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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 2,616,240 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 09:14 PM
4,421 Posts
Joined Aug 2005
MydiscoverJan 13, 2023 09:14 PM
4,421 Posts
Quote from javierj1455 :
I'm having second thoughts and thinking of cancelling my order. Do I get the $250 order fee back? I order less than 12hrs ago
Nope your screwed. Elon thanks you BTW as do I. Your one of the perfect customers that they love. Give them free money for nothing. lmao
Last edited by Mydiscover January 13, 2023 at 02:16 PM.
Jan 13, 2023 09:14 PM
8 Posts
Joined Feb 2022
OliveRose694Jan 13, 2023 09:14 PM
8 Posts
Anyone know if Tesla is passing the credit on the lease or just purchase? If they pass credit on to the leases. Might grab one.
Jan 13, 2023 09:15 PM
2,344 Posts
Joined Oct 2012
reqUser098Jan 13, 2023 09:15 PM
2,344 Posts
Traditional 401(k) contributions effectively reduce both adjusted gross income (AGI) and modified adjusted gross income (MAGI).1 Participants are able to defer a portion of their salaries and claim tax deductions for that year.

try to make some 401 contributions to reduce your AGI to qualify
Pro
Jan 13, 2023 09:15 PM
4,529 Posts
Joined Mar 2006
tqlla3k
Pro
Jan 13, 2023 09:15 PM
4,529 Posts
Quote from zmm61 :
Based on the hotness of this topic 125 pages of discussion in half a day, I think TSLA stock will come back to ~ 200 very soon. The demand is quite high to be honest.
$36900 for a Model 3 RWD does seem pretty interesting.

But for the stock, it seems like a desperate move to cut prices like this. Hopefully this means we are near the end of ridiculous dealer markups from other manufacturers. And maybe for will reverse their price hikes on the F150 lightning.
Jan 13, 2023 09:15 PM
1,284 Posts
Joined Dec 2015
FishKillaJan 13, 2023 09:15 PM
1,284 Posts
Quote from pugxiwawa :
actually don't think that's the case. Tesla doing one time big reduction is to get ahead of macro and recessionary environment. It's not good for anybody if Tesla continues to do a small price cut here and there. This puts a floor in at 45 after IRA for Model Y. They will sell every car they make and at the same time dropping hammer on other car manufactures, there's no point doing any further cut.
Tell that to all of the people who bought last month LOL

They have a demand problem, simple.
Jan 13, 2023 09:15 PM
225 Posts
Joined Jun 2004
se-riouslyJan 13, 2023 09:15 PM
225 Posts
Quote from EliteDealHunter :
As long as you spend the majority of your time in the state where the car is registered you're fine. People get burned when they register the car in one state and then live in a different state 80% of the year.
Exactly. However you work the system, I hope they're doing is wisely. And by financial transactions, I mean everyday purchases like gas and food. Likewise, it's very easy to "spot" where someone resides / uses their car - phone locations, toll road / bridge toll transactions,, etc.

In a bad collision (and subsequent investigation / litigation / mediation), you can guarantee any insurance company will be present.
Jan 13, 2023 09:16 PM
2,706 Posts
Joined Dec 2006
SDzZzJan 13, 2023 09:16 PM
2,706 Posts
Quote from MrDeaals :
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
In 2021, the Model Y was not eligible for the federal EV credit. In 2023, it is, hence it's a great deal, bud.

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Jan 13, 2023 09:17 PM
38 Posts
Joined Feb 2017
R2KBAJan 13, 2023 09:17 PM
38 Posts
Quote from stanclave :
Why is the range for YLR at 279 ? I thought it was above 300.
My understanding is those 279 mile models are the ones using the newer 4680 cells. They're still not ramped up on production of those cells, and thus are using fewer cells which also gives less range. The ones with 300+ miles are using the older 2170 cells (same as the Model 3). From a consumer standpoint, the cell chemistry between the two is the same so it comes down to what range you want. For Tesla, the 4680 cells will eventually result in a cheaper cost to manufacture the vehicles.
Jan 13, 2023 09:18 PM
103 Posts
Joined Nov 2016
PurnaC4950Jan 13, 2023 09:18 PM
103 Posts
You are not just paying for car, you are also paying for his charging infra.

