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MurraytheDemonSkull 2.8M Views
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 13, 2023 6:11 AM
244 Comments
Joined Jan 2009
HaitaFeb 13, 2023 6:11 AM
244 Comments
Question: If you do not qualify for 7500 federal tax credit, would you buy now or wait until April with hole that Tesla will drop price in absence of tax credit? HW4 is attractive but who knows that will be available when
Feb 13, 2023 6:43 AM
1.6K Comments
Joined Oct 2006
ericdabbsFeb 13, 2023 6:43 AM
1.6K Comments
Quote from LoveEatSleep View quoted comment :
I reserved my MY on 2/16 and still waiting for the Vin. Where does the vin # post?
Amazing that you are able to pre-reserve your MY 4 days into the future already.
2
Feb 13, 2023 7:12 AM
194 Comments
Joined Nov 2006
RaySFeb 13, 2023 7:12 AM
194 Comments
Quote from rkingj View quoted comment :
someone was told they are switching back to non-matrix in Fremont now..........Mad
I switched to the Performance variant.
MYP Silver / Black & White interior / includes Matrix headlights as standard equipment.
Looks like they charged me a base price of 56,990.
I plan on swapping out the 21" wheels for 20's.
Feb 13, 2023 7:36 AM
1.6K Comments
Joined Oct 2006
ericdabbsFeb 13, 2023 7:36 AM
1.6K Comments
Quote from rkingj View quoted comment :
someone was told they are switching back to non-matrix in Fremont now..........Mad
Where did you hear that from?
Feb 13, 2023 7:51 AM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 13, 2023 7:51 AM
2.5K Comments
Quote from RayS View quoted comment :
I switched to the Performance variant.
MYP Silver / Black & White interior / includes Matrix headlights as standard equipment.
Looks like they charged me a base price of 56,990.
I plan on swapping out the 21" wheels for 20's.
How are you going to sell them ?
Feb 13, 2023 8:17 AM
4.5K Comments
Joined Apr 2012
twoweeledFeb 13, 2023 8:17 AM
4.5K Comments
Quote from anhdongtx View quoted comment :
Are they going to give you another one?
I'm back in holding/waiting for another VIN, and so on.
Feb 13, 2023 8:19 AM
1.6K Comments
Joined Oct 2006
ericdabbsFeb 13, 2023 8:19 AM
1.6K Comments
Quote from RayS View quoted comment :
I switched to the Performance variant.
MYP Silver / Black & White interior / includes Matrix headlights as standard equipment.
Looks like they charged me a base price of 56,990.
I plan on swapping out the 21" wheels for 20's.
If you reserved the MYLR before the first price hike (1/12 to 1/22), you can still upgrade to the MYP for only 56,990.

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Feb 13, 2023 9:48 AM
597 Comments
Joined Sep 2014
junkpromoFeb 13, 2023 9:48 AM
597 Comments
Quote from Haita View quoted comment :
Question: If you do not qualify for 7500 federal tax credit, would you buy now or wait until April with hole that Tesla will drop price in absence of tax credit? HW4 is attractive but who knows that will be available when
Does the current 7500 federal tax credit last till March 31st? Or ends on February 28th? I don't know where to find the exact date info.
1
Feb 13, 2023 10:00 AM
342 Comments
Joined Dec 2009
livefrugalFeb 13, 2023 10:00 AM
342 Comments
Does the car have to be delivered by March or purchased by March to qualify for the tax credit?
1
Feb 13, 2023 10:31 AM
244 Comments
Joined Jan 2009
HaitaFeb 13, 2023 10:31 AM
244 Comments
Quote from junkpromo View quoted comment :
Does the current 7500 federal tax credit last till March 31st? Or ends on February 28th? I don't know where to find the exact date info.
March 31
3
Feb 13, 2023 10:34 AM
674 Comments
Joined Oct 2016
LoveEatSleepFeb 13, 2023 10:34 AM
674 Comments
Quote from ericdabbs View quoted comment :
Amazing that you are able to pre-reserve your MY 4 days into the future already.
Lol oops I meant 1/16
Feb 13, 2023 10:38 AM
674 Comments
Joined Oct 2016
LoveEatSleepFeb 13, 2023 10:38 AM
674 Comments
Do you get an email when your vin is assigned? Or just gotta keep checking the app religiously?
Feb 13, 2023 12:10 PM
38 Comments
Joined Jul 2017
KickasssonyFeb 13, 2023 12:10 PM
38 Comments
Quote from IMAFriend View quoted comment :
Isn't it $2000, and then $2500 more if you are below? How do you get to $7500?
is it based on 2022 w2 or 2023 w2?
1
Feb 13, 2023 12:23 PM
306 Comments
Joined Aug 2008
-av1-Feb 13, 2023 12:23 PM
306 Comments
Quote from LoveEatSleep View quoted comment :
Do you get an email when your vin is assigned? Or just gotta keep checking the app religiously?
They do send a text

Hi _____, your VIN is assigned. Upload an insurance policy in the Tesla app now. We will message you again when it's time to schedule your delivery.

ts.la/app

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Feb 13, 2023 12:28 PM
306 Comments
Joined Aug 2008
-av1-Feb 13, 2023 12:28 PM
306 Comments
Quote from Haita View quoted comment :
March 31
As far as i understand, it's based on number of vehicles sold, and not date

"Tax credit cap for automakers after they hit 200,000"
https://electrek.co/2023/02/03/wh...ax-credit/
3

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