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

$40490
$44,990.00
(For Qualified Buyers)
+311 Deal Score
958,041 Views
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
Good Deal?

Original Post

Written by
Edited April 5, 2024 at 11:26 AM by
https://www.tesla.com/inventory/new/my

Tesla is attempting to clear out inventory on existing Model Y. With the instant $7,500 tax credit, this is an up to $12,500 discount on a new Model Y.

Prices seem to be as follows: After the $7,500 credit and new discount, the Model Y RWD starts at $33,890, the Long Range at $37,490, and the range-topping Model Y Performance at $40,690.
in Autos
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Deal
Score
+311
958,041 Views
$40490
$44,990.00

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Last Edited by desi_babu_2010 April 6, 2024 at 08:15 PM
Rebates depend on region. In California, discount is up to $7200 for RWD Y.

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Featured Comments

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.
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
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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Joined Jun 2009
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> bubble2 1,504 Posts
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dbernie41
04-12-2024 at 10:02 AM.
04-12-2024 at 10:02 AM.
Quote from BrokePanda :
I'll be waiting for the new Model Y refresh Juniper. Should have more range, newer hardware, and just better like the new Model 3 Highland. Supposed to come out end of the year. These old Model Y may drop another few grand by then.
Musk already said no Y refresh in 2024. But I do expect it to be right at the top of 2025.
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never pay retail
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BitterBrian
04-12-2024 at 10:13 AM.
04-12-2024 at 10:13 AM.
I never thought I'd own an EV until I test drove one last summer. Then I started doing my research and it made fiscal sense for me. The average new car price is $48,759 so a Tesla Model Y AWD is actually below that after the EV credit, taxes & fees. Keep in mind the EV credit is point of sale so you are paying less at the time of purchase and you don't have to wait to file with your taxes the following year.
As far as range anxiety, that is not an issue at least on the west coast. I just drove the scenic route on HWY 1 & 101 from Orange Country to San Francisco and I had no problems finding superchargers en route. The most expensive one was in Santa Barbara and it was only $41 to fill up to 100%; on average it's about $25-30 to 80% which is the recommended daily level. Don't even get me started on how the free trial of FSD is a godsend on a long road trip especially in traffic.
I do see those lines for EV charging at the local Target and it does suck. We still have gas powered cars and I dread waiting at those Costco gas lines in prime time. So waiting for gas or charging is a bummer, however either can be mitigated by going early mornings or late nights. Normally I just charge at home overnight and it's good to go in the morning and that's even cheaper versus a supercharger, approximately $15-20 on average. Regardless, there's no disputing the fact that electricity is cheaper than gas especially here in Southern California.
As far as build quality, Teslas have come a long way from panel gaps in the early years. If you recall, nobody wanted to buy a Hyundai in its beginning and now they are one of the top manufacturers. And one very looked over point is Tesla is an US car company supplying jobs to thousands of Americans nationwide as well as overseas. Same as Ford, Chevy, and the other American car brands. And the cars are FAST AF. I got beat off the line on my Harley by a Tesla which shocked me and got me looking into one in the first place. My advice is go test drive one; it's no pressure sales unlike ICE dealers. In fact, you can test drive one at the mall while you're significant other shops. #IYKYK
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Last edited by BitterBrian April 12, 2024 at 10:24 AM.
Joined Dec 2006
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vagrant10
04-12-2024 at 10:13 AM.
04-12-2024 at 10:13 AM.
According to a Bloomberg study, 99% of Tesla customers would recommend the Model 3 to friends or family. Consumer Reports also says that Tesla has the highest owner satisfaction of all car brands, beating out Porsche and Volkswagen.

from: https://customergauge.com/benchma...er%2070%25.

A recent study from Experian also found that Tesla is the number one car brand for brand loyalty. According to the survey, 74.7% of people that disposed of a Tesla car bought a new one.


