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frontpage Posted by krispytreat007 • Jun 2, 2023
frontpage Posted by krispytreat007 • Jun 2, 2023

2023 Tesla Model 3 w/ 3 Months Supercharging + $7500 Federal Tax Credit

(For Qualifying Buyers)

from $37830

$40,240

1,793 Comments 922,889 Views
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Deal Details
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007

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Top Comments

Eagles89
5963 Posts
786 Reputation
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
scn312
168 Posts
65 Reputation
Tesla Model 3 RWD starts at $40,240 but is now eligible for the full $7,500 federal tax credit (income limits apply). Previously, it was only eligible for $3,750. This makes the starting price $32,740 after tax credit.

https://www.tesla.com/model3/design

Deal is even sweeter if you live in a state with additional credits:

VT: $26,320
MA: $26,830
PA: $27,330
RI: $27,820
DE: $27,820
NY: $28,320
CA: $28,330
CO: $28,330
CT: $29,030
ME: $29,320

Full tax credit details below, but the following income limits apply:

$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers

https://www.irs.gov/credits-deduc...3-or-after
Knightshade
15329 Posts
4338 Reputation
NO IT DOES NOT.

Withholding is totally irrelevant to qualifying for the credit.

If you're unclear on this go read a 1040.

The part where you compute tax liability is lines 16 through 24.

THAT is where the $7500 EV credit comes off.

Your withholdings aren't even looked at until after that on line 25+







This is also not correct.

The Child Tax Credit is worth a maximum of $2,000 per qualifying child. Up to $1,600 is refundable for the 2023 tax year.

Refundable credits are computed AFTER non-refundable ones-- so the CTC is only "worth" $400 off your tax burden for these purposes- the $1600 left is refundable.

Thus if you had say $7900 in tax burden and one CTC and one EV credit, your tax burden would go to $0 and you'd get a full refund of the $1600 refundable part of the CTC


Source:
https://www.nerdwallet.com/articl...tax-credit

1,792 Comments

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Jun 4, 2023
1,207 Posts
Joined Nov 2020
Jun 4, 2023
mattymsu25
Jun 4, 2023
1,207 Posts
Quote from StankNasty411 :
Nope.

Metal shortages. Go read up on auto manufacturers panicking to buy up supply streams from miners. They haven't done that since Henry Ford.

Go read up on old EVs and battery replacements. The argument today is EV range anxiety is a thing of the past. That means EV batteries are more efficient today. So they aren't making old EV batteries. So yes, it's absolutely true you showing up with a decade old EV requesting a battery, dealers have a hard time locating them because they aren't being made. It's old technology.

You can't have it both ways. You can't say battery tech has advanced while also arguing it's debunked that finding a battery for an old EV is easy. They're not being manufactured!
Uh huh.
1
Jun 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from TheFlyingAfrican :
So what people tend to miss in statistics is frequency vs impact.
Sure ICE fires might be more frequent (on a total number of cars basis) but they are also a lot easier to extinguish.
So nuclear weapon use is statistically extremely low chance if happening, yet we worry about it because of the impact of even a single nuclear exchange
Exactly.

A trivial ICE fire is classified as an ICE fire. Most ICE fires are contained to one part of the car. Every EV fire engulfs the car.

These people don't seem to appreciate scale. An EV fire cannot be stopped. An ICE fire you see smoke, stop the car, and get everyone out and it's still smoking. An EV fire, if you have kids to unbuckle, will be entirely engulfed in flames within seconds.
1
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from StankNasty411 :
Yep, I do. Feel free to read up on copper mining. 20 years from discovery to a mine. And most production is in Peru and Chile. There's a reason why car manufacturers are buying production streams from miners: there's not enough metal.

Grid growth. That's hilarious. We're having energy emergencies with regularity. The first controlled blackouts in the history of the Great Plains occurred a couple years ago. Reason? Not enough power generation. Texas was 4 minutes and 22 seconds from cascading blackouts that would've taken weeks to restore.

That was with EVs being a negligible part of the auto market. You do realize electrical transformers "pop" in the summer due to hot temperatures and air conditioning load, right? Of course you had no idea. So if you add load by plugging in an EV, that's going to further strain the distribution system.

So if a neighborhood with no EVs already has transformers under stress with a typical summer afternoon, why wouldn't that neighborhood have a bigger problem if 20% of the homes suddenly plugged in EVs?
Australia mega pack installation seem to be doing just fine. No brown out since that was installed. It's working out so well that they are adding more. Tesla mega pack are replacing CA peaked plant. So while your argument might be true but economical and being smarter human with some brain, you can pivot.
Jun 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from mattymsu25 :
Uh huh.
Go read up.

Headlines over the next decade will be routine. Production halted due to lack of metals.

Mining bottlenecks don't get resolved quickly. You can't just open a new mine. And most mines are in remote mountains; can only be accessed seasonally.

