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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

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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 14, 2023 11:02 AM
2,714 Posts
Joined Aug 2006
YCGJan 14, 2023 11:02 AM
2,714 Posts
Quote from RedOctane :
I have purchased 4 Tesla's already, 3 Model X's and 1 Model Y and I am extremely happy with all of them. I would highly recomend the Model Y. After the 7500 tax credit you will drive the car for 2-3 years and will most likely make money on it
Besides better range, why do you recommend the Y over the 3?
Jan 14, 2023 11:17 AM
17 Posts
Joined Mar 2018
jdang7891Jan 14, 2023 11:17 AM
17 Posts
Please keep on buying Tesla vehicles! Now is the time to buy Tesla stock haha
Jan 14, 2023 11:33 AM
4,422 Posts
Joined Aug 2005
MydiscoverJan 14, 2023 11:33 AM
4,422 Posts
Quote from EagerCheetah269 :
CA residents can also qualify for $4500 state credit with price cap of $60k
https://cleanvehiclerebate.org/si...erview.pdf
Yeah too bad you still have to pay sales tax on that EV! LMAO
Jan 14, 2023 11:38 AM
97 Posts
Joined Feb 2007
spokzJan 14, 2023 11:38 AM
97 Posts
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
Jan 14, 2023 11:42 AM
53 Posts
Joined Sep 2018
SamudraLJan 14, 2023 11:42 AM
53 Posts

Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick
over 25K.
Jan 14, 2023 11:43 AM
53 Posts
Joined Sep 2018
SamudraLJan 14, 2023 11:43 AM
53 Posts
Quote from EagerCheetah269 :
CA residents can also qualify for $4500 state credit with price cap of $60k
https://cleanvehiclerebate.org/si...erview.pdf [cleanvehiclerebate.org]
Incorrect. you won't get the rebate. the car is no in their eligibility list.
Jan 14, 2023 11:44 AM
557 Posts
Joined Jun 2009

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Jan 14, 2023 11:50 AM
374 Posts
Joined Jan 2011
slackinormackinJan 14, 2023 11:50 AM
374 Posts
Quote from tttred :
Why do we need to take the delivery by March , can we order today and take it later after March. Why does Tesla say it affects the 7500$ credit. Can someone explain this
Because the IRS had delayed a provision in the IRA bill that requires battery minerals to be sourced in north America until March. Once that provision is enacted presumably in March (but could be delayed again) Tesla cars would lose that portion of the EV rebate ($3750) since like most ev batteries their minerals are from China.
Jan 14, 2023 11:51 AM
374 Posts
Joined Jan 2011
slackinormackinJan 14, 2023 11:51 AM
374 Posts
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
You don't have to worry about batteries failing in 10 years. EVs are basically 0 maintenance cars.
1
Jan 14, 2023 12:08 PM
514 Posts
Joined Feb 2007
ParaRedJan 14, 2023 12:08 PM
514 Posts
Quote from peterau90 :
EV credit is not refundable, will not get a check from IRS
You're correct - the credit is limited to your tax liability. However, you could get a check for excess withholding due to the reduced tax liability and if you're expecting the tax credit and don't adjust your W4, most people will likely see a refund due to excess withholding.
Jan 14, 2023 12:12 PM
905 Posts
Joined Jul 2016
mike312Jan 14, 2023 12:12 PM
905 Posts
Quote from VishalV9046 :
Who has not received the VIN yet for a custom order? What time did you place the order? I placed the order 2 pm cst no VIN yet.
Custom may take some time. I ordered Y LR.They called me to pick up on Wednesday (Austin).. ordered 10 am CST Friday
Jan 14, 2023 12:13 PM
526 Posts
Joined Mar 2019
ggaproprosJan 14, 2023 12:13 PM
526 Posts
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),? here New England cars get rust pretty quick..
uhh years dont mean much, but if you drive normal miles then 200k will be easy for a model 3, look on youtube for high mile teslas
Jan 14, 2023 12:21 PM
424 Posts
Joined Jun 2011
RickyBobby26Jan 14, 2023 12:21 PM
424 Posts
The amount of misguided information on here is amazing. I should probably spend time doing other things, but her it goes.

1. Batteries - they will decrease in capacity and range. Your iPhone does it and every lithium does it. What does that mean? Well, it's most likely your car won't one day just shut off due to a battery failure. And if it does, there's a pretty good warranty on the drive train and battery. The likely scenario is that in 8-10 years, the capacity will fall maybe 15%. So that 330 mile range model y right now will be at 275ish give or take. They are recyclable and tesla actively recycles them. There's a good chance they'll just be reused in other things where capacity isn't an issue.

