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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 2,615,719 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 08:35 PM
3,642 Posts
Joined Apr 2011
sam_ayJan 13, 2023 08:35 PM
3,642 Posts
Quote from ilikeallofu :
Can u help me understand in simple terms? If at the end of the tax year, my federal tax due is $7,500, i'll get EV tax credit? However, if my federal tax due is negative and i get return from federal, then I won't be able to get this EV tax credit? Let's assume my salary is $150k and i overpay my taxes in each paycheck. Is my assumption correct?
100% correct.
If you don't owe shit to the Feds, you don't get shit back. There are too many restrictions on the EV credit. Most people who can afford a 55k car will not qualify. If you want a fancy sedan with a price tag of 55k just so that you can get 7.5k back, then its a great deal.
1
Jan 13, 2023 08:36 PM
7,494 Posts
Joined Jan 2009
MrDeaalsJan 13, 2023 08:36 PM
7,494 Posts
Hope everyone realizes that the current price is higher than the 2021 sticker price . Making this FP was a moronic move by the SD staff
3
Jan 13, 2023 08:36 PM
356 Posts
Joined Apr 2015
Leader2lightJan 13, 2023 08:36 PM
356 Posts
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
Jan 13, 2023 08:37 PM
7,494 Posts
Joined Jan 2009
MrDeaalsJan 13, 2023 08:37 PM
7,494 Posts
Quote from sandamn12 :
You sure you didn't get cost to just add additional vehicle vs replace?
This was additional premium to add Tesla Y to the existing policy
Jan 13, 2023 08:37 PM
850 Posts
Joined Aug 2005
dong888Jan 13, 2023 08:37 PM
850 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?
You don't have to pay any subscription fee. Navi is free but without subscription, it does not have real time traffic. I still think Google map is still the best Navi. For music, you can connect your phone to Tesla via Bluetooth.

There are only two types of subscriptions now, FSD and premium connectivity.

FSD is $199/month and let you do all the FSD has to offer.

Premium connectivity ($10 a month) is essentially 4G data connection on the Tesla and allow you to watch movies, have real time Navi info, car karaokeel,etc. The best feature of among this is actually sentry mode where you can watch the surrounding of the car on app thru the car cc cameras.
Jan 13, 2023 08:37 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 08:37 PM
4,419 Posts
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
Not if you make $9 million a year. LMAO
Jan 13, 2023 08:37 PM
118 Posts
Joined Jan 2023
TimelessJoeJan 13, 2023 08:37 PM
118 Posts
Glad I live in an apt. or I might buy one Stick Out Tongue

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Jan 13, 2023 08:37 PM
1,340 Posts
Joined Sep 2010
sandamn12Jan 13, 2023 08:37 PM
1,340 Posts
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
if you make 60k a year and buy 60k car the person is an idiot
1
Jan 13, 2023 08:38 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 13, 2023 08:38 PM
399 Posts
Quote from TealLaborer912 :
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.
Oh for sure. Straight line acceleration is crazy in the performance models. I still prefer my "true" sports cars to them but I can see how people coming from their Honda Accord are impressed and get sucked in. It's gets old though and when you're making your 3rd or 4th visit to drop your car off at the service center in the first year that acceleration doesn't seem worth it anymore.
Jan 13, 2023 08:38 PM
4,419 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 08:38 PM
4,419 Posts
Quote from sandamn12 :
if you make 60k a year and buy 60k car the person is an idiot
Hey everyone needs to live a little and learn the hard way.
Jan 13, 2023 08:39 PM
7,885 Posts
Joined Nov 2013
WuyiLJan 13, 2023 08:39 PM
7,885 Posts
Great time to pick up a Mini Cooper SE, Chevy Bolt EUV or Nissan Leaf in 2023.
Jan 13, 2023 08:39 PM
1,080 Posts
Joined Apr 2009
VNlilMANJan 13, 2023 08:39 PM
1,080 Posts
Quote from shinermd :
Is this the first ever for a car on slick deals???
No the Toyota Mirai was heavily discounted at one point
Jan 13, 2023 08:39 PM
402 Posts
Joined May 2022
TealLaborer912Jan 13, 2023 08:39 PM
402 Posts
Quote from Knightshade :
Teslas gross auto margin is about 30%.

That's vastly higher than all other car makers.

And that's on 100% EVs.

The legacy car makers generally have a negative margin on their EVs, and all their profits come from ICE cars-- which will keep selling in smaller numbers, replaced by EVs they lose money on.



As EV adoption increases this gets worse for legacy, and better for Tesla.

So the future is pretty much the opposite of what you just suggested.
Let's just ignore economies of scale, or the fact that Tesla's margin comes from being a disruptor. As choices improve, Tesla will have to drop their prices to stay competitive. you know, like this post? A 20% price drop likely evaporates that 30% margin plus some. As their competitors start to scale up, their costs will drop and profitability will improve for the competitors.

Having a lead means nothing unless you use that lead to continuously find new ways to lead. It's not something you capture forever.
Jan 13, 2023 08:39 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 13, 2023 08:39 PM
399 Posts
Quote from Leader2light :
Imagine making 60k a year and buying a 60k car every 10 years. After tax and interest payments, no wonder most Americans are stretched to the limit.
The sad thing is that it's more like people make $60k a year and then buy a new $60k car every 2-3 years and trade in their old one for even more loss.

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Jan 13, 2023 08:40 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 08:40 PM
509 Posts
Quote from Mydiscover :
Well most people would say i am a Cali resident when you have a home there. I just utilize whats best for my financial purpose.
then u need to pay cali tax if you're a cali resident.. owning a home in california doesnt make you a resident.. you're not driving under a cali dmw license

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