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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 2,616,891 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 08:30 PM
739 Posts
Joined Apr 2012
MoJackManJan 13, 2023 08:30 PM
739 Posts
Quote from AdeD :
You don't have to owe. You do need to have a tax liability of 7500 or more.
Oh okay. Shit I might buy one. My '22 income was below the limit. Not expect that for '23.
Jan 13, 2023 08:30 PM
4,422 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 08:30 PM
4,422 Posts
Quote from Buckeyefan 1 :
Plus the $200 to $400 per month to insure it. These don't do well in accidents. And there's not many mechanics who can work on them.
Insurance is not too bad for the car. Its getting work done on the car that will kill you. If you are ever in a car accident on the tesla you are screwed big time. Only certified Tesla repair centers are allow to buy OEM parts from tesla to repair your car. I know as My previous M3 performance was hit from behind while parked in a parking lot. The person that hit my car his insurance was from all state and they try to get me to repair in another repair shop and I told them to pound sand. I also got diminished value claim from them as well and it took like 6 months back and forth with them. You are warned.
Jan 13, 2023 08:30 PM
416 Posts
Joined Nov 2010
yoda2Jan 13, 2023 08:30 PM
416 Posts
Quote from seaworld20 :
Finally back to 2020 price (almost). Price was inflated for the past 2 years (not just tesla, almost all cars) and now getting back to the original price.
Almost everything had inflated prices. My parents sold a camper trailer in 2021 for $15k more than they originally paid.

I received some good advice and stuck to it: don't buy any big ticket items until the FOMO craze has worn off. Now it seems car and house prices are the next to drop.

There are videos from Tesla China dealerships with customers practically rioting and demanding a refund difference after price drops.
Jan 13, 2023 08:32 PM
4,422 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 08:32 PM
4,422 Posts
Quote from norcal007 :
don't believe that claim.
Alot of trolls will tell you anything on SD. BTW I make $ 9 million a year and go on $1 million vacays. LMAO
1
Jan 13, 2023 08:32 PM
41,531 Posts
Joined Apr 2006
SDRebelJan 13, 2023 08:32 PM
41,531 Posts
Quote from R2KBA :
Sell some stocks that you've got unrealized capital gains on. Buy them back. You'll owe capital gains on the sale, but you'll be resetting your cost basis on the stock, so when you sell (for real) in the future, you won't owe as much taxes. Basically using the $7500 credit to reset your cost basis.
Another option, if hallaj33 uses 401k or ira, is to switch moeny towards after-tax (401k roth or roth ira)
1
Jan 13, 2023 08:32 PM
2,742 Posts
Joined Mar 2016
webdoctorsJan 13, 2023 08:32 PM
2,742 Posts
FYI I'm above the income limit, but I heard in 2024 the tax discount gets taken at the dealer and not at tax filing time so you won't have to deal with all these games.

2024 looks like the real year of EVs with new models (Volvo EX90) and price wars starting
Jan 13, 2023 08:33 PM
38 Posts
Joined Feb 2017
R2KBAJan 13, 2023 08:33 PM
38 Posts
Quote from zmm61 :
How about 6000 upgrade and 15000 auto pilot upgrade? necessary?
In case it's not clear, those options are either/or, meaning you don't pay $21k to get both. The $15k Full Self-Driving (FSD) upgrade includes the $6k Enhanced AutoPilot (EAP). If you buy neither, the car comes with basic AutoPilot (not Enhanced) which is essentially adaptive cruise control and lane-keeping functionality.
Both are available as subscription options too, so you can try either one out for a month ($99 or $199, respectively) and if you decide to purchase outright, it can be done after the fact. It just won't be rolled into any car loan if you go that route, you'd have to put it on your credit/debit card.

