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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.

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12.3K Comments

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Feb 13, 2023 12:33 PM
304 Comments
Joined Dec 2016
anhdongtxFeb 13, 2023 12:33 PM
304 Comments
Quote from JellyBellyMD :
Yep, sounds about normal for Tesla. They probably realized the build quality was so bad and there was no way they could hide it from you in daylight. Maybe they had to re-attach the steering wheel....or they damaged the rims while trying to park since it has no parking sensors. Or maybe they went to clean it and the paint wiped off.
https://www.yahoo.com/finance/new...04494.html

Or any car manufacturers

Shit happens some times
Feb 13, 2023 1:07 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 13, 2023 1:07 PM
15.4K Comments

Our community has rated this post as helpful. If you agree, why not thank Knightshade

Quote from natureboy621k :
Does the car have to be delivered by March or purchased by March to qualify for the tax credit?
Unclear.

Quote from junkpromo :
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.
Neither

Quote from -av1- :
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/

Wrong

Quote from Haita :
March 31
Wrong







ACTUAL correct answer:

The $7500 credit is good for years to come. There are specific requirements to qualify for the first $3750, and OTHER requirements to qualify for the second half $3750....adding to $7500.


Treasury failed to issue guidance for that second half before the start of the year as they were supposed to... so until they do everyone who qualifies for the first half gets the second half too.

SOMETIME in March (no actual date announced) Treasury says it will issue guidance on the battery and mineral requirements for the IRA tax credit (that second half)

At THAT time (whenever in March they issue it- or later if they miss that date, as they've already missed previous dates) the guidance will kick in.


At that time SOME Teslas MAY lose half ($3750) of the credit. As will most OTHER EVs who also don't meet the new guidance.


Tesla, getting more of their cells domestically than any other maker, is likely to have the most # of cars still qualifying for the full $7500.

Until the guidance is issued NOBODY knows which ones- but the SR model 3 is most likely to lose it, and the SR model Y most likely to keep it (the LR and P models have a pretty good shot to qualify too but again nobody can be sure). Likewise nobody knows WHEN this happens other than Treasury saying "sometime in March"




The 200k thing was the OLD credit BTW, and does not apply to any brand of cars in 2023 (that credit hasn't existed for Tesla for years anyway since they passed 200k long before anyone else)
Last edited by Knightshade February 13, 2023 at 05:11 AM.
2
Feb 13, 2023 1:54 PM
194 Comments
Joined Nov 2006
RaySFeb 13, 2023 1:54 PM
194 Comments
Quote from sleekwallet :
How are you going to sell them ?
I'll probably try the Tesla forums to see if someone wants to work out a swap. If not, I'll list on FB marketplace and last resort, ebay.
Feb 13, 2023 2:01 PM
596 Comments
Joined Sep 2014
junkpromoFeb 13, 2023 2:01 PM
596 Comments
Quote from Knightshade :
Unclear.



Neither




Wrong



Wrong







ACTUAL correct answer:

The $7500 credit is good for years to come. There are specific requirements to qualify for the first $3750, and OTHER requirements to qualify for the second half $3750....adding to $7500.


Treasury failed to issue guidance for that second half before the start of the year as they were supposed to... so until they do everyone who qualifies for the first half gets the second half too.

SOMETIME in March (no actual date announced) Treasury says it will issue guidance on the battery and mineral requirements for the IRA tax credit (that second half)

At THAT time (whenever in March they issue it- or later if they miss that date, as they've already missed previous dates) the guidance will kick in.


At that time SOME Teslas MAY lose half ($3750) of the credit. As will most OTHER EVs who also don't meet the new guidance.


Tesla, getting more of their cells domestically than any other maker, is likely to have the most # of cars still qualifying for the full $7500.

Until the guidance is issued NOBODY knows which ones- but the SR model 3 is most likely to lose it, and the SR model Y most likely to keep it (the LR and P models have a pretty good shot to qualify too but again nobody can be sure). Likewise nobody knows WHEN this happens other than Treasury saying "sometime in March"




The 200k thing was the OLD credit BTW, and does not apply to any brand of cars in 2023 (that credit hasn't existed for Tesla for years anyway since they passed 200k long before anyone else)
Thumbs up. Do you have a link?
Feb 13, 2023 2:08 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 13, 2023 2:08 PM
15.4K Comments
Quote from junkpromo :
Thumbs up. Do you have a link?

To which part?

https://home.treasury.gov/system/...-Paper.pdf

That's where they announced "Treasury and the IRS intend to issue proposed guidance on the critical mineral and battery component requirements in March 2023"

No specific date other than 'march'
Feb 13, 2023 2:15 PM
596 Comments
Joined Sep 2014
junkpromoFeb 13, 2023 2:15 PM
596 Comments
Quote from Knightshade :
To which part?

https://home.treasury.gov/system/...-Paper.pdf

That's where they announced "Treasury and the IRS intend to issue proposed guidance on the critical mineral and battery component requirements in March 2023"

No specific date other than 'march'
Perfect. They are so vague "in March" lol. I want to take over a reservation but eta is March 12 to March 30th. Tesla needs to start digging in Nevada.
Feb 13, 2023 2:26 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 13, 2023 2:26 PM
15.4K Comments
Quote from junkpromo :
Perfect. They are so vague "in March" lol. I want to take over a reservation but eta is March 12 to March 30th. Tesla needs to start digging in Nevada.

