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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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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 06:01 PM
2,542 Posts
Joined Apr 2008
cheapodealJan 13, 2023 06:01 PM
2,542 Posts
If I put down deposit today for any car that shows up in inventory, can I delay buying until end of February? I'll be out of town starting next week so asking.
Pro
Jan 13, 2023 06:01 PM
4,529 Posts
Joined Mar 2006
tqlla3k
Pro
Jan 13, 2023 06:01 PM
4,529 Posts
Quote from timefIies :
So I just saw on their website that the California CRVP rebate is increasing to $7500 Feb. 28th for those that are low income. This in addition to the federal $7500 makes the RWD model 3 an amazing deal for those who qualify: $28,990. I believe you can take delivery before they increase the CVRP rebate; as long as you submit the application after the rebate increases you should get the increased amount. Have placed an order. Unfortunately, even though these tax rebates are subsidizing car purchases for the rich at the expense of tax payer dollars, if you don't take advantage you are also missing out (and paying for other people's EVs).
I looked that up, it looks like the $7500 increased CVRP is for Fuel Cell cars. Like hydrogen powered cards.

For electric vehicles the increased rebate is $4500. My dad will be looking for a Bolt after March 1st.
Jan 13, 2023 06:02 PM
1,193 Posts
Joined Apr 2018
CalmCreator709Jan 13, 2023 06:02 PM
1,193 Posts
Quote from vndragonslayer :
the same could be said for an 8 year old ice car with an engine thats about to die and among other things... just look at 8yr old german luxury cars or american gm/ford cars
Not exactly the same analogy. If I buy an 8-year-old vehicle and the engine goes I might be out several thousand dollars. I'm not going to be out 20,000.
Jan 13, 2023 06:02 PM
1,656 Posts
Joined Jul 2015
baller11111Jan 13, 2023 06:02 PM
1,656 Posts
..............................................
2
Jan 13, 2023 06:02 PM
507 Posts
Joined Jul 2007
luck4meJan 13, 2023 06:02 PM
507 Posts
Quote from susko :
the tesla driving experience, day to day, is so much better than anything available in the general car market it's actually commendable for such a new brand. and quite funny to read the comments from non owners.

i've owned the best foreign cars, and love to trade up--and i actively look for something other than my m3p, and there's just nothing out there. monthly updates? 0-60 in 3 seconds? 300 mile range? fun AF to drive?

has anyone actually owned a tesla, went back to a "german lux brand" and thought oh baby i'm back in my old tech, alright! and finally traffic can keep up with me! let me warm this sucker up first though and turn this idrive dial to find a radio station. the line to get costco gas isn't too bad today i'm only 3 cars deep.

can you also burn me some netscape navigator i can't download it my mom's on the phone
Seriously?? I felt plastic and did not feel the pleasure of driving 60k car. Road noise and bumpy . I drove my cousins model Y and I own Audi, drive quality in Audi by far the best compared to Y. You are just buying a battery and the tablet for 60k. IMO
Jan 13, 2023 06:03 PM
375 Posts
Joined Apr 2015
SurferdudemiJan 13, 2023 06:03 PM
375 Posts
Quote from brightteacher76 :
What is a tax credit? Would this credit add up your refund with your IRS refund during tax time?
A tax credit comes directly off the amount of tax you have to pay. A tax deduction reduces your income, so you pay less tax. So if your marginal tax rate is 15%, then a $1000 deduction means you save $150. A $1000 tax credit reduces your tax by $1000.

Tax credits are more valuable.
Jan 13, 2023 06:03 PM
1,148 Posts
Joined Dec 2011
Loveday22Jan 13, 2023 06:03 PM
1,148 Posts
Quote from CalmCreator709 :
Not exactly the same analogy. If I buy an 8-year-old vehicle and the engine goes I might be out several thousand dollars. I'm not going to be out 20,000.
Don't bother with this guy. He is trolling, just wants to be validated that Tesla is the gold standard of all that is good and nothing else can compare lol.
2

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Jan 13, 2023 06:03 PM
18 Posts
Joined Mar 2018
HilariousNest1575Jan 13, 2023 06:03 PM
18 Posts
for anyone don't know, model y standard range rwd was priced at $39990.
Jan 13, 2023 06:04 PM
2 Posts
Joined Apr 2022
doordash6069Jan 13, 2023 06:04 PM
2 Posts
nice picked up two, one for me one for the kids.
Jan 13, 2023 06:04 PM
1,148 Posts
Joined Dec 2011
Loveday22Jan 13, 2023 06:04 PM
1,148 Posts
Quote from baller11111 :
..............................................
Oh multiple accounts, I see Smilie Blocked
Jan 13, 2023 06:04 PM
26 Posts
Joined Jun 2019
Brantman78Jan 13, 2023 06:04 PM
26 Posts
Eh. Most people won't be able to claim that tax credit, so it's pointless.
2
Jan 13, 2023 06:05 PM
1,193 Posts
Joined Apr 2018
CalmCreator709Jan 13, 2023 06:05 PM
1,193 Posts
Quote from ChronoTriggered :
It's crazy how MAGA hates Tesla's yet they love Elon. Anyways, I hope Tesla is forced to install LiDAR/radar/whatever into their cars that don't have them as a result of the lawsuits.
Oh my God this thread has taking a turn for the worst.

Who said maga hates Tesla? Oh my God. Don't reflect your perceived ideology onto everyone here please.
1
1
Jan 13, 2023 06:05 PM
93 Posts
Joined Aug 2011
timefIiesJan 13, 2023 06:05 PM
93 Posts
Quote from tqlla3k :
I looked that up, it looks like the $7500 increased CVRP is for Fuel Cell cars. Like hydrogen powered cards.

For electric vehicles the increased rebate is $4500. My dad will be looking for a Bolt after March 1st.
For BEV as well. As per website: "$7,500 for battery-electric vehicles (previously $4,500)"
Jan 13, 2023 06:05 PM
113 Posts
Joined Dec 2015
TonyB1969Jan 13, 2023 06:05 PM
113 Posts
Tesla ran into the back of our 2018 Nissan Pathfinder. Rather odd, our 2018 Pathfinder would have automatically stopped before running into anything in front of it.

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Jan 13, 2023 06:06 PM
2,972 Posts
Joined Feb 2011
KensicJan 13, 2023 06:06 PM
2,972 Posts
Quote from mysql :
On a 3, you can get anywhere from 200-300 wh per mile, lets average it do 250 since that divides by 1 kwh easily. So 4 miles per kwh. National avg for power in the US is 14 cents.

200k miles / 4 = 50,000 kwh * .14 = $7,000.

200k at 30 mpg and $3/gallon would be $20,000 for comparison.

My old car did about 20 mpg, at current rates I save close to $2000 a year on fuel. But I also save a lot on zero maintenance. Battery failure is a possibility, but it has 8 year / 120k warranty on that and its an edge case.

The NCA cells are rated for 1500 charge cycles, which is close to 500,000 miles. At that point they should have lost around 20% capacity, but still be usable.
good calculation. dont forget about electricity efficiency. lets say 85% (meaning power plant is charging you for 1000watts, by the time it makes it to your car while your driving, youll only get 850watts. so that 7000$ becomes $8,050.

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