Charging:
For daily driving you'll save a lot of time and the expense of adding a little bit of time on the road trips. No more gas station visits. They aren't as convenient if you don't have a permanent place to charge at your home. You can charge with a regular wall outlet, but it's slow. 3-5 miles of range per hour. You'll want a 220v/40-50 power ran. It's the same as an electric dryer. There's a good chance you can add it on without any issues. You'll primarily be charging at night when nothing else is really running. Price to add this varies depending on where the electric panel is at in your house. 220v/32a through the mobile charger will add about 30 miles of range per hour. This is typically enough to fully charge over night. On most models, you'll charge to 80-90% full.
On road trips, Tesla has the best charging in the US. Super chargers charge anywhere at 150-250kw service compared to 4-6kw at home. They charge faster at empty slower near full so to optimize it, you stay more towards the empty end. Best option is to go to ABRP.com (a better route planner) and put in the model, enter the route and let it show you a rough estimate for time and charging stops. It's faster to charge from 10-70% each time than charging to 100% so you can maybe skip a stop. The last 20% takes a lot longer than charging 20% on an empty battery.

Savings and cost to charge: Battery sizes are somewhere in the 60-100kw size. I think a model is 75kw. Charging rates vary at super chargers anywhere from .20/kw-.55/kw. Depends on peak times and season it seams. If your charging at home, just look at your rates on your electricity bill. I have a special reduced rate during off peak times so my rate is $.05/kw after 8pm. So if my car was empty and I charged it full, it would cost $3.75. The savings add up vs gas. Right now I'm saving close to $1800/yr from not buying gas. That adds up over time.

Other notes:
- using the phone as a key is incredibly nice. No more keys in your pocket. It just works. Remotely warm up your car from anywhere, change settings, unlock things or check the cameras.
- they tend to go through tires faster. More torque available and you'll use it more. The instant acceleration is incredible. My tires were $800, YMMV.
- one pedal driving. I'll never want to go back. 95% of my driving I only use the "gas" pedal. I left off the gas and the car uses regenerative braking to charge the batteries and slow down. Such an underrated feature that isn't talked about.
- quality is blown out of proportion. How often do you look at the panel gaps of your current car? There could be an issue, but tesla will adjust them. I had them on my Nissan. Just inspect the car at delivery and make notes for them to correct.
- carbon footprint is more to make the vehicle, but way less in the life of the vehicle. I've read research reports that the break even point is anywhere from 25-45k miles. After that, it's more efficient that and ice alternative.
- tesla software is always improving. New features, new support (Spotify and Apple Music were added since I bought it) along with a ton of added convenient features. Your car will be even better in a couple of years thanks to updates.

I think everyone should have at least one electric vehicle for a daily driver. There can be those situations right now where they might not be as convenient on those long road trips. But my saved time during 95% of the remaining time in a year I come out way ahead. Your charging options now will only get better over the life of the vehicle. They might not be for everyone, but use the information to decide.
Last edited by RickyBobby26 January 14, 2023 at 09:37 AM.
Jan 14, 2023 12:21 PM
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Jan 14, 2023 12:26 PM
15,359 Posts
Joined Sep 2009
KnightshadeJan 14, 2023 12:26 PM
15,359 Posts
Quote from spokz :
Still learning about EV's , I am assuming at some point car batteries will fail , what's the cost to replace them? I keep my car /SUV 8-10 years, will these EV's can last this long with no major expense other than batteries),?..
Battery warranty is already 8 years by default- and the vast vast majority of people with 10 year old Teslas (the first Model Ses came out in 2012) are still on their original batteries... (and newer batteries are a lot better/longer lasting as well)


Quote from achilles_xboxmode :
Ya.. big mistake we did by not maxing out 401k in 2022. But in 2023, even if we max out everything, we're expecting AGI to cross 300k. Not complaining.. just salty we cant get this deal Smilie

You can though...leases ignore the income cap so just find a lease company that passes the tax credit through (most, but not all, will do this)


Quote from Buckeyefan 1 :
Fast fact... Coal defeats the purpose of electric vehicles. .

Yeesh... this was soundly debunked just last night on this thread and now someone new is here spreading this FUD.

I mean, sources other than coal are BETTER-- but an EV running on coal electrcitity is still significantly cleaner than a gasoline car running on gasoline.

And since the vast majority of power in the US is NOT from coal, they're cleaner still.


Scroll back a few pages for half a dozen sources on this.
Last edited by Knightshade January 14, 2023 at 05:40 AM.

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