https://www.tesla.com/modely/design#overview
Tesla Model Y
Dual Motor
All-Wheel Drive
Range: 330mi
Top Speed: 135 mph
0-60 mph: 4.8 seconds
Qualify for $7500 Federal Tax Credit with below income cap:
Adjusted Gross Income Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
QA Note: List Price Drop
Rear-Wheel Drive is $43,990
Dual Motor AWD Long Range is $48,490 Now $48,990
Extra Discount for already built ones, change to your zip code and check
https://www.tesla.com/inventory/n...&range=100
Please use
the referral link [ts.la] when you purchase one. Thank you!
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2,286 Comments
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Important to me:
Ride quality.
Quiet (least amount of road noise).
No shaking of panels.
Room.
Important to me:
Ride quality.
Quiet (least amount of road noise).
No shaking of panels.
Room.
Important to me:
Ride quality.
Quiet (least amount of road noise).
No shaking of panels.
Room.
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As of Jan 1 it changes in several ways already discussed in the thread, but the main points are:
Good changes:
Credit is now available at point/time of sale so acts like you gave the dealer $7500 more in cash as a downpayment when you take delivery
Credit is no longer limited by your tax liability, effectively making it refundable for folks who previously did not have enough tax liability to get the full benefit
Potentially bad change:
Some models/trims might have the credit reduced to $3750 due to using batteries sourced from China. There is no clear info on which ones FOR SURE, and Tesla could always change battery sourcing to adjust this some, but most likely to lose the extra $3750 would be the RWD/standard range 3 and Y, with the LR AWD 3 being next most likely.
NOT changing:
The income caps (150k single, 300k married filing jointly) remain in place, if you're over that (you get to use either the year you buy or the previous year whichever is better for you) then you get $0.00 in credit-- and if you took the $ as point of sale you will have to pay it back- possibly with penalties- when you file.
Important to me:
Ride quality.
Quiet (least amount of road noise).
No shaking of panels.
Room.
I have both a 3 LR and a Y. I personally enjoy driving the 3 better because (1) it's faster, and (2) I like being lower to the ground.
Given what is important to you:
Neither is going to be as quiet as a true luxury car, but neither is what I would describe as "loud", either. The panels seem to shake a little bit in the 3 but not the Y. The Y has more room.
See for example Tesla being unable to get the extra $3750 for a couple of months earlier this year. It was only by reallocating cells (and reallocating what cars were going to Canada), and also by homologating production using an alternative accounting method the IRA offered, they were able to retroactively get the SR cars back under the IRA limits.
And just as the IRS only a couple of days ago published their specific guidelines for how the POS rebate will work, there are still some unknows about how they will adjudicate the increased battery sourcing requirements happening Jan 1 right now.
On top of THAT the requirements that ARE published cite to the value of the materials going into the batteries needing to be a certain % from certain countries.
As the value of such commodities can vary a LOT, and Tesla has little direct control over that right now, it's possible eligibility could change with a large change in price on a given critical item going into the batteries (and pricing on some such materials have swung pretty wildly last year or two).... To the point Tesla back in May broke ground on a Lithium refinery in the US so they can not only increase their supply, they can start to get better control over price fluctuations of it.
So when Tesla says they're not sure, they're not. Nobody can be right now. They can make an educated guess of course.
Tesla loves this strategy of uncertainty to create a sense of urgency. They did it in Q4 of 2022 with the tax rebates as well.
There were no tax rebates in Q4 of 2022. The IRA kicked in Jan 1 2023 (and that date was well known in advance- but again the actual rules for it had not yet been published-- and in fact slipped several months INTO 2023, which is why a lot of extra cars were able to get the $7500 for the first few months and then suddenly went to $0 when the rules were published)
Further Tesla stated BEFORE that date they expected all their current cars to qualify-- which it turns out they did- but only after having to shuffle a number of things around AFTER the new guidelines were finally published. So they weren't playing any "we are not sure but we really are" games then either.
Is about the same as other comparable vehicles- as exhaustively covered here-including lots of actual owners citing little change from their previous similar-class car, and a story from Motor Trend where they directly priced it on comparable BMWs and found them about the same on every model except the X... though you might need to shop around a bit.
The only "IT IS SO EXPENSIVE" sources tend to be folks comparing the cost to the national average of insurance for ALL cars, which is... dumb? Why average things like a 15 year old corollas insurance when setting up that comparison?
As of Jan 1 it changes in several ways already discussed in the thread, but the main points are:
Good changes:
Credit is now available at point/time of sale so acts like you gave the dealer $7500 more in cash as a downpayment when you take delivery
Credit is no longer limited by your tax liability, effectively making it refundable for folks who previously did not have enough tax liability to get the full benefit
Potentially bad change:
Some models/trims might have the credit reduced to $3750 due to using batteries sourced from China. There is no clear info on which ones FOR SURE, and Tesla could always change battery sourcing to adjust this some, but most likely to lose the extra $3750 would be the RWD/standard range 3 and Y, with the LR AWD 3 being next most likely.
NOT changing:
The income caps (150k single, 300k married filing jointly) remain in place, if you're over that (you get to use either the year you buy or the previous year whichever is better for you) then you get $0.00 in credit-- and if you took the $ as point of sale you will have to pay it back- possibly with penalties- when you file.
Proposed §§1.25E-3(e)(1) and 1.30D-5(d)(1) would provide the Federal income
tax treatment of a vehicle transfer election as to an electing taxpayer. Specifically, the
proposed regulations provide that the amount of the clean vehicle credit an electing
taxpayer may transfer as part of a vehicle transfer election can exceed the electing
taxpayer's regular tax liability (as defined in section 26(b)(1) of the Code) for the taxable
year in which the sale occurs, and the excess amount, if any, generally is not subject to
recapture
Regardless, there is quite a bit of confusion, I think k it's just better to buy it before 12-31-23 if you know if you the tax liability this year.
We also don't know if Tesla will raise prices or take away discounts if they have to pay $7500 at point of sale .
Lastly, many models will not be eligible for full $7500, at least not initially .
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Your better off with a hybrid or ev hybrid for 10 years.
Telas are excellent when under warranty, a nightmare off warranty
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