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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 17, 2023 03:28 PM
288 Posts
Joined Jun 2007
MaxRCJan 17, 2023 03:28 PM
288 Posts
Quote from dynamite :
That is the problem with EVs currently. The battery replacement cost becomes more than the value of the car after the warranty on the battery expires. After year 8 the model 3 has zero value on the resale market.

No doubt the future of EVs will be purchasing the car body outright but leasing the battery pack for a monthly fee. This will make the new price more palatable (about $10k less than current prices), take care of the plunging depreciation issue, and help the manufacturers lock customers into their brand by offering cheaper monthly fees in exchange for longer monthly contacts.
The resale value remains to be seen. The batteries are warranted to retain 70% of their original capacity by year 8 or 120k miles, whichever comes first. Actual data of older Tesla cars show on average about a 10% degradation after 200k miles. Unless a battery pack develops a bad module out of warranty, there is no rational reason to expect that a Tesla will have "zero value" after 8 years.
Jan 17, 2023 03:30 PM
3 Posts
Joined Aug 2011
wonganJan 17, 2023 03:30 PM
3 Posts
Quote from thedesi :
When you try to do online it only shows 2k. Then we call to get thr additional 2k?
It's only one 2k credit.
Jan 17, 2023 03:35 PM
489 Posts
Joined Feb 2012
nosugarpleaseJan 17, 2023 03:35 PM
489 Posts
consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate
Jan 17, 2023 03:36 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 17, 2023 03:36 PM
3,419 Posts
Quote from CheapSkateRUs :
Put the tax rebate savings in a CD and use that money for the 25k battery replacement in five years you folks
The amount of misinformation in this tread is insane. Yet ICE owners never admit to the slew of issues with age and mileage on the engine, transmission etc etc. Let alone the ridiculous maintenance required. Belts, spark plugs, oil changes, fluid changes etc etc.
Believe me as a BMW lover and owner I can tell you it gets ridiculous.

The Tesla battery comes with 8 year/ 120,000 mile warranty.
Several studies have shown batteries to lose about 10% Here is one of many below:

After 5 years and 200,000 miles, the battery now has an 83.8 kWh usable capacity according to his calculations. This means around 10% degradation, which is super impressive.

https://insideevs.com/news/598591...000-miles/
Jan 17, 2023 03:37 PM
489 Posts
Joined Feb 2012
nosugarpleaseJan 17, 2023 03:37 PM
489 Posts
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
Jan 17, 2023 03:37 PM
91 Posts
Joined Jul 2020
PurpleTerrier192Jan 17, 2023 03:37 PM
91 Posts
Quote from dvdrdiscs :
I think I saw what he is referring to. CA does have a $7,500 ev rebate but you're likely not going to see a penny. First the price cap seems to place the Y out of eligibility. $45k limit. Second, even if it dies qualify, you have to be making at most 4 times the federal poverty line. For a single person, that's $14 x 4. If you're making $56k/yr you are likely not buying a $52k car.
You are right...found the same out of curiosity. Their requirements have been more stringent every year.
Jan 17, 2023 03:40 PM
91 Posts
Joined Jul 2020
PurpleTerrier192Jan 17, 2023 03:40 PM
91 Posts
Quote from nosugarplease :
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
There has not been a Model Y in inventory below 55K since 14th when I started looking. There are plenty of Model 3 though. You would have to custom order a Model Y and hope it is delivered before March.

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Jan 17, 2023 03:47 PM
2,416 Posts
Joined Jan 2013
tonkotsuJan 17, 2023 03:47 PM
2,416 Posts
Quote from 1jzgte :
guess what we can do.. we can go 600 miles before stopping to refuel.. hahaha
On most road trips, you'll stop every 100 miles or so to use the restroom anyway

What are you doing, driving for 8hrs straight with no restroom/stretch break?
Jan 17, 2023 03:56 PM
4,672 Posts
Joined Mar 2005
1jzgteJan 17, 2023 03:56 PM
4,672 Posts
Quote from tonkotsu :
On most road trips, you'll stop every 100 miles or so to use the restroom anyway

What are you doing, driving for 8hrs straight with no restroom/stretch break?
because i can.. i know someone who had to add 4 hours of trip time to their already 10 hour drive because of recharging.. whats the freakin point of that?
Last edited by 1jzgte January 17, 2023 at 09:01 AM.
1
Jan 17, 2023 03:57 PM
2,349 Posts
Joined Jun 2009
Deal_Breaker2Jan 17, 2023 03:57 PM
2,349 Posts
Quote from TheKingofDeals :
The amount of misinformation in this tread is insane. Yet ICE owners never admit to the slew of issues with age and mileage on the engine, transmission etc etc. Let alone the ridiculous maintenance required. Belts, spark plugs, oil changes, fluid changes etc etc.
Believe me as a BMW lover and owner I can tell you it gets ridiculous.

The Tesla battery comes with 8 year/ 120,000 mile warranty.
Several studies have shown batteries to lose about 10% Here is one of many below:

After 5 years and 200,000 miles, the battery now has an 83.8 kWh usable capacity according to his calculations. This means around 10% degradation, which is super impressive.

https://insideevs.com/news/598591...000-miles/
Colder areas like Northeast and parts of Midwest would significantly lower battery performance.
Jan 17, 2023 03:57 PM
286 Posts
Joined May 2018
FeorHJan 17, 2023 03:57 PM
286 Posts
In for 2
Jan 17, 2023 04:00 PM
1,328 Posts
Joined Nov 2005
lazybummmJan 17, 2023 04:00 PM
1,328 Posts
Anyone called CVRP yet? They are sticklers, if it's not on the list, they won't give rebates, will they add back mid-year? who knows.
Jan 17, 2023 04:02 PM
24 Posts
Joined Jan 2023
LovelyRain4135Jan 17, 2023 04:02 PM
24 Posts
Quote from lazybummm :
Anyone called CVRP yet? They are sticklers, if it's not on the list, they won't give rebates, will they add back mid-year? who knows.
I've been waiting on the answer to this also
Pro
Jan 17, 2023 04:07 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 17, 2023 04:07 PM
13,111 Posts
Quote from nosugarplease :
Do they keep adding model y or is this done. Dont see any under 55k from yesterday (norcal)
The FP link to the deal is wrong. You need to go to custom order rather than existing inventory.

https://www.tesla.com/modely/design#overview

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Jan 17, 2023 04:14 PM
4,320 Posts
Joined Jun 2007
dvdrdiscsJan 17, 2023 04:14 PM
4,320 Posts
Quote from LovelyRain4135 :
SUV has 60k limit so the model Y is eligible
Going by the federal guidelines, some model Y trim counts as an suv and some as a midsize sedan. Did you check if the guidelines are different?

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