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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 3, 2023 5:02 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 3, 2023 5:02 PM
1.4K Comments
Quote from foxblur :
Mine is next week also…and now I want to change…
but not you might want to be sure about the march deadline.
Feb 3, 2023 5:08 PM
304 Comments
Joined Dec 2016
anhdongtxFeb 3, 2023 5:08 PM
304 Comments
Quote from cyclops13 :
Y is considered SUV which has a limit of 80K.
Cool. Musk can raise the price back toward 80K now lol
Feb 3, 2023 5:11 PM
311 Comments
Joined Mar 2005
wyldFeb 3, 2023 5:11 PM
311 Comments
Quote from CycloneFW :
Prepare for another influx of orders given that the IRS retroactively made all Model Ys have a $80k limit.

https://www.irs.gov/credits-deduc...3-or-after
Thanks for sharing the updated news! I was able to swap my order that had no VIN assigned and estimated delivery March 12-18 (MYLR, white, induction wheels) to an inventory performance blue that I just scheduled delivery for next week! OMG
Feb 3, 2023 5:13 PM
13K Comments
Joined Nov 2008
575riderFeb 3, 2023 5:13 PM
13K Comments
Quote from wyld :
Thanks for sharing the updated news! I was able to swap my order that had no VIN assigned and estimated delivery March 12-18 (MYLR, white, induction wheels) to an inventory performance blue that I just scheduled delivery for next week! OMG
Awesome! Who did you contact to do the swap? Did they confirm it qualifies for the credit?
Feb 3, 2023 5:18 PM
1.7K Comments
Joined Nov 2010
dragon911Feb 3, 2023 5:18 PM
1.7K Comments
Do i have to take it out for month service like other gasoline car?
Feb 3, 2023 5:22 PM
535 Comments
Joined Nov 2007
pugxiwawaFeb 3, 2023 5:22 PM
535 Comments
heck of a deal now for the performance model. damn.
Feb 3, 2023 5:24 PM
311 Comments
Joined Mar 2005
wyldFeb 3, 2023 5:24 PM
311 Comments
Quote from 575rider :
Awesome! Who did you contact to do the swap? Did they confirm it qualifies for the credit?
If you don't have a VIN assigned, selecting "manage" at the top left corner gives you an option for accelerated delivery by choosing something in inventory. It automatically updates your order so it reuses the the original deposit fee.

Since the rebate is guidance from the IRS, Tesla shouldn't have a say if it qualifies. The table in the IRS link is pretty straight forward.

Model Year Vehicle Description Applicable MSRP Limit
2022, 2023 Tesla Model 3 Rear Wheel Drive $55,000
2022, 2023 Tesla Model 3 Long Range $55,000
2022, 2023 Tesla Model 3 Performance $55,000
2022, 2023 Tesla Model Y All-Wheel Drive $80,000
2022, 2023 Tesla Model Y Long Range $80,000
2022, 2023 Tesla Model Y Performance $80,000

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Feb 3, 2023 5:25 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Feb 3, 2023 5:25 PM
4.1K Comments
Quote from gotoee37000 :
So essentially autopilot is on par with pilot assist 2? A bit disappointed having to pay 6k for advanced pilot.
Yes, from what I can tell. Volvo's PA2 actually had auto-park, which I never used. It was clunky and slow. It was quicker for me to just parallel park or pull into a normal parking spot.
Feb 3, 2023 5:30 PM
13K Comments
Joined Nov 2008
575riderFeb 3, 2023 5:30 PM
13K Comments
Quote from wyld :
If you don't have a VIN assigned, selecting "manage" at the top left corner gives you an option for accelerated delivery by choosing something in inventory. It automatically updates your order so it reuses the the original deposit fee.

Since the rebate is guidance from the IRS, Tesla shouldn't have a say if it qualifies. The table in the IRS link is pretty straight forward.

