Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
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 2,614,189 Views
Visit Retailer
Good Deal
Save
Share
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

Community Voting

Deal Score
+839
Good Deal
Visit Retailer

Leave a Comment

Unregistered (You)

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

Sign up for a Slickdeals account to remove this ad.

Jan 16, 2023 07:23 PM
509 Posts
Joined May 2018
vndragonslayerJan 16, 2023 07:23 PM
509 Posts
Quote from happens31 :
Going on a test drive today for the model y. Haven't decided on 5 or 7 seats but did get pre-approved with Penfed but think I could find another bank that offers lower. I do have a few questions if any of you are willing to truly help with.
Once I order the Tesla I want which will be financed by my bank which option am I choosing on Tesla's website(cash, financing, loan)?

Is it best to custom to get it cheaper and with what features?

Is the white interior easy to clean?
I have many more questions but I am reading through theses posts but the insults are just taking away from what those of use are trying to doing. So any help would be appreciated. Thanks
outside loan is just like cash.. or u can select financing.. talk to the rep who will be messaging you about it.. or use the tesla app.
Jan 16, 2023 07:23 PM
2,414 Posts
Joined Jan 2013
tonkotsuJan 16, 2023 07:23 PM
2,414 Posts
Quote from CrazyOne :
Bought Tesla Y 2023 and so disappointed. It is crazy noisy on Freeway. It doesn't have a parking assistant. The display is not tilted. No Carplay support. Rear view camera is horrible. My Honda CRV 2017 is much better for half of the price. My wife ask me to return that garbage can, but tesla removed the 15 days return policy.
looks like someone bought before the price drop Applause
2
1
Jan 16, 2023 07:29 PM
310 Posts
Joined Oct 2006
GVSLJan 16, 2023 07:29 PM
310 Posts
Quote from vndragonslayer :
it is not.. but are u the idiot thats financing above 5% when savings is at 5%? sounds like devestment with financing option.. have fun sitting stock market if thats your route
My money is at 3.3% apr. I'll get around 4% on the loan. I don't see the problem in taking a 100% loan.
Jan 16, 2023 07:34 PM
4,286 Posts
Joined Dec 2008
oghowieJan 16, 2023 07:34 PM
4,286 Posts
Quote from vndragonslayer :
tesla insurance is cheaper than ice insurance with household name like farmers, statefarm, geica, aaa, allstate
Not really. I compared it to State Farm and stayed. Rate was very similar, but I also have my home with State Farm.
Pro
Jan 16, 2023 07:40 PM
1,762 Posts
Joined Feb 2006
rubiks
Pro
Jan 16, 2023 07:40 PM
1,762 Posts
Quote from dealhunt_101 :
If we are getting technical, the diff is between 3.3% + your effective tax rate, and 5%. So if you're in a 20% fed tax bracket, the 3.3% you earn will be reduced to 2.64%.
i mean it is a good point. the fund set aside can be useful in many ways like investing. Then one would argue what about you loose it all.

at the end of the day, i am just pointing out many probably haven't thought about. Like 2.99% is great interesting many think, but 5% is not. Then the saving rate likely offset some of that.
Jan 16, 2023 07:44 PM
6,103 Posts
Joined Mar 2011
The_DougJan 16, 2023 07:44 PM
6,103 Posts
Quote from qrist12 :
I have EV6s (yes, two of them!) and I have to say it kicks Model Y butt in every department except for acceleration and charging network. I got lucky bought both vehicles before tax changes, so I will get tax credit for both. But even without tax credit, I think EV6 much better car and better value that Model Y.
The charging network is a pretty big kicker though. I think when the EV6 is $20k cheaper and you can get one right away, instead of several months out after it's built, that's easily true. When they're the same price, I'm not sure what advantages the EV6 has over a Model Y, which is why the Model Y price had to drop a lot.
Jan 16, 2023 07:47 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 16, 2023 07:47 PM
3,694 Posts
Quote from CrazyOne :
Bought Tesla Y 2023 and so disappointed. It is crazy noisy on Freeway. It doesn't have a parking assistant. The display is not tilted. No Carplay support. Rear view camera is horrible. My Honda CRV 2017 is much better for half of the price. My wife ask me to return that garbage can, but tesla removed the 15 days return policy.
Name checks out, she should divorce you.
1

Sign up for a Slickdeals account to remove this ad.

