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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 2,614,138 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 02:39 PM
7 Posts
Joined Apr 2021
MellowPocket6047Jan 13, 2023 02:39 PM
7 Posts
Is Tesla still doing price match for 30 days ?
Jan 13, 2023 02:39 PM
53 Posts
Joined Sep 2018
SamudraLJan 13, 2023 02:39 PM
53 Posts
Quote from strangevil :
Man pour one out for the folks who bought this in November without any credit and paid nearly 70K for this car. I never for once thought this was a 70K car. This is much closer to its true value especially when there is a sea of them out there and Tesla keeps removing shit from the car and regressing its functionality. Not to mention having Elon as a CEO.
Model 3 start out as a 35K car and model Y is 40K car. just be patience people, even with this price cut. it will come down even MORE.
Jan 13, 2023 02:39 PM
53 Posts
Joined Sep 2018
SamudraLJan 13, 2023 02:39 PM
53 Posts
Quote from MellowPocket6047 :
Is Tesla still doing price match for 30 days ?
doesn't hurt to try.
Jan 13, 2023 02:39 PM
3,370 Posts
Joined Jan 2010
Indio22Jan 13, 2023 02:39 PM
3,370 Posts
Quote from megastar :
What the heck.. is this a stock price or drop this much..
This is partly a "Musk can't keep his yap shut" move. Every time he tweets some conspiracy theory, as a stock holder I cringe, but thankfully I sold a bunch earlier.

More on topic, as an urban dweller, I still won't jump to EV until one is available for around 20k for an urban commuter. My household doesn't need high range or upscale elements, I already have a gasoline vehicle in the household for longer trips and that stuff.

I'd jump on a cheap EV though, it could handle 70% of the typical weekly driving in my household, but it's got to be an economy car, that's the point for my usage.
2
Jan 13, 2023 02:40 PM
1 Posts
Joined Mar 2016
wangyan0818Jan 13, 2023 02:40 PM
1 Posts
Is enhanced autopilot counted as software feature? If we buy model Y with enhanced autopilot, it is over 55K. Is it still eligible for the federal tax credit? Thanks!
Jan 13, 2023 02:41 PM
116 Posts
Joined Apr 2013
maccveJan 13, 2023 02:41 PM
116 Posts
I just paid cash for a 2016 Ford F250 Superduty Powerstroke Diesel...factoring in my trade-in, the vehicle was probably sold to me for about $36,000. No car payments, just have to buy a ton of Diesel fuel to put in it! If I would have traded in my previous vehicle for one of these, I would probably end up with a car loan for $19,000 +/- with taxes included. My credit union's current rate is 5.75% for 60 months giving me a car payment for the next 5 years of $365/ month to own a Tesla. I can buy a lot of diesel for that... I am happy with my ginormous truck!
1
Jan 13, 2023 02:41 PM
7 Posts
Joined Apr 2021
MellowPocket6047Jan 13, 2023 02:41 PM
7 Posts
Quote from SamudraL :
doesn't hurt to try.
I am requesting credit from them now, hopefully will get some help with recent buyers

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Jan 13, 2023 02:42 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 02:42 PM
4,419 Posts
Quote from razman :
I like how tesla talks about potential savings when buying the car by deducting gas we would've bought instead over 6 years.....but electricity isn't free either?!?
Yes electricity is not free but my solar panels do help to mitigate some of the cost since the government paid for my solar panels when i first installed them. LMAO
3
Jan 13, 2023 02:43 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 02:43 PM
4,419 Posts
Quote from MellowPocket6047 :
I am requesting credit from them now, hopefully will get some help with recent buyers
You have a better chance of getting hit by lightening. LMAOLMAOLMAO
Jan 13, 2023 02:43 PM
5 Posts
Joined Jul 2017
SheilaS5261Jan 13, 2023 02:43 PM
5 Posts
Just a heads up if you already have one on order. We got an email this morning with a new order agreement and the price has already been adjusted to the lower price.
Jan 13, 2023 02:43 PM
7 Posts
Joined Dec 2021
OrangeFruit648Jan 13, 2023 02:43 PM
7 Posts
When I do buy an electric car, you best believe it won't be a Tesla.
2
Jan 13, 2023 02:44 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 02:44 PM
4,419 Posts
Quote from wangyan0818 :
Is enhanced autopilot counted as software feature? If we buy model Y with enhanced autopilot, it is over 55K. Is it still eligible for the federal tax credit? Thanks!
Waste of money on software that will never be approved to drive autonomously.
Jan 13, 2023 02:44 PM
149 Posts
Joined Jan 2013
RonC4597Jan 13, 2023 02:44 PM
149 Posts
Quote from SamudraL :
doesn't hurt to try.
Best Buy will 🤣
Jan 13, 2023 02:45 PM
856 Posts
Joined Dec 2008

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Jan 13, 2023 02:45 PM
2,032 Posts
Joined Mar 2004
F-ZeroJan 13, 2023 02:45 PM
2,032 Posts
Are there loopholes for higher earners to get the tax credit?
2

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