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2024 Tesla Model Y + $7,500 Federal Tax Credit Expired
$40490
$44,990.00
(For Qualified Buyers)
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:
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
Original Post
Written by
Edited April 5, 2024
at 11:26 AM
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.
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.
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Community Wiki
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
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.
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BTW did you check your math when you were bragging about Tesla price cuts 2 years ago and you were talking about how Tesla was a great investment when the stock was trading around $300? "CHECK YOUR MATH" The stock is cut in half while the market is at all time highs.
Why so much hate for the company, why are you even on this thread lol.
I brought my car in for routine maintenance at a Tesla location. They were able to see all the flags my car had offered to do all the "safety" recalls 2 were updates and 1 was some kind of wiring thing i didn't even know needed doing. They had it all in their system i didn't have to give them any information as it was all in my tesla account. I took the kids and went to have lunch. They didn't need my keys I literally walked in gave them my vin walked out walked back in told me where the car was and i got in it and drove away. That is the crapiest thing i have ever had to deal with in my entire life...
At a price(just like EV)
Not really though... nobody offers city-streets L2 ADAS other than Tesla- at any price.
Very very few are yet doing OTA updates of more than infotainment/maps either (and again it's almost exclusively EVs doing that, and majority Tesla)
I'm not aware of any non-EVs with any feature comparable to Teslas sentry mode (though a few other EVs have a semi-similar feature)- but this one I haven't checked too deeply
Plus there's the inherent things just being an EV gets you that ICE can't replicate-things like the instant torque/acceleration, the regen braking that means you'll likely never wear out the brakes in the life of your ownership and that you can drive with 1 pedal, or the ability to leave the climate on for hours, or even overnight, without a running combustion engine...
BYDs deliveries were down far more.
Also down in Q1 (at least in the US) were GM, Kia, Dodge/RAM, Audi, Acura, Infiniti, Porsche, and more. Several of those down more than Teslas sales.
Heck, iphone sales were down 10%.
Guess this is all ALSO Elons fault somehow and not just a general slowdown, right?
Also an industry-leading lowest warranty claim rate.
All of which put the lie to your claims about service, reputation, and quality.
Population wide data trumps "Some disgruntled dude on the internet" I'm afraid.
Never buy a Tesla, they are the legacy EV automaker and will be only a charging maker by the end of the decade. Apple will buy them out for 50 billion dollars.
LOL
As noted above, Apple sales declined more than Teslas did recently
Future certainly looks bleak after yesterday's news. I guess time will tell if it can continue surviving and for how long.
.
This might be instructive for you-- it's a graph of Tesla employees by year, with the routine every couple years layoffs also graphed against it, show total employment continues to rise pretty steadily despite those routine cuttings of the lowest performers.
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Also down in Q1 (at least in the US) were GM, Kia, Dodge/RAM, Audi, Acura, Infiniti, Porsche, and more. Several of those down more than Teslas sales.
Heck, iphone sales were down 10%.
Guess this is all ALSO Elons fault somehow and not just a general slowdown, right
https://pressroom.toyot
https://pressroom.toyot
Probably because I was replying to your claim that it's specifically a Tesla/Elon problem?
The fact a slew of brands, both auto and even Apple, ALSO have seen sales slumps recently- many slumps larger than Teslas.... including the largest BEV company in the world that isn't Tesla, should've been a giveaway there.
Future certainly looks bleak after yesterday's news. I guess time will tell if it can continue surviving and for how long.
Surviving?
The company has ~25 billion more cash than debt- and has posted positive net income every quarter for years- and is expected to keep doing so.
The share price has no relevance to a company "surviving" unless it needs to raise more cash by issuing more stock.... which is not a thing a company with tens of billions of cash and positive cash flow needs to do.
Also, for some perspective, even at current stock price, TSLA is up over 900 percent from 5 years ago (as of this post)
In fact, outside of Nvidia, it's still the best performing large cap stock in the market over the last 5 years.
Anybody talking about survival in this context can safely be ignored as someone who has never read a financial statement in their life.
The fact a slew of brands, both auto and even Apple, ALSO have seen sales slumps recently- many slumps larger than Teslas.... including the largest BEV company in the world that isn't Tesla, should've been a giveaway there.
I'd think if Tesla was actually the most reliable manufacture, then sales wouldn't be falling.
Toyota/Lexus saw an increase in Q1 (EV's and ICE vehicles), yet Tesla saw a decrease.
Why so much hate for the company, why are you even on this thread lol.
Our community has rated this post as helpful. If you agree, why not thank Dr. J
CRV - $36,332.35 (that includes sales tax)
CRV Hybrid - $42,009.31 (includes sales tax)
MY LR - $45,664.37 (includes sales tax and tax credit, does not include "fees", the website doesn't say what or how much these are).
Assuming we finance with a CU (Tesla's rate is atrocious compared to Honda - they want 6.39% with 9% down for 72 mo, Honda has 4.9% for 60 mo), that's 5.89% for 72 mo.
