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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 2,614,720 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 06:50 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 06:50 PM
399 Posts
Quote from pcrh :
Why wait? https://lapmeta.com/pt/track/vari...asc&page=1

It's mainly from the straight line speed, which is fine… but I definitely did not like how my M3P handled compared to sports cars. Very sluggish and uncommunicative. You can feel that extra weight for sure.
Jan 14, 2023 06:51 PM
393 Posts
Joined Jan 2008
deslockJan 14, 2023 06:51 PM
393 Posts
Quote from thinh4u2 :
if you're due for a refund, then you gain nothing. This really sucks.

Doesn't matter if you're due for a refund. You just can't get more (for the tax credit) than the total the IRS says you must have paid in taxes for that year.

Some examples:
  • Suppose you paid $20k in taxes and are owed $1k back before buying an EV. You would instead get $8.5k back if you bought a qualifying EV (1+7.5=8.5).
  • Suppose you paid $10k in taxes and you owed another $2k. You would instead get $5.5k back if you bought a qualifying EV (-2+7.5=5.5).
  • Suppose you paid $5k in taxes and you owed another $2k. You would instead get $5k back if you bought a qualifying EV (you can't get more than what you pay in taxes).
  • Suppose you paid $5k in taxes and are owed $1k back. You would instead get $5k back if you bought a qualifying EV (you can't get more than what you pay in taxes).
Last edited by deslock January 14, 2023 at 11:54 AM.
Jan 14, 2023 06:52 PM
5,035 Posts
Joined Nov 2012
ChrisBobsonJan 14, 2023 06:52 PM
5,035 Posts
Quote from pcrh :
Depends what tires. If you put on eco / low rolling resistance high millage all seasons you will easily get >30k miles. I'm very happy with my the Pirelli P7 all season on my model 3. I'm past 30k miles on them and lots of life left.

If however you put on high performance summer tires then, yes , you'll be lucky to get 10k miles in any car.

IMO the factory tires from many manufacturers wear out fast, some kind of razor blade model relationship with the tire vendor. As I assume most people will then go buy the OEM tire type when they replace.
I'm at 20k miles on m3p oem tires, with A LOT of life left. And I drive it like the performance trim it is. Also had summer performance tires on my last car, also got high mileage on the tires. As with my past cars and anyone I've ever met that used it. Y'all going on the track too much.
Jan 14, 2023 06:53 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 14, 2023 06:53 PM
2,409 Posts
Quote from dealhunt_101 :
Well, we're taking about the salvage value in 2035, not today, are we? You think a 12 year old Lexus with 100k miles, and 19 mpg will have ANY value in 2035? Seriously?


30k includes 25k in gas (averaged at ~$5 per gallon), and 5k maintenance. Tbh, $5 per gallon average over 12 year horizon might well very be conservative.
Buddy,

If 2004 RX330 costs $10k now nothing stops 2021 RX to cost at least the same in 2035.
Jan 14, 2023 06:53 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 06:53 PM
399 Posts
Quote from EliteDealHunter :
It's mainly from the straight line speed, which is fine… but I definitely did not like how my M3P handled compared to sports cars. Very sluggish and uncommunicative. You can feel that extra weight for sure.
Probably the best setup right now is a fun to drive car for daily use (could be the M3P) and then a true sports car for the weekends if you're into track days and such. That was my plan but then I ended up selling the M3P for another tiny sports car for daily use. So now I have two small RWD manual cars… figured it might be the last of an era so get them while I can before flipping back to electric in the future.
Jan 14, 2023 06:54 PM
95 Posts
Joined Jan 2012
Meso79Jan 14, 2023 06:54 PM
95 Posts
If the price decreased by 12k for model Y. And I bought it a month ago, and financing it for6 years. Can I just surrender the vehicle? Is that even an option? Any thoughts?
Jan 14, 2023 06:54 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 06:54 PM
399 Posts
Quote from mrcuba :
I'm at 20k miles on m3p oem tires, with A LOT of life left. And I drive it like the performance trim it is. Also had summer performance tires on my last car, also got high mileage on the tires. As with my past cars and anyone I've ever met that used it. Y'all going on the track too much.
20k with tread left on the P Zeros is quite a feat. I honestly don't know anybody that has gotten over 20k on them and some people I know had to swap them at 8k.

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Jan 14, 2023 06:55 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 06:55 PM
399 Posts
Quote from Meso79 :
If the price decreased by 12k for model Y. And I bought it a month ago, and financing it for6 years. Can I just surrender the vehicle? Is that even an option? Any thoughts?
If by surrender the vehicle you mean default on the loan and ruin your credit, sure.
Jan 14, 2023 06:56 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 14, 2023 06:56 PM
2,409 Posts
Quote from rrc06 :
Tesla beat BMW in us sales last year, bro.
Just like Marvel beat Titanic. Masses can't be wrong.
Jan 14, 2023 06:57 PM
869 Posts
Joined Apr 2010
KingCoopJan 14, 2023 06:57 PM
869 Posts
Anyone have an idea on the time estimates? My order shows delivery between Feb - Apr 2023. I've already completed the steps for registration and payment.
Jan 14, 2023 06:59 PM
5,035 Posts
Joined Nov 2012
ChrisBobsonJan 14, 2023 06:59 PM
5,035 Posts
Quote from EliteDealHunter :
20k with tread left on the P Zeros is quite a feat. I honestly don't know anybody that has gotten over 20k on them and some people I know had to swap them at 8k.
Actually, they used Michelin back when I bought it. Maybe the tire change is what's doing it for those people.
Jan 14, 2023 06:59 PM
1,207 Posts
Joined Nov 2020
mattymsu25Jan 14, 2023 06:59 PM
1,207 Posts
Quote from Meso79 :
If the price decreased by 12k for model Y. And I bought it a month ago, and financing it for6 years. Can I just surrender the vehicle? Is that even an option? Any thoughts?
lololololo. Lol.
Jan 14, 2023 07:03 PM
1,857 Posts
Joined Oct 2008
eggsaladJan 14, 2023 07:03 PM
1,857 Posts
people that can afford a $50K car need $7,500 taken from other tax payers?

All i can afford was a used buick. Where is my tax credit.

Why am I punished.
2
Jan 14, 2023 07:05 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 07:05 PM
532 Posts
Quote from AlexK6706 :
Buddy,

If 2004 RX330 costs $10k now nothing stops 2021 RX to cost at least the same in 2035.
You are not getting 10k on 2004 RX330. 5k maybe.

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Pro
Jan 14, 2023 07:05 PM
893 Posts
Joined Jun 2005
scraejtp
Pro
Jan 14, 2023 07:05 PM
893 Posts
Quote from eggsalad :
people that can afford a $50K car need $7,500 taken from other tax payers?

All i can afford was a used buick. Where is my tax credit.

Why am I punished.
If all you can afford is a used buick, you are likely not paying much in federal taxes. But since afford is a relative term, it is all a guess.

It is a $7500 credit if it makes you feel better. You just get to deduct it from taxes you owe; not exactly a payday from the government.
Last edited by scraejtp January 14, 2023 at 12:07 PM.

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