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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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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 03:54 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 03:54 PM
532 Posts
Quote from yanik333 :
52 thousand dollars is still an exorbitant amount of money…
All relative. 45k for Model Y is a heck of a deal. You can't find a better car at this price range. You just can't.
1
Jan 14, 2023 03:55 PM
385 Posts
Joined Jan 2006
boogakJan 14, 2023 03:55 PM
385 Posts
Since this thread has become so popular, I thought I'd chime in some more about my experience with the 2020 Model 3 Stealth Performance I sold.

I originally bought it because I was enamored with the FSD, I had gotten a new job that was going to be a 40+ minute drive away with heavy traffic most of the way. I never did end up paying for FSD, even when it was half of what it costs now. I had a lot of problems with regular Autopilot and "shadow braking", which means the car would brake heavily automatically sometimes when it encountered an overhead bridge, light pole, truck, or other significant shadow on the road. I was really worried about getting rear ended a few times, so I stopped using it and only used Autopilot on long road trips and only in light traffic.

As others have mentioned, I don't think any of the Teslas come with a spare tire, so if you're not willing to wait hours for a service truck, you can get a spare but it does eat up trunk space. I did ended up having to call use their roadside assistance service once when I got a flat out in a rural area, I had to pay some out of pocket because I was too far from their regular service area. It took at least 2 hours for the repair truck to arrive, and they just gave me a temporary wheel/tire to use which was later swapped back thru their mobile repair service. The mobile repair service is pretty nice BTW.

Other service issues included having to replace the 4g network module that died after a software update (fixed under warranty) and having to clean/replace the cabin air filter because it started to smell like bad feet during humid summer days.

Also I recommend getting some type of paint protection for at least the front if you do a lot of long distance driving, the paint gets easily chipped, it probably doesn't help that there is no front air dam so lots more surface area for rocks to hit the front.

I really loved driving that car, I drove it all over Texas and used it to go camping in state parks, I would lay the rear seats down and sleep in the car with climate control, plugged into RV outlets at the park.

The only reason I sold it is because I wanted something bigger (Cybertruck I'm looking at you) and at the time I was able to sell it for more than what I paid, so it was a pretty easy decision (it was just an extra 3rd car anyway).

Hope this helps anyone looking to make a decision on their purchase!
Jan 14, 2023 03:57 PM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 14, 2023 03:57 PM
1,719 Posts
Quote from tttred :
My vin has been assigned, but my loan hasn't processed yet due to the long weekend and Tesla asks me to schedule delivery by tomorrow or it will get cancelled. Will I lose the spot and delayed big. Can anyone comment on this, Thanks
I was in the same situation... ordered yesterday and within few hours, assigned a VIN and ask me to schedule delivery either on Monday or Tuesday... banks are closed on Monday, so I've no way to get the loan processed within the same day Tuesday to pick up the car... I called 888-518-3752 this morning and asked if it can be pushed cause I don't have check from the bank... they said they'll send a note to local pickup location of Tesla and request it... I checked the app again and see mine is now scheduled for Thursday, so I assumed they were ok with mine being pushed from Tuesday to Thursday... the rep said they don't like to push delivery date but it's understandable when the VIN is assigned and delivery to be expected within few days... so, give that a try otherwise keep trying the local number of your Tesla pickup center... good luck.
Jan 14, 2023 03:59 PM
3,959 Posts
Joined Feb 2005
PennStateFanJan 14, 2023 03:59 PM
3,959 Posts
Quote from pugxiwawa :
All relative. 45k for Model Y is a heck of a deal. You can't find a better car at this price range. You just can't.
How are you getting $45K for the model y? It looks like it will be $54630 after destination charges and order fee, and not to mention applicable state taxes.

Keeping in mind I don't believe this has the latest FSD hardware (ultrasonic & radar sensors) which will be added shortly supposedly. And remember there are plans to upgrade the Model Y with structural battery and mega casting.

The $7500 rebate isn't going away for a while (it might be cut in half in March but no reason it won't be a full $7500 in the near future again).

