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expiredxTorquEx posted Apr 05, 2024 05:46 PM
expiredxTorquEx posted Apr 05, 2024 05:46 PM

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

(For Qualified Buyers)

$40,490

$44,990

10% off
1,480 Comments 1,006,747 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

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Top Comments

Autumn
49505 Posts
5094 Reputation
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.
AhmadH1772
8 Posts
10 Reputation
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
BrettL5675
494 Posts
57 Reputation
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.

1,479 Comments

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Apr 05, 2024 09:34 PM
855 Posts
Joined Oct 2012
gusthegreekApr 05, 2024 09:34 PM
855 Posts
Anyone comment on leasing is it worth it ?
Apr 05, 2024 09:39 PM
50 Posts
Joined Oct 2011
morse1322Apr 05, 2024 09:39 PM
50 Posts

Our community has rated this post as helpful. If you agree, why not thank morse1322

I very much regret buying my y
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Apr 05, 2024 09:40 PM
552 Posts
Joined Nov 2022
BananaPeel09Apr 05, 2024 09:40 PM
552 Posts
Quote from Knightshade :
No, they don't.

The weight, the fact they tell you 100% charge is fine, and slower 0-60 all tell you it's an LFP battery that isn't software locked.

What would be the point in software locking a pack they only use in standard range vehicles?


Are you maybe confusing the current vehicle with the AWD 4680 one they were selling for a while but haven't sold recently?






You can get the credit via leasing, but can't buy it at the end.
The slower 0-60 is because it's a single motor. It does not recommend you charge to 100% (US made model Y, standard range).

The 2023 SR model Y qualified for the federal tax credit while the SR model 3 did not because the SR model Y isn't LFP (mineral sourcing requirements did not allow LFP vehicles to qualify)

Also with proper preconditioning, I've pulled over 200kW on a supercharger. LFP batteries would have topped off well under that at around 175kW

edit: https://youtu.be/D_cbVblbkuM?si=Lsm9RuioOAcCe2Tf
that's a concise video pointing to multiple details that correlate with the standard range model y having a software locked battery.

Software locking was done because it's cheaper than retooling a manufacturing line to fit a different battery in the same car. When I picked up my SR model Y, the service advisors also mentioned every model y comes badges as AWD and they need to manually remove the badge for SR trims. They also remove the parcel shelf for standard range model Y
Last edited by BananaPeel09 April 6, 2024 at 01:46 AM.
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Pro
Apr 05, 2024 09:42 PM
1,782 Posts
Joined Dec 2006
sychan
Pro
Apr 05, 2024 09:42 PM
1,782 Posts
If you are considering buying one later this year, they had been offering $1k discount to those who pre-ordered a Cybertruck in '23 (promo expired 3/31). I'm thinking of pre-ordering one now just in case they offer the promo again - only thing is you have to put down a refundable $250 deposit.
1
Apr 05, 2024 09:42 PM
7 Posts
Joined Nov 2019
LiberalsAreCancerApr 05, 2024 09:42 PM
7 Posts
Quote from gameking13 :
What are you guys talking about that it was cheaper last month? I am seeing in my area a long range with seven seats for only $45,000. I bought a couple of months ago for $3000 more and paste of weeks of watching, that was a great price at the time.
Yeah the MY Performance I was looking at last week was around 39,700. Now it's 40, 600. Still pretty good but not the price cut they're hyping it to be.
1
Apr 05, 2024 09:45 PM
6,683 Posts
Joined Feb 2014
gameking13Apr 05, 2024 09:45 PM
6,683 Posts
Quote from LiberalsAreCancer :
Yeah the MY Performance I was looking at last week was around 39,700. Now it's 40, 600. Still pretty good but not the price cut they're hyping it to be.
Huh that number must be after the $7500, right?
Apr 05, 2024 09:46 PM
18 Posts
Joined Sep 2015
AndyCowxApr 05, 2024 09:46 PM
18 Posts
Quote from MoisesA7010 :
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
Anyone who has sat in one, or driven one, should be able to tell that they're in a $35k vehicle and not a $70k vehicle to be fair.

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Apr 05, 2024 09:57 PM
602 Posts
Joined Jun 2014
tony310sApr 05, 2024 09:57 PM
602 Posts
Quote from BananaPeel09 :
The standard range model y's rated 260 mile range is a result of a software locked battery. In other words, the 260 miles is close to the recommended 80% charge already
correct me if i'm wrong but what your saying is the RWD 260 model y is safe to charge to 100%?
Apr 05, 2024 10:00 PM
552 Posts
Joined Nov 2022
BananaPeel09Apr 05, 2024 10:00 PM
552 Posts
Quote from tony310s :
correct me if i'm wrong but what your saying is the RWD 260 model y is safe to charge to 100%?
Yes. And I do charge my US-made SR model Y to 100% almost every time

And in general for EVs, the hit on battery longevity is typically from allowing the battery to remain at a high state of charge for a prolonged time or depleting it to empty. If you're charging a battery to a true full state but immediately driving it a good distance (think road trips), the degradation really is minimal
Last edited by BananaPeel09 April 5, 2024 at 04:04 PM.
1
Apr 05, 2024 10:00 PM
989 Posts
Joined Nov 2004
CJOApr 05, 2024 10:00 PM
989 Posts

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

Quote from drsnowmon :
The 260-mile range seems too short for people like me who travel 120 miles daily commute. If the weather is a factor, then realistically it's an even shorter range than that.
Yeah, that's a super long commute. Unless you have a way to charge at your work, may not be worth it. If you do have a way to charge, it would save you a ton in gas money
1
Apr 05, 2024 10:02 PM
9,521 Posts
Joined Aug 2003
ikonoklastApr 05, 2024 10:02 PM
9,521 Posts
Quote from morse1322 :
i very much regret buying my y
y????
3
2
Apr 05, 2024 10:10 PM
7 Posts
Joined Nov 2019
LiberalsAreCancerApr 05, 2024 10:10 PM
7 Posts
Quote from gameking13 :
Huh that number must be after the $7500, right?
Yes it includes the 7500. I wouldn't buy a new Tesla without that.
1
Apr 05, 2024 10:25 PM
1,078 Posts
Joined Oct 2004
kornpopzApr 05, 2024 10:25 PM
1,078 Posts

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

Quote from cheapodeal :
My son (16 year old) recently got license. Is it possible to buy car under his name (to quality for tax credit). I guess if I am the co-owner, we cannot get tax credit, is that right?
The new rule in 2024 is that the 7500 tax credit is applied at point of service. unlike in previous years, now you can get the 7500 discount on the car at time of sale and if you don't have tax liability, you still don't actually have to pay back the 7500. So yes, if you're 16-year-old is able to file taxes, regardless of income (even $0 income), he will be able to get the credit from Tesla when buying under his name.
1
Apr 05, 2024 10:35 PM
2,165 Posts
Joined May 2008
Roy2001Apr 05, 2024 10:35 PM
2,165 Posts
$7200 off for Y in CA.

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Apr 05, 2024 10:37 PM
118 Posts
Joined Nov 2018
SeriousFlower506Apr 05, 2024 10:37 PM
118 Posts
Quote from Autumn :
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.
No one wants to read a blood red on grey background scree either.
I can feel the migraine coming on.
5
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