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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 2,616,675 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 07:47 AM
4,707 Posts
Joined Nov 2010
APhamXJan 13, 2023 07:47 AM
4,707 Posts
Quote from ITZY_Yeji :
If you're single and qualify for the tax credit, you should not be purchasing a car this expensive.
Idk if you make 145k a year you prob can afford a 40k car.
3
Jan 13, 2023 07:47 AM
4,707 Posts
Joined Nov 2010
APhamXJan 13, 2023 07:47 AM
4,707 Posts
Quote from Cruceh :
Still don't meet income requirements....
Good problem to have :,)
1
Jan 13, 2023 07:47 AM
2,972 Posts
Joined Feb 2011
KensicJan 13, 2023 07:47 AM
2,972 Posts
Quote from RowlandC :
People with tax questions. Look at your 2021 1040 tax form. If line 24 is at least $7500 and your 2023 income is the same or above 2021 you'll maximize the $7500 ev credit. Simple as that.


look at the Line 11 for your adjusted gross income. if its less than 150k for filing single. then go look at line 24.
Jan 13, 2023 07:47 AM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 07:47 AM
509 Posts
Quote from d0min0 :
i just tax loss harvested a shit load of losses back in december for 2022, so much so that i didn't even make shit last year lol. can i still get this EV credit?
you dont get what u dont owe.. tax credit isn't free money.. its just credit to offset something you owe to uncle sam.
Jan 13, 2023 07:48 AM
1,003 Posts
Joined Nov 2013
sowhatwegetdrunkJan 13, 2023 07:48 AM
1,003 Posts
Quote from Hawk2007 :
I still would like to see the math of how you're missing out on a $7,500 cash money check from the IRS/government.
$7,500 rebate only started from Jan 1, 2023
Jan 13, 2023 07:48 AM
204 Posts
Joined Nov 2009
whizboyJan 13, 2023 07:48 AM
204 Posts
Doe this mean that other manufacturers jacking up their EV's by 10s of thousands just in the name of full electric, will also bring the prices down to realistic levels and not rip off naive customers?
1
Jan 13, 2023 07:48 AM
22,498 Posts
Joined Dec 2006
Hawk2007Jan 13, 2023 07:48 AM
22,498 Posts
Quote from sowhatwegetdrunk :
$7,500 rebate only started from Jan 1, 2023
It's a tax credit tho

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Jan 13, 2023 07:49 AM
4,707 Posts
Joined Nov 2010
APhamXJan 13, 2023 07:49 AM
4,707 Posts
Quote from Saki :
Did Tesla Pay Slickdeals for this ad?
Probably not but it is a pretty slick deal for those looking to get one for the past two years with the insane mark ups
Jan 13, 2023 07:49 AM
1,003 Posts
Joined Nov 2013
sowhatwegetdrunkJan 13, 2023 07:49 AM
1,003 Posts
Quote from Hawk2007 :
It's a tax credit tho
So? It's valid only for purchases from Jan 1
Jan 13, 2023 07:51 AM
3,575 Posts
Joined Jun 2005
dragontalesJan 13, 2023 07:51 AM
3,575 Posts
Quote from RowlandC :
People with tax questions. Look at your 2021 1040 tax form. If line 24 is at least $7500 and your 2023 income is the same or above 2021 you'll maximize the $7500 ev credit. Simple as that.
Question, if we owe very little are there methods to make ourselves owe more (close to 7500) by the end of the year?
Jan 13, 2023 07:53 AM
4,707 Posts
Joined Nov 2010
APhamXJan 13, 2023 07:53 AM
4,707 Posts
Quote from Kensic :
look at the Line 11 for your adjusted gross income. if its less than 150k for filing single. then go look at line 24.
If you purchase 2023, you can look at 2021?
2
Jan 13, 2023 07:54 AM
1,003 Posts
Joined Nov 2013
sowhatwegetdrunkJan 13, 2023 07:54 AM
1,003 Posts
Quote from dragontales :
Question, if we owe very little are there methods to make ourselves owe more (close to 7500) by the end of the year?
Its not based on how much you owe when you file taxes. Line 24 on 1040 is the total federal tax you are supposed to pay. Even if you owe nothing when filing (and paid it all via payroll deductions), as long as Line 24 is $7500 or above (so you make about ~ $75K (this $75K number varies based on your retirement deductions, etc) or more), then you will get the full rebate
Last edited by sowhatwegetdrunk January 13, 2023 at 12:57 AM.
Jan 13, 2023 07:54 AM
22,498 Posts
Joined Dec 2006
Hawk2007Jan 13, 2023 07:54 AM
22,498 Posts
Quote from sowhatwegetdrunk :
So? It's valid only for purchases from Jan 1
So... Nobody is in a 100% FIT bracket at the current clean vehicle AGI limits.
Jan 13, 2023 07:54 AM
621 Posts
Joined Aug 2011
touche112Jan 13, 2023 07:54 AM
621 Posts
Welp sucks that I bought one in June 🤣

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Jan 13, 2023 07:55 AM
9,935 Posts
Joined Jun 2008
runtohell121Jan 13, 2023 07:55 AM
9,935 Posts
Quote from Henry2006 :
I'm choosing between the two. What's you take charging infrastructure aside? Always feels like tesla is too primitive inside and the look is getting old...
The ID.4 is a comfortable commuter car, but don't expect the greatest tech and software updates like a Tesla; it's a great EV transition car I would say. Charging speed is not the best compared to other EVs, but acceptable. Also don't expect it to be fast like others are saying EVs are usually fast, but not the ID.4; it's quick enough. Range was rated at 260 miles, but my driving style would get me roughly 150-180 before charging at a comfortable SOC %.

Can't really go wrong with the price, at least in 2021 when the price was ~$42K for the base ID.4 Pro before tax incentive and local/state rebate.

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