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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 06:06 PM
1,656 Posts
Joined Jul 2015
baller11111Jan 13, 2023 06:06 PM
1,656 Posts
Quote from vndragonslayer :
i wasn't a sucker.. i got to enjoy it.. sold it before i had to deal with the engine and structural problem.. the sucker sure bought and paid out the ass for it

but nice try pointing to me being the sucker..

mic drop
you're still a sucker...good thing you were able to find a bigger sucker though lol
MIC DROP...later felica
Jan 13, 2023 06:07 PM
656 Posts
Joined Jul 2005
blahbbsJan 13, 2023 06:07 PM
656 Posts
Quote from vtec26 :
Maybe true, won't know until 8+ years out. However, plenty of Model S from as far back as 2012. How many crazy battery replacement stories have we seen? A few, but definitely not a huge wave.
Probably not any more than engines breaking and needing replacement. My experience is limited, but I've bought two used EVs over the years -- both three years old -- and neither one had any noticeable battery degradation upon purchase nor in the three years or so after buying them. Active battery management systems are pretty good these days.
Original Poster
Jan 13, 2023 06:07 PM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 13, 2023 06:07 PM
673 Posts
Quote from calidiy :
Thank you OP. This post should be awarded the best slickdeal post 👍. Thousands of dollars savings and many peoples dream car who could not buy it due to its outrageous price.

Unfortunately I brought both Tesla S and model Y at full price and no tax incentives last year!

If you are looking for Y or 3, jump in by all means.
thanks
Jan 13, 2023 06:08 PM
2,972 Posts
Joined Feb 2011
KensicJan 13, 2023 06:08 PM
2,972 Posts
Quote from Brantman78 :
Eh. Most people won't be able to claim that tax credit, so it's pointless.
heh useless rich person comment, thinking everyone is as rich as you are.
Jan 13, 2023 06:08 PM
10 Posts
Joined Aug 2011
hellogoodbye123Jan 13, 2023 06:08 PM
10 Posts
Does the $7500 tax credit apply to the Tesla performance model Y?
Jan 13, 2023 06:09 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 06:09 PM
509 Posts
Quote from baller11111 :
you're still a sucker...good thing you were able to find a bigger sucker though lol
MIC DROP...later felica
how was i a sucker when i was original buyer of it?

mic drop.. later felicia
Jan 13, 2023 06:09 PM
1,737 Posts
Joined Nov 2018
Abhi88Jan 13, 2023 06:09 PM
1,737 Posts
Quote from vndragonslayer :
try driving in cali, ny, metro east coast and see how that mpg goes
i know man, but still wont be below $30. which will add another $100-200. EVs are long long term investment from my perspective which has no guarantee after 8years.

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Jan 13, 2023 06:09 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 06:09 PM
509 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.
i wouldn't own an ev beyond the battery warranty.. if battery degrades.. it will most likely be before the 8yr warranty expire.

plus i dont own any ice beyond the 6 years.. they get too boomer status and outdated too much to enjoy.. past 6 years has changed the auto market.. starting in 2016 with mandatory backup camera +screen
Jan 13, 2023 06:10 PM
15,359 Posts
Joined Sep 2009
KnightshadeJan 13, 2023 06:10 PM
15,359 Posts
Quote from Brantman78 :
Eh. Most people won't be able to claim that tax credit, so it's pointless.

Most people don't buy new cars, and most who do don't make too much to not qualify.

So kind of irrelevant to bring up.

Most people actually buying one of these WILL qualify though, so there's that.
Pro
Jan 13, 2023 06:10 PM
4,529 Posts
Joined Mar 2006
tqlla3k
Pro
Jan 13, 2023 06:10 PM
4,529 Posts
Quote from timefIies :
For BEV as well. As per website: "$7,500 for battery-electric vehicles (previously $4,500)"
Oh nice. Hopefully my dad can find a Bolt for around MSRP.
Jan 13, 2023 06:11 PM
375 Posts
Joined Apr 2015
SurferdudemiJan 13, 2023 06:11 PM
375 Posts
Quote from chilizzle :
Oh wow, I didn't realize the federal tax credits were still in effect. I'm glad I can help someone who can afford a $50,000 car pay for it.
It's only in effect as a loophole for about the next two months. The Treasury was supposed to have guidelines in place prior to Jan 1st, but delayed them until March. In the meantime, more EVs will qualify for the full credit. So if you cannot purchase before then, you may not get the full credit.
Jan 13, 2023 06:11 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 06:11 PM
509 Posts
Quote from Abhi88 :
i know man, but still wont be below $30. which will add another $100-200. EVs are long long term investment from my perspective which has no guarantee after 8years.
cars shouldnt be considered an investment unless its a sports car garage queen
Jan 13, 2023 06:12 PM
1,656 Posts
Joined Jul 2015
baller11111Jan 13, 2023 06:12 PM
1,656 Posts
Quote from vndragonslayer :
how was i a sucker when i was original buyer of it?

mic drop.. later felicia
you bought the crappy car, just found a bigger sucker to sell the lemon to...and didn't disclose all of the problems like a scumbag would.
I know too hard of a concept for you to understand
mic drop.. later felicia
1
Jan 13, 2023 06:13 PM
4,171 Posts
Joined Jul 2005
badboy2manJan 13, 2023 06:13 PM
4,171 Posts
Quote from hellogoodbye123 :
Does the $7500 tax credit apply to the Tesla performance model Y?
Yes. See attached image
1

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Jan 13, 2023 06:14 PM
125 Posts
Joined Jan 2013
hungryrapanuiJan 13, 2023 06:14 PM
125 Posts
Quote from Kensic :
heh useless rich person comment, thinking everyone is as rich as you are.
You really shouldn't be buying a $60-$80k vehicle if household AGI is $300k. That's less than $200k in actual cash flow after fed, state and local taxes.
1

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