Tesla's NPS (NPS, or the Net Promoter Score) score of 97 really is untouchable
From the data we have, Tesla's competitors have the following NPS scores:
  • Honda NPS – 82
  • Toyota NPS – 43
  • Hyundai NPS – 69

Tesla Brand Loyalty: What Factors are Driving Tesla's NPS Score?
How can Tesla secure an NPS score of 97? It comes from a mix of an incredible product, transparent communications at all levels of the business, and a commitment to closing the loop on customer feedback.
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FishKilla
04-12-2024 at 10:15 AM.
04-12-2024 at 10:15 AM.
Last spring, the automotive industry publication Car and Driver tested several automakers' range claims to provide insights for potential EV buyers.

It found that Tesla published ambitious range numbers that were on average two times greater than most other EV makers.

In 2020, the Environmental Protection Agency (EPA) disputed Tesla CEO Elon Musk's claim that the agency had made a mistake in its test of the Model S sedan, which resulted in the agency noting a lower range for the vehicle.

A year later, a Norwegian court ordered Tesla to pay thousands of dollars to customers who reported slower charging times and reduced rage after the company issued a software update.

Earlier this year, South Korea fined Tesla $2.2 million for range exaggerations before the government pitched for a Tesla Gigafactory in the spring of 2023.

The EPA mandated that Tesla reduce the range estimates by an average of 3% for six of its vehicles beginning in the 2020 model year.


https://finance.yahoo.com/news/te...45358.html
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FishKilla
04-12-2024 at 10:24 AM.
04-12-2024 at 10:24 AM.
Quote from vagrant10 :
According to a Bloomberg study, 99% of Tesla customers would recommend the Model 3 to friends or family. Consumer Reports also says that Tesla has the highest owner satisfaction of all car brands, beating out Porsche and Volkswagen.

from: https://customergauge.com/benchma...er%2070%25.

A recent study from Experian also found that Tesla is the number one car brand for brand loyalty. According to the survey, 74.7% of people that disposed of a Tesla car bought a new one.


Tesla's NPS (NPS, or the Net Promoter Score) score of 97 really is untouchable
From the data we have, Tesla's competitors have the following NPS scores:
  • Honda NPS – 82
  • Toyota NPS – 43
  • Hyundai NPS – 69

Tesla Brand Loyalty: What Factors are Driving Tesla's NPS Score?
How can Tesla secure an NPS score of 97? It comes from a mix of an incredible product, transparent communications at all levels of the business, and a commitment to closing the loop on customer feedback.


LOL. You do realize that Tesla has an incentivized referral program, right?

So, duh, yeah they will happily recommend a Tesla along with a referral code.

They should also include what percentage of the respondents were "investors" as well. Hmmm
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Knightshade
04-12-2024 at 10:28 AM.
04-12-2024 at 10:28 AM.
Quote from 300Lane1 :
So the numerous people complaining about terrible build quality, deteriorating range and batteries going bad are all full of it?

I mean- does a dude complaining his Toyota engine died with barely 10k miles on it mean Toyota has terrible quality--- or just that every car maker has outlier parts failures?

We know for a fact that Tesla failures in the warranty period are exceedingly rare- because we know for a fact Tesla has the lowest warranty claim rate of any car maker selling in the US (roughly tied with Toyota in fact).

So "One dude had an issue" is not full of it.... but "the brand has a reliability problem because of that" certainly is full of it, and debunked by actual facts and data.

Likewise we've got fleet-wide data on range loss, and it shows that's also a problem that for a fact is not common.

But again it doesn't mean there's not the occasional person who has a genuine issue. No more than the guy whos Toyota engine died just after warranty is typical of the brand either.


