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Should You Buy a 2023 Tesla Model Y?

Tesla recently did major price cuts on the Model Y - is now the time to buy one? Here's what we recommend.


2023 Tesla Model Y

Tesla just did some drastic price cuts. Now is the perfect time to buy your 2023 Tesla Model Y if you are in the market for one.

The Tesla Model Y long range is $52,990 as a base price and if you buy it before March 2023, the price becomes $45,490. If you buy it after that time, the battery requirements for the IRA may change and the $7,500 could be different or gone.

Here's what you get with the Model Y long range, the Model Y performance:

Model Y Long Range:

* Base Price: $52,990
* Final Price With Tax Credit: $45,490
* Range: 330 EPA range
* Battery: Lithium, which should only occasionally be charged to 100%
* 0 to 60 mph: 4.8 seconds
* Top speed: 135 mph
* Notes: I know people who own this vehicle and they love how roomy and spacious it is. Some people even camp in it

Model Y Performance:

* Base Price: $56,990
* Final Price With Tax Credit: $56,990 (doesn't qualify)
* Range: 303 EPA range
* Battery: Lithium-ion, which degrades faster and shouldn't charge to 100% regularly
* 0 to 60 mph: 3.5 seconds
* Top speed: 155 mph
* Notes: This a very roomy vehicle that goes as fast as a sports car. The Model Y Performance is an unreal vehicle

These two Model Y vehicles are great options for anyone who wants a lot of space. I've ridden in a Model Y vehicle and it's definitely more roomy than the Model 3. Each of these vehicles has two motors.

If you are worried about charging either of these vehicles, don't worry - we've covered how to charge a Tesla.

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Comparable Vehicles

To see what cars compare with each of these Tesla vehicles, we'll start with the Model Y long range. The price of this after the tax credit is $45,490. This compares to the old price of the Model 3 RWD which is incredible.

BMW X3 and X5 series vehicles. The X3 starts at $46,200 MSRP. This is a fully gas car and with the Model Y being fully electric and chargeable at home, it's tough to see how one would buy the gas car equivalent.

Next is the Model Y performance, which has a price of $56,990 after the IRA tax credit. Unfortunately, Tesla didn't price this vehicle under $55,000 to qualify. Comparable vehicles are:

BMW X4 sports series, which has a starting MSRP of $54,200. In my opinion, Tesla should sell the Model Y Performance for $54,990 to qualify for the tax credit and I'm not sure why they didn't.

Tesla vehicles are known as the safest vehicles on the road with 5 star ratings from NHTSA. Model Y vehicles are also very roomy and spacious allowing you to transport your dog or supplies. You can get FSD as additional software though each vehicle comes with Autopilot standard. These vehicles get better over time with over the air software updates.

It's as good a time as it has ever been to get a Tesla Model Y. Would you get one now?

In Related News: Electric Vehicle Charging Taking Place on Public Roads

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot


Joe Watt (not verified)    January 14, 2023 - 11:40PM

Yes I did buy one, trading in my Porsche SUV in fact. The Porsche steering feel is still number one, but the joys of electric torque and bottomless gas station, so to speak, at home, along with decent autopilot functionally make it a slam dunk.

Julie Hulne (not verified)    January 15, 2023 - 10:59PM

In reply to by Joe Watt (not verified)

Yeah, but a Tesla Y now. Not! I bought one in November, 2022. Got taken to the cleaners. My Tesla Y has lost so much value and it doesn't qualify for any rebates. Not feeling the love Tesla.
I would be careful. Musk will probably lower the price again and then you too can lose money

Nathan Gomes (not verified)    January 15, 2023 - 4:21AM

Bought a model Y long range in December. Don't buy a new one until Tesla replaces the functionality of the stripped ultrasound sensors.