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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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Mar 14, 2023 3:49 PM
804 Comments
Joined Sep 2013
chucktaylurMar 14, 2023 3:49 PM
804 Comments
My trade in offered expired yesterday. I texted the 508 number asking how to update the offer since I dont see an option in the app. I got a response asking me to complete my insurance details by text. I also received an email asking me to ''Prepare for your delivery by providing details in the insurance task. Complete your pre-delivery tasks in the Tesla app.'' I dont even have a delivery date yet, how can I add insurance?
Last edited by chucktaylur March 14, 2023 at 09:05 AM.
Mar 14, 2023 3:55 PM
1.7K Comments
Joined Aug 2003
tommyvelocityMar 14, 2023 3:55 PM
1.7K Comments
Quote from brutal :
Thanks for providing the correct perspective to this March deadline! That makes sense. Would you be able to share the IRS/Treasury site that specifies what you have mentioned in your post above. That will be quite helpful. Thanks.
Mar 14, 2023 3:56 PM
672 Comments
Joined Aug 2011
iamjpadMar 14, 2023 3:56 PM
672 Comments
Quote from brutal :
Thanks for providing the correct perspective to this March deadline! That makes sense. Would you be able to share the IRS/Treasury site that specifies what you have mentioned in your post above. That will be quite helpful. Thanks.
You can find out a lot more about it from this detailed breakdown on the IRA 2022
https://www.kiplinger.com/taxes/6...22-changes


Applause this is going to turn some heads.
Starting 2024, you can take the credit at the time of purchase.
"Another new rule is that if you're buying a clean vehicle, you will have the option, beginning in 2024, to take the EV tax credit as a discount at the time you purchase the vehicle. Essentially, you would be transferring the credit to the dealer, who would be able to lower the price of the vehicle by the amount of the credit."

"The IRS expects to release rules for the sourcing requirement in March 2023."

The IRS has until the end of Mar 2023 to issue that guidance, hence why everyone said things will change by the end of march. In all honestly they could issue the guidance today or tomorrow and it will be effective from that issue date unless the IRS itself puts a different date on the guidance which they also can

If you really want to dive deeper into the sourcing requirements you will have to read the Inflation Reduction Act itself. The general notion is that we want the batteries and components to mostly be American Sourced Or Made.
Mar 14, 2023 5:00 PM
402 Comments
Joined Dec 2004
brutalMar 14, 2023 5:00 PM
402 Comments
Quote from iamjpad :
You can find out a lot more about it from this detailed breakdown on the IRA 2022
https://www.kiplinger.com/taxes/6...22-changes


Applause this is going to turn some heads.
Starting 2024, you can take the credit at the time of purchase.
"Another new rule is that if you're buying a clean vehicle, you will have the option, beginning in 2024, to take the EV tax credit as a discount at the time you purchase the vehicle. Essentially, you would be transferring the credit to the dealer, who would be able to lower the price of the vehicle by the amount of the credit."

"The IRS expects to release rules for the sourcing requirement in March 2023."

The IRS has until the end of Mar 2023 to issue that guidance, hence why everyone said things will change by the end of march. In all honestly they could issue the guidance today or tomorrow and it will be effective from that issue date unless the IRS itself puts a different date on the guidance which they also can

If you really want to dive deeper into the sourcing requirements you will have to read the Inflation Reduction Act itself. The general notion is that we want the batteries and components to mostly be American Sourced Or Made.
Thanks for this detailed clarification and the links! Smilie
Mar 14, 2023 5:01 PM
96 Comments
Joined Aug 2009
hippagunMar 14, 2023 5:01 PM
96 Comments
helpful

Quote from tommyvelocity :
Reposting from a previous post:
I would suggest the otrifowd mats. They have the full sets. Also their trunk bins fit perfectly. Minor complaint on the mats as seen in the first pic below. Second picture is for the bins with cover - they fit my MYLR5 perfectly and look OEM.

