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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 2,614,845 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 03:51 PM
1,148 Posts
Joined Dec 2011
Loveday22Jan 13, 2023 03:51 PM
1,148 Posts
Quote from mars_88888 :
How does the $7500 tax credit work? Do you need to have paid $7500 in taxes to qualify?

Delete
Last edited by Loveday22 January 13, 2023 at 09:58 AM.
Jan 13, 2023 03:52 PM
1,133 Posts
Joined Jun 2009
hi4700Jan 13, 2023 03:52 PM
1,133 Posts
Quote from livelifeup22 :
No. Tax credit is nonrefundable. You have to owe 7500 and then offset it,
If I overpaid tax I will get returns and this $7500 as refund correct?
Jan 13, 2023 03:53 PM
669 Posts
Joined Nov 2016
Speedmaster1Jan 13, 2023 03:53 PM
669 Posts
Does this include any models with a big Hemi engine?
Jan 13, 2023 03:53 PM
60 Posts
Joined Nov 2015
hifarrerJan 13, 2023 03:53 PM
60 Posts
Remember the Federal Tax credit applies to Any electric car, not just Tesla. There are more options now and I wouldn't trust a company who has an unstable guy as a leader.
1
Jan 13, 2023 03:53 PM
269 Posts
Joined Dec 2022
HonestSink770Jan 13, 2023 03:53 PM
269 Posts
Could someone please advise whether it's worth buying the Tesla Model Y at this price. Or will there be other good deals for Electric cars at a lower price point?

We have usually spend between $35-$45k for our cars. Just wondering whether it's justified to spend the extra $10k and get the Model Y. I can wait if there are expected to be better deals or tech changes in the future.
Jan 13, 2023 03:54 PM
83 Posts
Joined Feb 2015
phenyleJan 13, 2023 03:54 PM
83 Posts
Quote from hi4700 :
If I overpaid tax I will get returns and this $7500 as refund correct?
If you owed 10k taxes and you paid 15k taxes ur refund would be 5k + 7500
Jan 13, 2023 03:54 PM
93 Posts
Joined Aug 2011
timefIiesJan 13, 2023 03:54 PM
93 Posts
Quote from PP4171 :
Does it qualify for California CVRP rebate which gets a bump to $7500 in February for low income?
Where did you see that it is increasing to 7500?

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Pro
Jan 13, 2023 03:54 PM
4,529 Posts
Joined Mar 2006
tqlla3k
Pro
Jan 13, 2023 03:54 PM
4,529 Posts
Quote from Buckeyefan 1 :
What if I rent in California and have to use a Supercharger once a week? Renters get screwed.
then the current rate to charge from 10am to 10pm is $0.58 per kwh. Or about $4.14 for 25 miles.

People who cant charge at home are really screwed in 2035. I can see peak hours moving to 6am-11pm. Expect long lines at midnight to charge during off peak hours.
Jan 13, 2023 03:55 PM
193 Posts
Joined Oct 2021
TenderTest419Jan 13, 2023 03:55 PM
193 Posts
but I read that in order to get the 7500$ you got to have the delivery by March 31st and they expected deliveries for Jan 2024
Jan 13, 2023 03:55 PM
2,613 Posts
Joined Nov 2006
likeawJan 13, 2023 03:55 PM
2,613 Posts
Quote from stasis :
Not sure if similar program exists in other states, but based on your income, you can turn in your old car (2005 or older) to a junk yard and receive up to $9,500 cash towards the purchase of an electric car. *Tesla is eligible now since they lowered the price.

https://www.baaqmd.gov/funding-an...rs-for-all
Waiting for something similar in Texas. Still driving my 1996 Honda Odyssey. Would sure let it go for $9500 cash.
Jan 13, 2023 03:56 PM
8 Posts
Joined Sep 2022
StrongMoon9095Jan 13, 2023 03:56 PM
8 Posts
is sales price continue dropping if we do not buy now?
Jan 13, 2023 03:56 PM
1,721 Posts
Joined Nov 2010
dragon911Jan 13, 2023 03:56 PM
1,721 Posts
How much does it cost for a full charge at home? Someone told me as low as $10-15 during midnight time
Pro
Jan 13, 2023 03:57 PM
789 Posts
Joined Mar 2013
dealsforu
Pro
Jan 13, 2023 03:57 PM
789 Posts
Well , called the customer service, obviously they don't care about pricing even if you bought just few days ago. I guess Model Y customers are royally screwed by Musk.
1
Jan 13, 2023 03:57 PM
400 Posts
Joined Sep 2011
npatel3cJan 13, 2023 03:57 PM
400 Posts
What if delivery is in April? Does it impact the $7500 tax credit?

Their in-stock has restrictions on being able to registering vehicles in certain states? Showing options for Maryland but can not be registered in Maryland? How does this make sense?

Delivery Location
Showing options for 21014
This car can only be registered in DE, ME, NH, NJ, VT
Last edited by npatel3c January 13, 2023 at 09:01 AM.

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Jan 13, 2023 03:57 PM
16 Posts
Joined May 2012
NashaaronJan 13, 2023 03:57 PM
16 Posts
Do Tesla stick to the delivery estimate? It say Jan to March 2023. Will they be able to deliver before March 2023?

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