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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)
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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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1.5K Comments

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Apr 5, 2024 10:38 PM
130 Comments
Joined Nov 2018
SeriousFlower506Apr 5, 2024 10:38 PM
130 Comments
I thought about a Tesla until I looked at insurance rates and estimated damage repair costs.
I think they are fine vehicles but the math doesn't shake out for my use case.
I do appreciate the fact Tesla lowering their prices has forced the other brands to lower theirs. The entry price on some of these EV's is just ludicrous.
Apr 5, 2024 10:42 PM
228 Comments
Joined Dec 2006

This comment has been rated as unhelpful by Slickdeals users.

Apr 5, 2024 10:49 PM
450 Comments
Joined Mar 2012
DC13Apr 5, 2024 10:49 PM
450 Comments
Quote from youisjr :
People will look back on this and regret not purchasing… especially with FSD 12.
Anyone who has purchased "FSD" has been ripped off beyond belief. Junk scam that'll literally kill you and people around you.
1
5
Apr 5, 2024 10:54 PM
1.9K Comments
Joined Oct 2006
hpdwApr 5, 2024 10:54 PM
1.9K Comments
Quote from RumbleTheBison :
Wild how something that may have 2500 miles on it is filtered as "new"
Because you are the 1st owner other than Tesla. So it could be a demo car but it's considered new.
Apr 5, 2024 10:55 PM
450 Comments
Joined May 2009
DL_Apr 5, 2024 10:55 PM
450 Comments
Quote from kornpopz :
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.

That's interesting, I was under the impression you would have to pay it back if you didn't qualify. What if you exceed the income limits?
Apr 5, 2024 10:58 PM
1.9K Comments
Joined Oct 2006
hpdwApr 5, 2024 10:58 PM
1.9K Comments
Quote from GreenStraw720 :
Looks like some demo cars are being sold and those are considered new but most of the ones I've looked at through the link, have less than 100 miles on them. It's weird that demo cars are being sold for the same price, though.
Because your warranty starts with x miles. So from warranty standpoint you are not losing out but from used car value standpoint, you lost value.
Apr 5, 2024 10:59 PM
8.3K Comments
Joined Jan 2007
dadabApr 5, 2024 10:59 PM
8.3K Comments
Quote from Roy2001 :
$7200 off for Y in CA.
7200 and not 7500? I don't get it.

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Apr 5, 2024 11:06 PM
8.3K Comments
Joined Jan 2007
dadabApr 5, 2024 11:06 PM
8.3K Comments
It'd be nice if CA brings back their state incentive too.
1
Apr 5, 2024 11:07 PM
73 Comments
Joined Sep 2007
txcoupeeApr 5, 2024 11:07 PM
73 Comments
Quote from hpdw :
Because your warranty starts with x miles. So from warranty standpoint you are not losing out but from used car value standpoint, you lost value.
Watch out for demo as warranty starts when Tesla put them in service. You may lose 1-2 months overall.
Apr 5, 2024 11:10 PM
215 Comments
Joined Nov 2020
LivelyManatee4450Apr 5, 2024 11:10 PM
215 Comments
Quote from dadab :
7200 and not 7500? I don't get it.
$7200 for Model Y RWD from Tesla, after $7500 tax credit the price is $30.3k, lower than a base RAV4 LE if you can find one even without markup.
Last edited by LivelyManatee4450 April 5, 2024 at 04:13 PM.
Apr 5, 2024 11:14 PM
215 Comments
Joined Nov 2020
LivelyManatee4450Apr 5, 2024 11:14 PM
215 Comments
Quote from txcoupee :
Watch out for demo as warranty starts when Tesla put them in service. You may lose 1-2 months overall.
You can ask Tesla to change it. For $5000-$7200 off, 1-2 month warranty and 2500 miles are definitely acceptable to me.
Apr 5, 2024 11:14 PM
17 Comments
Joined Feb 2017
sight230kApr 5, 2024 11:14 PM
17 Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
Cancel your OF account and get a real job. Problem solved.
4
1
Apr 5, 2024 11:17 PM
215 Comments
Joined Nov 2020
LivelyManatee4450Apr 5, 2024 11:17 PM
215 Comments
Quote from youisjr :
Ok buddy, I have it. You clearly don't because of this ignorant comment. It's next level but I wouldn't expect you to understand that.
Tried FSD for 5 days, IMO Tesla should pay me to test FSD for them, what a joke.

I salute to Tesla fans to pay tens of thousands of dollars to test for Tesla, real cult.

Sorry offending if you are, I bought a new X/. But my comment is based on my unbiased opinion.

5
Apr 5, 2024 11:25 PM
151 Comments
Joined Dec 2005
pfreezeApr 5, 2024 11:25 PM
151 Comments
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
That would be me……bought our MYP Jul '22 for quick delivery after watching gas prices start to hike that summer in CA.

Fast forward to early 2023 and watched that $20-$30K fly out the door.

I can't complain about the car itself…a fun drive for sure. I can complain that the continual PG&E rate hikes (to cover CA wildfire payouts) drove my monthly home charging cost through the roof.

When I saw that Hertz off-loaded their entire Tesla fleet a few months ago, I decided to get something for mine while I still could.

Leased an ID4 with free 3 year charging. Where I live, the EA network is mostly reliable, although never as seamless as the Tesla Superchargers. VW gave us just enough $$$ to payoff our Tesla loan. I saw that they ended up selling it for that same price two months later.

I'll wait to see how the EV market stabilizes over the next three years before taking a next step. I'll be watching the Dodge Ramcharger PHEV to see if the range is as predicted.

I see more and more teslas out there for sure. It struck me as a good car. HOWEVER, after my Tesla experience I always look behind me before I bend over! 😝😝
2
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Apr 5, 2024 11:32 PM
215 Comments
Joined Nov 2020
LivelyManatee4450Apr 5, 2024 11:32 PM
215 Comments
Quote from pfreeze :
That would be me……bought our MYP Jul '22 for quick delivery after watching gas prices start to hike that summer in CA.

Fast forward to early 2023 and watched that $20-$30K fly out the door.

I can't complain about the car itself…a fun drive for sure. I can complain that the continual PG&E rate hikes (to cover CA wildfire payouts) drove my monthly home charging cost through the roof.

When I saw that Hertz off-loaded their entire Tesla fleet a few months ago, I decided to get something for mine while I still could.

Leased an ID4 with free 3 year charging. Where I live, the EA network is mostly reliable, although never as seamless as the Tesla Superchargers. VW gave us just enough $$$ to payoff our Tesla loan. I saw that they ended up selling it for that same price two months later.

I'll wait to see how the EV market stabilizes over the next three years before taking a next step. I'll be watching the Dodge Ramcharger PHEV to see if the range is as predicted.

I see more and more teslas out there for sure. It struck me as a good car. HOWEVER, after my Tesla experience I always look behind me before I bend over! 😝😝
If you charge at home with PG&E, your price would be about 50 cents per kWh, your cost per mile is 16 cents. Suggest you look around for super charging. My Tesla super charge station costs 14 cents per kWh after 8pm. Even peak is just 29 cents ,way lower than PG&E.

Without solar, PG&E charge cost is higher than gas.
1

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