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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 15, 2023 03:43 PM
156 Posts
Joined Apr 2013
RevanriviaJan 15, 2023 03:43 PM
156 Posts
Quote from PurpleRain77 :
My est delivery date got updated to Jan25th from March in Dallas TX
Ordered mine Friday and my delivery date got updated to January 15-27. Dallas too.
Pro
Jan 15, 2023 03:44 PM
1,690 Posts
Joined Feb 2008
rotorrocket
Pro
Jan 15, 2023 03:44 PM
1,690 Posts
Quote from whocares1 :
It looks not good and I think would not be as durable as leather seats.
Wrong. Seats hold up very, very well. No conditioners need like leather and clean up easily. Using baby wipes is what many recommend.
1
Jan 15, 2023 03:44 PM
37,844 Posts
Joined May 2007
rrc06Jan 15, 2023 03:44 PM
37,844 Posts
Quote from pga :
how many miles on your tesla?
123,576
Jan 15, 2023 03:44 PM
1,207 Posts
Joined Nov 2020
mattymsu25Jan 15, 2023 03:44 PM
1,207 Posts
Atop her Twitter thread Friday, Wu wrote, "Tesla lowering prices by $13,000 is going to devastate the company in the long term…For starters, the profit margin on each car is going to plummet, deeply affecting their revenue. Expecting sales to be up, but earnings way down."

She added later, "How does Tesla get their prices back up on mainstream models? They don't have any new cars on the horizon, They are selling a rapidly aging NINE-year-old car and a five year old car. It costs hundreds of millions to bring new cars to market. It's going to be a cash crunch."

For Tesla owners looking to sell their vehicles, the steep price cuts this week have been frustrating. One who spoke to Fortune said he listed his 2018 Model 3 with the Full Self-Driving Beta software package for around $51,000 in December, but would likely cut the price to $30,000.
1
Jan 15, 2023 03:45 PM
37,844 Posts
Joined May 2007
rrc06Jan 15, 2023 03:45 PM
37,844 Posts
Quote from ikonoklast :
The driver has the ultimate responsibility to not be a moron and believe Tesla's BS marketing, read and abide by the instructions, etc.

Tesla has the responsibility to not name something FULL SELF DRIVE when it's not full self-driving. It's false advertising which is against the law.

Just because something is optional doesn't mean it should take away Tesla's responsibility in marketing.

Yes, companies mislead but it's wrong in any other case as it is in Tesla's case. However, we are not talking about a harmless video game here. We are talking about a 4k+ lbs vehicle that has the real danger to cause serious harm where stupid drivers do stupid things. Mix stupid people with false advertising and you have a recipe for harm.
So many YouTube videos years ago with stupid Tesla drivers asleep in stop and go traffic on the interstate misusing autopilot .

Because of those idiots, now there are those stupid prompts every 5-10 seconds with subsequent software updates. original autopilot software never had that
Jan 15, 2023 03:45 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 03:45 PM
2,409 Posts
Quote from RoyGeeBiv :
Umm... for the last two years Tesla hasnt even qualified for the 7500 rebate. Still sold every one they could make.
So they were selling every car they could make and then decided to reduce the price by 20%?
1
Jan 15, 2023 03:47 PM
400 Posts
Joined Nov 2010
bigemu1Jan 15, 2023 03:47 PM
400 Posts
Quote from kusanagiz :
Unfortunately not. Realized losses (such as stocks) are capped at $3,000 ($1,500 if married filing separately) . So if you lost 20k in 2022 and let's say you're married filing jointly, you can write off $3,000 for that year and do a capital loss carry for each subsequent years up to $3,000. So it'd take you 7 years to write off your 20k loss assuming you don't have any more overall realized losses for the subsequent years. At least this is my understanding as this will be the first year I'll be in such a situation.

I'll be having a carry over for a loooong time myself.
Correct.

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Jan 15, 2023 03:48 PM
37,844 Posts
Joined May 2007
rrc06Jan 15, 2023 03:48 PM
37,844 Posts
Quote from mattymsu25 :
Atop her Twitter thread Friday, Wu wrote, "Tesla lowering prices by $13,000 is going to devastate the company in the long term…For starters, the profit margin on each car is going to plummet, deeply affecting their revenue. Expecting sales to be up, but earnings way down."

She added later, "How does Tesla get their prices back up on mainstream models? They don't have any new cars on the horizon, They are selling a rapidly aging NINE-year-old car and a five year old car. It costs hundreds of millions to bring new cars to market. It's going to be a cash crunch."

For Tesla owners looking to sell their vehicles, the steep price cuts this week have been frustrating. One who spoke to Fortune said he listed his 2018 Model 3 with the Full Self-Driving Beta software package for around $51,000 in December, but would likely cut the price to $30,000.
Last two years were abnormal. People were making money when they returned their leases, or flipping their newly delivered cars.

no reason for tesla not to take a margin hit to steal more share from up and comers. they have the best margins in the industry
Jan 15, 2023 03:48 PM
17 Posts
Joined Jan 2019
sfkeepayJan 15, 2023 03:48 PM
17 Posts
Quote from liquid_celica :
It's funny to think people like this were "environmentalist" and all about the cause until their political feathers get ruffled. But good for you, stand your ground and don't buy an EV or a mega corp running dirty ICE engines. Back to horses... Wait the animal rights...

