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Qualifying date to received the full $7,500?

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justfyi

New Member
Jan 18, 2023
4
0
NJ
Qualifying date to received the full $7,500, is it order by Mar 2023 or delivered by Mar 2023? My delivery date is mid to end of Mar 2023. Not sure if its accurate. If anyone knows, that'll be great.
 

Tesla has drastically reduced the prices of Model 3 and Model Y electric cars in the U.S. in a bid to boost sales. After the price cuts, most Model 3 and Model Y variations are eligible for $7,500 in federal tax rebates under the Inflation Reduction Act, potentially saving consumers tens of thousands of dollars on some purchases.

Tesla shares fell 3 percent in today’s morning trading.

In the U.S., the starting price for the five-seat Model Y Long Range fell 20 percent to $52,990 from $65,990, according to Tesla’s website. Including the $7,500 tax credit, the entry-level Model Y is $20,500, or 30 percent, cheaper. The Model Y previously didn’t qualify for federal tax credits because the Internal Revenue Service classifies it as a passenger car and it exceeded the $55,000 retail price cap for such vehicles.

The price of the entry-level Model 3 has dropped to $43,990 from $46,990. The higher-end Model 3 Performance now starts at $53,990, instead of $62,990. After the price cuts, all Model 3 versions and all Model Y except the five-seat Performance version are eligible for federal tax rebates.

To receive the full $7,500 tax rebate, customers have to order before mid-March, when it’s expected to be reduced in half.