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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

12,285 Comments 2,615,686 Views
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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.

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 06:11 AM
338 Posts
Joined Dec 2006
kenfusedJan 13, 2023 06:11 AM
338 Posts
Quote from SpaceTime :
I took delivery of Tesla Model Y LR in June 2022. Am I eligible for the tax credit?
No Teslas qualified in 2022
Jan 13, 2023 06:11 AM
6,269 Posts
Joined Jul 2008
hanabieJan 13, 2023 06:11 AM
6,269 Posts
Before you buy, make sure you understand that the threshold is $55k.

The performance model is not eligible.
2
Jan 13, 2023 06:11 AM
6,329 Posts
Joined Jul 2005
Mike_HawkJan 13, 2023 06:11 AM
6,329 Posts
Oh FFS, it even made FP on SD? laugh out loud

I'm proper F'd trying to sell my '18 3 Performance now. Lovely.
1
1
Jan 13, 2023 06:14 AM
225 Posts
Joined Apr 2019
Henry2006Jan 13, 2023 06:14 AM
225 Posts
You have to take delivery before March to qualify right? With this big influx of order it might be close....
1
Jan 13, 2023 06:15 AM
435 Posts
Joined Jan 2014
Luka817Jan 13, 2023 06:15 AM
435 Posts
Quote from Mike_Hawk :
Oh FFS, it even made FP on SD? laugh out loud

I'm proper F'd trying to sell my '18 3 Performance now. Lovely.
Curious how much high and low $ you may fetch for your 18 Model 3?
Jan 13, 2023 06:15 AM
1,211 Posts
Joined Oct 2008
California-BoyJan 13, 2023 06:15 AM
1,211 Posts
Quote from carolin1995 :
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?
I didn't check the price for Model 3. Tax credit is available Model 3 now anyway.
Jan 13, 2023 06:15 AM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 13, 2023 06:15 AM
3,694 Posts
Quote from SDJunkie76 :
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.
Basically one of the biggest cons onto taxpayers God forbid IRS feel the brunt of lower tax revs from earned income commoner.
1

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Jan 13, 2023 06:15 AM
1,794 Posts
Joined Nov 2005
g10nyJan 13, 2023 06:15 AM
1,794 Posts
Well, if you make less than $150K alone or $300K with the spouse, blowing ~$50K on this may not be the best move, regardless of the tax credit.
16
Jan 13, 2023 06:16 AM
12 Posts
Joined Nov 2017
dearpigJan 13, 2023 06:16 AM
12 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
I am with you, picked up my Y LR just before Thanksgiving 2022, your numbers applied to me too but you got 10000 supercharger miles. I don't think anyone else could have a worse deal than mine, maybe except the owners who received cars between thanksgiving and Dec 15th.
Jan 13, 2023 06:16 AM
276 Posts
Joined Mar 2006
shakeNbake19Jan 13, 2023 06:16 AM
276 Posts
Some states & utilities still have their rebates going on as well.
Jan 13, 2023 06:17 AM
6,329 Posts
Joined Jul 2005
Mike_HawkJan 13, 2023 06:17 AM
6,329 Posts
Quote from Luka817 :
Curious how much high and low $ you may fetch for your 18 Model 3?
Coulda sold it to a tow a way VIN outfit a few months ago for $48k. But nooooo, I was holding out for an "easy" $50k from a private party. Now I'll be lucky to get $35k.

Only silver lining is wait times go thru the roof and might get a bit of a dead cat bounce and peace out @ $40k.
3
Jan 13, 2023 06:18 AM
315 Posts
Joined Nov 2010
heverleeJan 13, 2023 06:18 AM
315 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
Sorry for your loss, now I understand why folks in China were outrageous when TSLA abruptly cut the price a few days ago.
2
Jan 13, 2023 06:18 AM
45 Posts
Joined Sep 2009
xeothoughtJan 13, 2023 06:18 AM
45 Posts
Can you hack this and return it and keep the battery? 😂
6
3
Jan 13, 2023 06:18 AM
2,949 Posts
Joined Dec 2010

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Jan 13, 2023 06:18 AM
568 Posts
Joined Mar 2009
W0rmyJan 13, 2023 06:18 AM
568 Posts
Feel like such a chump for thinking $7500 discount and 10K supercharger miles was a deal when I took delivery end of December. Wasn't qualified for tax credit but the instant depreciation hurts to think about
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