Likewise the "look a panel gap" stuff.... you can find such one-off complaints from just about any brand of car--- but "Toyota minivan with bad panel gaps" doesn't get nearly as many clicks as a Tesla with the issue does- so guess which one gets a lot more press?


if Teslas were nearly the problem brand some folks here suggest you wouldn't get industry leading brand loyalty and recommendations..... though extra hilarious was the dude who tried to argue that high scores there suggested to him the quality was BAD because people won't admit mistakes.... but when I pointed out #2 highest score was Lexus/Toyota they insisted they only meant Tesla and we can trust the Toyota high score but not the Tesla one Smilie
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BitterBrian
04-12-2024 at 10:33 AM.
04-12-2024 at 10:33 AM.
Quote from Andrew025 :
You can get the credit if you have a "business" as well
Leasing has no AGI limit
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300Lane1
04-12-2024 at 10:45 AM.
04-12-2024 at 10:45 AM.
Quote from Knightshade :
I mean- does a dude complaining his Toyota engine died with barely 10k miles on it mean Toyota has terrible quality--- or just that every car maker has outlier parts failures?

We know for a fact that Tesla failures in the warranty period are exceedingly rare- because we know for a fact Tesla has the lowest warranty claim rate of any car maker selling in the US (roughly tied with Toyota in fact).

So "One dude had an issue" is not full of it.... but "the brand has a reliability problem because of that" certainly is full of it, and debunked by actual facts and data.

Likewise we've got fleet-wide data on range loss, and it shows that's also a problem that for a fact is not common.

But again it doesn't mean there's not the occasional person who has a genuine issue. No more than the guy whos Toyota engine died just after warranty is typical of the brand either.


Likewise the "look a panel gap" stuff.... you can find such one-off complaints from just about any brand of car--- but "Toyota minivan with bad panel gaps" doesn't get nearly as many clicks as a Tesla with the issue does- so guess which one gets a lot more press?


if Teslas were nearly the problem brand some folks here suggest you wouldn't get industry leading brand loyalty and recommendations..... though extra hilarious was the dude who tried to argue that high scores there suggested to him the quality was BAD because people won't admit mistakes.... but when I pointed out #2 highest score was Lexus/Toyota they insisted they only meant Tesla and we can trust the Toyota high score but not the Tesla one Smilie
Are you saying Tesla is rated higher than Lexus/Toyota in terms of reliability?
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> bubble2 2,734 Posts
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reactions
04-12-2024 at 11:10 AM.
04-12-2024 at 11:10 AM.
Sales aside the model y is getting long in the tooth.

Prices will drop more.

Check your insurance rates. Could be a deal killer
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FishKilla
04-12-2024 at 11:14 AM.
04-12-2024 at 11:14 AM.
Quote from 300Lane1 :
Are you saying Tesla is rated higher than Lexus/Toyota in terms of reliability?
He's Googling.

He will be back with a tweet from Elon saying yes, Tesla is rated higher and declare himself the winner
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junky123
04-12-2024 at 11:49 AM.
04-12-2024 at 11:49 AM.
Can we start suspending the accounts of these Tesla haters and Tesla fanboys here. Why can't we just have normal people respond to this deal.
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300Lane1
04-12-2024 at 11:50 AM.
04-12-2024 at 11:50 AM.
Quote from junky123 :
Can we start suspending the accounts of these Tesla haters and Tesla fanboys here. Why can't we just have normal people respond to this deal.
Who would be here then if not a Tesla "fanboy" or hater?
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Knightshade
04-12-2024 at 12:27 PM.
04-12-2024 at 12:27 PM.
Quote from 300Lane1 :
Are you saying Tesla is rated higher than Lexus/Toyota in terms of reliability?

Which part of the actual words I wrote were unclear to you?

Perhaps you need to see some data yourself?
https://www.warrantyweek.com/libr...7/fig2.png

That's the warranty claim rate as a percentage of total sales (so that you can fairly compare a company that sold 10 million cars versus one that sold 2 million and so on).
Sticking to brands actually sold in the US, the 3 most reliable (as defined by needing the lowest rate of warranty repairs) are:
Toyota at 0.85%, Ferrari at 0.9%, and Tesla at 1.1%.

