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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 2,616,675 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 10:24 PM
9,113 Posts
Joined Jul 2006
NattefrostJan 13, 2023 10:24 PM
9,113 Posts
Why not buy a nice luxury car instead of this pile of junk
1
Jan 13, 2023 10:24 PM
2,480 Posts
Joined Nov 2013
elpablolvJan 13, 2023 10:24 PM
2,480 Posts
Quote from dong888 :
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.
Will I be able to link my phone hotspot to the car and enable the car to use it instead of paying the $10/monthly? I have a gut feeling it's a no but maybe I'll be surprised lol.
Jan 13, 2023 10:25 PM
2,899 Posts
Joined Jan 2011
WifeCallsMeCheapJan 13, 2023 10:25 PM
2,899 Posts
I own a 2020 Tesla Model S 100P ludicrous mode. I can tell you off the bat that I can be any sports car on the road. I highly recommend everyone to test drive a electric vehicle. Not just a Tesla but all I got to say is these Cars are super fast. The reduction in price on these Tesla will make me want to buy another one.
1
Jan 13, 2023 10:25 PM
7 Posts
Joined Jan 2023
WiseSquirrel6563Jan 13, 2023 10:25 PM
7 Posts
if you have a family and make under those qualifying income parameters, a car at this price does not make much sense. spending more than you should for your income limits.
Original Poster
Jan 13, 2023 10:25 PM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 13, 2023 10:25 PM
673 Posts
Quote from thykra6 :
Can a Tesla pro kindly share their recommendation on the best Y optional features to get, while still qualifying for the credit? Thanks!
Get the 19" gemini wheel, although it looks ugly it rides much smoother and for color do not get the white pearl, if you are a picky person you may notice the tone of white is not the same all over the car.
Jan 13, 2023 10:26 PM
1,409 Posts
Joined Sep 2004
ELUNOJan 13, 2023 10:26 PM
1,409 Posts
Quote from Arcanlaw :
Yeah, super boring. I took a few friends for a drive downtown, they were screaming... may want to hold off on the opinion sharing until you've driven one.
Wait, your friends were screaming because of the interior/exterior?!? lmao you have lame friends.
1
Jan 13, 2023 10:27 PM
304 Posts
Joined Oct 2022
HilariousSummer791Jan 13, 2023 10:27 PM
304 Posts
Quote from Nattefrost :
Why not buy a nice luxury car instead of this pile of junk
exactly
it's a car that is worth 50K. It has the boring dull design and NOTHING luxurious inside.

There are way better electric cars coming out.

Buy Tesla if you like boring design & jacked price.
1

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Jan 13, 2023 10:27 PM
27 Posts
Joined Nov 2013
arislanxJan 13, 2023 10:27 PM
27 Posts
Does Tesla pass through $7,500 EV Tax Credit through their leasing program?

Other manufacturers have started passing benefits of this credit through various methods like increased residual value. For those of us who cannot get the tax credit due to AGI, is it possible to get the benefit through leasing?
Jan 13, 2023 10:28 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 13, 2023 10:28 PM
532 Posts
Quote from elpablolv :
Will I be able to link my phone hotspot to the car and enable the car to use it instead of paying the $10/monthly? I have a gut feeling it's a no but maybe I'll be surprised lol.
You can. Just a bit PIA. There's one thing you won't get I forgot which one. I think in car karaoke? Could be wrong. But yeah you don't need it. It's just convenient.
Jan 13, 2023 10:28 PM
225 Posts
Joined Jun 2004
se-riouslyJan 13, 2023 10:28 PM
225 Posts
Quote from pugxiwawa :
And? It just says take a look, doesn't mean it needs to be replaced. Sounds like you never drive an EV before. Give it a try. You might change your mind.
Feel free to look at my past posts. I've owned a Prius Plug In, 2 e-Golfs, and now a Model 3. Have you actually tested / changed brake fluid before? If yes, then you already know that a high moisture, high snow environment means you need to change it more often. If not, then it is you who doesn't know what they're talking about.
1
Jan 13, 2023 10:28 PM
189 Posts
Joined Nov 2007
freshwaterJan 13, 2023 10:28 PM
189 Posts
Quote from livinallin5 :
Thanks. And not to sound like a total dunce, but you get it if you finance too, in full the first year (so 2024 tax return would include the 7500 even if only started making payments this year for five years)? Thanks again
Yes if you finance Tesla by March 2023 you can file for $7500 tax credit in 2024 . You still need to satisfy the income bracket and Tax liability.
Jan 13, 2023 10:29 PM
304 Posts
Joined Oct 2022
HilariousSummer791Jan 13, 2023 10:29 PM
304 Posts
Quote from WiseSquirrel6563 :
if you have a family and make under those qualifying income parameters, a car at this price does not make much sense. spending more than you should for your income limits.
Model Y is worth about 40K. Anything buying at this price need to have their brain check. Tesla raised their models over the years and now lowering them because they could not sell that's why their stock went down so much. They will drop much much much more.
1
Pro
Jan 13, 2023 10:29 PM
2,154 Posts
Joined Jan 2006
susko
Pro
Jan 13, 2023 10:29 PM
2,154 Posts
Quote from mattymsu25 :
Susko needs to be better at trolling. Everyone is verrrrrrrry impressed with your previous car collection.
Huh? lolz again I guess
Jan 13, 2023 10:30 PM
26 Posts
Joined Jun 2022
AmusedBird7589Jan 13, 2023 10:30 PM
26 Posts
Even with the discount ton available on the website. Just tells you the demand isn't there for this anymore. I will say more price cuts coming.

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Jan 13, 2023 10:30 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 13, 2023 10:30 PM
532 Posts
Quote from HilariousSummer791 :
exactly
it's a car that is worth 50K. It has the boring dull design and NOTHING luxurious inside.

There are way better electric cars coming out.

Buy Tesla if you like boring design & jacked price.
Except best in class infotainment system and top notch speaker, one of biggest back seat legroom and one of fastest acceleration. But go on, keep hating. Instead of thread crap why not just move along. We get it. You like your loud obnoxious ice dinosaur car.

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