Oil scarcity is solved quickly. You can add new rigs and within weeks you have production increase. A mine doesn't work that way.
1
Jun 4, 2023
120 Posts
Joined Oct 2015
Jun 4, 2023
phils725
Jun 4, 2023
120 Posts
Quote from Eagles89 :
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
$250 order fee is applied to your purchase and is not in addition to the total cost. You don't need a wall charger AND a mobile charger. You only need one or the other. This is the case with any EV. Depending on your driving habits, the amount you'll save in gas vs electric will more than pay for your chargers a few times over each year.
3
Jun 4, 2023
2,812 Posts
Joined Dec 2014
Jun 4, 2023
remainders
Jun 4, 2023
2,812 Posts
Quote from LiBingBing :
Wait for 35K
Wait for 30k.
Jun 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from remainders :
Wait for 30k.
Wait for the 25k battery replacement cost.
1
3

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Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from StankNasty411 :
You must be really uninformed.
Granted that you don't like EV. My last comments about leaving your engine running in the garage . That was a joke. Don't do that. The carbon from engine ehaxuast can kill you. Please don't do that. It was a joke
Jun 4, 2023
120 Posts
Joined Oct 2015
Jun 4, 2023
phils725
Jun 4, 2023
120 Posts
Quote from Chi1983 :
This is probably the lowest the current Model 3 will go. The Model 3 is being refreshed, and the resell value of the older ones are going to drop. In California, people with lower income can get one for about $24k after all the incentives
Not really. When leaks were made on the new design, it lead to an increase in preorders for the current design. Newer is not always better. So far with EV's, Tesla or otherwise, the conventional ideology of vehicle depreciation has so far been too wild to predict.
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from StankNasty411 :
Wait for the 25k battery replacement cost.
Buy a new one for 32k. Why pay 25k for battery replacement?
1
Jun 4, 2023
865 Posts
Joined Jan 2014
Jun 4, 2023
flunder
Jun 4, 2023
865 Posts
Quote from emofals :
This or the Chevy EV? Difference of around $12000 worth it? Or saving of around $12000 might be realized?
With low confidence, I think it depends on how you use the car. Weather conditions (extreme temperatures are bad) at where you are and if you typically take long or short trips (battery temperature fluctuation due to usage). The battery temperature management on Tesla makes a big difference for expected range to be relatively steady and the battery degrades less. That said, investment return of 5% compounds over 10 years for $12k makes the opportunity cost ~$20k over time.
Jun 4, 2023
1,242 Posts
Joined Dec 2015
Jun 4, 2023
FishKilla
Jun 4, 2023
1,242 Posts
Quote from StankNasty411 :
Nope.

Metal shortages. Go read up on auto manufacturers panicking to buy up supply streams from miners. They haven't done that since Henry Ford.

Go read up on old EVs and battery replacements. The argument today is EV range anxiety is a thing of the past. That means EV batteries are more efficient today. So they aren't making old EV batteries. So yes, it's absolutely true you showing up with a decade old EV requesting a battery, dealers have a hard time locating them because they aren't being made. It's old technology.

You can't have it both ways. You can't say battery tech has advanced while also arguing it's debunked that finding a battery for an old EV is easy. They're not being manufactured!

Hey now. You know you are introducing way too much reality here for the Tesla fanbois
2
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from flunder :
With low confidence, I think it depends on how you use the car. Weather conditions (extreme temperatures are bad) at where you are and if you typically take long or short trips (battery temperature fluctuation due to usage). The battery temperature management on Tesla makes a big difference for expected range to be relatively steady and the battery degrades less. That said, investment return of 5% compounds over 10 years for $12k makes the opportunity cost ~$20k over time.
Bolt is discontinuing the model by end of yr. Nothing wrong with the bolt but a car where mfg is discontinuing does not instill confidence
Jun 4, 2023
1,112 Posts
Joined Nov 2004
Jun 4, 2023
aifan
Jun 4, 2023
1,112 Posts
Quote from StankNasty411 :
Oil scarcity is solved quickly. You can add new rigs and within weeks you have production increase. A mine doesn't work that way.
Not true at all because the USA isn't the sole provider of oil in the market. OPEC and Russia have a lot more impact collectively. Even if the USA ramps up oil production, OPEC has often cut production and bankrupted American producers because they control oil prices. At best, we can moderate some of the prices. Getting out of this broken and volatile petroleum cycle for transportation use is one of the best thing we could ever do as a society by not being so dependent on one system.

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Jun 4, 2023
5,740 Posts
Joined Mar 2004
Jun 4, 2023
supernoman
Jun 4, 2023
5,740 Posts
Quote from quickstart88 :
Bolt is discontinuing the model by end of yr. Nothing wrong with the bolt but a car where mfg is discontinuing does not instill confidence
Bolt is based on older platform. It'll be replaced with more popular body style on ultium platform with better margins. Seems like a good business decision.

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