Model Year Vehicle Description Applicable MSRP Limit
2022, 2023 Tesla Model 3 Rear Wheel Drive $55,000
2022, 2023 Tesla Model 3 Long Range $55,000
2022, 2023 Tesla Model 3 Performance $55,000
2022, 2023 Tesla Model Y All-Wheel Drive $80,000
2022, 2023 Tesla Model Y Long Range $80,000
2022, 2023 Tesla Model Y Performance $80,000

Great. Thank you. Is there any way to search more than 200 miles away? Also, if I decide to just do a new order, can I apply my previous deposit to the new order since I don't have a VIN? Thanks.
Feb 3, 2023 5:30 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 3, 2023 5:30 PM
15.4K Comments
Quote from dragon911 :
Do i have to take it out for month service like other gasoline car?
Not entirely clear what you're asking here- but there is no routine/regular maintenance required at all in the first month. Or first year.

The only regular maintenance required on the Y is:

Check brake fluid every 2 years to see if it needs replacing (and do replace every 2 if towing)

Change cabin filter every 2 or 3 years depending if it's the HEPA filter or not (and if it IS HEPA, change that filter every 3 years)

Change A/C desiccant bag every 4 years

Rotate tires as needed, and if you live someplace they salt the roads in winter clean/lube your brake calipers annually or every 12.5k miles.

That's it.


Maintenance is vastly less than a gas car.


Quote from vinit1811 :
Is the March rule still valid with this change?
Is it possible the Federal credit amount may change in March when more clarity is added to battery requirements?
Yes it's still possible what is eligible for how much will change when they issue the battery sourcing guidance in March (at least SOME vehicles are likely to have the credit cut in half to $3750 though it's anybodys guess right now if that will include any Teslas or not... the LFP based SR Model 3 would be most likely to lose it based on what we know right now though)

Quote from needdealsnow :
From Tesla website

Price Caps
The vehicle price at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees.
Model 3: $55,000
Model Y with 5 seats: $55,000
Model Y with 7 seats: $80,000

Yes, the website hasn't been updated with the new information. Now all Ys under 80k (which is all of them) qualify regardless of seating.

https://www.irs.gov/credits-deduc...3-or-after
Feb 3, 2023 5:30 PM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 3, 2023 5:30 PM
2.5K Comments
wow, time to change it to performance!
Feb 3, 2023 5:31 PM
3K Comments
Joined Feb 2011
KensicFeb 3, 2023 5:31 PM
3K Comments
grab your tesla now before prices go up
Feb 3, 2023 5:36 PM
565 Comments
Joined Oct 2004
dealhunt_101Feb 3, 2023 5:36 PM
565 Comments
Quote from Kensic :
grab your tesla now before prices go up

absolutely, going up any day now. the only benefit is for the folks on the fence looking to add a tow hitch, or performance, they can now add and still benefit from the fed tax credit. win-win for all.
Feb 3, 2023 5:36 PM
254 Comments
Joined Jun 2011
dilbert007Feb 3, 2023 5:36 PM
254 Comments
Quote from wyld :
If you don't have a VIN assigned, selecting "manage" at the top left corner gives you an option for accelerated delivery by choosing something in inventory. It automatically updates your order so it reuses the the original deposit fee.

Since the rebate is guidance from the IRS, Tesla shouldn't have a say if it qualifies. The table in the IRS link is pretty straight forward.

Model Year Vehicle Description Applicable MSRP Limit
2022, 2023 Tesla Model 3 Rear Wheel Drive $55,000
2022, 2023 Tesla Model 3 Long Range $55,000
2022, 2023 Tesla Model 3 Performance $55,000
2022, 2023 Tesla Model Y All-Wheel Drive $80,000
2022, 2023 Tesla Model Y Long Range $80,000
2022, 2023 Tesla Model Y Performance $80,000
That sucks for all the guys who took delivery 😕 even without basic wheel upgrade. Thank you Joe we appreciate your service 🙏

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Feb 3, 2023 5:37 PM
5.9K Comments
Joined Mar 2004
supernomanFeb 3, 2023 5:37 PM
5.9K Comments
Quote from dealhunt_101 :
absolutely, going up any day now. the only benefit is for the folks on the fence looking to add a tow hitch, or performance, they can now add and still benefit from the fed tax credit. win-win for all.
only if delivered before IRS guidance update or unless IRS keeps same terms.

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