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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.

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 10:35 PM
846 Posts
Joined May 2013
SamirPDJan 14, 2023 10:35 PM
846 Posts
Quote from hallaj33 :
This is going to sound dumb, but is there a way to increase my tax liability so that this tax credit would actually benefit me?
Yes. If you have something that you can sell for a gain that will increase your tax liability, you can do that. However, keep in mind that even if you're in the 40% tax bracket, you'll need to earn an additional $18750 taxable income to be able to generate a $7500 tax liability.
Jan 14, 2023 10:36 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:36 PM
399 Posts

Our community has rated this post as helpful. If you agree, why not thank EliteDealHunter

Quote from BrokePanda :
This is not true. There has never been a wait at a Tesla SC. Cost depends on time due to tier time of use. But it it's still cheaper than gas. Please don't post any false information.
Never been a wait? 😂😂😂 Maybe if you live in Nebraska or something. Come out to the western states and get in line bud.
1
Jan 14, 2023 10:36 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 14, 2023 10:36 PM
3,694 Posts
Quote from EliteDealHunter :
Not me. Just sold mine. Car is fast in a straight line and that's where the fun ends.
Excellent AWD sticky handling for me, responsive steering. Track mode has lot of neat options including power split. What's better at ~52k (20, sleeper)?

A: Nothing




Edit: CRICKETS...
Last edited by Anonymous January 14, 2023 at 04:00 PM.
Jan 14, 2023 10:39 PM
71 Posts
Joined Apr 2018
jtupac99Jan 14, 2023 10:39 PM
71 Posts

Our community has rated this post as helpful. If you agree, why not thank jtupac99

5.3% interest over 72 months doesn't really seem attractive. You end up paying 8.6k interest on a 52k loan. I'll pass
1
Jan 14, 2023 10:39 PM
846 Posts
Joined May 2013
SamirPDJan 14, 2023 10:39 PM
846 Posts
Quote from hunter44102 :
Isn't all the savings negated by much higher interest rates than last year? Unless you pay cash of course
I think that's kind of the idea behind these incentives and price breaks. For most people living paycheck to paycheck it's just the payment that matters.

Saw this in the housing bubble in the bay area too. Just down the street from us a house sold for nearly 600k more just a few months before we bought ours. And after I ran the numbers for a loan, the payment based on the same principle would have been the same because of the interest rates. If I would have known I would have had to get a loan and had to buy in this timeframe, I would have just bought that one instead. I don't think anyone even lives in it.
Jan 14, 2023 10:40 PM
385 Posts
Joined Jan 2006
boogakJan 14, 2023 10:40 PM
385 Posts
Quote from BrokePanda :
Lol u don't own a Tesla. Don't need the app. The car has it built in their MCU system. And you wont want to charge at those free places. They are only 8.4kw speed. Slow AF.
I had a 2020 Model 3 I sold last year. The builtin map only shows superchargers and destination chargers. If I'm going to be at a spot for hours at a time (like working from a coffee shop), why wouldn't I use the free and slower charging to top off? I wouldn't use them in the middle of a road trip though unless it was at a hotel overnight (which I also used Plugshare to find).
Last edited by boogak January 14, 2023 at 03:45 PM.
Jan 14, 2023 10:42 PM
111 Posts
Joined Jun 2012
pekpek23Jan 14, 2023 10:42 PM
111 Posts
Quote from ravage :
Only for the yuppies! Elon is a joke, company is a joke! Look at the bad reviews for Telsa, people get locked out of cars and replacement batteries that no one can afford.
I bought my Tesla model 3 brand new in 2020 love it except the battery has gone from full charge 270 miles from 2020 to 240 miles in Jan 2023. Don't know if this will continue to degrade every year. I follow all the tips and advice from forums as to how to charge it properly and still it's an issue. Hope it lasts and warranty covers if something goes wrong
1

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Jan 14, 2023 10:47 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:47 PM
399 Posts
Quote from SamirPD :
I think that's kind of the idea behind these incentives and price breaks. For most people living paycheck to paycheck it's just the payment that matters.

