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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 2,615,416 Views
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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

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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 18, 2023 03:37 AM
470 Posts
Joined May 2011
pisceanJan 18, 2023 03:37 AM
470 Posts
Quote from mintblue3411 :
Seems like not strong demand
People might be worried with their recent changes in pricing too may be they are waiting a bit longer . It's a bit uncomfortable if a car company slashed price more than 13k the only time I can remember was Volvo doing something similar during 2008. Only people who will buy are the one who want to get the tax breaks as well.
Jan 18, 2023 03:38 AM
1,848 Posts
Joined Oct 2008
rgadowskiJan 18, 2023 03:38 AM
1,848 Posts
Look at the Cadillac Lyriq, it's a much better car at the same price point.

I've driven the 3 as a loaner while my S was being serviced. What a horrible car! Road noise, constantly bottoms out on road bumps and loud cabin noise. I've heard same complaints about the Y. These cars are $60k! No $60k car should ever feel like this

I would never buy those cars after having 2 model S and my next ev will be the Lyriq
Jan 18, 2023 03:42 AM
470 Posts
Joined May 2011
pisceanJan 18, 2023 03:42 AM
470 Posts
Quote from rgadowski :
Look at the Cadillac Lyriq, it's a much better car at the same price point.

I've driven the 3 as a loaner while my S was being serviced. What a horrible car! Road noise, constantly bottoms out on road bumps and loud cabin noise. I've heard same complaints about the Y. These cars are $60k! No $60k car should ever feel like this

I would never buy those cars after having 2 model S and my next ev will be the Lyriq
Cadillac is luxury definitely but the advantage for a tall person like me is the taller seats I don't have bend down to sit like in a car. Cadillac is also very new so we might know issues with the car and the price point is much higher almost 10k more ?
Jan 18, 2023 03:42 AM
696 Posts
Joined Apr 2018
SaveMeMoneyPlease69Jan 18, 2023 03:42 AM
696 Posts
Quote from NeatOstrich900 :
🙄 the hate brigade says anything to trash Tesla once they find threads getting attention. It's just a campaign aimed at trashing Tesla.
I wouldn't quite call it a campaign. I think anywhere there is a super fan base that bolsters there is also a crowd that trashes. Just like in other things when one side gets louder the other feels need to counter.
Jan 18, 2023 03:44 AM
2,976 Posts
Joined Dec 2012
MMPGJan 18, 2023 03:44 AM
2,976 Posts
Can anyone explain the $7,500 tax credit like I'm 5? Like the gov will give me a check of $7,500 when I file my tax for 2023 in 2024?
say, if after doing my tax, I owe the gov $10,000, I only need to pay them $2,500?
Or if they owe me $10,000, they pay me $17,500?
Can anyone who has a model Y give an honest opinion if it's actually worth it? Or is it just a hyped?
I was told if something is wrong with the car, I gotta wait weeks for parts order or for an available mechanic to work on it...
I'm in the fence between hybrid vs Tesla...
Last edited by MMPG January 17, 2023 at 08:47 PM.
1
Jan 18, 2023 03:45 AM
1,848 Posts
Joined Oct 2008
rgadowskiJan 18, 2023 03:45 AM
1,848 Posts
Quote from piscean :
Cadillac is luxury definitely but the advantage for a tall person like me is the taller seats I don't have bend down to sit like in a car. Cadillac is also very new so we might know issues with the car and the price point is much higher almost 10k more ?
Cadillac is 62k loaded before tax incentives.

Gm is not new in ev world. They've been building electric cars before Tesla.
Jan 18, 2023 03:46 AM
1,848 Posts
Joined Oct 2008
rgadowskiJan 18, 2023 03:46 AM
1,848 Posts
Quote from MMPG :
Can anyone explain the $7,500 tax credit like I'm 5? Like the gov will give me a check of $7,500 when I file my tax for 2023 in 2024?
say, if after doing my tax, I owe the gov $10,000, I only need to pay them $2,500?
Or if they owe me $10,000, they pay me $17,500?
If you don't have the tax liability you get nothing.
1

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Jan 18, 2023 03:47 AM
470 Posts
Joined May 2011
pisceanJan 18, 2023 03:47 AM
470 Posts
Quote from rgadowski :
Cadillac is 62k loaded before tax incentives.

