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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 2,614,720 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 06:39 PM
560 Posts
Joined Oct 2004
dealhunt_101Jan 15, 2023 06:39 PM
560 Posts
Quote from madmoney1 :
Does the $250 order fee count toward the purchase price? Anyone know?

It does indeed, and I am surprised. I thought the order fee was equivalent to the "doc fee" that traditional dealers charge. I see the $250 I paid at the time of ordering, adjusted from the final price.
Last edited by dealhunt_101 January 15, 2023 at 11:43 AM.
Jan 15, 2023 06:50 PM
623 Posts
Joined Sep 2005
thecrlghJan 15, 2023 06:50 PM
623 Posts
Quote from DC13 :
I called this price drop the second the 7500 credit was offered in December. They will drop prices again. Huge huge mistake to buy now. Understand that people who want a Tesla has already overextended themselves to buy one. People who upgrade yearly will no longer want to take a hit or minus 20k in value. I'd bet in March Tesla will be selling these Model Y for 45k because they don't have a dealership network and have to hold inventory themselves. By then their lots will be so full they'll be willing to take a loss on each car sold just to meet "delivery numbers". The market would've rewarded this behavior just 2 years ago but they will get creamed for this in high interest rate environment.

Buying the stock or the car is one of the worst financial decision you can make at this moment.
Since you can predict the future, who's going to win the afternoon nfl game? I need a place a bet!
Jan 15, 2023 06:50 PM
740 Posts
Joined Aug 2006
jeffkhlamJan 15, 2023 06:50 PM
740 Posts
Quick question: Child tax credit is refundable, right? So will the $7500 non refundable applied first , and then the refundable child tax credit can be refunded?
Jan 15, 2023 06:54 PM
935 Posts
Joined Apr 2006
PaupaaaJan 15, 2023 06:54 PM
935 Posts
Quote from SharpArm7549 :
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".
Eh? I bought Ford stock in the 4 dollar range and sold half of it at $25. While not as extreme as Tesla's run up. I would call a 500 percent run on a legacy stock a fairly huuuuuge run (S&P stocks typically don't have those types of run ups). Which is why I bailed out of half the stock.
Jan 15, 2023 06:59 PM
1,592 Posts
Joined Jan 2010
suprenJan 15, 2023 06:59 PM
1,592 Posts
Quote from beta. :
awesome. I think i'll wait another week to put the order in. I think the tax credit only applies when you receive the vehicle delivery by March?
yes. you need to take delivery by march.
i think tesla allows you to push delivery by 2-3 weeks. i have flexibility for delivery date
Jan 15, 2023 07:04 PM
15 Posts
Joined Nov 2013
euuser2895628Jan 15, 2023 07:04 PM
15 Posts
Quote from anhdongtx :
I am in Texas

I ordered a model y Friday morning and my delivery date is now Jan 15-jan26
Did you order from inventory or custom? Also, 5 or 7 seater? Thanks!
Jan 15, 2023 07:05 PM
223 Posts
Joined Jan 2011
beta.Jan 15, 2023 07:05 PM
223 Posts
Quote from supren :
yes. you need to take delivery by march.
i think tesla allows you to push delivery by 2-3 weeks. i have flexibility for delivery date
oh nice, shoot nevermind. I will just put my order in asap then

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Jan 15, 2023 07:08 PM
576 Posts
Joined Dec 2014
Aiden.PearceJan 15, 2023 07:08 PM
576 Posts
Quote from supernoman :
Thanks for the info and sucks for the loss.
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
1
Jan 15, 2023 07:21 PM
2,824 Posts
Joined Nov 2005
dvrrajeshJan 15, 2023 07:21 PM
2,824 Posts
With destination fee my tesla model y its going above 55k. Without that fee it's below 55k. I assume I would qualify for 7.5k tax credit?
Jan 15, 2023 07:24 PM
157 Posts
Joined Nov 2016
GoldenAspenJan 15, 2023 07:24 PM
157 Posts
Quote from Aiden.Pearce :
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
Not my experience. By far the safest cars on the road, and they no longer have poor build quality like they did a few years ago.
1
Jan 15, 2023 07:24 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Jan 15, 2023 07:24 PM
4,025 Posts
Quote from dvrrajesh :
With destination fee my tesla model y its going above 55k. Without that fee it's below 55k. I assume I would qualify for 7.5k tax credit?
That should be fine. At the bottom, should indicate if your order qualifies for the rebate.

FYI, based on order numbers of two of our orders, Tesla has sold 25K vehicles in a day. If you're considering this for the rebate, I wouldn't wait much longer or your delivery date might slip beyond March soon.
Jan 15, 2023 07:25 PM
2,442 Posts
Joined Sep 2009
PoLusImoJan 15, 2023 07:25 PM
2,442 Posts
Do you not get Federal credit? Also, are you eligible for a credit if you lease the car?
Quote from dealhunt_101 :
It does indeed, and I am surprised. I thought the order fee was equivalent to the "doc fee" that traditional dealers charge. I see the $250 I paid at the time of ordering, adjusted from the final price.
Jan 15, 2023 07:27 PM
509 Posts
Joined May 2018
vndragonslayerJan 15, 2023 07:27 PM
509 Posts
Quote from ikonoklast :
Did you buy a Tesla in 2022? If not, then you might not understand paying $10k+ more for the SAME product. I didn't buy a Tesla but that doesn't mean I can't empathize with those who did in 2022. I didn't say Tesla should refund their 2022 customers, shit happens, life is unfair etc.

My problem is Musk's and Tesla's business manners which is overpromise/underdeliver and sometimes never deliver. FSD, robotaxi, endless delays in his promises, on and on and on. That's just Tesla and not his ridiculous claims with his other companies. Dude is a borderline conman backed by a real company like Tesla that gives him credibility. I really don't see how people are blind to these things unless they are in a cult.

I know I know, it doesn't matter what I think about his manners.
those who bought in tesla in 2022 could afford it.. .they change cars like they change clothes.. they knew what they were getting into
Last edited by vndragonslayer January 15, 2023 at 12:29 PM.
1
Jan 15, 2023 07:28 PM
509 Posts
Joined May 2018
vndragonslayerJan 15, 2023 07:28 PM
509 Posts
Quote from Aiden.Pearce :
The real loss is when the new Tesla owner euphoria wears off and you realize the build and maintenance proposition of this car is hyped up way way too high and this car has the build quality of a late 1990s Kia.
wait till u see the maintenance of a 90s kia
1

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Jan 15, 2023 07:29 PM
1,903 Posts
Joined Apr 2007
topchoJan 15, 2023 07:29 PM
1,903 Posts
I see some YT videos demoing the full autopilot and I see going through heavy city traffic, navigating roundabouts, and merging into rte 17 in NJ. People here are saying the FSD is hardly offering anything over the basic autopilot. What I see is quite a bit more than keeping speed and staying in the lane. ?!

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