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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 2,614,720 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 12:37 PM
395 Posts
Joined May 2016
billironman1Jan 13, 2023 12:37 PM
395 Posts
The sign should read -
Please try me in sub freezing Temps.
1
Jan 13, 2023 12:38 PM
1,592 Posts
Joined Jan 2010
suprenJan 13, 2023 12:38 PM
1,592 Posts
Quote from dashinghunk :
A used CPO 2020 Model Y with 35K miles is same price as a new 2023 model now?
prices on used will drop soon
Jan 13, 2023 12:38 PM
1,272 Posts
Joined Jan 2011
dapurplertJan 13, 2023 12:38 PM
1,272 Posts
Nah fam. Too many borrow stories and when you look at how lacking they are in both quality control and the ability to actually honor their warranties compared to real auto manufacturers - it's obvious why why is happening is happening.... 😬
Jan 13, 2023 12:38 PM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 13, 2023 12:38 PM
1,719 Posts
Quote from dmcccdmn :
Was hoping to do a refundable reservation and think later, but it appears they required a $250 non-refundable order Fee. Tried to order a Red 5-seater but the Red color pushes the price over $55,000 so disqualifies the tax credit. I'm more than a little worried that the 7-seater Model Y can't accommodate 3 car seats. Anyone have any clue? I have 2 Chicco NextFit car seats and those are pretty wide and bulky. Would hate to waste hundreds of dollars to buy entirely new car seats to fit a Model Y.

I'm already locked in the $7500 tax credit with the Rivian R1S, but they say expect delivery late 2023. The Rivian R1S so so much more roomy and would work, but that delivery date is a concern. The Model Y delivery date is better, but that interior dimension is a little concerning.
MY LR Red is $54,990, so still qualifies.
Jan 13, 2023 12:39 PM
395 Posts
Joined May 2016
billironman1Jan 13, 2023 12:39 PM
395 Posts
Quote from SamirPD :
It depends on your definition of wealthy. There an article that shows how the model 3 is actually cheaper to own than the camry when you look at it over time. And I wholeheartedly agree after having ours for a few years and the almost zero maintenance costs.
Worldwide, if you make more than $13,000 a year, you are in the 1%.
1
Jan 13, 2023 12:39 PM
177 Posts
Joined Feb 2016
yuemashJan 13, 2023 12:39 PM
177 Posts
Quote from dragontales :
Do I tell payroll at work just simply set aside $7500/24 paychecks for me?
Yes, enroll in the deferred compensation plan (DCP) that excludes your DCP contribution from adjusted gross income.
Jan 13, 2023 12:40 PM
846 Posts
Joined May 2013
SamirPDJan 13, 2023 12:40 PM
846 Posts
Quote from DannieT9 :
My friend who works for Carmax sent me a picture of the prices of Teslas and how they've tanked in the past year because they bought model at 60k and now can't sell for 39k now and they're fud. Plus my friend is a prick
Fixed it for you. laugh out loud

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Jan 13, 2023 12:40 PM
1,151 Posts
Joined Jul 2013
buy_now_think_laterJan 13, 2023 12:40 PM
1,151 Posts
Does anyone know credit can be claimed for 2 evs in 2023 provided income limits and tax liability requirements are met?
I only saw used ev credit is once every 3 years. No mention of that for new cars.
Jan 13, 2023 12:42 PM
17 Posts
Joined Mar 2018
jdang7891Jan 13, 2023 12:42 PM
17 Posts
Quote from ilikeallofu :
MY LR Red is $54,990, so still qualifies.
I believe it is $85K limit eligibility for SUV/Truck and $55K for passenger vehicles
Jan 13, 2023 12:42 PM
1,193 Posts
Joined Apr 2018
CalmCreator709Jan 13, 2023 12:42 PM
1,193 Posts
Thanks OP. In for two.
1
Jan 13, 2023 12:43 PM
177 Posts
Joined Feb 2016
yuemashJan 13, 2023 12:43 PM
177 Posts
Quote from westmi :
If you AGI is over $300,000 per year, there are many ways to reduce it.
Add to IRA, Charity, HSA etc.

One might agree if a couple is making over $300K, you should increase charity, or don't need the tax credit.
If you make 300k or more on your AGI you can't take advantage of IRA as you can only contribute your after tax income
Jan 13, 2023 12:43 PM
1,592 Posts
Joined Jan 2010
suprenJan 13, 2023 12:43 PM
1,592 Posts
Quote from iamharsh :
I meet the income requirement in 2022, won't in 2023. So I can ask for credit in 2023 income tax returns next year, that correct?
2022 is irrelevant at this point.
if you buy now (keep price under 55k for 5 seater) and meet AGI (<300k for married) and your 2023 tax due must be >7500.
then you can get 7500 when you file 2023 taxes in 2024.
1
Jan 13, 2023 12:44 PM
6 Posts
Joined Dec 2014
mchittester58Jan 13, 2023 12:44 PM
6 Posts
But it will survive a 250 foot plunge off a cliff and with the new sulfur batteries coming, Musk is light years ahead of the competition 🤔
1
Jan 13, 2023 12:44 PM
4,774 Posts
Joined Mar 2009
bigDeal44Jan 13, 2023 12:44 PM
4,774 Posts
Quote from hallaj33 :
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?
You could rollover traditional 401k onto a Roth

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Jan 13, 2023 12:44 PM
1,954 Posts
Joined Aug 2005
tunnieJan 13, 2023 12:44 PM
1,954 Posts
Damn all the people who bought a few months ago… that's terrible.

Think everyone who did should all protest like china lol
1

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