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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 2,616,675 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.

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 09:33 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 09:33 PM
399 Posts
Quote from AlphaSix :
So what you are saying is that you just experienced the usual Tesla experience
😂This is so true. Wait until they get their car and have to deal with service 😂
1
Jan 14, 2023 09:33 PM
13 Posts
Joined Mar 2016
y2khardtop1Jan 14, 2023 09:33 PM
13 Posts
nevermind
Jan 14, 2023 09:33 PM
41 Posts
Joined Oct 2020
TheSource777Jan 14, 2023 09:33 PM
41 Posts
Quote from AlexK6706 :
Tesla was found to be one of the most unreliable brands in America, according to Consumer Reports' annual reliability report.
The same report that considers "panel gaps" to be equivalent as "engine failure"? And the same Consumer Reports that also had Tesla as #1 in overall customer satsfaction among all car owners?

Here's a much more quantitative study that shows total repair cost as a % of car purchase price over a 10 year period, where Tesla led the way. https://theclunkerjunker.com/blog/which-cars-have-thebest-maintenance-costs/ [driveteslacanada.ca]
2
Jan 14, 2023 09:34 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 09:34 PM
399 Posts
Quote from y2khardtop1 :
anybody know why this "expires" in March according to Tesla? The IRS page doesn't say anything about an expiration.
The batteries may get disqualified because they aren't made in the US and then the credit will drop. Right now the US isn't enforcing that part of the credit rule but it kicks in in March.
1
Jan 14, 2023 09:36 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 14, 2023 09:36 PM
2,409 Posts
Quote from TheSource777 :
The same report that considers "panel gaps" to be equivalent as "engine failure"? And the same Consumer Reports that also had Tesla as #1 in overall customer satsfaction among all car owners?

Here's a much more quantitative study that shows total repair cost as a % of car purchase price over a 10 year period, where Tesla led the way. https://theclunkerjunker.com/blog/which-cars-have-thebest-maintenance-costs/ [driveteslacanada.ca]
Well...considering that Porsche comes third with $500 oil changes and $10 000 PCCB brake jobs Tesla's maintenance is not as free as local inhabitants tend to emphasize?
Jan 14, 2023 09:36 PM
4,795 Posts
Joined Feb 2008
AlphaSixJan 14, 2023 09:36 PM
4,795 Posts
Quote from TheSource777 :
The same report that considers "panel gaps" to be equivalent as "engine failure"? And the same Consumer Reports that also had Tesla as #1 in overall customer satsfaction among all car owners?

Here's a much more quantitative study that shows total repair cost as a % of car purchase price over a 10 year period, where Tesla led the way. https://theclunkerjunker.com/blog/which-cars-have-thebest-maintenance-costs/ [driveteslacanada.ca]
Let me be real here for a moment. I just took delivery on a Mach E and it embarasses the Model 3 now parked outside.
1
Jan 14, 2023 09:36 PM
102 Posts
Joined Dec 2011
C304Jan 14, 2023 09:36 PM
102 Posts
There's no requirement in the tax credit rules on holding the vehicle. I wonder if there's some market for lower income people "buying" the vehicle and immediately selling it to higher income people. Like I'm over the limit, but my retired father is not. If he bought the car for $55,000 and sold it to me for $53,000, I'd save $2000 and he'd net $5500 on his taxes next year.

