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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 2,616,240 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 07:32 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 07:32 PM
2,409 Posts
Quote from vndragonslayer :
those who bought in tesla in 2022 could afford it.. .they change cars like they change clothes.. they knew what they were getting into
You are mistaking tesla with Turbo GT and DBX buddy.
Jan 15, 2023 07:32 PM
585 Posts
Joined Nov 2014
1CheapSOBJan 15, 2023 07:32 PM
585 Posts
Quote from topcho :
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. ?!
I use to get home after heavy drinking ...works perfectly.
Jan 15, 2023 07:34 PM
198 Posts
Joined Oct 2016
gitpicker23Jan 15, 2023 07:34 PM
198 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?
https://www.irs.gov/credits-deduc...3-or-after

In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:

$80,000 for vans, sport utility vehicles and pickup trucks
$55,000 for other vehicles
MSRP is the retail price of the automobile suggested by the manufacturer, including options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.
Pro
Jan 15, 2023 07:34 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 15, 2023 07:34 PM
13,111 Posts
Quote from pavanpk :
I see the starting price is at $55,700. Is the deal gone or did i miss something?
https://www.tesla.com/modely/design#overview
1
Jan 15, 2023 07:35 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 07:35 PM
2,409 Posts
Quote from 1CheapSOB :
I use to get home after heavy drinking ...works perfectly.
It's nice to rely on autopilot when you can't afford Uber, right?
Jan 15, 2023 07:35 PM
191 Posts
Joined Jul 2019
NissanGTR49Jan 15, 2023 07:35 PM
191 Posts
Has the build quality improved??
Jan 15, 2023 07:36 PM
77 Posts
Joined Mar 2007
ejhc11Jan 15, 2023 07:36 PM
77 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.
The euphoria has worn off, hence the big "discounted" prices... Much better looking EVs are available now - unless your ok driving around in a car that looks like an egg... And Plebian interior styling...

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Jan 15, 2023 07:39 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 15, 2023 07:39 PM
3,694 Posts
Quote from Nutdotnet :
Since you can predict the future, who's going to win the afternoon nfl game? I need a place a bet!
His fortune telling only works in hindsight, be patient! Lmao!

Imagine how 1st world poor someone must be to characterize a bev purchase as the worst financial mistake of their life. The crazies in the last thread say it wasn't a good investment. WAT?! laugh out loud
Last edited by Anonymous January 15, 2023 at 12:44 PM.
Jan 15, 2023 07:40 PM
556 Posts
Joined Dec 2012
Slayer.I.AmJan 15, 2023 07:40 PM
556 Posts
Quote from twoweeled :
I already went and test drove one yesterday. I liked it a lot more than I thought I would. They may have more deals in the future, but maybe not. I feel like I have to jump real soon. I prefer the model 3 looks, but the Y space. I liked it a lot.
The hate is obvious. Doesn't phase me, but there's a whole bunch!LMAO
How big of a difference was 3 vs Y ? Also are there any other feature differences between the two?
Jan 15, 2023 07:43 PM
25 Posts
Joined Jan 2006
ddinh001Jan 15, 2023 07:43 PM
25 Posts
Do you have to place order before March 16? Or have to take delivery of the vehicle before the cut off date to qualify for the $7500 tax credit?
Jan 15, 2023 07:45 PM
509 Posts
Joined May 2018
vndragonslayerJan 15, 2023 07:45 PM
509 Posts
Quote from NissanGTR49 :
Has the build quality improved??
ice car interior design improved yet? or they still havent hop on the futuristic train yet..

imagine buying a current rav4 that looks like it was designed in the 2000s
2
Jan 15, 2023 07:49 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 07:49 PM
2,409 Posts
Quote from vndragonslayer :
ice car interior design improved yet? or they still havent hop on the futuristic train yet..

imagine buying a current rav4 that looks like it was designed in the 2000s
Well, at least it was designed, unlike tesla's one.
Jan 15, 2023 07:52 PM
1,227 Posts
Joined Nov 2007
RedOctaneJan 15, 2023 07:52 PM
1,227 Posts
Quote from FishKilla :
Are you kidding?

The value of used Teslas just went down the toilet

So did every other car on the market. Tesla has the best resale value of any other car on market.
Jan 15, 2023 07:54 PM
2,409 Posts
Joined May 2015
AlexK6706Jan 15, 2023 07:54 PM
2,409 Posts
Quote from RedOctane :
So did every other car on the market. Tesla has the best resale value of any other car on market.
Yep, recent 20% price drop boosted tesla resale value by 30%. Teslanomics.
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Jan 15, 2023 07:57 PM
21 Posts
Joined Jul 2015
hemantkmJan 15, 2023 07:57 PM
21 Posts
Shucks! Last year Tesla did not quality for EV credit and this year we don't due to income limits.

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