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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 19, 2023 4:03 AM
1K Comments
Joined Sep 2008
JV13Feb 19, 2023 4:03 AM
1K Comments
My MYP is showing delivery March 10-31. No one is sure if we will qualify for the $7500 if we get delivery after February?
Feb 19, 2023 4:10 AM
88 Comments
Joined Jan 2018
Anasazi318798Feb 19, 2023 4:10 AM
88 Comments
Quote from ericdabbs :
So when you say 20% down, so like when the car costs $58K and you only borrow $40K, you would be borrowing less than the 80% threshold of the total car costs so does that automatically qualify you for the 2.49% rate?

Or maybe without making it more complicated, basically you can only borrow up to 80% of the purchase price of the car?
Correct, 80% loan amount.
Feb 19, 2023 4:15 AM
88 Comments
Joined Jan 2018
Anasazi318798Feb 19, 2023 4:15 AM
88 Comments
Quote from grxnxdos :
What documents do they request? I want to get a head start on putting these together. Thanks in advance!
I had to send mine and my husbands drivers license again. This was for membership only.
Feb 19, 2023 4:28 AM
32 Comments
Joined Jan 2010
THEANHDYFeb 19, 2023 4:28 AM
32 Comments
2023 MYP white/white
Order Date Friday 2/3/2023
Estimated Delivery Date 3/1-3/31
No VIN assignment yet
Feb 19, 2023 4:32 AM
93 Comments
Joined Apr 2016
salithdFeb 19, 2023 4:32 AM
93 Comments
I took delivery of my MYLR On 29th Jan. I noticed that there was a small chip on the right hand side head light. It was very minor but I put that in as a service request within the first 100 miles. They gave me an appointment for 18th Feb. It was a smooth transaction overall. Service guys at Tesla were super helpful. They ended up replacing the light. Very good experience so far!
Feb 19, 2023 5:11 AM
451 Comments
Joined May 2021
backmenuinfoFeb 19, 2023 5:11 AM
451 Comments
How does it work if I choose not to trade in my old car with Tesla but with Carmax? Should I trade in and make a payment to Tesla on a delivery day?
Feb 19, 2023 5:52 AM
18 Comments
Joined Feb 2020
hoosieraryFeb 19, 2023 5:52 AM
18 Comments
Quote from tommyvelocity :
It does look different.

The Reddit post had 2 or 3 more pictures and you can clearly see that they may have missed a coat or two as the tone of the white is definitely different.
no issues with matching on the front panel they replaced.

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Feb 19, 2023 6:08 AM
1.7K Comments
Joined Aug 2003
tommyvelocityFeb 19, 2023 6:08 AM
1.7K Comments
Quote from merc-8181 :
Took a $250 risk and Ordered MYLR yesterday at $55k. Not sure if I will get it in March. Hoping for the best outcome out of it.
Tesla already said they sold out of Model Y for the quarter. Your only chance would be to get SR from current inventory/production.
Feb 19, 2023 7:05 AM
2.6K Comments
Joined Jan 2013
tonkotsuFeb 19, 2023 7:05 AM
2.6K Comments
Quote from merc-8181 :
Took a $250 risk and Ordered MYLR yesterday at $55k. Not sure if I will get it in March. Hoping for the best outcome out of it.
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
Feb 19, 2023 7:15 AM
38 Comments
Joined Oct 2013
merc-8181Feb 19, 2023 7:15 AM
38 Comments
Quote from tonkotsu :
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
MYP is little more than LR. You mean it will be delivered sooner than LR? Do you know if I can switch the model in a existing order?
Feb 19, 2023 7:34 AM
38 Comments
Joined Oct 2013
merc-8181Feb 19, 2023 7:34 AM
38 Comments
Quote from tonkotsu :
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
Does MYP qualify for full credit? 5 seater has to be less than $55k, correct?
Feb 19, 2023 7:55 AM
32 Comments
Joined Jan 2014
Tesla_dudeFeb 19, 2023 7:55 AM
32 Comments
Quote from merc-8181 :
Does MYP qualify for full credit? 5 seater has to be less than $55k, correct?
That's changed now to $80k
Feb 19, 2023 7:56 AM
32 Comments
Joined Jan 2014
Tesla_dudeFeb 19, 2023 7:56 AM
32 Comments
Quote from merc-8181 :
MYP is little more than LR. You mean it will be delivered sooner than LR? Do you know if I can switch the model in a existing order?
Yes you can and give a try
Feb 19, 2023 9:46 AM
189 Comments
Joined Dec 2016
mrhightower11Feb 19, 2023 9:46 AM
189 Comments
Lmk if any of y'all got the MYLR with any color besides stock white that's tax credit eligible
2

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Feb 19, 2023 12:18 PM
149 Comments
Joined Nov 2019
LordChodFeb 19, 2023 12:18 PM
149 Comments
About the 7500 rebate— If i sell a property this year for $350k is it considered as an income? Do I get disqualified for the fed rebate? Anyone has insight in this? Thanks

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