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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 2,614,189 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 14, 2023 03:19 AM
54 Posts
Joined Dec 2019
bbdocJan 14, 2023 03:19 AM
54 Posts
$7.5k tax credit only if AGI <300k for married filing jointly ...bummer
3
Jan 14, 2023 03:21 AM
2,972 Posts
Joined Feb 2011
KensicJan 14, 2023 03:21 AM
2,972 Posts
Quote from bbdoc :
$7.5k tax credit only if AGI <300k for married filing jointly ...bummer
Contribute max in 401k to push it under 300k if that's possible
1
Jan 14, 2023 03:21 AM
15,490 Posts
Joined Feb 2005
thund3rcatJan 14, 2023 03:21 AM
15,490 Posts
Quote from LovePotion9 :
At the time you bought in Dec of 2022 and yes it qualified. Currently on Tesla website clearly read cap @$55K anything above that is a NO. So if you would buy now instead of last year you still would not qualify anyway if the 7-seat is added.
7 seat cap is 80k... on the website right now.

Price Caps
The vehicle price at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees.
Model 3: $55,000
Model Y with 5 seats: $55,000
Model Y with 7 seats: $80,000
Jan 14, 2023 03:23 AM
509 Posts
Joined May 2018
vndragonslayerJan 14, 2023 03:23 AM
509 Posts
Quote :
Quote from pointbob :
so i guess the recession is all bullshit if there's so many high rollers in america to afford a 50k car with an interior that's worse then a camry. you all know it takes at least 10-15 years of driving an ev before you can break even depending on fuel prices. yeah. you care lol.
geoffkinUsed LEAF and Bolts ARE.
are you angry that you're stuck on the camry platform n dont get the whirling spaceship ev cars? get out of your tax bracket and maybe you can enjoy nice slickdeals partially offset by uncle joe
3
Jan 14, 2023 03:24 AM
36 Posts
Joined Feb 2018
tttredJan 14, 2023 03:24 AM
36 Posts
So my Model Y configuration with no options come to 54,630 incl dest and order fee, it shows on the page I qualify but the IRS page for model Y 5 seater is 55K. Do I need to add more options or am I good to be eligible, please help
Jan 14, 2023 03:26 AM
54 Posts
Joined Dec 2019
bbdocJan 14, 2023 03:26 AM
54 Posts
Quote from Kensic :
Contribute max in 401k to push it under 300k if that's possible
Already doing that...and other pretax contributions but would be still difficult. Will just wait until the drop the price more rather than relying on the credit
3
Jan 14, 2023 03:27 AM
696 Posts
Joined Sep 2003
axmanJan 14, 2023 03:27 AM
696 Posts
didn't find <55000 for model Y from TSLA website? All are gone?

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Pro
Jan 14, 2023 03:28 AM
2,154 Posts
Joined Jan 2006
susko
Pro
Jan 14, 2023 03:28 AM
2,154 Posts
Quote from TheSource777 :
...bruh, my entire post was pro-Tesla based on my experienced owning one.

"
I've owned a Model 3 since early 2019. It's the best driving experience in the world, hands down. Four years, 0 maintenance. No oil changes, nothing. Just test-drive one, and you will see.

Yes, it doesn't have all the buttons and knobs of most cars. But it replaces that with amazing software. The fact that it has "sentry mode" which records anything that happens to your car when you're away. The fact that you can LIVE STREAM the car's cameras real-time from your phone. The fact that you can have a "dog mode" and leave your pet in there safely. So, so, so many small amazing things.

Tesla cars can do this - https://www.youtube.com/watch?v=lfucQM07tGQ (and you can download lightshows for any song from a community of hundreds of creators).

The fact that Tesla cars are THE safest mass-produced cars ever bult in the history of mankind. https://www.tesla.com/blog/model-...sted-nhtsa (a lot of this is due to the architecture of an electric car with its low center of gravity and extra crumple zones). Recent story of how Tesla fell off a 250 foot cliff and everyone survived - https://www.cnn.com/2023/01/03/us...index.html"
I was agreeing with you
Jan 14, 2023 03:29 AM
96 Posts
Joined Apr 2016
qiushengxyzJan 14, 2023 03:29 AM
96 Posts
If I buy it today, can I get the $7500 credit in my tax return for 2022? Or do I have to wait for the tax return for 2023 in next year?
1
Jan 14, 2023 03:30 AM
447 Posts
Joined Nov 2011
User1654112Jan 14, 2023 03:30 AM
447 Posts
Can you carry the tax credit forward?
Pro
Jan 14, 2023 03:30 AM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 14, 2023 03:30 AM
13,111 Posts
Quote from tttred :
So my Model Y configuration with no options come to 54,630 incl dest and order fee, it shows on the page I qualify but the IRS page for model Y 5 seater is 55K. Do I need to add more options or am I good to be eligible, please help
It needs to be below 55K, not above it
Jan 14, 2023 03:30 AM
38 Posts
Joined Jan 2016
happyclanJan 14, 2023 03:30 AM
38 Posts
My tesla caught fire and I had to put it out with money because that was cheaper than the amount of water required.
2
Pro
Jan 14, 2023 03:31 AM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 14, 2023 03:31 AM
13,111 Posts
Quote from axman :
didn't find
https://www.tesla.com/modely/design#overview
Jan 14, 2023 03:31 AM
2,519 Posts
Joined Jul 2008
kevinhJan 14, 2023 03:31 AM
2,519 Posts
Quote from qiushengxyz :
If I buy it today, can I get the $7500 credit in my tax return for 2022? Or do I have to wait for the tax return for 2023 in next year?

I believe it's for the 2023 taxes you'll be filing in 2024,
1

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Jan 14, 2023 03:32 AM
589 Posts
Joined Jun 2020
integraguy2001Jan 14, 2023 03:32 AM
589 Posts
for if I buy a Model 3 in NJ, will I get $2k state and $7,500 Federal tax credit?

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