My advice is don't rush if you don't need a vehicle. This will likely cost closer to $50K, even after you fully get the $7500 rebate after all the fees and taxes.
1
Jan 14, 2023 04:01 PM
36 Posts
Joined Feb 2018
tttredJan 14, 2023 04:01 PM
36 Posts
Quote from langdatayagi :
You found local inventory ? And tesla cancels the car if you push delivery ?
This is the exact message I received,
"Reminder - Hi , schedule your Model Y delivery now at tesla.com/schedule/RN

If delivery is not scheduled by tomorrow, this vehicle will automatically be released to the next waiting customer. Your order will be placed on hold and is subject to cancellation."
Jan 14, 2023 04:01 PM
356 Posts
Joined Jul 2016
pcrhJan 14, 2023 04:01 PM
356 Posts
Quote from happens31 :
What's the yearly insurance cost on either of these Tesla in some states for those that have or ordered already?
Historically there are a wide range of rates with different insurance companies, definitely shop around.

For Tesla non performance models with Geico in MA the rates have been very sensible for me. My model Y was a small premium increase over a 10year old RAV4. This is as it should be, the majority $ of fully comprehensive insurance premiums is covering the average cost of the other car(s) in an accident (independent of what you drive) and all the medical bills of everyone involved which are huge compared to the cost of car repairs.

Edit. If you live in a state with a large percentage of uninsured drivers and lax or no yearly auto inspections your going to pay for that too in your premiums.
Jan 14, 2023 04:02 PM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 14, 2023 04:02 PM
1,719 Posts
Quote from PennStateFan :
How are you getting $45K for the model y? It looks like it will be $54630 after destination charges and order fee, and not to mention applicable state taxes.

Keeping in mind I don't believe this has the latest FSD hardware (ultrasonic & radar sensors) which will be added shortly supposedly. And remember there are plans to upgrade the Model Y with structural battery and mega casting.

The $7500 rebate isn't going away for a while (it might be cut in half in March but no reason it won't be a full $7500 in the near future again).

My advice is don't rush if you don't need a vehicle. This will likely cost closer to $50K, even after you fully get the $7500 rebate after all the fees and taxes.
Base Model Y LR is $53k - $7,500 (tax credit) = approx $45k
Base price doesn't include any fee, destination charge etc etc.

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Jan 14, 2023 04:03 PM
3,959 Posts
Joined Feb 2005
PennStateFanJan 14, 2023 04:03 PM
3,959 Posts
Quote from ilikeallofu :
Base Model Y LR is $53k - $7,500 (tax credit) = approx $45k
Did you convince Tesla to waive the destination fee and the order fee? And does your state not charge taxes?

Edit: looks like you added the disclaimer on the destination fee & order fee which is applicable to everyone 😂
Jan 14, 2023 04:05 PM
2,138 Posts
Joined Sep 2022
norcal007Jan 14, 2023 04:05 PM
2,138 Posts
Quote from boogak :
Since this thread has become so popular, I thought I'd chime in some more about my experience with the 2020 Model 3 Stealth Performance I sold.

I originally bought it because I was enamored with the FSD, I had gotten a new job that was going to be a 40+ minute drive away with heavy traffic most of the way. I never did end up paying for FSD, even when it was half of what it costs now. I had a lot of problems with regular Autopilot and "shadow braking", which means the car would brake heavily automatically sometimes when it encountered an overhead bridge, light pole, truck, or other significant shadow on the road. I was really worried about getting rear ended a few times, so I stopped using it and only used Autopilot on long road trips and only in light traffic.

As others have mentioned, I don't think any of the Teslas come with a spare tire, so if you're not willing to wait hours for a service truck, you can get a spare but it does eat up trunk space. I did ended up having to call use their roadside assistance service once when I got a flat out in a rural area, I had to pay some out of pocket because I was too far from their regular service area. It took at least 2 hours for the repair truck to arrive, and they just gave me a temporary wheel/tire to use which was later swapped back thru their mobile repair service. The mobile repair service is pretty nice BTW.

