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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 2,614,845 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 08:08 AM
4,707 Posts
Joined Nov 2010
APhamXJan 13, 2023 08:08 AM
4,707 Posts
Does anyone know how many cars/how long this credit lasts? I see in details that it says credit may change after march 2023 but I can't find any info regarding limitation in the clean air vehicle on the irs site
Jan 13, 2023 08:08 AM
14 Posts
Joined May 2022
Glade2-Pronounce-TapJan 13, 2023 08:08 AM
14 Posts
Quote from xvx :
I honestly couldn't be paid to drive a Tesla. Garbage company with a garbage CEO. Subpar craftsmanship, subpar parts, subpar experience. I'd literally drive ANY other EV.
Sallllt lyfeeeeee
1
4
Jan 13, 2023 08:08 AM
2,348 Posts
Joined May 2007
DragonflyPunchJan 13, 2023 08:08 AM
2,348 Posts
If you are considering an electric car in the future, but don't need one immediately, I would suggest that you wait a bit to see what options are coming up. There are 150 electric car models that will be released in US within the next three years. I'm sure that's part of the reason why Tesla is dropping their prices. They are the market leader in electric cars today, but luxury car makers have been doing 'luxury' better; just that they didn't have a good electric option. That is most definitely going to change soon enough. I'm not saying Tesla is a bad option, just that if you don't absolutely love Tesla, be aware that this market segment is going to explode in choices very soon.
Last edited by DragonflyPunch January 13, 2023 at 01:11 AM.
Jan 13, 2023 08:08 AM
2,240 Posts
Joined Oct 2008
flightxxxJan 13, 2023 08:08 AM
2,240 Posts
how much does it cost tesla to make a model Y? any idea if further price cuts are coming? curious what their margins are per model y
Jan 13, 2023 08:10 AM
332 Posts
Joined Aug 2017
rxdemonJan 13, 2023 08:10 AM
332 Posts
Import from china?

For sure auto market is gonna tank a bit to normal or below in couple months.
Jan 13, 2023 08:11 AM
11,685 Posts
Joined May 2007
superslickzJan 13, 2023 08:11 AM
11,685 Posts
Quote from LivelyDime2637 :
So it seems like it is better to put in a custom order instead of an inventory order?
Inventory order = vision only cars.
Custom order = radar equipped cars, as long as you get delivery by March.
How do you specify custom order vs inventory order?

What's so special about March?
Jan 13, 2023 08:11 AM
1,245 Posts
Joined Nov 2007
CrucehJan 13, 2023 08:11 AM
1,245 Posts
Quote from Glade2-Pronounce-Tap :
Sallllt lyfeeeeee
Yeah must be nice being brainwashed and not even aware of it.
4

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Jan 13, 2023 08:12 AM
332 Posts
Joined Aug 2017
rxdemonJan 13, 2023 08:12 AM
332 Posts
Quote from DragonflyPunch :
If you are considering an electric car in the future, but don't need one immediately, I would suggest that you wait a bit to see what options are coming up. There are 150 electric car models that will be released in US within the next three years. I'm sure that's part of the reason why Tesla is dropping their prices. They are the market leader in electric cars today, but luxury car makers have been doing 'luxury' better; just that they didn't have a good electric option. That is most definitely going to change soon enough. I'm not saying Tesla is a bad option, just that if you don't absolutely love Tesla, be aware that this market segment is going to explode in choices very soon.
Yup all competitors are ready with multiple models and subscriptions tier stuff.
Jan 13, 2023 08:12 AM
139 Posts
Joined Aug 2006
PromitheasJan 13, 2023 08:12 AM
139 Posts
Quote from CoolTerrier809 :
My experience with tesla has been, you book your car and wait about a year before you get your car. They will tell you it's at the port, batteries are taking time due to delivery issues, and all sorts of delays. I was supposed to get my car in 3 months maximum. Now I'm driving a mach-e, don't want to deal with tesla ever again.
Ro, is that you?
Jan 13, 2023 08:12 AM
113 Posts
Joined Oct 2018
LivelyDime2637Jan 13, 2023 08:12 AM
113 Posts
Quote from flightxxx :
how much does it cost tesla to make a model Y? any idea if further price cuts are coming? curious what their margins are per model y
It costs roughly the same as it costs to make a model 3 (~$37-38k) since they share most of their platform.
1
Jan 13, 2023 08:13 AM
113 Posts
Joined Oct 2018
LivelyDime2637Jan 13, 2023 08:13 AM
113 Posts
Quote from superslickz :
How do you specify custom order vs inventory order?

What's so special about March?
EV tax credit is getting revised in March. So there will be additional rules on what does and doesn't qualify (and who does and doesn't).
Jan 13, 2023 08:14 AM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 08:14 AM
509 Posts
does he get to bill you if he increases his price? just asking
Quote from Dealhunter30 :
Damn! Bought Tesla Model Y on Dec 30th for $66k..That is like $11k loss in 14 days 😬😬.. Musk has to give some enhanced autopilot for those who bought last year 😀
1
Jan 13, 2023 08:14 AM
292 Posts
Joined Mar 2017
ThegoodslitJan 13, 2023 08:14 AM
292 Posts
Quote from crazycreations :
soooo... for $45,490?

Vehicle Price
$52,990
Destination fee
$1,390
Order fee
$250
Your Model Y
$54,630
Excluding taxes & other fees

Your design qualifies for a $7,500 federal tax credit for eligible buyers.

See Details
I thought dealers give the credit right away? Does Tesla make you wait till tax season?
Jan 13, 2023 08:16 AM
2,679 Posts
Joined Jun 2007
89turboiiJan 13, 2023 08:16 AM
2,679 Posts
That's FL5 money right there.

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Jan 13, 2023 08:16 AM
171 Posts
Joined Aug 2007
AraexJan 13, 2023 08:16 AM
171 Posts
Quote from Thegoodslit :
I thought dealers give the credit right away? Does Tesla make you wait till tax season?
I can't imagine any dealers will give credit right away because everyone's eligibility is different.

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