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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 12:19 PM
994 Comments
Joined Mar 2013
ninapaFeb 19, 2023 12:19 PM
994 Comments
Quote from cyclops13 :
No it's not normal, mostly wheel needs to balanced.
I took it to Tesla service, One of the tire was out of balance. They rebalanced it free of charge, was told it is one time courtesy.

But I went to test drive yesterday the problem still not fixed, the steering wheel still vibrate when speed above 65. Do you think it could be alignment issue?
Feb 19, 2023 1:40 PM
2.9K Comments
Joined Jun 2007
iceage2007Feb 19, 2023 1:40 PM
2.9K Comments
Quote from LordChod :
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
350K is the sell price or earned revenue/income. You only reported earned money as income (that you pay tax on), not the selling amount. Then, add that property earned income to your other incomes.
Feb 19, 2023 1:41 PM
850 Comments
Joined Dec 2005
h3nGFeb 19, 2023 1:41 PM
850 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?
You can still switch your order. Just be mindful that MYP ride quality is more sporty and suspension is more harsh, and it will cost you more in the long run - less efficient 10% less range, higher insurance costs, and more tire wear (probably the only maintenance you'll have on the car).
Feb 19, 2023 1:43 PM
2.9K Comments
Joined Jun 2007
iceage2007Feb 19, 2023 1:43 PM
2.9K Comments
What is the lowest loan rate people get for this, and who is the bank? I'm looking for around 40K. TiA
Feb 19, 2023 1:59 PM
114 Comments
Joined Nov 2012
smksinger123Feb 19, 2023 1:59 PM
114 Comments
Quote from LordChod :
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
Only the appreciation part of the price is considered for income. You can also use last year's AGI for tax credit.
Feb 19, 2023 2:22 PM
9 Comments
Joined Aug 2011
cwhite86720Feb 19, 2023 2:22 PM
9 Comments
MYLR Blue/black + tow package. OD 1/17. Assigned VIN on 2/13. Just got text to schedule delivery. Earliest appt they had was 3/2. Likelihood I can move this up to end of Feb?
Feb 19, 2023 2:46 PM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 19, 2023 2:46 PM
2.5K Comments
Quote from h3nG :
You can still switch your order. Just be mindful that MYP ride quality is more sporty and suspension is more harsh, and it will cost you more in the long run - less efficient 10% less range, higher insurance costs, and more tire wear (probably the only maintenance you'll have on the car).
You can change the suspension

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Feb 19, 2023 3:05 PM
38 Comments
Joined Oct 2013
merc-8181Feb 19, 2023 3:05 PM
38 Comments
Quote from h3nG :
You can still switch your order. Just be mindful that MYP ride quality is more sporty and suspension is more harsh, and it will cost you more in the long run - less efficient 10% less range, higher insurance costs, and more tire wear (probably the only maintenance you'll have on the car).
That's good to know. I will just stay as-is with MYLR.
Feb 19, 2023 3:12 PM
850 Comments
Joined Dec 2005
h3nGFeb 19, 2023 3:12 PM
850 Comments
Quote from sleekwallet :
You can change the suspension
It's better to start with changing the wheels and tires. Suspension, wheels, tires…costs really add up. I've never ridden the MYP myself so it may not even be an issue depending on who you are, but there are enough reports of MYP being a less comfortable of a ride to consider that difference.
Feb 19, 2023 3:28 PM
1K Comments
Joined Mar 2019
CycloneFWFeb 19, 2023 3:28 PM
1K Comments
Quote from h3nG :
It's better to start with changing the wheels and tires. Suspension, wheels, tires…costs really add up. I've never ridden the MYP myself so it may not even be an issue depending on who you are, but there are enough reports of MYP being a less comfortable of a ride to consider that difference.
I will say I took delivery last week of a MYLR with 19" wheels and the ride is tougher than my MSLR with 21" wheels, though the S has air suspension. Part of this might be just because things are brand new and the tires will "break in" a bit after some miles. It is most noticeably when driving through my neighborhood and we have good roads here.
Feb 19, 2023 3:38 PM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 19, 2023 3:38 PM
2.5K Comments
Quote from h3nG :
It's better to start with changing the wheels and tires. Suspension, wheels, tires…costs really add up. I've never ridden the MYP myself so it may not even be an issue depending on who you are, but there are enough reports of MYP being a less comfortable of a ride to consider that difference.
I mean the car allows you to set the suspension comfort level to match the one of the regular Y. Obviously is not very sporty at that point
1
Feb 19, 2023 3:44 PM
15.4K Comments
Joined Sep 2009
KnightshadeFeb 19, 2023 3:44 PM
15.4K 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

It's a gamble either way as nobody knows when in march the guidance will be issued (or if it will exclude any version of the car from half the credit or not- though it would be the same for LR vs P in either case as they use the same batteries)


Quote from sleekwallet :
I mean the car allows you to set the suspension comfort level to match the one of the regular Y.
How does it do that? The Y does not have an adjustable suspension like the S/X.
Feb 19, 2023 3:54 PM
2.5K Comments
Joined Aug 2007
sleekwalletFeb 19, 2023 3:54 PM
2.5K Comments
How does it do that? The Y does not have an adjustable suspension like the S/X.[/QUOTE]
Oh my bad , you are right . I thought it had adjustable suspension
Feb 19, 2023 4:09 PM
451 Comments
Joined May 2021
backmenuinfoFeb 19, 2023 4:09 PM
451 Comments
Does anybody know if MYSR qualifies for a 7.5k tax credit after March since they are built in Austin (both battery and assembly)?

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Feb 19, 2023 4:39 PM
8 Comments
Joined Dec 2020
SiennaStranger6073Feb 19, 2023 4:39 PM
8 Comments
I reserved a MYLR early on but due to the long wait time (estimated delivery in mid March) I ended up buying a second hand Model Y. Can I sell this reservation and get my reservation cost back? If yes, is it an easy process? Any guidance is appreciated.

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