Saw this in the housing bubble in the bay area too. Just down the street from us a house sold for nearly 600k more just a few months before we bought ours. And after I ran the numbers for a loan, the payment based on the same principle would have been the same because of the interest rates. If I would have known I would have had to get a loan and had to buy in this timeframe, I would have just bought that one instead. I don't think anyone even lives in it.
If it's the same size house then you're probably better off now since you can move whenever you like… rather pay higher interest short term than be locked into a house that's lost value and is underwater. If the other house is still actually valued $600k more then yeah… much better deal to have bought it.
Jan 14, 2023 10:51 PM
3,831 Posts
Joined Oct 2006
MacB00kemDannoJan 14, 2023 10:51 PM
3,831 Posts
Quote from BrokePanda :
This is not true. There has never been a wait at a Tesla SC. Cost depends on time due to tier time of use. But it it's still cheaper than gas. Please don't post any false information.
Never say never; it's going to be highly dependent on where you live, what time of day it is, and if it's a weekend/holiday period.

I've had my Tesla for 1.5 years, and I MOSTLY charge at home. I only Supercharge on long drives in and out of state. However, I've had to wait for an available charger maybe twice in all that time. And I only waited about 5 mins to get an available spot, but it happens...
Jan 14, 2023 10:53 PM
3,056 Posts
Joined Apr 2010
madmoney1Jan 14, 2023 10:53 PM
3,056 Posts
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
Jan 14, 2023 10:55 PM
677 Posts
Joined Apr 2007
happens31Jan 14, 2023 10:55 PM
677 Posts
Quote from dvrrajesh :
I am trying to schedule pickup with Tesla and it shows 15, 16, 17 only. I am hoping that if I wait I can schedule during weekends. Also I applied for loan in credit union. I assume it will take few days to get it approved.
Which credit union did you go with?
Jan 14, 2023 10:58 PM
5,547 Posts
Joined Apr 2008
WilliamGJan 14, 2023 10:58 PM
5,547 Posts
Quote from pekpek23 :
I bought my Tesla model 3 brand new in 2020 love it except the battery has gone from full charge 270 miles from 2020 to 240 miles in Jan 2023. Don't know if this will continue to degrade every year. I follow all the tips and advice from forums as to how to charge it properly and still it's an issue. Hope it lasts and warranty covers if something goes wrong
Pretty normal. It will drop around 10% in the first year or two (depending on how many miles you have on it), and then stabilizes for a good while.
Jan 14, 2023 11:00 PM
385 Posts
Joined Jan 2006
boogakJan 14, 2023 11:00 PM
385 Posts
Quote from madmoney1 :
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
You can get by with a standard 120v outlet with that type of usage. IIRC I would get 5 miles per hour charging my Model 3 using a standard outlet, you can get all that back overnight.
Jan 14, 2023 11:03 PM
399 Posts
Joined Nov 2014
EliteDealHunterJan 14, 2023 11:03 PM
399 Posts
Quote from madmoney1 :
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
Mobile connector is really all you need in any situation. Especially now that it comes with both the standard and 14-50 adapters. Can charge at level 1 and add 4 or so miles per hour of charge or charge at level 2 and add somewhere around 25 miles per hour of charge.

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Jan 14, 2023 11:10 PM
2,227 Posts
Joined Feb 2013
ZeeDuckJan 14, 2023 11:10 PM
2,227 Posts
Quote from pugxiwawa :
Check how many Lyriq GM sold last quarter. 12! Wow! Yeah you keep waiting for competition we get to enjoy our Tesla.
That's a bit misleading as GM is slowly releasing that car. Unlike Tesla GM isn't counting pre-production units as deliveries and GM seems to be taking this one very slowly.

There are plenty of Tesla alternatives on the road and most are sold by honest companies with dealers who can actually help when things go wrong. They also are sold by companies that don't claim (and take money for) "full self driving" and then don't deliver.
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