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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It's obviously not a direct comparison but with ICE vehicles, there's typically a $10K-ish bump to move up to the more (A4 to S4 or BMW 328 to m340i). You'll usually get worse mileage moving up to the bigger engine in an ICE car. There's also usually a few grand add on to move to AWD.
In short, you get a LOT of value with that extra $4500.
We left the next day, despite original plans of camping all weekend.
Then as long as you weren't over the income cap that's it. If you were the IRS will add $7500 to your tax bill for the year.
We know it WON'T offer a $7500 tax credit.
Dude.
It literally DOES says that.
I was directly quoting what it says in the IRS rules
There isn't though.
I literally quoted the IRS guidance that just was published a couple days ago, and it's quite clear.
They will not claw back overpayments if your tax burden is under $7500.
You don't need a youtube video for that, you can just read the literal IRS rule I quoted.
That's... not how any of that works.
Tesla doesn't "pay" anybody $7500. Tesla GETS $7500 from the IRS and takes that off the amount they charge you.
Tesla still gets the same total # of dollars, just $7500 of it comes from the IRS.
I already covered that-- unless they change battery sourcing, or homologate differently, the LFP RWD models likely will lose $3750 of the credit, it's POSSIBLE the LR Model 3 will unless they switch those back to US made 2170s instead of China made ones.
The rest should keep the $7500 (as would cybertruck) since they all use US or Japanese cells.
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It's obviously not a direct comparison but with ICE vehicles, there's typically a $10K-ish bump to move up to the more (A4 to S4 or BMW 328 to m340i). You'll usually get worse mileage moving up to the bigger engine in an ICE car. There's also usually a few grand add on to move to AWD.
In short, you get a LOT of value with that extra $4500.
I suspect Model Y RWD buyers could be budget throttle-steer fans. It's a platform for every level of experience - in stock form and with the MPP Party Box. Note I did not include "Dyno Mode". Just don't go there.
Normally, even a "weak" single e-motor RWD would be a challenge with all that bottom-end torque, but the stock firmware (since Roadster development) calculates lateral Gs, measures wheelspin, preventing spinouts- at _all traction levels, including ice/snow.
The real performance value point (track/street-able) would be a Tesla (Model 3) with dual 980 motors, Ingenext / Ghost module as part of the mod kit (suggested) by "Spec Tesla".
https://www.topspeed.co
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.
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