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expiredxTorquEx posted Apr 5, 2024 5:46 PM

2024 Tesla Model Y + $7,500 Federal Tax Credit

$40,490

$44,990

10% off
(For Qualified Buyers)
1,478 Comments
1M Views
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Deal Details
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member xTorquEx for finding this deal.

Available models:
  • Tesla Model Y (Standard Range) from $40,490
  • Tesla Model Y (Long Range) from $44,990
  • Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140

Editor's Notes

Written by megakimcheelove | Staff
  • 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.
  • 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 xTorquEx
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member xTorquEx for finding this deal.

Available models:
  • Tesla Model Y (Standard Range) from $40,490
  • Tesla Model Y (Long Range) from $44,990
  • Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140

Editor's Notes

Written by megakimcheelove | Staff
  • 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.
  • 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 xTorquEx

Community Voting

Deal Score
+310
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Top Comments

Autumn
49.7KComments
5.1KReputation
Ok look...

There's a pattern with Tesla threads here. I don't care if you all wanna discuss the deal or the cars but it always turns into paaaages and paaaages of bickering back and forth and nobody ,except for the few involved, enjoy that or wanna wade through that. So cut that stuff out, please and thank you.
Go to Comment
AhmadH1772
8Comments
10Reputation
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
Go to Comment
BrettL5675
565Comments
61Reputation
FYI just because it says "New" doesn't mean it qualifies for the 7500 tax credit. Demo models are new but do not qualify for 7500. If the specific inventory item qualifies it will directly say it on the site.
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1.5K Comments

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Apr 5, 2024 6:31 PM
1.8K Comments
Joined Nov 2017
FookNoeApr 5, 2024 6:31 PM
1.8K Comments
Quote from SonofZeus :
"New" means: never titled/full factory warranty.
It's always been this way in car world.
PSA: if you want this brand, lease it with no money down.
Yup! You'll see rental cars at dealerships marked as new. They are usually used when a customers car is in for service. They sign a contract to bring it back in one piece. Then typically the dealership brings it out from rental after x miles and before reaching the max. So it could've been used by several different people during the rental program. Then the dealership usually discounts it further and marks it new. It has all the warranty and what not. The only fear is you don't know what people have done to it. There could be small cosmetics things that the dealership missed.
3
7
Apr 5, 2024 6:33 PM
268 Comments
Joined Sep 2011
Andrew025Apr 5, 2024 6:33 PM
268 Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
You can get the credit if you have a "business" as well
1
1
Apr 5, 2024 6:37 PM
426 Comments
Joined Jun 2009
221bApr 5, 2024 6:37 PM
426 Comments
As others said it was cheaper last month with charging credits. If you can wait you'll get a better deal. Especially with news reports that ev sales slowing, I'm guessing they will finally drop it back to precovid prices soon with low demand and glut of supply with their dynamic pricing model, and they definitely have margin to go back to $40k model y pricing.imho
Apr 5, 2024 6:38 PM
1.6K Comments
Joined Mar 2008
gemniii42Apr 5, 2024 6:38 PM
1.6K Comments
Quote from AhmadH1772 :
I bought March 28 lol.
The closer we get to Juniper, the better.
Juniper???
2
Apr 5, 2024 6:39 PM
450 Comments
Joined Mar 2012
DC13Apr 5, 2024 6:39 PM
450 Comments
HAHAHAH yet people were saying "Price will go up April 1st" SCAM
13
Apr 5, 2024 6:41 PM
2.4K Comments
Joined Jul 2006
abstraxionApr 5, 2024 6:41 PM
2.4K Comments
Still happy about my $29k (post tax credit, no sales tax state) Model 3 RWD purchase in Dec 2023. It feels like a sports car to me and it costs about the same as a Corolla.
1
12
Apr 5, 2024 6:44 PM
90 Comments
Joined May 2013
daweyoApr 5, 2024 6:44 PM
90 Comments

