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expiredMurraytheDemonSkull posted Jan 13, 2023 04:18 AM
expiredMurraytheDemonSkull posted Jan 13, 2023 04:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

(For Qualifying Buyers)

$52,990

$52,990

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Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • 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.
  • Refer to the forum thread for additional deal discussion.

Original Post

Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • 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.
  • Refer to the forum thread for additional deal discussion.

Original Post

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Top Comments

TofuVic
19698 Posts
27789 Reputation
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022 - $7,500 discount with 10,000 free Supercharger miles - I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

For those who do order, I recommend this Tesla Prep guide [glideapp.io] to check for build quality issues on delivery day.

I hope this helps,
Tofu Vic
oceanone
1290 Posts
286 Reputation
Tesla plans to add a new radar product to its vehicles in mid-January, according to documents posted with the Federal Communications Commission.

The disclosure, which was first reported by Electrek, comes as the company faces scrutiny over the safety and capabilities of its standard advanced driver assistance system known as Autopilot and the $15,000 optional upgraded product branded as "Full Self-Driving." Tesla FSD beta software offers some automated driving features but is not a self-driving system.

The luxury EV-maker has long claimed it could reach full autonomy through a "vision only" approach that shuns other sensors like lidar and radar in favor of cameras and a deep neural network that quickly processes a vehicle's surroundings and responds in real time. Tesla CEO Elon Musk previously promised to "solve" full self-driving by the end of this year (he's also promised Tesla would get there every year for roughly nine years now). He has recently admitted the problem will take longer to solve.

And perhaps, as every other autonomous vehicle technologist says, it's not actually achievable yet through cameras alone.

The company began removing radar from its vehicles last May. In October, Tesla removed its 12 ultrasonic sensors from Model 3 and Model Y vehicles built for North America, Europe, the Middle East and Taiwan. Ultrasonic sensors measure distance via ultrasonic waves and are used as proximity sensors to support anti-collision safety systems, particularly in parking use cases.

Now it appears radar is back. It's not yet clear which models will get the new radar. The type of radar Tesla intends to market next year is of a frequency that's allocated by the FCC for ADAS use cases, according to Ram Machness, chief business officer at Arbe Robotics, which produces ultra-high-resolution 4D imaging radar.

Tesla had originally filed with the FCC to use the new radar — which is described in filings as "76-77 GHz Automotive Radar" — in its vehicles back in June.

"From the frequency of operation (76-77GHz) as well as the mechanical design of the sensor from Tesla's FCC filing, it appears that this radar would be utilized in ADAS applications," Steven Hong, VP and general manager of radar technology at semiconductor company Ambarella, told TechCrunch.

He noted that while the performance of this "edge" radar sensor will be limited, it's a positive development that Tesla is looking to add radar to its perception stack for safety-critical, robust performance.

Earlier this year, the FCC had granted a confidential treatment to Tesla in order to keep the details of the new radar under wraps. Late last month, Tesla applied to extend that confidentiality treatment another 60 days from its date of expiration, which is December 7.

i hope this answers your question
AkumaX
13111 Posts
2952 Reputation
edit: ACTUAL LINK TO DEAL https://www.tesla.com/modely/design (SD's link goes to existing inventory page)
Wayback Machine if anyone wants to do some research: https://web.archive.org/web/20220...ely/design

I'll throw out some notable 'milestones' , focusing only on the Model Y LR base model:

* Feb 2021 - $49,000 - Roughly the lowest price for the Y LR (not including the SR @ $42k)
From this point forward, Tesla started increasing the price about $1-2 every month or so, until it peaked out at $66,000. Ex:
* May 2021 - $51,000
* July 2021 - $53,000, etc...
* Feb 2022 - $59,000, etc...
* July 2022 - $66,000 <-- peak
* Dec 1 2022 - $66,000 (-$3750 credit/refund)
* Dec 15 2022 - $66,000 (-$7500 credit/refund)
* Jan 1 2023 - $66,000 back to peak (-$7500 fed tax credit only on 7-seater)
* Jan 13 2023 - $53,000 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Jan 23 2023 - $53,500 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Feb 4 2023 - $55,000 (-$7500 fed tax credit on all models)

12,284 Comments

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Jan 13, 2023 05:49 AM
1,349 Posts
Joined Sep 2009
d0min0Jan 13, 2023 05:49 AM
1,349 Posts
Quote from SDJunkie76 :
Your claimed capital losses will come off your taxable income, reducing your tax bill. Your maximum net capital loss in any tax year is $3,000. The IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing separately).