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Jan 13, 2023 08:33 PM
356 Posts
Joined Apr 2015
Leader2lightJan 13, 2023 08:33 PM
356 Posts
Quote from TheSource777 :
This is the same Consumer Reports had Tesla listed as #1 in customer satisfaction, which is a non-bullshitted stat since it comes from owners themselves giving a total assessment instead of random arbitrary questions. Keep in mind the reliability survey doesn't distinguish between "engine failure" and "panel gap".

I've had a Model 3 since 2019 and it has had ZERO maintenance. None. It just works. Using another survey from the same Consumer Reports - https://www.consumerreports.org/c...003912076/
Again the data goes back to 2018. 10 year old battery packs will be very interesting.

I'm coming from the perspective of Honda crvs lasting well past 20 years for me.

Most people buying a new Tesla won't keep it 10 years as they are wealthy. The older used market will certainly be interesting.
Jan 13, 2023 08:33 PM
7 Posts
Joined Apr 2021
MellowPocket6047Jan 13, 2023 08:33 PM
7 Posts
Quote from yoda2 :
Almost everything had inflated prices. My parents sold a camper trailer in 2021 for $15k more than they originally paid.

I received some good advice and stuck to it: don't buy any big ticket items until the FOMO craze has worn off. Now it seems car and house prices are the next to drop.

There are videos from Tesla China dealerships with customers practically rioting and demanding a refund difference after price drops.
Same thing should happen in US & Europe … atleast push FSD free for folks who bought within 30 days
Jan 13, 2023 08:34 PM
63 Posts
Joined Dec 2012
cdcollectorJan 13, 2023 08:34 PM
63 Posts
Quote from UniqueSeagull3844 :
Bro you can't return cars
No lemon law or something ?
Jan 13, 2023 08:34 PM
402 Posts
Joined May 2022
TealLaborer912Jan 13, 2023 08:34 PM
402 Posts
Quote from EliteDealHunter :
💯 Don't get sucked into Tesla hype people… it's not all the fanboys make it out to be.
I mean they are really cool from a supercar perspective. I have a Kona with a Turbo engine that goes 0-60 in around the same amount of time my GTI did and both cars would be a lot faster than the vast majority of "muscle cars" put out in the 80's and before. The amount of G's I feel on my friend's Tesla X is astounding.

What's equally astounding is him showing where the trim cuts on his vehicle don't match up with gaps of nearly 1cm in some areas on a vehicle that cost six figures.
Jan 13, 2023 08:34 PM
622 Posts
Joined Jan 2005
xtacJan 13, 2023 08:34 PM
622 Posts
So how does the tax credit work exactly, if you fall into a 32% tax bracket, the real dollar savings of $7500 is $2250 nominally, correct?
Jan 13, 2023 08:34 PM
225 Posts
Joined Jun 2004
se-riouslyJan 13, 2023 08:34 PM
225 Posts
Quote from elpablolv :
I am tempted to get a Model 3 in the future if prices do come down lower.
My question is what subscription services are needed for Teslas? Is navigation free? If I want to play music/podcast from Spotify/Pandora how do I do that? Can I Bluetooth it to the vehicle or do I have to subscribe it thru Tesla?
Nav is free for the first 8 years (older ones had it free lifetime). For Spotify, you have to have a paid account (and a data subscription from Tesla) to stream directly from the car. Otherwise, you can just use bluetooth and avoid any subscriptions (which is what I do).
Jan 13, 2023 08:34 PM
4,422 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 08:34 PM
4,422 Posts
Quote from webdoctors :
FYI I'm above the income limit, but I heard in 2024 the tax discount gets taken at the dealer and not at tax filing time so you won't have to deal with all these games.

2024 looks like the real year of EVs with new models (Volvo EX90) and price wars starting
Sure you are. I also make $9 million a year. LMAO

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Jan 13, 2023 08:35 PM
1,340 Posts
Joined Sep 2010
sandamn12Jan 13, 2023 08:35 PM
1,340 Posts
Quote from MrDeaals :
If Added, Your 6-Month Policy Premium Will Increase By $819.05 . FML
You sure you didn't get cost to just add additional vehicle vs replace?

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