Other service issues included having to replace the 4g network module that died after a software update (fixed under warranty) and having to clean/replace the cabin air filter because it started to smell like bad feet during humid summer days.

Also I recommend getting some type of paint protection for at least the front if you do a lot of long distance driving, the paint gets easily chipped, it probably doesn't help that there is no front air dam so lots more surface area for rocks to hit the front.

I really loved driving that car, I drove it all over Texas and used it to go camping in state parks, I would lay the rear seats down and sleep in the car with climate control, plugged into RV outlets at the park.

The only reason I sold it is because I wanted something bigger (Cybertruck I'm looking at you) and at the time I was able to sell it for more than what I paid, so it was a pretty easy decision (it was just an extra 3rd car anyway).

Hope this helps anyone looking to make a decision on their purchase!
Saw this on our local news about a Tesla driver stopping suddenly on Bay Bridge and causing a major pileup. Braking issue? https://theintercept.com/2023/01/...autopilot/
1
Jan 14, 2023 04:06 PM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 14, 2023 04:06 PM
1,719 Posts
Quote from PennStateFan :
Did you convince Tesla to waive the destination fee and the order fee? And does your state not charge taxes?

Edit: looks like you added the disclaimer on the destination fee & order fee which is applicable to everyone 😂
No, I was just explaining how $45k cost that someone posted came from... if u include order fee and others, then add on registration fee, license fee, title, any loan interest fee etc etc... the actual cost of ownership won't be what the base price is.
Jan 14, 2023 04:07 PM
356 Posts
Joined Jul 2016
pcrhJan 14, 2023 04:07 PM
356 Posts
PSA: for those debating regular vs performance models of 3 and Y there is the software acceleration boot upgrade you can buy from the Tesla app for $2k after you take delivery

That splits the difference in 0-60 times between the two models and IMO a pretty good deal.
1
Jan 14, 2023 04:07 PM
160 Posts
Joined Apr 2016
nimpraviJan 14, 2023 04:07 PM
160 Posts
Not sure if it has been answered already. It's getting harder to scroll through 179 pages to get the information I need. Is the tax credit eligibility based on the 2022 Modified AGI or 2023? I will be eligible under my 2022 AGI, but I will not be eligible under 2023 AGI. Can I still get a tax credit based on 2022 AGI?
Jan 14, 2023 04:08 PM
37,844 Posts
Joined May 2007
rrc06Jan 14, 2023 04:08 PM
37,844 Posts
Quote from TofuVic :
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.

I hope this helps,
Tofu Vic
To be fair.... it was known that this credit was coming in Jan.... so Tesla was trying to push sales forward into the end of 2022. And the only Y that would be eligible for the credit would be the 5-seater,so your math is incorrect since it breaches the $55K limit from the IRS as the Y is considered a "car" not an SUV/truck

If I had known lifetime 4G and supercharging were going to go away, I would have bought another S/X in 2017, now I am just going to pray my 2015 S lasts forever laugh out loud Things change, pricing changes etc.
Last edited by rrc06 January 14, 2023 at 09:10 AM.
Jan 14, 2023 04:08 PM
1,286 Posts
Joined Jan 2008
mankuJan 14, 2023 04:08 PM
1,286 Posts
LOL at all the tax questions on not only an internet bulletin board, but slickdeals!

What's going to happen when that advice is wrong?

There is a reason you pay professionals.

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Jan 14, 2023 04:08 PM
623 Posts
Joined Sep 2005
thecrlghJan 14, 2023 04:08 PM
623 Posts
Quote from happens31 :
What's the yearly insurance cost on either of these Tesla in some states for those that have or ordered already?
I'm in Alaska. If I go from my 2020 Kia stinger to a 2023 3 Performance, my insurance increase is nearly 100% more than what I'm paying now.

Granted - that's only about $45 extra a month ($50 to $95) but, it does show that Teslas can be expensive to insure.

This is also with really good coverage.

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