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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 2,615,416 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 15, 2023 04:16 AM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 15, 2023 04:16 AM
3,694 Posts
Quote from j4c11 :
That sounds made up. The only online record of such a person indicates they've replaced the battery pack multiple times, and the first one failed after 180,000 miles.
Hansjörg's latest battery. I'd love to get 180k.

Everybody here that cries about Tesla prices invariably follows a generic Amazon Choice generic pop tarts thread like Dog&Pony.
Last edited by Anonymous January 14, 2023 at 09:18 PM.
Jan 15, 2023 04:18 AM
6,855 Posts
Joined Dec 2007
ELofLAJan 15, 2023 04:18 AM
6,855 Posts
Quote from Hank5150 :
Can cali people jump in? Will we get the $2k clean air rebate stacked on top too?
Yes up to $4,500
Now that model 3 and y are below the CVRP MSRP cap.
CVRP website should update by next week.
There is also a $9,500 if you replace your old car (2007 or older).
Last edited by ELofLA January 14, 2023 at 09:22 PM.
Jan 15, 2023 04:19 AM
2,899 Posts
Joined Jan 2011
WifeCallsMeCheapJan 15, 2023 04:19 AM
2,899 Posts
Quote from ELofLA :
CALIFORNIA

Now the Model 3 and Y do qualify for CVRP rebate up to $4,500 ($2,000 + $2,500 income eligible )
https://cleanvehiclerebate.org/en...ligibility

Website is not updated yet to reflect the change in Tesla MSRP
On March 15, 2022, Tesla increased the manufacturer's suggested retail price (MSRP) of the Model 3 and Model Y which places these vehicles over the CVRP MSRP cap. CVRP-eligible Cars (per EPA Vehicle Class) have a maximum manufacturer's suggested retail price (MSRP) of $45,000*. CVRP-eligible SUVs, trucks, and vans (per EPA Vehicle Class) have a maximum manufacturer's suggested retail price of $60,000.

Based on CVRP vehicle eligibility requirements, any Tesla Model 3 or Model Y that was ordered on or after March 16, 2022, is not eligible for a CVRP rebate.
Jan 15, 2023 04:20 AM
8,839 Posts
Joined Oct 2008
DontTaxBeerJan 15, 2023 04:20 AM
8,839 Posts
Quote from anhdongtx :
The under 30K are not the same quality car
i gauge quality by safety and reliability and the CRV or rav4 hybrid have been taking top spots. to me, nothing is more important. i'll likely go with one of them.
Jan 15, 2023 04:22 AM
1,207 Posts
Joined Nov 2020
mattymsu25Jan 15, 2023 04:22 AM
1,207 Posts
I make the SD average of $440k per year. Should I do a 72 month lease or finance over 84? Thanks!
1
Jan 15, 2023 04:23 AM
389 Posts
Joined Apr 2019
Tri1914Jan 15, 2023 04:23 AM
389 Posts
I ordered on the night of the price cuts and i got Feb 20-March 28 estimate delivery. I really think tesla prioritizes closer states more than farther states. Im in Georgia
Pro
Jan 15, 2023 04:27 AM
1,610 Posts
Joined Jul 2009
paliknight
Pro
Jan 15, 2023 04:27 AM
1,610 Posts
I'm seeing 55990 not 52990 for model Y

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Jan 15, 2023 04:27 AM
6,855 Posts
Joined Dec 2007
ELofLAJan 15, 2023 04:27 AM
6,855 Posts
Quote from BrokePanda :
On March 15, 2022, Tesla increased the manufacturer's suggested retail price (MSRP) of the Model 3 and Model Y which places these vehicles over the CVRP MSRP cap. CVRP-eligible Cars (per EPA Vehicle Class) have a maximum manufacturer's suggested retail price (MSRP) of $45,000*. CVRP-eligible SUVs, trucks, and vans (per EPA Vehicle Class) have a maximum manufacturer's suggested retail price of $60,000.

Based on CVRP vehicle eligibility requirements, any Tesla Model 3 or Model Y that was ordered on or after March 16, 2022, is not eligible for a CVRP rebate.
The new MSRP is below the CVRP MSRP cap, therefore they qualify…. the website will be updated next week.
Jan 15, 2023 04:27 AM
197 Posts
Joined Jul 2015
mitzechoJan 15, 2023 04:27 AM
197 Posts
Quote from kingzq :
No it doesn't, it's a standalone fee.
No it goes towards the car price
2
Jan 15, 2023 04:30 AM
3,831 Posts
Joined Oct 2006
MacB00kemDannoJan 15, 2023 04:30 AM
3,831 Posts
OK, I was doing our taxes for 2022 with H&R Block

Between my wife and I, we owed $10,303 in federal taxes
We have $4000 in tax credits
And we already paid $9,445 in taxes in our paycheck

So, according to H&R Block, we're due a federal refund of $3,142

Since our tax liability is over $7,500, would we qualify for the full $7,500 credit when we file our 2023 taxes (assuming our income doesn't change much for 2023)? Also, we are well under the income limits.
Jan 15, 2023 04:36 AM
1,710 Posts
Joined Nov 2009
HusbeardJan 15, 2023 04:36 AM
1,710 Posts
Must be broken for me? $55990 everywhere I look.
Jan 15, 2023 04:40 AM
5,079 Posts
Joined Dec 2009
SDSummerDayJan 15, 2023 04:40 AM
5,079 Posts
Quote from paliknight :
I'm seeing 55990 not 52990 for model Y
as mentioned a million time before
customize order.

every option (include color) adds to the cost. don't look at the existing inventory.
Jan 15, 2023 04:41 AM
2,566 Posts
Joined Oct 2006
sussigJan 15, 2023 04:41 AM
2,566 Posts
Quote from hi4700 :
Same here. I ordered MY from Dallas Texas. Ordered 7.35pm CST. Today noon it changed to Jan 22 - Feb 2nd. Nice.
wat color are you getting ? trying to figure out if white color gets built faster than other colors
Pro
Jan 15, 2023 04:44 AM
4,529 Posts
Joined Mar 2006
tqlla3k
Pro
Jan 15, 2023 04:44 AM
4,529 Posts
Quote from mattymsu25 :
I make the SD average of $440k per year. Should I do a 72 month lease or finance over 84? Thanks!
Just donate $141K so that you qualify for the government assistance.
1

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Jan 15, 2023 04:45 AM
903 Posts
Joined Jun 2007
vishnumraoJan 15, 2023 04:45 AM
903 Posts
Model 3 and Model Y were previously disqualified from the $2000 CA CVRP rebate due to them exceeding the 45K and 60K price limits respectively. Now that they are well within the price ranges, anyone know CVRP will reconsider giving Tesla vehicles the rebate?

Source of information: Can I apply for a rebate for my Tesla Model 3 or Tesla Model Y? | Clean Vehicle Rebate Project

I believe CVRP will not start allowing Tesla again. Maybe SDers in CA can petition them?? :-) for an even slicker deal.

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