The 7.5k is on taxes paid not income.
so if i lost 20k in stocks, but made 70k at my job, i only get taxed on 50k right?
1
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Jan 13, 2023 05:50 AM
188 Posts
Joined Feb 2012
pnhan89Jan 13, 2023 05:50 AM
188 Posts
Quote from carolin1995 :
Sorry, question on model 3 rwd. How much was it in Nov? Dec? And now? I know there is a tax credit now, but did the price from Tesla itself change too?
Model 3 RWD was about $46K out the door in December with the $7500 discount included.
Jan 13, 2023 05:53 AM
107 Posts
Joined Mar 2005
robsantosJan 13, 2023 05:53 AM
107 Posts
Of course, I learn about this on Slickdeals! Repped!!!!!
Jan 13, 2023 05:55 AM
6,016 Posts
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Core2QuadJan 13, 2023 05:55 AM
6,016 Posts
Quote from discostu :
When is it expected for them to reincorporate radar back into their cars?
Never? They chose to go with cameras and one software build, not maintain multiple technologies and software. AFAIK even cars with radar, those sensors are disabled now.
6
Jan 13, 2023 05:56 AM
545 Posts
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GnomeslayerJan 13, 2023 05:56 AM
545 Posts

Our community has rated this post as helpful. If you agree, why not thank Gnomeslayer

Highly recommend if you're considering a Tesla (or any car for that matter) that you rent one for a week or two and make sure you like it. Personally did this with a Tesla in the past and I'm glad I did, because it just wasn't the car for me I decided.

Honestly I'm shocked folks make such a big purchase like a car with just a single test drive, or in the case of Tesla's that you might order online, no test drive at all! Make sure you really like the car, rent one for a couple weeks and see how it feels!
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Jan 13, 2023 05:56 AM
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SDJunkie76Jan 13, 2023 05:56 AM
528 Posts

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Quote from d0min0 :
so if i lost 20k in stocks, but made 70k at my job, i only get taxed on 50k right?
You get taxed on 67k - you can only take 3k/yr and carryover the 17k - Next year you take 3k and carryover the 14k and so on.. until you zero it out.
1
Jan 13, 2023 05:57 AM
1,211 Posts
Joined Oct 2008
California-BoyJan 13, 2023 05:57 AM
1,211 Posts
Quote from bill_tong :
Why are people saying they lost money if they bought their car a month ago. Didn't. Tesla give you $7500 discount plus 10000miles of free super charging ? This was in prep for the tax credits coming in 2023 and to get their sales in 2022.
Now there is big price drop and tax credit on top. Earlier it was only price drop/discount - no tax credit. Of course those who bought it during the December deal only lost few thousands in this case. Hope it it is clear.
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Jan 13, 2023 05:57 AM
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Joined Nov 2015
AseemS9329Jan 13, 2023 05:57 AM
8 Posts
Does NJ offer any additional credit on top of the Federal 7.5K credit?
Jan 13, 2023 05:58 AM
343 Posts
Joined Mar 2010
kusanagizJan 13, 2023 05:58 AM
343 Posts
Quote from d0min0 :
so if i lost 20k in stocks, but made 70k at my job, i only get taxed on 50k right?
Unfortunately not. Realized losses (such as stocks) are capped at $3,000 ($1,500 if married filing separately) . So if you lost 20k in 2022 and let's say you're married filing jointly, you can write off $3,000 for that year and do a capital loss carry for each subsequent years up to $3,000. So it'd take you 7 years to write off your 20k loss assuming you don't have any more overall realized losses for the subsequent years. At least this is my understanding as this will be the first year I'll be in such a situation.

I'll be having a carry over for a loooong time myself.
Last edited by kusanagiz January 12, 2023 at 11:00 PM.
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Jan 13, 2023 05:58 AM
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supernomanJan 13, 2023 05:58 AM
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Quote from Core2Quad :
Never? They chose to go with cameras and one software build, not maintain multiple technologies and software. AFAIK even cars with radar, those sensors are disabled now.
https://electrek.co/2022/12/06/te...-concerns/

They're coming back.
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Jan 13, 2023 06:00 AM
410 Posts
Joined Nov 2011

This comment has been rated as unhelpful by Slickdeals users.

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This user is an Expert in Tech & Electronics
Jan 13, 2023 06:01 AM
19,698 Posts
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TofuVic
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This user is an Expert in Tech & Electronics
Jan 13, 2023 06:01 AM
19,698 Posts
Quote from Core2Quad :
Never? They chose to go with cameras and one software build, not maintain multiple technologies and software. AFAIK even cars with radar, those sensors are disabled now.
There was a report from December 2022 stating Tesla may have radars added back to their vehicles in early 2023, but there aren't details about in what capacity.

Source: https://electrek.co/2022/12/06/te...-concerns/

I hope this helps,
Tofu Vic
Last edited by TofuVic January 12, 2023 at 11:20 PM.
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Jan 13, 2023 06:01 AM
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Jan 13, 2023 06:01 AM
2,364 Posts
Joined Dec 2006
TotalKonfuzionJan 13, 2023 06:01 AM
2,364 Posts
Quote from TofuVic :
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022, I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

I hope this helps,
Tofu Vic
From posting toilet paper deals to buying Tesla's now. Success stories do happen!
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Jan 13, 2023 06:02 AM
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RazorConceptsJan 13, 2023 06:02 AM
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Quote from sLick415 :
Any unused tax credit may be carried forward to the following year.
"The maximum credit is $7,500. It is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years"
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