https://imgur.io/a/yuv7MXR
https://imgur.io/a/UZrmKOh

Other items to pick up:
- Matte screen protector for glare and easy fingerprint cleanup (went with spigen on Amazon)
- console tray (also went with spigen on Amazon)
- car jack puck in case the tire center/garage doesn't have them to lift your Tesla (Tesla Model 3, Y, S, X Lifting Jack pad - 4 Pack https://a.co/d/jjWoMs4)

Websites that I've used for other various stuff:

https://www.rpmtesla.com/pages/model-y

https://evpartsonline.com/collect...odel-y-all

https://tesbros.com/collections/t...ccessories
Mar 14, 2023 5:03 PM
1.7K Comments
Joined Aug 2003
tommyvelocityMar 14, 2023 5:03 PM
1.7K Comments
Quote :
Quote from iamjpad :
You can find out a lot more about it from this detailed breakdown on the IRA 2022
https://www.kiplinger.com/taxes/6...22-changes [kiplinger.com]


this is going to turn some heads.
Starting 2024, you can take the credit at the time of purchase.
"Another new rule is that if you're buying a clean vehicle, you will have the option, beginning in 2024, to take the EV tax credit as a discount at the time you purchase the vehicle. Essentially, you would be transferring the credit to the dealer, who would be able to lower the price of the vehicle by the amount of the credit."

"The IRS expects to release rules for the sourcing requirement in March 2023."

The IRS has until the end of Mar 2023 to issue that guidance, hence why everyone said things will change by the end of march. In all honestly they could issue the guidance today or tomorrow and it will be effective from that issue date unless the IRS itself puts a different date on the guidance which they also can

If you really want to dive deeper into the sourcing requirements you will have to read the Inflation Reduction Act itself. The general notion is that we want the batteries and components to mostly be American Sourced Or Made.
iamjpadYou can find out a lot more about it from this detailed breakdown on the IRA 2022
https://www.kiplinger.com/taxes/6...22-changes [kiplinger.com]


this is going to turn some heads.
Starting 2024, you can take the credit at the time of purchase.
"Another new rule is that if you're buying a clean vehicle, you will have the option, beginning in 2024, to take the EV tax credit as a discount at the time you purchase the vehicle. Essentially, you would be transferring the credit to the dealer, who would be able to lower the price of the vehicle by the amount of the credit."

"The IRS expects to release rules for the sourcing requirement in March 2023."

The IRS has until the end of Mar 2023 to issue that guidance, hence why everyone said things will change by the end of march. In all honestly they could issue the guidance today or tomorrow and it will be effective from that issue date unless the IRS itself puts a different date on the guidance which they also can

If you really want to dive deeper into the sourcing requirements you will have to read the Inflation Reduction Act itself. The general notion is that we want the batteries and components to mostly be American Sourced Or Made.
​One caveat on the upcoming guidancet: sourcing of minerals can be from country that has free trade agreement with US.
  • battery components must be produced or manufactured in North America
  • critical minerals used for the vehicle must be extracted, processed, and/or recycled domestically or in a country the U.S. has a free trade agreement with, with the minimum percentage increasing annually." https://ustr.gov/trade-agreements...agreements

Mar 14, 2023 5:08 PM
605 Comments
Joined Aug 2007
GaSiTinhMar 14, 2023 5:08 PM
605 Comments
I got VIN number for my MYLR, which has delivery dated March 21-28.
I'd like to revise the purchase order to use a car loan from Sea Air FCU (instead of cash when first I placed the order). I have to have the revised purchase order for the SAFCU to process the car loan.

I've tried to call Tesla CS#: 888-518-5752 couple times and left messages since couldn't reach a human contact. I also emailed to [email protected] but have not heard any thing back for a weeks already.

