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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 2,614,352 Views
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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 09:49 AM
335 Posts
Joined Aug 2011
play2winitJan 13, 2023 09:49 AM
335 Posts
Wasn't the model 3 supposed to be under 30k when it first came out?
Jan 13, 2023 09:50 AM
399 Posts
Joined Nov 2014
EliteDealHunterJan 13, 2023 09:50 AM
399 Posts
Quote from vndragonslayer :
nobody is rushing out to buy chinese brand cars. if tainted milk powder, food, and paint doesnt ring a bell, buying one will
Wait until you're at the Tesla service center with no loaner cars a few weeks after you pick up your brand new car so they can try to fix the things they forgot to do when they built it.
Jan 13, 2023 09:51 AM
1,967 Posts
Joined May 2022
1453191819231991Jan 13, 2023 09:51 AM
1,967 Posts
Honestly, changed my mind of ever buying Tesla after getting to know who Musk really was. Maybe after he is ousted from the company I'll give it a thought again.

If can't judge by moral standards when you are dropping $60k, when then?

That said, this is just personal opinion.
13
Jan 13, 2023 09:52 AM
2,324 Posts
Joined Sep 2009
razmanJan 13, 2023 09:52 AM
2,324 Posts
Quote from EfficientWalrus7040 :
Donating to charity is a write off. That reduces your taxable income. A tax credit is a dollar for dollar credit against your tax bill. If you owed $10,000 you'd now owe $2,500. If you owed $500 you'd be getting a rebate of $7,000.
Not true!!! If you owed $500 you would only get $500 credit. To receive full $7500, you need to owe the feds $7500.
Jan 13, 2023 09:52 AM
335 Posts
Joined Aug 2011
play2winitJan 13, 2023 09:52 AM
335 Posts
Quote from ElatedHill7496 :
In China, Tesla's price has been dropped to Model Y $38,800, model 3 $34,500. Because BYD produces more, cheaper and much safer advanced batteries. BTW, BYD will sell in the US soon. Model Han under $30,000. Model dolphin could be under $20000 or less. Imagine how much Tesla will be at that time? PC plus 2 sofas n 4 wheels with bunch of AAA batteries.
This is why tesla stock has been dropping and won't recover with all of these new evs online and why Elon tries to distract by purchasing twitter.
1
Pro
Jan 13, 2023 09:53 AM
1,121 Posts
Joined Dec 2017
YouGnomeSayin
Pro
Jan 13, 2023 09:53 AM
1,121 Posts
$66k Tesla dropping in price by 30% to $46k. What is the implication of this? Are they anticipating the economy in 2023 to go down the toilet like 💩?
1
Jan 13, 2023 09:53 AM
69 Posts
Joined Feb 2011
teslafan_netJan 13, 2023 09:53 AM
69 Posts
Quote from seanleeforever :
have you check who is the biggest oil exporter in recent years?

FYI, US is number 3 on the list, iraq is 5, UAE is 6
"According to our February 2022 Short-Term Energy Outlook (STEO), we expect net crude oil imports to increase, making the United States a net importer of petroleum in 2022. A country is a net importer if it imports more of a commodity than it exports."
1

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Jan 13, 2023 09:54 AM
20 Posts
Joined Nov 2020
ElatedHill7496Jan 13, 2023 09:54 AM
20 Posts
Quote from vndragonslayer :
nobody is rushing out to buy chinese brand cars. if tainted milk powder, food, and paint doesnt ring a bell, buying one will
People in South Asia are camping overnight in line just for get one BYD. Europeans are ordering a crazy number of BYD. BYD blade battery will not cause fire as easy as Tesla. Much Safer. BTW, US is No. 1 in buying Chinese products in the world.
Last edited by ElatedHill7496 January 13, 2023 at 03:09 AM.
Jan 13, 2023 09:56 AM
399 Posts
Joined Nov 2014
EliteDealHunterJan 13, 2023 09:56 AM
399 Posts
Quote from razman :
Not true!!! If you owed $500 you would only get $500 credit. To receive full $7500, you need to owe the feds $7500.
This. The EV tax credit is non-refundable. If you don't owe $7500 in taxes then the most you can get is whatever amount you do owe in taxes.
Jan 13, 2023 09:56 AM
528 Posts
Joined Jul 2011
mustangponyJan 13, 2023 09:56 AM
528 Posts
Quote from ELUNO :
lol, Tesla sales really took a hit.
100%. My friend who works at Tesla factory can vouch for it. Also horrible customer service. I'd buy an EV from a real car manufacturer.
Last edited by mustangpony January 13, 2023 at 02:58 AM.
1
Jan 13, 2023 09:56 AM
842 Posts
Joined Apr 2006
Corporate ThugJan 13, 2023 09:56 AM
842 Posts
Quote from TonyL6932 :
Interesting...you forget LaFerrari is actually a performance Hybird. Who said Hybird cannot be performance based?
To be fair, LaFerrari "hybrid" was kind of a gimmick. They added KERS for small periods of boost but it's not really an active hybrid system like the Porsche 918
1
Jan 13, 2023 09:58 AM
69 Posts
Joined Feb 2011
teslafan_netJan 13, 2023 09:58 AM
69 Posts
Quote from 1453191819231991 :
Honestly, changed my mind of ever buying Tesla after getting to know who Musk really was. Maybe after he is ousted from the company I'll give it a thought again.

If can't judge by moral standards when you are dropping $60k, when then?

That said, this is just personal opinion.
Tesla is more than just Elon Musk. Do you make the same decision when buying food or your phone because of some guy working at that company? Elon doesn't own Tesla. He works for Tesla.

the money goes to all shareholders and their current & future employees. it's not all go to Musk.
Last edited by teslafan_net January 13, 2023 at 03:01 AM.
1
4
Jan 13, 2023 09:58 AM
1,903 Posts
Joined Apr 2007
topchoJan 13, 2023 09:58 AM
1,903 Posts
Quote from dvrrajesh :
My daughter is doing residency and she gets around 65k/year. I know i am not eligible. As of now she gets taxes withhold and end of year I am sure she may not owe any taxes. How do I get her to withhold taxes so that she owes 7.5k? Any help. I just placed an order for model Y. Do I register in her name ?

Also I found new one locally 100 miles away with the specs I wanted. So I ordered that one instead of doing custom order.
Her owing taxes has noting to do with any withholding.
Jan 13, 2023 09:58 AM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 09:58 AM
509 Posts
i dont see singaporeans lining up to buy these. i can see the appeal from developing/poor countries lining up for upgrade from their bicycles and moped to a car. but in murica.. people care more about safety than anything.. you're welcome to be the first to buy a chinese branded auto with no reputation in the u.s and who know if they will do proper service/warranty work.
Quote from ElatedHill7496 :
People in South Asia are camping overnight in line just for get one. Europeans are ordering a crazy number of BYD. BYD blade battery will not cause fire like Tesla. Much Safer.
5

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Jan 13, 2023 09:59 AM
27 Posts
Joined Mar 2011
Tung01Jan 13, 2023 09:59 AM
27 Posts
When can we apply for the tax credit? This year our next year?

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