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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)
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

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1.5K Comments

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Apr 6, 2024 11:14 PM
1.4K Comments
Joined Dec 2009
EliteZagsApr 6, 2024 11:14 PM
1.4K Comments
Model S is the only attractive looking Tesla

Worst to best:

Y (like driving an egg)
Truck
3 (as meh as can be)
X
S
8
Apr 6, 2024 11:14 PM
46 Comments
Joined Nov 2021
srikp1Apr 6, 2024 11:14 PM
46 Comments
Does Tesla allow business lease with 30k + miles per annum?
Apr 6, 2024 11:19 PM
2.4K Comments
Joined Nov 2005
minghiApr 6, 2024 11:19 PM
2.4K Comments
Quote from FrankN3279 :
My off peak charging is 6c/Kw hour in MN
That might be just the generation portion of your bill. How about the transmission/distribution costs? Should be close to 8c
Pro
Apr 6, 2024 11:26 PM
2.8K Comments
Joined Nov 2010
TACO_Trader
Pro
Apr 6, 2024 11:26 PM
2.8K Comments
A few things that a lot of buyers don't consider are the cost of tires. Tires wear out faster because of the weight and acceleration of the car. Put cheap tires on and you lose driving range and it shortens the mileage life and increases the road noise . Your insurance liability might be going up soon. The government and the insurance company's are looking into the damage that a 10k lb vehicle causes in vehicle to vehicle collisions. Study's are showing that personal injury and property loss are higher in crashes involving ev vehicles.
Last edited by MasterRigger April 6, 2024 at 04:29 PM.
1
3
Apr 6, 2024 11:41 PM
84 Comments
Joined Jan 2022
SociableSeed594Apr 6, 2024 11:41 PM
84 Comments
Quote from Knightshade :
This is not correct,you do not need $7500 in tax liability if you take the credit at point of sale, but then find you have less than $7500 in liability when you file taxes. The IRS will not claw back any difference.


https://www.irs.gov/newsroom/topi...les-credit [irs.gov]
Last I read Tesla was not doing POS because they aren't a "dealer."
Apr 6, 2024 11:42 PM
709 Comments
Joined Feb 2018
DealFreak1Apr 6, 2024 11:42 PM
709 Comments
Let me know if someone is planning to buy 😊
1
Apr 6, 2024 11:48 PM
161 Comments
Joined Apr 2014
JakeF2980Apr 6, 2024 11:48 PM
161 Comments
Have a feeling there is going to be a firesale on EVs. Government injected a ton of money into a product nobody wants and now they are all going tits up. Tesla will probably be OK but the rest are dying off left and right.
1

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Apr 6, 2024 11:59 PM
3.6K Comments
Joined Aug 2006
RussellJohnsonApr 6, 2024 11:59 PM
3.6K Comments
Quote from MasterRigger :
A few things that a lot of buyers don't consider are the cost of tires. Tires wear out faster because of the weight and acceleration of the car. Put cheap tires on and you lose driving range and it shortens the mileage life and increases the road noise . Your insurance liability might be going up soon. The government and the insurance company's are looking into the damage that a 10k lb vehicle causes in vehicle to vehicle collisions. Study's are showing that personal injury and property loss are higher in crashes involving ev vehicles.
"EV vehicles" = electric vehicle vehicles
2
1
Apr 6, 2024 11:59 PM
334 Comments
Joined Jun 2015
ChlamberApr 6, 2024 11:59 PM
334 Comments
A model Y long range from inventory starts at $37,490 after $7500 point of sale tax credit. It was $36,090 two months ago yet there were no articles written about it. Why do I see so many now when the price is actually higher?
Apr 7, 2024 12:01 AM
2.5K Comments
Joined Dec 2010
roberthhidApr 7, 2024 12:01 AM
2.5K Comments
Unsold inventory is at a record high so prices will drop even further.
Apr 7, 2024 12:01 AM
177 Comments
Joined Aug 2020
FancyScene4255Apr 7, 2024 12:01 AM
177 Comments
Does anyone know for sure if the 7500 tax credit is immune from the AMT? I've been bitten by that before and it really sucks!
Apr 7, 2024 12:01 AM
334 Comments
Joined Jun 2015
ChlamberApr 7, 2024 12:01 AM
334 Comments
Quote from lesns2001 :
Once they hit $35K for a Long Range Model Y I'll be in!
It was $36,090 just this past February. Almost.
Apr 7, 2024 12:03 AM
177 Comments
Joined Aug 2020
FancyScene4255Apr 7, 2024 12:03 AM
177 Comments
Quote from roberthhid :
Unsold inventory is at a record high so prices will drop even further.
US Corporations will dump stuff in a landfill before they firesale inventory and sacrifice next quarter's profits... Think Apple Lisa/Macintosh...
1
Apr 7, 2024 12:10 AM
196 Comments
Joined Dec 2013
demigoApr 7, 2024 12:10 AM
196 Comments
Quote from Chlamber :
A model Y long range from inventory starts at $37,490 after $7500 point of sale tax credit. It was $36,090 two months ago yet there were no articles written about it. Why do I see so many now when the price is actually higher?
It doesn't make sense to subtract the 7500 credit from the price of the car. The POS credit, if applicable, applies after the taxes are added up to the total price. So the effective credit we get is 7500 derated by the taxes.

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Apr 7, 2024 12:10 AM
76 Comments
Joined Aug 2017
chisss1Apr 7, 2024 12:10 AM
76 Comments
Quote from JollyHome539 :
This feels like we are in China now. Good job Slickdeals.
Nobody is forcing u to be here. 🤷🏻 ♂️

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