Jan 16, 2023 07:51 PM
12 Posts
Joined Mar 2011
jack6218Jan 16, 2023 07:51 PM
12 Posts
Quote from ktop4u :
How is everyone financing this? 5.4 seems too high for loan amount. Third party financing?
What is the step to do that?
800/month for 72 months seems like a lot and that's after 4500k down...
my local credit union offer 4.25/4.5/4.75 for 36/48/60month. DD will deduct another 0.5. I suggest to check ur local CU for a better rate
Jan 16, 2023 07:58 PM
4,330 Posts
Joined Apr 2012
twoweeledJan 16, 2023 07:58 PM
4,330 Posts
Quote from AlexK6706 :
I wonder how much more will denial stage last until tesla fanbois admit that they made a mistake and need to trade it in asap for a real car until the value plummets even more?
Judging by the amount of sales and people lining up to test drive, it looks like a bunch of people are purchasing, and I have serious doubt there will be any/much regret. Certainly no more than any other car dealer in the same price range.
Jan 16, 2023 08:03 PM
1,208 Posts
Joined Aug 2007
cloudiettJan 16, 2023 08:03 PM
1,208 Posts
When so many SDers call out recession, you know there won't be a recession. Counter play and buy more stocks is the good strategy. You don't want to play with people in this forum.
Jan 16, 2023 08:04 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 16, 2023 08:04 PM
3,419 Posts
Quote from vndragonslayer :
juno is 5%
Hmm thanks for mentioning Juno. I was planning on just paying cash.
What is the interest rate for financing that Tesla is charging? I wonder if I put $25K in the Juno (@5%) and finance the $25k from Tesla if might be more worthwhile rather than paying for it all up front ? Haven't taken an auto loan in sometime but figured there has to be other fees in there some where for them to profit.
Jan 16, 2023 08:05 PM
1,328 Posts
Joined Nov 2005
lazybummmJan 16, 2023 08:05 PM
1,328 Posts
Quote from qwerty9999 :
After long and hard thinking just now canceled my order for Tesla Y.

I will not be eligible for EV tax credit and then why hurry?

This gives a chance to someone who can take advantage of the tax credit.
that's when you phone a friend or sibling who does qualify
Jan 16, 2023 08:13 PM
4,774 Posts
Joined Mar 2009
bigDeal44Jan 16, 2023 08:13 PM
4,774 Posts
Quote from oghowie :
Not really. I compared it to State Farm and stayed. Rate was very similar, but I also have my home with State Farm.
Tesla insurance actually gets cheaper the next month when they have your driving data.
Jan 16, 2023 08:16 PM
13 Posts
Joined Nov 2019
ThriftyMice750Jan 16, 2023 08:16 PM
13 Posts
Quick qn. What would happen if Tesla delivers me the car after Mar 2023 ? Will I not get the tax credit then ? Since a lot of people will be ordering, I am assuming the delivery date could be pushed as well.

Sign up for a Slickdeals account to remove this ad.

Jan 16, 2023 08:16 PM
36 Posts
Joined Aug 2013
JamesH9564Jan 16, 2023 08:16 PM
36 Posts
Quote from sillar68 :
Besides it being an EV, what are the top 5 things that impress you about your model Y?
Assuming Y is similar to 3, here are some of my prior thoughts on why I like them.

Buying a car is still very much an emotional decision so you decide what are important to you.

Leave a Comment

Unregistered (You)

Related Searches

Popular Deals

Trending Deals