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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 2,615,719 Views
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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.

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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 08:43 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 08:43 PM
399 Posts
Quote from pugxiwawa :
False again, 280-300 in real world range. This is not Ford Mach E with that terrible efficiency. And can you stop spreading baseless lies here?
Newsflash… I've owned them. 220 is accurate. I actually got as low as 130 miles total range in my 2022 Model 3 Performance driving on the freeway in below freezing weather. As in topped up to 100% at a Supercharger and got to the next Supercharger 115 miles away with 10% remaining
Jan 14, 2023 08:44 PM
225 Posts
Joined Jun 2004
se-riouslyJan 14, 2023 08:44 PM
225 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
So schedule your delivery for a date that's AFTER when your loan is approved.
Jan 14, 2023 08:44 PM
304 Posts
Joined Oct 2022
HilariousSummer791Jan 14, 2023 08:44 PM
304 Posts
Quote from AlexK6706 :
I don't need to ask anyone as my colleagues drive Porsches and couldn't care less about tesla. The reality is Tesla is cheap and gets its ass beaten by a 6000 pound ICE Porsche SUV.

All this rant about tesla is a luxury sports car makes me laugh. LMAO Luxury sports cars don't get their asses beaten by SUV.
Anyone who thinks Tesla is a luxury is an idiot. The only thing Tesla does well is its bettery. The entire car is basically an empty box on the battery. Mode Y in china is sold under 40K. American is being ripped off over here.

2023 will have a lot of new electric cars coming out from competior that Telsa will have to compete. Expect at least 10K price drop from here. You gotta be an idiot to buy a 50K car just to "save" gas because it's NOT saving.
2
Jan 14, 2023 08:45 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 08:45 PM
532 Posts
Quote from tqlla3k :
I will always look for a deal. but it seems ridiculous that people making over $300K are complaining that they cant get government assistance to buy a $55K car.
7500 is a sizable amount regardless your income. Dual income making over 300k is really not that much if you live in big city like SF, LA and NYC. I would say that's middle-class-ish in those cities. 300k after fed, state and local tax you are lucky to have 50%. Factor in the big mortgage needed to stay in those markets there's not that much left. Then you add in kids…you get the idea.
1
Jan 14, 2023 08:45 PM
1,638 Posts
Joined Nov 2005
stevelionJan 14, 2023 08:45 PM
1,638 Posts
Quote from JGinAZ :
I don't get the hype around these EVs. They never pencil out better on paper than gas engines do for me.
I'd enjoy an EV, but to say people are "saving" money buying and owning one, I haven't yet been able to prove that in my own number comparisons.

So… if someone has the money to spend on one, are they REALLY looking for a SD? If I had the money, I pay the price whatever it is, and wouldn't care.
Perhaps another way to think of it is...people who pay whatever the price for things, without a care, are less likely to be able to ever afford a $55k Tesla. I'd suspect that many of those who can afford a $55k Tesla always care how much they pay for things and most certainly want a deal on what is the second costliest purchase they will make next to their home.
Jan 14, 2023 08:45 PM
12 Posts
Joined May 2008
spiders2006Jan 14, 2023 08:45 PM
12 Posts
Has anyone done any research regarding knowing for sure that it's one $7500 per vehicle and not one per tax filer? Trying to confirm that two $7500 credits are possible if I buy two cars.
Jan 14, 2023 08:46 PM
2,138 Posts
Joined Sep 2022
norcal007Jan 14, 2023 08:46 PM
2,138 Posts
Quote from vndragonslayer :
you didn't get a xle premium hybrid for 35k.. show sales contract then.. no toyota stealership is forgoing free adm money unless you've been sitting ages on a deposit reservation
Msrp is $35,125. for the 2023. Learn to negotiate.

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Jan 14, 2023 08:46 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 08:46 PM
532 Posts
Quote from HilariousSummer791 :
Anyone who thinks Tesla is a luxury is an idiot. The only thing Tesla does well is its bettery. The entire car is basically an empty box on the battery. Mode Y in china is sold under 40K. American is being ripped off over here.

