVs and FCEVs
The incremental cost of the vehicle compared to an equivalent internal combustion engine vehicle
Maximum tax credits may not exceed $7,500 for vehicles under 14,000 lbs. and $40,000 for vehicles above 14,000 lbs. Businesses may not combine this tax credit with the Clean Vehicle Tax Credit.

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