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Jan 14, 2023 09:37 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 14, 2023 09:37 PM
4,331 Posts
Quote from mysql :
BMW has a ton of EVs now.
They have three (3).
Jan 14, 2023 09:37 PM
5,079 Posts
Joined Dec 2009
SDSummerDayJan 14, 2023 09:37 PM
5,079 Posts
I bought two days ago, and now my delivery estimate is jan 21 to Feb 4th
Kind of disappointed since I was hoping late march for the change to have better sensors
Jan 14, 2023 09:38 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 14, 2023 09:38 PM
532 Posts
Quote from dtwizzy :
Just left Tesla and they couldn't guarantee you would get the car prior the tax credit not being available anymore. And they were unsure if it was beginning or end of March
That's because no one knows besides IRS. Only IRS could wait until 3 days before the new year to publish guideline that exclude Model Y from 80k. That IRS for sure will do anything in its power to screw Tesla more. You better bet is just do customer order and most likely than not it will come before March. Good luck.
Jan 14, 2023 09:38 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 09:38 PM
399 Posts
Quote from TheSource777 :
The same report that considers "panel gaps" to be equivalent as "engine failure"? And the same Consumer Reports that also had Tesla as #1 in overall customer satsfaction among all car owners?

Here's a much more quantitative study that shows total repair cost as a % of car purchase price over a 10 year period, where Tesla led the way. https://theclunkerjunker.com/blog/which-cars-have-thebest-maintenance-costs/ [driveteslacanada.ca]
Had two. Tesla's initial quality is the worst I've ever seen after buying 30+ new cars. Paint runs, wheels out of alignment, panel gaps, AC issues, etc. When I went to pickup my 2022 Model 3 Performance the spoiler in the back was actually not even stuck down on the sides so both ends were sticking up. Typical delivery where I had to make a service appointment to fix several things that were wrong upon delivery… since they have no way to just fix them for you in a few hours at the same location like a traditional dealer could. Had to wait a month and then drive 45 minutes each way to drop off and pickup the car with no loaner available.
1
1
Jan 14, 2023 09:38 PM
6,303 Posts
Joined Jul 2008
F1RacerJan 14, 2023 09:38 PM
6,303 Posts
Quote from EliteDealHunter :
Your example acts like Tesla is good because they dominate their new market… it leaves out the overall car market that is dominated by ICE vehicles. You really think that when BMW, GM, etc. go all in on EVs Tesla is still going to dominate? They dominate now because the big players are making plenty of money without even trying to compete with Tesla.

The future is now, clinging on to dino tech is for losers.

The 2 big Japanese vendors can't even decide if they want to commit to fossiless tech.
GM, Ford, - again - its been 12 years & counting & if selling dino was soo profitable - why is it that why every few years (recession or pandemic included) ICE mannies come back to get handouts from the US people?

At least the Euros has shown some inclination: VW & BMW - but selling to 'murican pickup loving peeps isn't their forte.
Jan 14, 2023 09:39 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 09:39 PM
399 Posts
Quote from C304 :
There's no requirement in the tax credit rules on holding the vehicle. I wonder if there's some market for lower income people "buying" the vehicle and immediately selling it to higher income people. Like I'm over the limit, but my retired father is not. If he bought the car for $55,000 and sold it to me for $53,000, I'd save $2000 and he'd net $5500 on his taxes next year.
Except… sales tax in most states kills this deal.
Jan 14, 2023 09:40 PM
2,008 Posts
Joined Nov 2005
tubsJan 14, 2023 09:40 PM
2,008 Posts
Quote from C304 :
There's no requirement in the tax credit rules on holding the vehicle. I wonder if there's some market for lower income people "buying" the vehicle and immediately selling it to higher income people. Like I'm over the limit, but my retired father is not. If he bought the car for $55,000 and sold it to me for $53,000, I'd save $2000 and he'd net $5500 on his taxes next year.
Not viable after factoring sales tax

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Jan 14, 2023 09:40 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 09:40 PM
399 Posts
Quote from F1Racer :
The future is now, clinging on to dino tech is for losers.

The 2 big Japanese vendors can't even decide if they want to commit to fossiless tech.
GM, Ford, - again - its been 12 years & counting & if selling dino was soo profitable - why is it that why every few years (recession or pandemic included) ICE mannies come back to get handouts from the US people?

At least the Euros has shown some inclination: VW & BMW - but selling to 'murican pickup loving peeps isn't their forte.
Tesla literally just lowered their prices 20% in order to qualify for a handout…
1

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