2023 will have a lot of new electric cars coming out from competior that Telsa will have to compete. Expect at least 10K price drop from here. You gotta be an idiot to buy a 50K car just to "save" gas because it's NOT saving.
Hey another guy spewing competition is coming. We are still waiting, and waiting and waiting.
1
Jan 14, 2023 08:47 PM
1,853 Posts
Joined Jun 2003
69ragtopJan 14, 2023 08:47 PM
1,853 Posts
Quote from se-riously :
Yes, you can add EAP later. I suggest you save your money though. The future "accessory purchase" of EAP would not get reported to the IRS or affect your eligibility. This is no different than if you bought a Jeep and decided to add a lift kit later. If you're that worried, just add the EAP in 2024.
I don't think the EAP counts towards the $55k limit. It is a SW feature. If you configure a Model Y with EAP, the total is above $55k but the website still shows the green check and states: Your design qualifies for a $7,500 federal tax credit for eligible buyers.

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.
Jan 14, 2023 08:48 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 08:48 PM
532 Posts
Quote from AlexK6706 :
2021 Macan.
Doesn't qualify for IRA.
1
Jan 14, 2023 08:49 PM
9 Posts
Joined Sep 2020
aghastJan 14, 2023 08:49 PM
9 Posts
Quote from EliteDealHunter :
I've owned 2 Teslas and 5 EVs total. No disputing EVs are good. A lot of people think Tesla is the greatest car ever though because they haven't actually driven other good cars or just are excited because of the acceleration of an EV. Once that novelty wears off Tesla isn't that great of a car. Tons of quality issues and customer service literally doesn't exist… as in they have no customer service department.
I've also owned two Tesla (still driving the second) and I have no idea what you're talking about. I had one door handle replaced and three flat tires replaced at home in front of my garage. I submitted a request through the app and they were there in less than 24h. Tesla is a great car, only in small part due to its acceleration, and claiming it has no customer service department is straight FUD.
1
Jan 14, 2023 08:50 PM
36 Posts
Joined Aug 2013
JamesH9564Jan 14, 2023 08:50 PM
36 Posts
Quote from AlexK6706 :
How come the most reliable luxury sports car tesla had 4 years of warranty but ICE piece of junk Genesis offers 10 years of one?
A little bit history on why the "junk Genesis" offers 10 years of warranty: That was because they used to have junk quality prior to the 1990's. They had so much trouble shaking that reputation off even when their quality became better, they offered a 10-year warranty (which was unheard of at that time) to beg people to give them another chance. It worked, not because of the 10-year warranty, but their quality was already very good.

So... Modern cars actually have pretty good quality, including the two Teslas I have owned for 4 years.
Jan 14, 2023 08:50 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 14, 2023 08:50 PM
2,409 Posts
Quote from pugxiwawa :
7500 is a sizable amount regardless your income. Dual income making over 300k is really not that much if you live in big city like SF, LA and NYC. I would say that's middle-class-ish in those cities. 300k after fed, state and local tax you are lucky to have 50%. Factor in the big mortgage needed to stay in those markets there's not that much left. Then you add in kids…you get the idea.
That reminds me of rant of doctors on reddit how they struggle with paying off their student debt and mclaren lease.
Jan 14, 2023 08:51 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 08:51 PM
532 Posts
Quote from AlexK6706 :
I don't need to ask anyone as my colleagues drive Porsches and couldn't care less about tesla. The reality is Tesla is cheap and gets its ass beaten by a 6000 pound ICE Porsche SUV.

All this rant about tesla is a luxury sports car makes me laugh. LMAO Luxury sports cars don't get their asses beaten by SUV.
No one cares your friend's friend's mom's kid driving a Porsche. Irrelevant. People buy Tesla not thinking it's a luxury or sports car. They buy because it offers the BEST value if you are looking for EV, charging network, cargo space, family car SAFETY…etc. there's a reason why it's best selling car. No one cares it loses on track to some fancy sports car or missing a diamond cut knob for radio in the car. You are the one making absurd assumption on the buyer. You don't like Tesla selling car? Move along stop thread crapping.

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Jan 14, 2023 08:52 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 14, 2023 08:52 PM
2,409 Posts
Quote from JamesH9564 :
A little bit history on why the "junk Genesis" offers 10 years of warranty: That was because they used to have junk quality prior to the 1990's. They had so much trouble shaking that reputation off even when their quality became better, they offered a 10-year warranty (which was unheard of at that time) to beg people to give them another chance. It worked, not because of the 10-year warranty, but their quality was already very good.

So... Modern cars actually have pretty good quality, including the two Teslas I have owned for 4 years.
I'm not interested in history, I'm interested in current market conditions. If tesla was a reliable luxury sports cars it would neither have a 4 year warranty nor it would get it's ass beaten by an ICE SUV.

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