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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 2,616,531 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 10:44 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 13, 2023 10:44 PM
399 Posts
Quote from Teck0427 :
I own a Tesla model 3, it's a sedan not a compact. The model Y is not small, what are you smoking
I've owned two Model 3s. They are small cars. It is not comfortable in the back seat for very long. If you want a sedan get a Model S.
Jan 13, 2023 10:44 PM
304 Posts
Joined Oct 2022
HilariousSummer791Jan 13, 2023 10:44 PM
304 Posts
Quote from cannon007 :
I will get 2 if it drop that low
Tesla

it will
There is low demand for tesla right now
Elon is crying because of it.
1
2
Jan 13, 2023 10:45 PM
1,935 Posts
Joined Aug 2014
yujieJan 13, 2023 10:45 PM
1,935 Posts
Quote from HilariousSummer791 :
BMW > TELSA

Tesla is boring man. The car has NO soul.
I agree on this especially now seeing so many Tesla on the road. I bought my car M240i because there isn't a lot like this on the road. But if they announced this a week earlier, it might sway me with so much of a discount.
Jan 13, 2023 10:45 PM
5,079 Posts
Joined Dec 2009
SDSummerDayJan 13, 2023 10:45 PM
5,079 Posts
Quote from Khezu :
Is there a way to get the wall connector without the order fee? it almost doubles the price

Wall Connector $350

Order fee $250
order fee is for the car, not the connector
and the order fee is subtracted from the car if you take the delivery. if you change your mind, you lose that order fee.
Jan 13, 2023 10:46 PM
189 Posts
Joined Nov 2007
freshwaterJan 13, 2023 10:46 PM
189 Posts
Quote from fresno93720 :
Please clarify for me as I've read different answers
I usually get a tax return of around $2000. Do I get 2000+7500?
Or I'd need to owe the IRS 7500 to maximize the credit?
First you need to satisfy the income requirements. 300k if filing jointly and 150k if filling single. Second you should be paying atleast 7500 in taxes to Fed. So if you getting $2000 in return then add $7500 on top of that. So your return will be $9500 instead of $2000.
Jan 13, 2023 10:46 PM
157 Posts
Joined Jul 2008
rk4750Jan 13, 2023 10:46 PM
157 Posts
Quote from EfficientWalrus7040 :
Donating to charity is a write off. That reduces your taxable income. A tax credit is a dollar for dollar credit against your tax bill. If you owed $10,000 you'd now owe $2,500. If you owed $500 you'd be getting a rebate of $7,000.
Who gives the rebate and how does one cash it?
Jan 13, 2023 10:47 PM
304 Posts
Joined Oct 2022
HilariousSummer791Jan 13, 2023 10:47 PM
304 Posts
Quote from Gdirty5 :
If I qualified for the tax credit, the model Y would be very appealing. Unfortunately no credit available for me. Also the chevy BOLT is available with tax credit and recently had a similar price drop. You can get it for ~17k if you can find one without a mark up (after tax credit).
Bad idea to buy now. Tesla will do 10K drop later
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Jan 13, 2023 10:47 PM
2 Posts
Joined Jan 2015
dennisqleJan 13, 2023 10:47 PM
2 Posts
Just to make sure I am understanding this right: the specifications of the tax credit is only guaranteed for vehicles DELIVERED by end of March. For vehicles delivered after March, certain aspects of the tax credit can change, specifically, the amount of the tax credit.

So worst case scenario is that Tesla is estimating all deliveries to be before the end of March, with some being delivered AFTER March, and those who take delivery after March are subjected to the possibility that the tax credit is less?
Jan 13, 2023 10:48 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 10:48 PM
509 Posts
Quote from fresno93720 :
Please clarify for me as I've read different answers
I usually get a tax return of around $2000. Do I get 2000+7500?
Or I'd need to owe the IRS 7500 to maximize the credit?
read us line 24 on your 1040.. if its higher than 7500.. u get max credit
1
Pro
Jan 13, 2023 10:48 PM
2,164 Posts
Joined Oct 2006
samgotit
Pro
Jan 13, 2023 10:48 PM
2,164 Posts
Why not. Now to figure out the charger.

If you have a property that abuts right against the sidewalk, how do you deal with charging given no driveway or garage?
Jan 13, 2023 10:49 PM
9 Posts
Joined Mar 2022
livinallin5Jan 13, 2023 10:49 PM
9 Posts
Quote from Kensic :
go back to 2021 tax paper... look at line 24 see if its more than 7500$. atleast that much to maximize the credit. and this is regardless of your withheld that you set up with W4 form.
But for new purchasers, this year, we would just need to owe $7500+ at the end of the year to get the max credit, correct?
Jan 13, 2023 10:49 PM
148 Posts
Joined Aug 2021
J3WS4J3SUSJan 13, 2023 10:49 PM
148 Posts
Quote from bill_tong :
Why are people saying they lost money if they bought their car a month ago. Didn't. Tesla give you $7500 discount plus 10000miles of free super charging ? This was in prep for the tax credits coming in 2023 and to get their sales in 2022.
False, the government clearly said January 1st or 3rd. It's the 13th and Tesla just adjusted for the credit bro lol
Jan 13, 2023 10:49 PM
509 Posts
Joined May 2018
vndragonslayerJan 13, 2023 10:49 PM
509 Posts
Quote from yujie :
I agree on this especially now seeing so many Tesla on the road. I bought my car M240i because there isn't a lot like this on the road. But if they announced this a week earlier, it might sway me with so much of a discount.
better to buy a ford pinto.. none on the road.. very unique
Jan 13, 2023 10:50 PM
238 Posts
Joined Oct 2013
mardimusJan 13, 2023 10:50 PM
238 Posts
Ordered one. Good time to get in with the incentives. Thanks for posting.

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Jan 13, 2023 10:50 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 13, 2023 10:50 PM
532 Posts
Quote from EliteDealHunter :
People gonna be pissed in a few months when the new 3 and Y come out to replace the stale 7 year old designs they are selling now. Don't say we didn't warn you.
So people gonna be pissed when apple releases iPhone 15 in a few months? Got it.

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