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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 2,614,217 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 08:17 AM
1,564 Posts
Joined May 2018
mintblue3411Jan 13, 2023 08:17 AM
1,564 Posts
If you don't qualify 7500 credit, I suggest you wait after march, it will drop further
Jan 13, 2023 08:18 AM
109 Posts
Joined Oct 2014
BobC4506Jan 13, 2023 08:18 AM
109 Posts
Everyone needs to stop stressing. You bought the car at a certain time. No one can predict the future. Some win some lose. Enjoy the car and enjoy life. Time is short. Make the most of it
1
Jan 13, 2023 08:18 AM
88 Posts
Joined Aug 2016
joshcrawfordJan 13, 2023 08:18 AM
88 Posts
Quote from PocketsThick :
It's because of the economic pain coming in 2023. Car sales are going to be down this year, the layoffs are already starting to happen. Tesla is trying to push as many sales as they can before the pain starts to be felt, and they aren't able to sell units as easily.
You say this, but the job market says otherwise.
1
Jan 13, 2023 08:19 AM
44 Posts
Joined Nov 2016
manubatham20Jan 13, 2023 08:19 AM
44 Posts
Tesla just made its existing customers super pissed. You can't just drop the price like this, until the car is not worth the earlier price at the first place, or you are giving sub standard car to new customers. Seems like now Tesla is desperate to sell its cars, because people started realizing Tesla's lies.
5
Jan 13, 2023 08:21 AM
171 Posts
Joined Dec 2012
Hank5150Jan 13, 2023 08:21 AM
171 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.
It's not just the $7500 , it's the price reduction on top of that too.
Jan 13, 2023 08:22 AM
125 Posts
Joined May 2017
KeenDJan 13, 2023 08:22 AM
125 Posts
Quote from Thegoodslit :
I thought dealers give the credit right away? Does Tesla make you wait till tax season?
It's the plan for next year (at least for now, you know IRS).

For now it is your job to claim it in your tax return, no matter which brand you're shopping with.
Jan 13, 2023 08:22 AM
33 Posts
Joined Oct 2019
SplendidMagic951Jan 13, 2023 08:22 AM
33 Posts
Quote from mintblue3411 :
If you don't qualify 7500 credit, I suggest you wait after march, it will drop further
Does the income limitations reduce in March ?

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Jan 13, 2023 08:22 AM
397 Posts
Joined Nov 2005
OutlawdevilJan 13, 2023 08:22 AM
397 Posts
Quote from manubatham20 :
Tesla just made its existing customers super pissed. You can't just drop the price like this, until the car is not worth the earlier price at the first place, or you are giving sub standard car to new customers. Seems like now Tesla is desperate to sell its cars, because people started realizing Tesla's lies.
Are you one of the pissed Chinese customers?
1
Jan 13, 2023 08:23 AM
171 Posts
Joined Aug 2007
AraexJan 13, 2023 08:23 AM
171 Posts
Quote from SplendidMagic951 :
Does the income limitations reduce in March ?
No, but in March, the rule about battery sourcing will kick in, and the tax rebate will likely half to $3,750. If the demand drops due to that, Tesla will have to drop price further to increase demand.
Jan 13, 2023 08:26 AM
946 Posts
Joined Jan 2007
sjaxkingpinJan 13, 2023 08:26 AM
946 Posts
Wow... Great deal if you are in the market
Jan 13, 2023 08:26 AM
2,090 Posts
Joined Mar 2013
LamePeopleBlameJan 13, 2023 08:26 AM
2,090 Posts
Quote from henryfw :
The $7500 has income caps:

Adjusted Gross Income Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
For higher than 300k will they lose the full rebate of 7500 or prorated?
Jan 13, 2023 08:26 AM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 08:26 AM
509 Posts
Quote from manubatham20 :
Tesla just made its existing customers super pissed. You can't just drop the price like this, until the car is not worth the earlier price at the first place, or you are giving sub standard car to new customers. Seems like now Tesla is desperate to sell its cars, because people started realizing Tesla's lies.
are recent tesla buyers buying their cars monthly/or yearly? did you buy tesla stock at the peak in 2021?
2
Jan 13, 2023 08:28 AM
807 Posts
Joined Dec 2007
koberulz909Jan 13, 2023 08:28 AM
807 Posts
Elon doesn't owe anyone anything. YOU chose to buy the car, enjoy it.

That being said, my dreams of selling prior to warranty expiration is fleeting. I'll probably have to hold longer than expected.

It's a shame because I miss luxury interiors of previous makes.

Here's to hoping I don't have too many out of warranty issues, service is abysmal with tesla.
2
Jan 13, 2023 08:29 AM
13 Posts
Joined Aug 2014
RockyBazingaJan 13, 2023 08:29 AM
13 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
But didn't you get the $7500 credit directly from Tesla?
Last edited by ssrini20 January 13, 2023 at 01:39 AM.

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Jan 13, 2023 08:30 AM
125 Posts
Joined May 2017
KeenDJan 13, 2023 08:30 AM
125 Posts

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

Quote from SplendidMagic951 :
Does the income limitations reduce in March ?
No, but the credit requirement will become much harder to meet.
For now it is only required the that car to be assembled in US.
From March, to get the full credit, the battery needs to be assembled in US, and the battery materials need to be partially sourced from North America, too. Otherwise, you get only half the credit, $3750.
It is said that no one can meet that battery requirement. (GM said it will take them at least 1 year to meet the requirement. No official words from Tesla yet.)
Last edited by KeenD January 13, 2023 at 01:53 AM.
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