(fi you're wondering why Chinese brands are so good in this measure there's a number of reasons including their warranties are shorter, they cover far less things, and their accounting methods on this stuff are different-- has been discussed elsewhere in detail if you wish to find it)


Anyway- Ferrari only sells a few thousand cars a year, for extreme premiums, so we can probably drop them out- leaving just Toyota and Tesla at the top of the most-reliable pile.

Honda and Nissan aren't TOO far behind- 1.35% and 1.2% respectively...

Remaining brands are all roughly 2-3 times worse than Tesla and Toyotas rates, though VW and Subaru are even worse than that (at 4.2% and 5% averages respectively).

In 2020 FWIW Tesla was #1, with Toyota 0.3% behind. In fact it's only very recently Toyota improved enough to be slightly ahead of Tesla (Teslas #s haven't varied much out of the 1.1-1.3% range the entire time they've been mass producing cars.... Toyotas average from 2014 through 2020 was nearly 2%).

Here's 2015-2019 for example showing you the above is true-
https://www.warrantyweek.com/libr...0/fig3.png

1.3% claim rate for Tesla in that period- 2.0% for Toyota.

So in terms of warranty claims rates adjusted for sales, I'm not "saying" Tesla is rated higher than Lexus/Toyota--- I'm showing you, for a fact with fleet wide data, they have been rated higher than Toyota for about as long as Tesla has been mass producing cars.... though there's been a couple years most recently where Toyota has improved enough to move slightly ahead, they're still behind if you average the #s from the last decade.

IOW if you thought Toyotas cars were reliable 5-10 years ago, Teslas were provably more so- as this data shows.

Now- if you are willing, in the face of learning new information, to reconsider your earlier claims on the topic---- that's great! I wish more people had open enough minds to do that.


But if you're instead going to continue citing reliability concerns despite all evidence saying they're unfounded-- and instead cite to things like one-off reddit threads where a few anecdotes don't outweigh entire-company metrics, then I suppose we'd have to drawn certain conclusions about your motivations for doing so.
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Last edited by Knightshade April 12, 2024 at 12:33 PM.
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JoshuaL9857
04-12-2024 at 12:32 PM.
04-12-2024 at 12:32 PM.
I would be very cautious about buying a Tesla vehicle. The company is not in great financial shape and possibly may go bust in not the distant future. If this ends up happening Tesla owners will end up in big trouble because only Tesla is allowed to fix their cars. The lack of repair knowledge and availability of parts makes it a big risk to own. If you are interested in owning an EV I would go with another car manufacturer.
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Knightshade
04-12-2024 at 12:59 PM.
04-12-2024 at 12:59 PM.
Quote from JoshuaL9857 :
I would be very cautious about buying a Tesla vehicle. The company is not in great financial shape and possibly may go bust in not the distant future

Perfect example of the absolutely fact-free nonsense EV hate posts I was talking about.

Tesla is the most financially sound car company in the world.

They've got near 30 billion in cash in the bank, a number that keeps going UP every year (it has almost doubled in the last 2 years), and very little debt in comparison.

On top of years of significant profits.


Compare to legacy auto- most of whom have as much, or more debt than they do cash, and whose profit per vehicle tends to be far lower-- in some cases having even posted outright losses in recent years.


Ford- for example, has ~40 billion in cash (down ~4 billion from 2022, which was itself down another 5 billion from 2021).... and 151 billion in debt. So almost 4 times more debt than cash.

Likewise Toyota has about 87B in cash, and about 241B in debt.

(TBF a lot of that debt is their financing arms, but the remaining debt is still a substantial portion of cash on hand- unlike Tesla).



Extra weird- these posts often come from folks with basically no previous posts on here. Strange, huh?
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Last edited by Knightshade April 12, 2024 at 01:04 PM.
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