Seems like Tesla customer service is non-existing. Does anyone know how to contact Tesla please please tell me? TIA

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Mar 14, 2023 5:17 PM
3K Comments
Joined Dec 2011
hbsjrMar 14, 2023 5:17 PM
3K Comments
Quote from junkpromo :
Is the price before or after the price increase?
Model Y
$39,990.00
Midnight Silver Metallic
$1,000.00
Long Range All-Wheel Drive
$13,500.00
Destination Fee
$1,390.00
Order Fee
$250.00
Car Price
$56,130.00
Mar 14, 2023 5:19 PM
3K Comments
Joined Dec 2011
hbsjrMar 14, 2023 5:19 PM
3K Comments
Quote from BrokePanda :
Transfer of ownership is not possible.
Oh.. didnt know that transfer of ownership isnt possible. Do you have link or FAQ about it. Thanks
Mar 14, 2023 6:15 PM
3.9K Comments
Joined Mar 2013
vksduserMar 14, 2023 6:15 PM
3.9K Comments
Quote from chucktaylur :
My trade in offered expired yesterday. I texted the 508 number asking how to update the offer since I dont see an option in the app. I got a response asking me to complete my insurance details by text. I also received an email asking me to ''Prepare for your delivery by providing details in the insurance task. Complete your pre-delivery tasks in the Tesla app.'' I dont even have a delivery date yet, how can I add insurance?
you can submit trade-in offer again.
you don't have to complete Insurance details until your VIN and delivery date is confirmed.
Mar 14, 2023 6:17 PM
41 Comments
Joined Nov 2013
falxoriMar 14, 2023 6:17 PM
41 Comments
Quote from GaSiTinh :
I got VIN number for my MYLR, which has delivery dated March 21-28.
I'd like to revise the purchase order to use a car loan from Sea Air FCU (instead of cash when first I placed the order). I have to have the revised purchase order for the SAFCU to process the car loan.

I've tried to call Tesla CS#: 888-518-5752 couple times and left messages since couldn't reach a human contact. I also emailed to [email protected] but have not heard any thing back for a weeks already.

Seems like Tesla customer service is non-existing. Does anyone know how to contact Tesla please please tell me? TIA
Call the Tesla location where you're planning to pick up directly. I've revised my PO 3-4 times and they did it on the spot (updated on the website in 10-15 minutes
Mar 14, 2023 6:23 PM
41 Comments
Joined Nov 2013
falxoriMar 14, 2023 6:23 PM
41 Comments
Finally managed to get a hold of someone at Tower FCU, after 2 weeks of trying. Managed to finalize and get the check sent directly to Tesla directly. Was definitely a painful process with them, but happy with the <3% rate…
Luckily(?) Tesla had to send my car to the body shop to fix a dent, which delayed delivery by a week and gave me a few more days to deal with Tower FCU.
To quote a great man, I love it when a plan comes together…
Mar 14, 2023 6:35 PM
210 Comments
Joined Nov 2015
BrentBurnzMar 14, 2023 6:35 PM
210 Comments
Sorry this was probably asked before, but I just spoke to my Accountant for this year's taxes and mentioned my Tesla Y purchase for next year's tax purposes. (I bought a Tesla Y in February 2023)

He mentioned how I need to get a paper from Tesla verifying the purchase in order to claim the 7500 Federal rebate. Has anyone managed to get this from their Tesla dealer yet?
Mar 14, 2023 6:54 PM
201 Comments
Joined Nov 2016
sm1907Mar 14, 2023 6:54 PM
201 Comments
Quote from iamjpad :
you could just offer it to someone else on here and see if there any takers.
If it is before the price increase you'll get some takers.
Currently there seems to be a ton of LR showing up, even though many people on here are complaining of delayed delivery, like someone else said here, it seems that the high price ones are being prioritized unfortuanately.
I have the VIN Assigned and delivery before March 31. Any takers in NC

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Mar 14, 2023 6:56 PM
605 Comments
Joined Aug 2007
GaSiTinhMar 14, 2023 6:56 PM
605 Comments
Quote from falxori :
Call the Tesla location where you're planning to pick up directly. I've revised my PO 3-4 times and they did it on the spot (updated on the website in 10-15 minutes
Just got done as advised,
Thank you so much.

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