At the end 60k with taxes -10k in savings state and federal tax. If you have old car another 10k for trade in else one day the old car will be dead on st . 40k car with no maintenance. Monthly 200$ savings on gas..no oil change , drain oils, transmission failures,alternator, timing belt,dealers scams. 10k hear and there but you enjoy Electric car.
Last edited by PurnaC4950 January 13, 2023 at 02:27 PM.
Jan 13, 2023 09:22 PM
8,269 Posts
Joined Jan 2007
dadabJan 13, 2023 09:22 PM
8,269 Posts
Now just waiting for Fed to come out a different package where tax credit limit drops from 55K and hence Tesla will lower the price again. lol. Jokes aside, Is it worth it to trade in my existing model 3 to Tesla, I mean 2 separate transactions, using proceeds of existing model 3 and applying to new model Y order. Anyone knows how that works? if that still qualifies for 7500 tax credit?
Jan 13, 2023 09:23 PM
2,532 Posts
Joined Mar 2012
stanclaveJan 13, 2023 09:23 PM
2,532 Posts
Quote from R2KBA :
My understanding is those 279 mile models are the ones using the newer 4680 cells. They're still not ramped up on production of those cells, and thus are using fewer cells which also gives less range. The ones with 300+ miles are using the older 2170 cells (same as the Model 3). From a consumer standpoint, the cell chemistry between the two is the same so it comes down to what range you want. For Tesla, the 4680 cells will eventually result in a cheaper cost to manufacture the vehicles.
thanks

but why would anyone pay the same price for one with 279 miles & another with 330 miles.

crazy!Peace
Jan 13, 2023 09:24 PM
18 Posts
Joined Aug 2017
BrianQ3238Jan 13, 2023 09:24 PM
18 Posts
This is most expensive battery pack I purchased ever
Jan 13, 2023 09:26 PM
6,016 Posts
Joined Mar 2006
Core2QuadJan 13, 2023 09:26 PM
6,016 Posts
Quote from R2KBA :
I've taken numerous road trips in my 2018 Model 3 Performance. I wouldn't try it in any other brand of EV because the other charging networks are too unreliable and sparse, but in the Tesla it's simple. Put in the final destination, and it tells you where to stop and for how long. Most stops are in the 15-20 minute range, which is about how long it takes to get out of the car and walk to the nearby convenience store or restaurant, etc. Use the bathroom, pick up some food, and the car is ready to go again. And no need to babysit it like you would a gas vehicle, standing there watching the pump for a few minutes before you then go inside to pee/shop anyway. It's mostly been a non-issue. Combined with AutoPilot, road trips are a breeze.
Constant range anxiety and constantly need to plan your route, what if you want to just go out and about and drive in some more remote areas? Constant worry. I did a 5 hour drive recently to pick something up, about 2.5 hours each way no stops. It would have been so much less enjoyable to have to stop and charge for 30-40 minutes. I'd rather just get home. These cars just don't make any sense, I'm baffled by the lack of PHEV's on the market. 95% of people drive less than 50 miles a day. Why not run a PHEV and 95% of the time you are on pure electric. Then when you need the range on a long trip, you have it without worry. A friend of mine had a Y for a few months and hated it. He also wasn't getting nearly the advertised range. He sold it and got a gas Lexus SUV. Oh and also, unless you are in a state that has Tesla insurance, insurance rates on these Tesla's are 2-3x the equivalent gas car. $3-5K isn't uncommon for annual premium for a Tesla. Many times super chargers are just as expensive as gas. I just don't understand.
Last edited by Core2Quad January 13, 2023 at 02:30 PM.
1
3
Jan 13, 2023 09:26 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 09:26 PM
509 Posts
Quote from dadab :
Now just waiting for Fed to come out a different package where tax credit limit drops from 55K and hence Tesla will lower the price again. lol. Jokes aside, Is it worth it to trade in my existing model 3 to Tesla, I mean 2 separate transactions, using proceeds of existing model 3 and applying to new model Y order. Anyone knows how that works? if that still qualifies for 7500 tax credit?
theyre going to offer you like 25k for your m3.. it will be like counted towards the down payment

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Jan 13, 2023 09:27 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 09:27 PM
509 Posts
Quote from Core2Quad :
Constant range anxiety and constantly need to plan your route, what if you want to just go out and about and drive in some more remote areas? Constant worry. I did a 5 hour drive recently to pick something up, about 2.5 hours each way no stops. It would have been so much less enjoyable to have to stop and charge for 30-40 minutes. I'd rather just get home. These cars just don't make any sense, I'm baffled by the lack of PHEV's on the market. 95% of people drive less than 50 miles a day. Why not run a PHEV and 95% of the time you are on pure electric. Then when you need the range on a long trip, you have it without worry. A friend of mine had a Y for a few months and hated it. He also wasn't getting nearly the advertised range. He sold it and got a gas Lexus SUV.
i mean he can do that.. or if you're smart.. just buy the cheap tesla.. and when u want to go on a road trip.. just do a rental... how often u gonna do long trips cross country?

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