Gm is not new in ev world. They've been building electric cars before Tesla.
Fair point. But that 10k along with tax incentives might tip scales for Tesla. Thought you need to be under 55k for tax credits ?
Jan 18, 2023 03:48 AM
2,976 Posts
Joined Dec 2012
MMPGJan 18, 2023 03:48 AM
2,976 Posts
Quote from rgadowski :
If you don't have the tax liability you get nothing.
No... really?
1
Pro
Jan 18, 2023 03:48 AM
1,647 Posts
Joined May 2007
honestabe
Pro
Jan 18, 2023 03:48 AM
1,647 Posts
Quote from NeatOstrich900 :
The fit and finish issues have largely been ironed out long ago. They score higher than the vast majority of vehicles now.
I don't have any skin in the game but I'm sure there are plenty of articles about cosmetics but ran across this one on reliability. Can't say how objective these ratings are but.. https://www.teslarati.com/tesla-p...-rankings/
Last edited by honestabe January 17, 2023 at 08:54 PM.
Jan 18, 2023 03:49 AM
509 Posts
Joined May 2018
vndragonslayerJan 18, 2023 03:49 AM
509 Posts
Quote from rgadowski :
Cadillac is 62k loaded before tax incentives.

Gm is not new in ev world. They've been building electric cars before Tesla.
hey lets all go buy lyriq for 60k instead of like 37k telsa.. this is slickdeals where majority of people that catn even afford 52k tesla, all of a sudden then want lyriq cuz u know its a better "LUXURY EV"
Pro
Jan 18, 2023 03:51 AM
893 Posts
Joined Jun 2005
scraejtp
Pro
Jan 18, 2023 03:51 AM
893 Posts
Quote from piscean :
Cadillac is luxury definitely but the advantage for a tall person like me is the taller seats I don't have bend down to sit like in a car. Cadillac is also very new so we might know issues with the car and the price point is much higher almost 10k more ?
Yep, 10k more base, without dealer markups. The Lyriq counts as a car as well, so no $7500 rebate since it is over $55k.
Starting at $17,500 more; no longer really cross-shopped being ~40% more not even counting state incentives that the Lyriq may not qualify for due to price.
Jan 18, 2023 03:56 AM
1,848 Posts
Joined Oct 2008
rgadowskiJan 18, 2023 03:56 AM
1,848 Posts
Quote from piscean :
Fair point. But that 10k along with tax incentives might tip scales for Tesla. Thought you need to be under 55k for tax credits ?
I believe Cadillac has a scheme in place to meet the credit.
Jan 18, 2023 03:56 AM
470 Posts
Joined May 2011
pisceanJan 18, 2023 03:56 AM
470 Posts
The competition is really good for ev market don't count out the hybrids as well. If you are ok with gas cars. I drove a Camry hybrid for almost 30-40 miles and had to fill only a gallon I was amazed with the MPG.

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Jan 18, 2023 04:00 AM
1,848 Posts
Joined Oct 2008
rgadowskiJan 18, 2023 04:00 AM
1,848 Posts
Quote from vndragonslayer :
hey lets all go buy lyriq for 60k instead of like 37k telsa.. this is slickdeals where majority of people that catn even afford 52k tesla, all of a sudden then want lyriq cuz u know its a better "LUXURY EV"
Lol. 37k tesla. This post is for a 53k model Y and the 37k tesla is worse than a civic.

The 62k lyriq suv is cheaper than their gas suv. Comparing a 37k tesla to it is like comparing a 37k tesla to a 2012 model s. Not even close
Last edited by rgadowski January 17, 2023 at 09:03 PM.

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