Our community has rated this post as helpful. If you agree, why not thank daweyo

For those who want to know, I would wait for this version to have an LFP battery if you have been on the fence. The major difference is this technology allows you to recharge to the full 100%, oftentimes only needing to charge once a week.Once you get a Tesla, most people will say you should not charge it past 80% to prolong the battery, but that is for the NMC batteries. I found it strange all the talk on charging the battery when I first bought my Tesla, and that majority users were only charging 80% since you now have reduced range and will have to charge more frequently. Charging more frequently leads to more charge cycles, and it was all exhausting reading everything. This being said, once the LFP batteries come to the Model Y in the US, they will probably not be eligible for the tax credit because the batteries are made in China, and brings the percent of the car made in America less than the required threshold. Either way, in my opinion, I would rather have the LFP battery than is recommended to charge to 100% versus one that recommends 80%, severely limiting the advertised distance of the EV for weekly use.
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Apr 5, 2024 6:44 PM
565 Comments
Joined Aug 2013
BrettL5675Apr 5, 2024 6:44 PM
565 Comments

Our community has rated this post as helpful. If you agree, why not thank BrettL5675

FYI just because it says "New" doesn't mean it qualifies for the 7500 tax credit. Demo models are new but do not qualify for 7500. If the specific inventory item qualifies it will directly say it on the site.
5
2
Apr 5, 2024 6:44 PM
450 Comments
Joined Mar 2012
DC13Apr 5, 2024 6:44 PM
450 Comments

Our community has rated this post as helpful. If you agree, why not thank DC13

These vehicles that are at this particular price DO NOT qualify for the federal tax credit. I looked up and down the inventory page and these DO NOT have the "7500 federal tax credit" badge.

2
9
Apr 5, 2024 6:45 PM
1.5K Comments
Joined Apr 2017
Undefined.nullApr 5, 2024 6:45 PM
1.5K Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
Start a business and spend tons of money on the business, if you get a big enough loss it might just make you qualify!
1
Apr 5, 2024 6:46 PM
52 Comments
Joined Sep 2019
MadOxApr 5, 2024 6:46 PM
52 Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
I could grant you your wish by taking some of that 💰 off your hand so you could be poorer.😉
2
5
Apr 5, 2024 6:52 PM
2.3K Comments
Joined Oct 2008
flightxxxApr 5, 2024 6:52 PM
2.3K Comments
im expecting 10k to 15k price cuts on the X and S, this price on Y has been the same for last few months
2
Apr 5, 2024 6:54 PM
542 Comments
Joined Mar 2007
kipper99Apr 5, 2024 6:54 PM
542 Comments
Quote from BrettL5675 :
FYI just because it says "New" doesn't mean it qualifies for the 7500 tax credit. Demo models are new but do not qualify for 7500. If the specific inventory item qualifies it will directly say it on the site.
Yep, those are demo 2023 RWD, they don't qualify for a tax credit in 2024, be careful.
3
Apr 5, 2024 6:59 PM
1.4K Comments
Joined Jul 2007
euuser230056Apr 5, 2024 6:59 PM
1.4K Comments
Quote from 221b :
As others said it was cheaper last month with charging credits. If you can wait you'll get a better deal. Especially with news reports that ev sales slowing, I'm guessing they will finally drop it back to precovid prices soon with low demand and glut of supply with their dynamic pricing model, and they definitely have margin to go back to $40k model y pricing.imho

Exactly. Bizarre that this price increase it getting voted up. Elon must have tipped SDs a wad.
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Apr 5, 2024 7:00 PM
4K Comments
Joined May 2013
MoisesA7010Apr 5, 2024 7:00 PM
4K Comments
same as back towards end of last year. Tesla raised the price for the Y and then did these inventory discount. not much has changed.

I still feel bad for those who bough in 22. Model y Performance were $70K+ and people bought it without hesitation and a smile thinking cars would continue to appreciate. Overnight people learned they got bent over and used for $20-30K
1

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