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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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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 05:22 PM
304 Posts
Joined Dec 2016
anhdongtxJan 15, 2023 05:22 PM
304 Posts
Quote from AlexK6706 :
Is C&D magazine tesla hater too because they are honest that it's just piece of junk? Don't get on the defensive and start calling people haters because they are trying to educate you and get you out of your ignorance misery.
Educate me then. Give me some real data.

Show me some cars that have as much for 48K model Y or 38K model 3 for the same price
1
Jan 15, 2023 05:23 PM
5,661 Posts
Joined Jul 2014
FHRITPJan 15, 2023 05:23 PM
5,661 Posts
Good morning, Julia
1
Original Poster
Jan 15, 2023 05:24 PM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 15, 2023 05:24 PM
673 Posts
Quote from wzzp144 :
Can someone explain if I go over $55,000, I do not qualify for the $7,500 tax credit?

Getting White + 20" wheel + White interior = $55,990.

1) Can I get the 19" wheels and then later change them to 20" ?
2) What do ya think about the white seats?
If you get the 19" wheel you can later purchase 20" wheels.

I cannot comment on white interior as I have a kid and keeping the seats clean would be an hassle for me.
Jan 15, 2023 05:26 PM
57 Posts
Joined Aug 2017
nil99Jan 15, 2023 05:26 PM
57 Posts
maybe wait for 3 months and possibly one more price cut See what Elon said on Dec 22 in an interview that he will lower prices to keep volumes high so should we expect more price cuts soon as Berlin and Austin go into full production https://twitter.com/BradMunchen/s...6920160259
Jan 15, 2023 05:26 PM
4,330 Posts
Joined Apr 2012
twoweeledJan 15, 2023 05:26 PM
4,330 Posts
Quote from RoyGeeBiv :
Pretty obvious with all the coping and seething going on here that many of these chumps got rekt when TSLA was mooning and didnt have the balls or the resources to ride it out and profit from the 70% crash... which just made them more angry. Probably think life cheated them somehow.
You think it was because of the stock drop? I don't know what "mooning" means. It has been a hell of a drop, but I wonder if we'd see this kind of backlash over AMZN, AAPL or GOOGL? I think there's more to it, but maybe that's a big chunk of it. I'm sure I've lost more than the average on AMZN and I still use them and think they are really good! Puzzling to me.
Pro
Jan 15, 2023 05:26 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 15, 2023 05:26 PM
13,111 Posts
Quote from davedogx :
Just pre-ordered black model Y thanks to this helpful thread minus all the garbage posters!
As is SlickDeals tradition
Jan 15, 2023 05:28 PM
1,211 Posts
Joined Oct 2008
California-BoyJan 15, 2023 05:28 PM
1,211 Posts
Is it possible to do anything to get the price difference for those who about it in December?
1

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Jan 15, 2023 05:28 PM
1,614 Posts
Joined Jul 2005
kobe4mvpJan 15, 2023 05:28 PM
1,614 Posts
Quote from EagerCheetah269 :
CA residents can also qualify for $4500 state credit with price cap of $60k
https://cleanvehiclerebate.org/si...erview.pdf
It said Tesla doesn't qualify.
Jan 15, 2023 05:30 PM
304 Posts
Joined Dec 2016
anhdongtxJan 15, 2023 05:30 PM
304 Posts
Quote from nil99 :
maybe wait for 3 months and possibly one more price cut See what Elon said on Dec 22 in an interview that he will lower prices to keep volumes high so should we expect more price cuts soon as Berlin and Austin go into full production https://twitter.com/BradMunchen/s...6920160259
It's the tax credit that people are worried about

Also you can only physically lower so much
Jan 15, 2023 05:30 PM
38 Posts
Joined Jan 2023
SharpArm7549Jan 15, 2023 05:30 PM
38 Posts
Quote from AlexK6706 :
If company is doing that good, how come TSLA is -70%?
Same reason GM is down 40% and F is down 50% over the same time period (last year)?

Except… those stocks didn't go up 1100% over the previous 2 years before that like TSLA did. If you're not familiar with stocks, they tend to bounce back after an extreme move in either direction, so the pullback from that huge run up also played a big part.

Also, what do you mean "if"? These are real, easily verifiable numbers. There is no question that Tesla is doing "that good".
Last edited by SharpArm7549 January 15, 2023 at 10:32 AM.
Jan 15, 2023 05:31 PM
57 Posts
Joined Aug 2017
nil99Jan 15, 2023 05:31 PM
57 Posts
Quote from Klipsch :
Is it possible to do anything to get the price difference for those who about it in December?
https://www.bloomberg.com/news/ar...it-margins
Jan 15, 2023 05:31 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 05:31 PM
2,409 Posts
Quote from anhdongtx :
Educate me then. Give me some real data.

Show me some cars that have as much for 48K model Y or 38K model 3 for the same price
As much of leatherette and panel gaps? Not sure...I think even $14k Jetta wasn't that bad.
2
Jan 15, 2023 05:33 PM
4,330 Posts
Joined Apr 2012
twoweeledJan 15, 2023 05:33 PM
4,330 Posts
Quote from AlexK6706 :
If company is doing that good, how come TSLA is -70%?
That's not really a good argument for how good Tesla is. Look at 3 year charts of GM, Ford Tesla and they're very similar. Look at charts of Rivian and Lucid and they are worse I think. Point being they are all way down. People suspect the Twitter purchase is taking resources away from Elon. Probably in my opinion, but looks like everyone is down n out right now.
Jan 15, 2023 05:36 PM
1,382 Posts
Joined Oct 2011
thinh4u2Jan 15, 2023 05:36 PM
1,382 Posts
Quote from gubbar :
A tax credit in 2023 can be adjusted against 2023 taxes only no? Cant mix and match as per our wishes.
I quoted the IRS in a comment a while back, you can use the AGI for this year or the previous year.

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Jan 15, 2023 05:37 PM
89 Posts
Joined Nov 2008
OC_One_ToneJan 15, 2023 05:37 PM
89 Posts
Does this mean I can not add 20" induction wheels on model Y, which will exceed the $55000 limit?

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