FWIW the rules (as far as we know em anyway) will count sourcing OR refining- and Tesla announced back in Sept they'd be building a lithium refinery in Texas

https://www.mining.com/web/tesla-...%EF%BF%BC/

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Feb 13, 2023 3:07 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Feb 13, 2023 3:07 PM
4.1K Comments
Quote from LoveEatSleep :
Do you get an email when your vin is assigned? Or just gotta keep checking the app religiously?
You'll get both a text and an email once the VIN is assigned. And another follow-up text/email once it's ready to assign for pickup. I was also able to text that # back to schedule a different day.

Originally, they provided only 1 day w/ a bunch of available times. Unfortunately, I'm on vacation the entire time, including the 3 days after that, which is what terms requires you to pick up by. The person on the text message was able to reschedule my pickup for a few days earlier for pick up.
Last edited by skinnywallet42 February 13, 2023 at 07:56 AM.
Feb 13, 2023 3:08 PM
122 Comments
Joined May 2014
V-007Feb 13, 2023 3:08 PM
122 Comments
Quote from DannyC1964 :
This is part of the reason why I haven't pulled the trigger yet. I may be missing out on the full 7.5k tax credit by sitting on the sideline, but I'm hoping that Tesla will pass on the savings of the revised/simplified platform to the consumer.
There's no way to predict the future. Future proofing sounds nice but what if it comes out in 2025? By that time news of HW5 will/might be out.

Plus if you get the 7500 rebate, you can flip your car and still pocket the difference and upgrade later to HW4. Its not like the minute it comes out it will be perfect. They will fine tune/test it on the streets and send OTA updates (much like modern cell phones) to get it right.

I love the idea of having HW4 but put in my MYP now for the reasons above. Who knows maybe the next one will be a model S or X or roadster (upgrade vehicle in the process lol) with HW4 instead.
Feb 13, 2023 3:22 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 13, 2023 3:22 PM
1.4K Comments
Quote from V-007 :
There's no way to predict the future. Future proofing sounds nice but what if it comes out in 2025? By that time news of HW5 will/might be out.

Plus if you get the 7500 rebate, you can flip your car and still pocket the difference and upgrade later to HW4. Its not like the minute it comes out it will be perfect. They will fine tune/test it on the streets and send OTA updates (much like modern cell phones) to get it right.

I love the idea of having HW4 but put in my MYP now for the reasons above. Who knows maybe the next one will be a model S or X or roadster (upgrade vehicle in the process lol) with HW4 instead.
i dont think you can flip the car, i think its specific that it much not be for reselling.
Feb 13, 2023 3:32 PM
1.6K Comments
Joined Mar 2008
rkingjFeb 13, 2023 3:32 PM
1.6K Comments
Tesla Motors Club forum.........
Quote from ericdabbs :
Where did you hear that from?
Feb 13, 2023 3:48 PM
429 Comments
Joined Aug 2018
MawsuFeb 13, 2023 3:48 PM
429 Comments
Quote from DannyC1964 :
This is part of the reason why I haven't pulled the trigger yet. I may be missing out on the full 7.5k tax credit by sitting on the sideline, but I'm hoping that Tesla will pass on the savings of the revised/simplified platform to the consumer.
What is the guarantee that MYLR will be still at 55k that time !? (it could crash further or can go 63+). Tesla will never going to do anything that is not going to profit their stocks.
Feb 13, 2023 3:59 PM
3K Comments
Joined Mar 2012
cyclops13Feb 13, 2023 3:59 PM
3K Comments
My M3RWD is scheduled for delivery tomorrow. Will they adjust the price with this recent price cut? Interesting that they keep dropping the price of 3 and bumping up the Y.
Feb 13, 2023 4:06 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Feb 13, 2023 4:06 PM
4.1K Comments
Quote from rkingj :
Tesla Motors Club forum.........
It's all a "rumor" based on what one member was told by their SA. I would take it with a huge grain of salt until there are actual confirmation of MYLR deliveries out of Fremont that don't have it. We should find out in the next week or two. I have my delivery next weekend, so we'll see. Not a big deal to me.

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Feb 13, 2023 4:08 PM
1.6K Comments
Joined Mar 2008
rkingjFeb 13, 2023 4:08 PM
1.6K Comments
thanks for sharing.............Smilie
Quote from skinnywallet42 :
It's all a "rumor" based on what one member was told by their SA. I would take it with a huge grain of salt until there are actual confirmation of MYLR deliveries out of Fremont that don't have it. We should find out in the next week or two. I have my delivery next weekend, so we'll see. Not a big deal to me.

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