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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 7:54 PM
304 Comments
Joined Dec 2016
anhdongtxFeb 3, 2023 7:54 PM
304 Comments
Quote from cyclops13 :
I know this thread is for the Y but is'nt Model 3 better bang for you buck? Is the Y significantly better than 3?
Price is same if you get a model3 with dual motor and AwD, aka model 3 performance
Feb 3, 2023 7:55 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 3, 2023 7:55 PM
15.4K Comments
Quote from cyclops13 :
I know this thread is for the Y but is'nt Model 3 better bang for you buck? Is the Y significantly better than 3?

Better at what?

The 3 is cheaper, handles better, and is quicker in comparable trim.

But it has less cargo capacity, no official towing option in the US, and no 7 seat option compared to the Y.
Feb 3, 2023 7:56 PM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 3, 2023 7:56 PM
2.5K Comments
Quote from sm1907 :
I took the risk of 250 and ordered. got VIN assigned immediately. got MYLR B, 20', hitch for 54,990. Where as my previous one was MYLR B, 19' for 53990. I see a benifit of $2000

wait, what did you do? sorry i didnt understand the $2K savings
Feb 3, 2023 7:56 PM
304 Comments
Joined Dec 2016
anhdongtxFeb 3, 2023 7:56 PM
304 Comments
Quote from caymera :
Paperwork changed for 2023 reporting. All these new rules are for 2023 from IRS. They have history of changing flip-flopping rules as year goes by but as of now that's how the rule is that dealer must report sale details and other information to IRS.

You can check yourself here: https://www.irs.gov/credits-deduc...quirements
Yes but what happened if Tesla doesn't? I don't think they have information to do that? I asked the delivery people and they have no clue. They don't provide you any extra paper for tax credit
Feb 3, 2023 7:58 PM
226 Comments
Joined Jan 2007
ahipokeFeb 3, 2023 7:58 PM
226 Comments
Quote from sm1907 :
I took the risk of 250 and ordered. got VIN assigned immediately. got MYLR B, 20', hitch for 54,990. Where as my previous one was MYLR B, 19' for 53990. I see a benifit of $2000
Was this for a new custom order or for an available car?
Feb 3, 2023 7:59 PM
627 Comments
Joined Oct 2014
caymeraFeb 3, 2023 7:59 PM
627 Comments
Quote from anhdongtx :
Yes but what happened if Tesla doesn't? I don't think they have information to do that? I asked the delivery people and they have no clue. They don't provide you any extra paper for tax credit
You have to buy with your full faith on Tesla that they will do their due diligence.
Feb 3, 2023 8:03 PM
13K Comments
Joined Nov 2008
575riderFeb 3, 2023 8:03 PM
13K Comments
Quote from sm1907 :
clicking Manage takes me to web
Correct. If it's an option, you'll see a link there.

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Feb 3, 2023 8:05 PM
5.9K Comments
Joined Mar 2004
supernomanFeb 3, 2023 8:05 PM
5.9K Comments
Quote from caymera :
You have to buy with your full faith on Tesla that they will do their due diligence.
They managed to file 200k of them right to hit original limit. Mine 5 years ago was no problem.
Feb 3, 2023 8:07 PM
201 Comments
Joined Nov 2016
sm1907Feb 3, 2023 8:07 PM
201 Comments
Quote from sleekwallet :
wait, what did you do? sorry i didnt understand the $2K savings
Im getting additional features of 20" wheels and tow hitch
Feb 3, 2023 8:07 PM
201 Comments
Joined Nov 2016
sm1907Feb 3, 2023 8:07 PM
201 Comments
Quote from ahipoke :
Was this for a new custom order or for an available car?
Inventory
Feb 3, 2023 8:08 PM
3.4K Comments
Joined Jun 2008
dagaduFeb 3, 2023 8:08 PM
3.4K Comments
Quote from mrdizle :
Tesla model Y is ugly... Buy the solo car instead
https://www.emvauto.com/
That's another scam company like Elio. They will never deliver your three wheeled "car"
Feb 3, 2023 8:08 PM
3K Comments
Joined Mar 2012
cyclops13Feb 3, 2023 8:08 PM
3K Comments
Do they charge destination fee for all the orders or is there a way to avoid it?

Anyone in NJ got the car? Does the Model 3 get 4k state rebate or 2k?
Feb 3, 2023 8:09 PM
201 Comments
Joined Nov 2016
sm1907Feb 3, 2023 8:09 PM
201 Comments
Quote from sm1907 :
I took the risk of 250 and ordered. got VIN assigned immediately. got MYLR B, 20', hitch for 54,990. Where as my previous one was MYLR B, 19' for 53990. I see a benifit of $2000
How do I see my other car in the app?
Feb 3, 2023 8:09 PM
75 Comments
Joined Nov 2008
rhannaFeb 3, 2023 8:09 PM
75 Comments
Quote from sm1907 :
Im getting additional features of 20" wheels and tow hitch

Are you sure it is LR not the basic , I suddenly see many car in inventory for 52,900 but it is not LR and added 2000$ for wheels

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Feb 3, 2023 8:13 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 3, 2023 8:13 PM
3.5K Comments
Quote from canboy :
Do you provide VIN with loan application submission? Or after the fact when approval is done.
After is on the power of attorney

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