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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 17, 2023 06:11 PM
1,284 Posts
Joined Dec 2015
FishKillaJan 17, 2023 06:11 PM
1,284 Posts
Quote from EliteDealHunter :
This is completely legal although in most states this will cause double sales tax unless OP is fine leaving the car in his father's name… in which case he's basically just borrowing dad's car forever.

I disagree. It is fraud. They are falsifying who the purchaser of the vehicle is for financial gain, i.e. a tax credit

https://www.hotcars.com/straw-pur...t-illegal/

"The whole straw purchase process is shady and is rightly considered to be a fraud. If legal authorities find you guilty of straw purchasing, you're very likely to face legal implications."
Pro
Jan 17, 2023 06:14 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 17, 2023 06:14 PM
13,111 Posts
Quote from vndragonslayer :
nah.. u still gotta do bathroom breaks.. you not driving 600 miles without a stop.. unless you got some mental issues
https://youtu.be/RD2YJrvd71Y
Jan 17, 2023 06:14 PM
11,667 Posts
Joined Feb 2011
mojohnnybravoJan 17, 2023 06:14 PM
11,667 Posts
Quote from TheSource777 :
The base model 3 after incentives is under $37k. That's astounding considering the tax credit. Only like Q1 2019 folks got a slightly better deal than that, and adjusted for inflation and car quality (new models 3s have much more features and 30+ more miles of range) this is an all time deal.
what incentive? as far as i know the only 'incentive' is the tax credit that brings it down to 37 for their cheapest model 3. in some states with normal tax and high registration fees like in cali, that easily adds over 4k to the price and its still like over 42k for the vehicle alone and include financing....man..these are still so overpriced i feel like.

and real world mile range isnt anywhere remotely close to their rated miles with the 80 - 20% battery range and all the other variants that's never going to be tesla's absolute ideal conditions where these mile ranges were estimated.

i do get your point though, with the above, to think about all the people who paid the absurd amounts before the price reduction/discounts.
Jan 17, 2023 06:17 PM
2,899 Posts
Joined Jan 2011
WifeCallsMeCheapJan 17, 2023 06:17 PM
2,899 Posts
I've been following the used Tesla market and notice recently in the last two days that the prices are finally starting to reflect off of the new pricing of these Tesla Model 3 and model Y

At least here in the San Francisco Bay area. I have now seen a few Tesla MY under $40k and M3 under $32k.

This is great news for people who want to buy used instead of buying new.

At this rate I would think that in another month or so you will find some MY in sub $30k price.
Last edited by BrokePanda January 17, 2023 at 11:31 AM.
Jan 17, 2023 06:19 PM
146 Posts
Joined Aug 2011
grxnxdosJan 17, 2023 06:19 PM
146 Posts
Quote from MurraytheDemonSkull :
I received the following response from CVRP staff which stated Tesla has not applied yet.

"Hello,

Thank you for your email. Vehicle manufacturers must apply for Clean Vehicle Rebate Project (CVRP) eligibility with the California Air Resources Board (CARB) and meet a number of program requirements. If all program requirements are met, the vehicle is added to the list of eligible vehicles on our website. At this time, Tesla has not applied.

Please note: Certain plug-in hybrid electric vehicles (PHEVs) are only eligible for a rebate if they are purchased/leased on or after the vehicle eligibility date.

We cannot guarantee a vehicle will be approved by CARB and added to our eligible vehicle list. Therefore, if the rebate is an important factor in your decision to purchase/lease the vehicle, we recommend that you use your best judgment given the information provided on our website.

If you ordered a Tesla Model 3 and Tesla Model Y on or before March 15th, 2022 the vehicle may still be eligible for the program. If you ordered your Tesla on or after March 16th, 2022, you are no longer eligible to apply for the program.

Tesla has been in contact with the California Air Resources Board (CARB) and made this decision to remove themselves from the Clean Vehicle Rebate Project (CVRP). CARB will not be adjusting their MSRP cap to allow Tesla vehicles to qualify for the program. No exceptions can be made to this requirement. All concerns regarding the MSRP increase should be directed to Tesla.

I encourage you to visit www.driveclean.ca.gov where you can perform a search based on your vehicle type and zip code to see if there are any other incentives available to you at this time. Thank you for your investment in clean vehicle technology."
Yup. Just called CVRP and the rep voiced the same message: Tesla removed themselves from the program and their manual would require that they reapply to the program before any customer could be granted the rebate. They advised to reach out to Tesla if the purchase decision hinges on CVRP.

