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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 2,615,203 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 05:34 PM
8 Posts
Joined Jul 2008
GMoney310Jan 18, 2023 05:34 PM
8 Posts
Quote from smachine :
Aren't there income limits on the CVRP rebates now? I thought someone had to make under $135k and under $200k filing jointly.
Yes, there are income limits but I qualify under joint.
Jan 18, 2023 05:38 PM
93 Posts
Joined Aug 2011
timefIiesJan 18, 2023 05:38 PM
93 Posts
Anyone hear anything new about CVRP? Tesla won't respond to my questions about their application status and CVRP says they don't know anything either.
Jan 18, 2023 05:38 PM
1,005 Posts
Joined May 2008
Freeloader87Jan 18, 2023 05:38 PM
1,005 Posts
Quote from GMoney310 :
Yes, there are income limits but I qualify under joint.
But Tesla didn't reapply to this program so they are not eligible
Jan 18, 2023 05:45 PM
15,490 Posts
Joined Feb 2005
thund3rcatJan 18, 2023 05:45 PM
15,490 Posts
Quote from Freeloader87 :
But Tesla didn't reapply to this program so they are not eligible
He bought his car back on March 14, it was delayed into January, so he qualified.
Jan 18, 2023 05:47 PM
2,522 Posts
Joined Aug 2007
sleekwalletJan 18, 2023 05:47 PM
2,522 Posts
Quote from thund3rcat :
He bought his car back on March 14, it was delayed into January, so he qualified.
he should buy a lotto ticket
Jan 18, 2023 05:48 PM
146 Posts
Joined Aug 2011
grxnxdosJan 18, 2023 05:48 PM
146 Posts
Quote from timefIies :
Anyone hear anything new about CVRP? Tesla won't respond to my questions about their application status and CVRP says they don't know anything either.
Who did you contact at Tesla? I'll try too.
Jan 18, 2023 05:50 PM
230 Posts
Joined Jan 2005
virx14Jan 18, 2023 05:50 PM
230 Posts
Quote from Kensic :
i call BS. i have to see to believe this 3 cent per kWh
my local electric company charges 1.9c/kwh if you charge between 11pm and 7am. I did not pick up my car yet, but it is what their website says.

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Jan 18, 2023 05:51 PM
1,564 Posts
Joined May 2018
mintblue3411Jan 18, 2023 05:51 PM
1,564 Posts
I need a large car for 6 ppl, should I buy this or Honda pilot, how is the 2 seats in 3rd row, 60k vs 45k after tax. No tax rebate for me
Pro
Jan 18, 2023 05:53 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 18, 2023 05:53 PM
13,111 Posts
Quote from Freeloader87 :
But Tesla didn't reapply to this program so they are not eligible
This guy got stupid lucky in that the CVRP also takes into account the initial order date, which was before March 2022. So his application is valid in that the initial order was < March 2022, having Tesla ineligible for purchases > $55k after March 2022, then by taking delivery in Jan 2023 with the price drop let him qualify.
Jan 18, 2023 05:57 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 18, 2023 05:57 PM
532 Posts
Quote from mintblue3411 :
I need a large car for 6 ppl, should I buy this or Honda pilot, how is the 2 seats in 3rd row, 60k vs 45k after tax. No tax rebate for me
Small, only useful for little kids. Pilot is a much bigger SUV so you really need to try both in person to see if MY works for your need. For 6 people, probably not.
Pro
Jan 18, 2023 06:03 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 18, 2023 06:03 PM
13,111 Posts
Quote from mintblue3411 :
I need a large car for 6 ppl, should I buy this or Honda pilot, how is the 2 seats in 3rd row, 60k vs 45k after tax. No tax rebate for me
2 seats in the back are definitely for kids. I wouldn't feel comfortable putting anyone > 5'2" back there.
Jan 18, 2023 06:06 PM
50 Posts
Joined Dec 2010
blkpelJan 18, 2023 06:06 PM
50 Posts
Quote from mintblue3411 :
I need a large car for 6 ppl, should I buy this or Honda pilot, how is the 2 seats in 3rd row, 60k vs 45k after tax. No tax rebate for me
In previous years I was in view Pilot with 3rd row is not suitable for any adults - doesn't have much leg room. But after seeing a 3 row Model Y design at Tesla gallery, I now feel like Pilot is a better option.

With Model Y 3rd row design, your trunk space will be limited to 2-3 grocery bags.
Jan 18, 2023 06:07 PM
178 Posts
Joined Jan 2009
mag48Jan 18, 2023 06:07 PM
178 Posts
Is no one waiting to see what the new updated sensors look like in the announcement at the end of this month?

My understanding is the 1st gen Vision camera system is not as capable as what was hoped in the current stockpile of Y's
Jan 18, 2023 06:07 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 06:07 PM
3,419 Posts
Quote from gguy9 :
The Model 3 LR I ordered was 49,990 before any options (paid $1,000 more since it was grey).
So $5000 difference for LR vs Performance, I also got the grey. I'd likely get the Perf Boost if I got the LR which is $2K so makes it $3k difference for me. Worth it to me for the upgrade wheels, tires, brakes, spoiler and pedal.

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Jan 18, 2023 06:12 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 06:12 PM
3,419 Posts
Quote from Revanrivia :
Got 3.84 at AdelFi. Tower FCU is offering around 1.99% but I am highly suspicious of that low of a rate.
So anyone can join AdelFi as long as they believe in what they believe in ?
Are they going to make me swear on a bible, lol?

How does the auto loan process work, how does Tesla get paid, seems like a good deal if you can get get the account and get the loan to work.

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