Total cost of the vehicles assuming $10k down no trade in (also no loyalty incentives, e.g. Honda has $750 right now):
CRV - $41,332.67
CRV Hybrid - $48,075.49
MY LR - $52,423.22
Then I started looking up recommended maintenance for the Hondas. The list for each is very long but the vast majority of them are do-nothing things like "check fluid level" or "inspect XYZ". In fact, there are only a few genuine, actionable services, such as engine oil changes, ATF and diff changes. Yes there will be an occasional engine air filter change but that's like a whopping $15 and it's not often enough it will really change the calculations.
I also used a local chain (Town Fair for those in New England) for tire costs. 50k is perfectly doable for a CRV (or most ICE for that matter) having owned (2) CRV and (2) Pilots. I had to google it for the Y, but it seems 30-40k is an estimate, so I used 35k. Also, I picked the first "brand name" tire in the list for each vehicle - e.g. I didn't pick el cheapos for any car. I was surprised at how much more expensive the tires are for the Y - $1300 vs. ~ $800 for the CR-V.
As it turns out, the tires alone blow the cost of fluid changes on both the Honda's out of the water. At 100k, the Hondas will have cost around $1400 in maintenance, which includes tires and various oil changes, and the Y will cost around $1300, just in tires (e.g. zero other maintenance cost). [note that this is an amortized estimate, meaning at 100k the Honda's will just be getting their second set of tires (originals last to 50, next paid set lasts to 100k, etc) and the Tesla will be about 1.857 sets in, even though the cost of the second paid set will have been paid in one lump sum]
For efficiency, I used the average in the range for each vehicle; CRV ~ 29.5 MPG, CRV Hybrid, 37 MPG and Y, 3.5 miles/kwh. FWIW, I typically find EPA estimates for ICE's are on the low side, and it appears that might be a combination of driving habits, the EPA testing protocol not really being an accurate representation of driving in general, and manufacturer-specific tweaking (legacy autos tend to be conservative)
If I add it all up for me given exactly what I pay for electricity and gas *right now* then the 100k TCD for each vehicle is:
CRV - $53,223
CRV Hybrid - $57,846
MY LR - $61,723
If I use US average prices for electricity and gas right now ($0.1545 and $3.63), then:
CRV - $55,020
CRV Hybrid - $59,278
MY LR - $58,137
So with the US average cost of both electricity and gasoline the MY is theoretically saving around $1100 over the course of 100k (~ 7 years) using today's costs vs. a hybrid. The ICE comparable is still about $3000 less in TCD than the MY.
Thus I encourage people to run some simple calculations before assuming one option will necessarily be cheaper than the other. e.g. do you anticipate the cost of gas to rise or fall in the next 7 years? Electricity?
Notice I said TCD, not TCO - that's the Total Cost to Drive the car over 100k miles (which is about 7 or so years of the average driver), not Ownership. There are other costs that aren't included in the above. Off the top of my head are:
- Insurance. Some people report much higher insurance premiums for EV's, some people report them being the same as ICE. YMMV.
- Property tax. In CT we pay annual property taxes on autos, they are basically taxed the same as real property (mill rate/1000*assessed value, etc etc) and in general is around 2-3% of the book value of the car, so more expensive car = more expensive annual property tax
- Cost to install any kind of home charger. Yeah I guess you could get by with 120V, assuming you have access to one, but that's not a real charging solution.
- Random maintenance. Shit happens. That said, I think the above is a really good representation of ICE maintenance in general up to 100k and probably more like up to 130k or so, before you might have to worry about a water pump going or spark plugs.
- Assumes absolutely zero EV maintenance beyond tires. EV's still use coolant and "transmission"/drive unit fluid. Note that sometimes these are advertised as "lifetime" but just like "lifetime" fluid in an ICE, you have to question what that means, as it's probably when the warranty runs out. Multiple sites recommend changing drive unit fluid every 50k miles, which should be comparable to an ATF or rear diff fluid change in the ICE above, in terms of cost.
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Then pointed out even Apples sales declined, debunking the idea it's even specific to cars at all.
Toyota/Lexus saw an increase in Q1 (EV's and ICE vehicles), yet Tesla saw a decrease.
And in Q1 of 2023, Toyota saw a drop in sales- a drop very similar to Teslas Q1 24
https://www.reuters.com/business/...023-04-03/
Was Toyotas quality bad in Q1 2023?
For that matter Tesla sales grew (massively) every quarter going back years before this one (excluding the quarter covid hit).... does that mean Tesla quality just kept getting better and better for years and years, and suddenly, JUST this quarter, went way down?
Or is your explanation nonsensical and unrelated to cyclical sales patterns?
(spoiler- it's that second one)
I ordered the ID4 over a model Y for these reasons.
Before that, per your post history, you had a diesel VW.
Anyway after that Jan post you then spend 29 or your next 30 posts posting about NOTHING but how the VW is the EV to buy and Teslas suck.
That ends in April 2021.
You don't make anyother EV post again (very few posts at all_ until Jan 2023... and roughly 150 of your ~160 posts since then are all in EV threads about how Teslas suck.
TSLA performance last 5 years: Up 901.92% as of this post.
So you've been more than 10x worse off in an index.
Unless you meant killing in a bad way?