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expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

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

$52,990

$52,990

(For Qualifying Buyers)
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Deal Details
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.

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12.3K Comments

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Jan 13, 2023 6:02 AM
2.5K Comments
Joined Jul 2012
insyderJan 13, 2023 6:02 AM
2.5K Comments

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

Carvana is showing $34k for a 21 MYLR, not looking good
2
2
Jan 13, 2023 6:03 AM
23 Comments
Joined Nov 2015
yellowsportster888Jan 13, 2023 6:03 AM
23 Comments
In Dec 2022, M3LR in white with 19 inch wheels was $59490 before the $7500 discount and disregarding the free 10k supercharger miles and before destination fee and before order fee. Right now, the exact model is $51490. Therefore, the same model is $8000 less than Dec 2022. However, note that the destination fee is now higher at $1390 instead of $1200 back in 2022. Also, like I mentioned before, note the income caps for the tax credit to be valid. So all other things being almost equal (can't quantify the free supercharger miles savings that exactly) and if you do not qualify for the tax credit, the deal right now is better by only $310 for this exact example. I am not even going to get my head all jacked up by trying to calculate the sales tax differences. I will leave that for the mathematicians!
1
Jan 13, 2023 6:04 AM
644 Comments
Joined Dec 2014
bill_tongJan 13, 2023 6:04 AM
644 Comments

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

Quote from insyder :
Carvana is showing $34k for a 21 MYLR, not looking good
The second hand Tesla car market bubble just burst
1
Jan 13, 2023 6:05 AM
565 Comments
Joined Oct 2004
dealhunt_101Jan 13, 2023 6:05 AM
565 Comments
Quote from AseemS9329 :
Does NJ offer any additional credit on top of the Federal 7.5K credit?
Probably 2k at the time of purchase.
https://chargeup.njcleanenergy.com/ -- "The total incentive amount for an eligible vehicle is $25 per mile of EPA-rated all-electric range, as determined by fueleconomy.gov up to $4,000 for vehicles with a MSRP under $45,000, or up to $2,000 for vehicles with a MSRP between $45,000 and $55,000. "
1
Jan 13, 2023 6:05 AM
10 Comments
Joined Nov 2018
DucTTranJan 13, 2023 6:05 AM
10 Comments
Quote from mach4 :
Adjusted Gross Income Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
Thanks. Is it 2022 Gross Income or 2023 Gross Income? Thanks
Jan 13, 2023 6:05 AM
6.3K Comments
Joined Jul 2008
hanabieJan 13, 2023 6:05 AM
6.3K Comments
Now this is a fire deal lol
1
Jan 13, 2023 6:05 AM
462 Comments
Joined Oct 2015
RJ7Jan 13, 2023 6:05 AM
462 Comments
Model. Old price New price Difference
Model 3. $46,990 $43,990 -$3k (-6%)
Model 3 Performance. $62,990 $53,990. -$9k (-14%)
Model Y $65,990 $52,990 -$13k (-20%)
Model Y Performance. $69,990. $56,990. -$13k (-19%)
Model S $104,990. $94,990. -$10k (-10%)
Model S Plaid $135,990 $114,990. -$21k (-15%)
Model X $120,990 $109,990. -$11k (-9%)
Model X Plaid $138,990. $119,990. -$19k (-14%)

Plus $7,500 Fed Tax credit for 2023 is available
https://www.tesla.com

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Jan 13, 2023 6:06 AM
541 Comments
Joined Apr 2020
SplendidSoda171Jan 13, 2023 6:06 AM
541 Comments
Quote from oceanone :
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
What are your thoughts on TSLA stock? LCID? Intellectually appreciated your thorough reaponse.
6
Jan 13, 2023 6:06 AM
12 Comments
Joined Nov 2017
dearpigJan 13, 2023 6:06 AM
12 Comments
Quote from planetchance :
That was organized by BYD employees.
LOL, smart approach but no, protestors are real Telsa owners.
3
Jan 13, 2023 6:07 AM
421 Comments
Joined Nov 2011
sLick415Jan 13, 2023 6:07 AM
421 Comments
Quote from RazorConcepts :
"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"
I stand corrected. Huh, that's odd because I know solar tax credit is also non refundable but it can be carried forward to future year.
Jan 13, 2023 6:08 AM
14 Comments
Joined Jul 2017
carolin1995Jan 13, 2023 6:08 AM
14 Comments
Quote from Klipsch :
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.
So now model 3 price dropped to dec lowered price and there is a tax credit too?! It was 53k in dec and w 7.5 reduction it was $45.5k? Right and now it is 44k plus 7.5k tax credit?
Jan 13, 2023 6:08 AM
6.3K Comments
Joined Jul 2008
hanabieJan 13, 2023 6:08 AM
6.3K Comments
Quote from bill_tong :
The second hand Tesla car market bubble just burst
Also burst other models. Tesla is still a very desirable EV. No way a used Rav4 Prime is gonna sell more than a used Model Y.
8
Jan 13, 2023 6:09 AM
202 Comments
Joined Jul 2017
gadgetcatJan 13, 2023 6:09 AM
202 Comments
Quote from 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!
Where did you rent from?
Jan 13, 2023 6:09 AM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 13, 2023 6:09 AM
3.7K Comments
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
I wish you wouldn't enable white interiors.

I hope this helps,
Tofu (our bunny)
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Jan 13, 2023 6:10 AM
492 Comments
Joined Feb 2012
nosugarpleaseJan 13, 2023 6:10 AM
492 Comments
oh man, this thread gonna go a few hundred pages before March.
1

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