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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 2,615,102 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 12:02 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 13, 2023 12:02 PM
3,419 Posts
Wow I predicted this would happen when the $7500 rebate was applied in Dec end of year sale. I was reading through the tax rebate and figured they'd do this to move more cars.

See https://slickdeals.net/f/16329616-ymmv-tesla-model-3-and-model-y-take-delivery-between-12-21-2022-and-12-31-2022-and-receive-7-500-discount-and-10-000-supercharger-credits?v=1&p=160833211#post160833211

I may try to convenience the wife to pick up Model 3 Performance.
Jan 13, 2023 12:02 PM
787 Posts
Joined Jul 2019
JustinL1Jan 13, 2023 12:02 PM
787 Posts
Pretty unreal. They went from almost never price adjusting over the last few years to multiple in the last 2 months or so. All of that big deal for end of year promo and now this which
Is much much better than in December. Frankly I'd be a little pissed if I bought in December.
Jan 13, 2023 12:04 PM
3 Posts
Joined Oct 2018
ShrewdSeed8006Jan 13, 2023 12:04 PM
3 Posts
Is the federal tax credit different from state incentives? New Jersey has a up to $4000 tax incentive. Can I stack that on top of the federal tax credit?
Jan 13, 2023 12:04 PM
846 Posts
Joined May 2013
SamirPDJan 13, 2023 12:04 PM
846 Posts
Quote from ElatedHill7496 :
In China, Tesla's price has been dropped to Model Y $38,800, model 3 $34,500. Because BYD produces/sells 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?
Another IP thief going to do a pump and dump, eh? This is why I never wanted Tesla to build in china--the land of IP theft, corruption and more theft. It's a way of life. You know what thieves never do? Invent. Create. Have original ideas that make products.

Keep the thieves and their fake goods where they belong--none of us in the western world want anything to do with them.
2
Jan 13, 2023 12:06 PM
846 Posts
Joined May 2013
SamirPDJan 13, 2023 12:06 PM
846 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.
Interesting how Tesla is judged by a single person when 'the big 3' as well as companies like VW have had all sorts of problems but no single face to blame it all on. Just saying...Peace
1
Jan 13, 2023 12:06 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 12:06 PM
4,419 Posts
Quote from 247DEALS365 :
For those that recently took delivery prior to Tesla removing all of the Ultra Sonic Sensors, just be glad that you have something that's useful. You have a superior variant vs the gimped 2023* models.

Tesla removing features and calling it a feature or an upgrade is a total Apple move. It's clearly a cost cutting spree.

Remember guys, there is value in owning something now and enjoying it. No one has a Crystal ball so make peace with things and enjoy your ownership.

The price drops were kind of predicable, but just be glad that you have a superior variant with sensors and real Brembo brakes- (referring to the new performance model Ys that have rear fake Brembo's with a plastic caliper that's painted Red.) Not kidding.

If the price drop that has been nothing short of a sucker punch to recent Tesla buyers wasn't enough, this won't be the last time that Tesla will add insult to injury.

There are a plethora of EV options literally just around the corner. Hang tight.
The Ultra sonic sensors which i have on mines have been disabled on one of the new software updates. They went with all cameras for detection. You also forgot to mention the useless heat warmers in the back seats that we have as well.
Last edited by Mydiscover January 13, 2023 at 05:08 AM.
Jan 13, 2023 12:06 PM
79 Posts
Joined Nov 2019
ElatedWing7539Jan 13, 2023 12:06 PM
79 Posts
Sooo does this mean Tesla will not raise the price on my pre-order CyberTruck? If it goes into production this year? Ya, I wish.

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Jan 13, 2023 12:09 PM
126 Posts
Joined Oct 2016
amclymonJan 13, 2023 12:09 PM
126 Posts
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
Jan 13, 2023 12:10 PM
9,681 Posts
Joined Apr 2006
TnycJan 13, 2023 12:10 PM
9,681 Posts
Hey Elon, why not cut the prices by half just like you did with Twitter's workforce? 😋 On a serious note, how easy is it to maintain an electric car? No fluid changes and the brakes/rotors last a longggg time?
Jan 13, 2023 12:10 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 12:10 PM
4,419 Posts
Quote from amclymon :
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
You still got hosed. I paid a little less then $46k after rebate for 2020 Model Y LR and feel i got hosed. LMAO
Jan 13, 2023 12:12 PM
238 Posts
Joined Mar 2011
JanetteLnJan 13, 2023 12:12 PM
238 Posts
Quote from WilliamG :
Not sure that's correct. Believe you have to owe at least $7500 in taxes to get that full $7500 credit. So if you only owed $5000 in federal taxes, you'd only get $5000 back out of the $7500. At least, that's how I've always understood this to work historically.
That's what I thought.
Jan 13, 2023 12:12 PM
17 Posts
Joined Mar 2018
jdang7891Jan 13, 2023 12:12 PM
17 Posts
Quote from amclymon :
Well damn I picked up 12/28/22 Y performance

But I got 10k charging miles
7500 credit
5200 discount(long story)
64k OTD

Was hella excited with the equity

Performance doesn't get tax credit so basically I broke even.

Kinda pissed because a certain car had the discount and if I had the choice I would went blue/grey with white interior. I have red/black

This guy Elon Smfh
You got $5,200 discount from Tesla?
Jan 13, 2023 12:13 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 12:13 PM
4,419 Posts
Quote from jdang7891 :
You got $5,200 discount from Tesla?
Yeah sure they did.
Jan 13, 2023 12:14 PM
1,214 Posts
Joined Jul 2010
lenserJan 13, 2023 12:14 PM
1,214 Posts
Wish the Y and 3 were not so ugly and didn't come with just a tablet in the middle.
2

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Jan 13, 2023 12:14 PM
341 Posts
Joined Apr 2015
hallaj33Jan 13, 2023 12:14 PM
341 Posts
This is going to sound dumb, but is there a way to increase my tax liability so that this tax credit would actually benefit me?

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