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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 2,614,509 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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Pro
Jan 13, 2023 06:33 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 13, 2023 06:33 PM
13,111 Posts
Quote from pugxiwawa :
much slower and smaller, not a good fit as family car.
Personally considering a Bolt EUV. Makes sense as a basic commuter/errand car, and with CA credits it could definitely go below $20k.
Jan 13, 2023 06:34 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 06:34 PM
509 Posts
Quote from SDzZz :
and much uglier
shittier ride not to mention and no resale should you decide to change your mind later..
Jan 13, 2023 06:35 PM
125 Posts
Joined Jan 2013
hungryrapanuiJan 13, 2023 06:35 PM
125 Posts
Quote from yslsd :
Is this true? I think the avg new car price tag is like $50k now. $300k annual household income will put you in top 5%. Guess maybe only the top 10% are buying new cars. The rest of us can only afford used ones😅
Next time you read an internet headline maybe actually think about it for a second. The average new car stat came when used cars were selling above what people paid for them. That'll come down and also, majority of households, 70%, do buy used cars. That's all you can do when median household income is $70k. My household income is over $500k and I consider a $60k car expensive. Granted, I spend over $50k a year on vacations each year so it's matter of how much value I place on transportation vehicles. Many people apparently see it as defining their self-esteem.
Last edited by hungryrapanui January 13, 2023 at 11:39 AM.
Jan 13, 2023 06:35 PM
1,211 Posts
Joined Oct 2008
California-BoyJan 13, 2023 06:35 PM
1,211 Posts
Deleted as the post seems to be not applicable any more.
Last edited by Klipsch January 13, 2023 at 01:06 PM.
1
Jan 13, 2023 06:35 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 06:35 PM
509 Posts
Quote from AkumaX :
Personally considering a Bolt EUV. Makes sense as a basic commuter/errand car, and with CA credits it could definitely go below $20k.
do it if you're in cali.. tax credit+ rebate + more income base rebate n that thing is like $14-15k
Jan 13, 2023 06:35 PM
1,042 Posts
Joined May 2021
JollyReward108Jan 13, 2023 06:35 PM
1,042 Posts
Thanks for the deal, I would rather place an order for 2023 ZL1 Camaro.
They sound soooo much better.
1
Jan 13, 2023 06:36 PM
1,286 Posts
Joined Jan 2008
mankuJan 13, 2023 06:36 PM
1,286 Posts
Quote from warlock110 :
I'm looking at both. A fully loaded Bolt EUV is around 38k + tax. the similar spec model Y is 60k... but the model Y is bigger and has a bit more range. as well as some other perks...

So the difference is closer to 10-15k than 30k.

Built quality the Bolt is slightly better. both of these company are firmly on the 10 least reliable brand lol.
I have a 22 Bolt EUV Premier and 22 Tesla M3SR+...they are not comparable in any way except that both are electric.

The Bolt is a very convenient, urban run about for doing errands. It has zero trunk space, so don't go to the market, or god forbid Costco, with more than two people. With the seats down, plenty of space...more than the Tesla.

It has lots of features, but feels like an econocar...even mine which is nearly fully loaded (only missing Superdrive). The acceleration is peppy, but the handling is not good...in the rain the car has zero grip and front wheels will spin. Surprisingly comfortable on the freeway. Headlights are terrible...some people suggest adjusting them.

If you think the Bolt has better build quality, then we'll just have to agree to disagree. As would everyone I know who owns one.

1

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Jan 13, 2023 06:37 PM
95 Posts
Joined Jul 2022
FaithfulRailway8184Jan 13, 2023 06:37 PM
95 Posts
Quote from warlock110 :
I'm looking at both. A fully loaded Bolt EUV is around 38k + tax. the similar spec model Y is 60k... but the model Y is bigger and has a bit more range. as well as some other perks...

So the difference is closer to 10-15k than 30k.

Built quality the Bolt is slightly better. both of these company are firmly on the 10 least reliable brand lol.
Bolt has battery issues.

Until Chevy takes care of that I wouldn't touch a Bolt.
Jan 13, 2023 06:38 PM
1,211 Posts
Joined Oct 2008
California-BoyJan 13, 2023 06:38 PM
1,211 Posts
Quote from TofuVic :
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.

I hope this helps,
Tofu Vic
I believe the savings would have been more than $13k as you wouldn't have to pay tax on $13k. It may depend on the state though.
Jan 13, 2023 06:39 PM
323 Posts
Joined Nov 2005
dolan007Jan 13, 2023 06:39 PM
323 Posts
Quote from Kensic :
good calculation. dont forget about electricity efficiency. lets say 85% (meaning power plant is charging you for 1000watts, by the time it makes it to your car while your driving, youll only get 850watts. so that 7000$ becomes $8,050.
My electric rate is .25 per Kw
60 miles away from me its .35 per kw
Pro
Jan 13, 2023 06:39 PM
222 Posts
Joined Mar 2012
asianmovielover
Pro
Jan 13, 2023 06:39 PM
222 Posts
Picking up 2Ys, hoping to resell them when the car market skyrockets.
1
1
3
Jan 13, 2023 06:40 PM
139 Posts
Joined Sep 2017
btc54051Jan 13, 2023 06:40 PM
139 Posts
Quote from wisebrat :
There is a mention for used EV vehicles eligible for rebates too. How does that work? Can anyone with experience or knowledge of this, share some insights please?
https://www.recurrentauto.com/res...ax-credits
Jan 13, 2023 06:40 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 13, 2023 06:40 PM
532 Posts
Quote from hungryrapanui :
Next time you read an internet headline maybe actually think about it for a second. The average new car stat came when used cars were selling above what people paid for them. That'll come down and also, majority of households, 70%, do buy used cars. That's all you can do when median household income is $70k. My household income is over $500k and I consider a $60k car expensive. Granted, I spend over $50k a year on vacations each year so it's matter of how much value I place on transportation vehicles. Many people apparently see it as defining their self-esteem.
damn that's nice. 500k income and 50k a year on vacation, you are living my dream life. congrats on making it.
Jan 13, 2023 06:41 PM
841 Posts
Joined Aug 2009
pookguy88Jan 13, 2023 06:41 PM
841 Posts
Quote from asianmovielover :
Picking up 2Ys, hoping to resell them when the car market skyrockets.
interesting bet

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Jan 13, 2023 06:41 PM
1,045 Posts
Joined Dec 2011
xjimmyxJan 13, 2023 06:41 PM
1,045 Posts
Quote from asianmovielover :
Picking up 2Ys, hoping to resell them when the car market skyrockets.
So you're hoping to sell them 2 years ago?

Maybe you should pick up a DeLorean also.
1
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