Note: CEO to Ford gm and Walmart donated to the bad elephant people...I guess you won't be buying EV from them or shopping at big blue either.
Reluctant to throw kindling on this, but Musk has captured a very popular piece of a forum that has become functionally integrated into the public square. He's actively silencing those who criticize him on Twitter, further announcing his autocratic and dictatorial predilections to everyone who hadn't been so informed by his Covid-era behavior towards his Tesla employees. This goes far beyond "mere" political donations and base-covering.

Probably to the good, though, as it illustrates the risk we all run by tolerating the private ownership of public necessities. It doesn't matter what your political inclinations may be if your freedom to participate in politics is arbitrarily denied. We should all come to one another's defense to prevent that from happening.
1
Jan 15, 2023 03:48 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 03:48 PM
2,409 Posts
Quote from rotorrocket :
Wrong. Seats hold up very, very well. No conditioners need like leather and clean up easily.
LMAO
Jan 15, 2023 03:49 PM
9,521 Posts
Joined Aug 2003
ikonoklastJan 15, 2023 03:49 PM
9,521 Posts
Quote from NotAbot987 :
It's likely a driver error because, from everything we know and could see on video, system worked as designed. In the end it's a level 2 system and driver is to supervise the system. Here's how Tesla describes the system:

">What will I get when I purchase the Full Self-Driving capability?
You will get access to a suite of more advanced driver assistance features, designed to provide more active guidance and automatic driving under your active supervision."
So why is it named FULL SELF DRIVING? Do words have no meaning anymore? Am I crazy?

FULL SELF DRIVING is not full-self driving if it requires driver intervention. That is my point. I don't care if you call it BETA, if you are charging $15k for it, then it is false advertising. False advertising is against the law.

I am not taking away the driver's responsibility here. I am also not going to ignore Tesla's responsibility to not name something that is clearly not full-self driving.

Also "likely" and "is" are not the same. There is not enough info to make a determination on the cause of this crash at the moment.
Jan 15, 2023 03:50 PM
19 Posts
Joined Nov 2015
Raj1237Jan 15, 2023 03:50 PM
19 Posts
Quote from Tri1914 :
Got one! model y 7 seater, now a 4k option. I am whole
May I know how long it took after you placed order? I am thinking to place order for 7 seater, but not sure if I get it before Mar 31st.
Jan 15, 2023 03:50 PM
278 Posts
Joined Jan 2017
RoyGeeBivJan 15, 2023 03:50 PM
278 Posts
Quote from mattymsu25 :
Atop her Twitter thread Friday, Wu wrote, "Tesla lowering prices by $13,000 is going to devastate the company in the long term…For starters, the profit margin on each car is going to plummet, deeply affecting their revenue. Expecting sales to be up, but earnings way down."

She added later, "How does Tesla get their prices back up on mainstream models? They don't have any new cars on the horizon, They are selling a rapidly aging NINE-year-old car and a five year old car. It costs hundreds of millions to bring new cars to market. It's going to be a cash crunch."

For Tesla owners looking to sell their vehicles, the steep price cuts this week have been frustrating. One who spoke to Fortune said he listed his 2018 Model 3 with the Full Self-Driving Beta software package for around $51,000 in December, but would likely cut the price to $30,000.
Tesla has the margins to do this and still make way more per vehicle than legacy auto. They are refining their already untouchable efficiency in manufacturing (giga-casting, 4680 cells, etc) and vertical integration is unmatched at these production levels. The cyber truck (supposedly) will reach production this year, with 300k preorders IIRC. Tesla will take a hit on margin and possibly revenue, but sales in Q1 will be WAY up. No doubt about that.
1
Jan 15, 2023 03:51 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 03:51 PM
2,409 Posts
Quote from Pga :
cause "vegan leather"...what use to be called faux pleather..... is the thing when your are mostly marking to very left spectrum crowd. As I recall the crazy PETA types shamed Telsa into removing all leather from the cars. Musk happily complied to decontent the cars.
It has nothing to do with PETA. As long as tesla owners keep praising this shit they'll keep throwing it at them. Ignorance is a bliss.
1

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Jan 15, 2023 03:52 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 03:52 PM
2,409 Posts
Quote from RoyGeeBiv :
Tesla has the margins to do this and still make way more per vehicle than legacy auto. They are refining their already untouchable efficiency in manufacturing (giga-casting, 4680 cells, etc) and vertical integration is unmatched at these production levels. The cyber truck (supposedly) will reach production this year, with 300k preorders IIRC. Tesla will take a hit on margin and possibly revenue, but sales in Q1 will be WAY up. No doubt about that.
Amen.
1

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