Any thoughts on who to exactly contact over at Tesla to push for this?
Jan 17, 2023 06:19 PM
683 Posts
Joined Nov 2011
faingJan 17, 2023 06:19 PM
683 Posts
Quote from TheSource777 :
The base model 3 after incentives is under $37k. That's astounding considering the tax credit. Only like Q1 2019 folks got a slightly better deal than that, and adjusted for inflation and car quality (new models 3s have much more features and 30+ more miles of range) this is an all time deal.
Quote from mojohnnybravo :
what incentive? as far as i know the only 'incentive' is the tax credit that brings it down to 37 for their cheapest model 3. in some states with normal tax and high registration fees like in cali, that easily adds over 4k to the price and its still like over 42k for the vehicle alone and include financing....man..these are still so overpriced i feel like.

and real world mile range isnt anywhere remotely close to their rated miles with the 80 - 20% battery range and all the other variants that's never going to be tesla's absolute ideal conditions where these mile ranges were estimated.

i do get your point though, with the above, to think about all the people who paid the absurd amounts before the price reduction/discounts.
Agree. Now if we get the same price cut as China (40% cut), then we can call it a slickdeal.
Jan 17, 2023 06:20 PM
8 Posts
Joined Jul 2008
GMoney310Jan 17, 2023 06:20 PM
8 Posts
Quote from MurraytheDemonSkull :
You are very lucky to get the benefit of Tesla's price reduction, tax credit and most probably qualify for the Clean Vehicle Rebate.
Very lucky. Im not complaining over here.

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Jan 17, 2023 06:23 PM
146 Posts
Joined Aug 2011
grxnxdosJan 17, 2023 06:23 PM
146 Posts
Quote from LovelyRain4135 :
Spoke to CVRP, rep told me tesla has already submitted application to become part of the program again. He thinks it'll be eligible again in about 1-3 months
Do you remember who you spoke to? I spoke to Ebony who said otherwise. I basically got the same message as @MurraytheDemonSkull.
Jan 17, 2023 06:24 PM
509 Posts
Joined May 2018
vndragonslayerJan 17, 2023 06:24 PM
509 Posts
Quote from AkumaX :
https://youtu.be/RD2YJrvd71Y
why even drive ice car then. just walk. its free.. no bottles needed..
Jan 17, 2023 06:25 PM
582 Posts
Joined Oct 2022
DeadpooleJan 17, 2023 06:25 PM
582 Posts
Quote from NeatOstrich900 :
These rates are on first gen superchargers. There's many in California, but all the new ones are much faster.
Has a lot to do with the specific ones too. I live near route 50 up on the way to Tahoe. Charging station near me has 9 stations. I occasionally see one car charging. Most of the time, those are empty.
Jan 17, 2023 06:26 PM
509 Posts
Joined May 2018
vndragonslayerJan 17, 2023 06:26 PM
509 Posts
Quote from mojohnnybravo :
what incentive? as far as i know the only 'incentive' is the tax credit that brings it down to 37 for their cheapest model 3. in some states with normal tax and high registration fees like in cali, that easily adds over 4k to the price and its still like over 42k for the vehicle alone and include financing....man..these are still so overpriced i feel like.

and real world mile range isnt anywhere remotely close to their rated miles with the 80 - 20% battery range and all the other variants that's never going to be tesla's absolute ideal conditions where these mile ranges were estimated.

i do get your point though, with the above, to think about all the people who paid the absurd amounts before the price reduction/discounts.
you act as if ice cars dont have high registration fees or tax.. ROFLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
Jan 17, 2023 06:30 PM
662 Posts
Joined Dec 2008
cheemaJan 17, 2023 06:30 PM
662 Posts
Quote from General_Klinger :
Current pricing is for Jerry's Toyota PMA (Primary Market Area which includes zip codes: 21234, 21236, 21237, 21206, 21220, 21128, 21239, 21286, 21214, 21221, 21212, 21218, 21057, 21087, 21162, 21082, 21027, 21092, 21139, 21251, 21284, 21131, 21204) residents only. For out of PMA residents please visit our showroom for pricing.

Says right on the page. It's MSRP pricing for locals in their area.

If I found that dealer with 5 seconds of searching, I bet I can find out close to you that does the same thing.

How did you go from "current pricing" to MSRP? You still have not provided *any* evidence of what you are claiming.
Jan 17, 2023 06:30 PM
582 Posts
Joined Oct 2022
DeadpooleJan 17, 2023 06:30 PM
582 Posts
Quote from vndragonslayer :
why don't u properly register where your current residence is at and get rebate from there.. nj rebate are only for nj resident.. when comes time for taxes.. you're going to have issues with the local tax franchise board and the irs.
He lives in Texas, which might answer that question. These are state level programs and funding.
Jan 17, 2023 06:32 PM
509 Posts
Joined May 2018
vndragonslayerJan 17, 2023 06:32 PM
509 Posts
Quote from grxnxdos :
yup. Just called cvrp and the rep voiced the same message: Tesla removed themselves from the program and their manual would require that they reapply to the program before any customer could be granted the rebate. They advised to reach out to tesla if the purchase decision hinges on cvrp.

Any thoughts on who to exactly contact over at tesla to push for this?
tweet elon

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Jan 17, 2023 06:32 PM
509 Posts
Joined May 2018
vndragonslayerJan 17, 2023 06:32 PM
509 Posts
Quote from MagentaScene2481 :
He lives in Texas, which might answer that question. These are state level programs and funding.
YES SO he should register as a texan and get texan rebates

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