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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 2,614,845 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 18, 2023 08:41 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Jan 18, 2023 08:41 PM
4,025 Posts
Quote from ggapropros :
yeahhh dont buy any of this. the car is fine as is. why are you talking about this stuff when you dont own one
On order. Sure it's good as is, but just some expenses to keep in mind.
Jan 18, 2023 08:42 PM
3,831 Posts
Joined Oct 2006
MacB00kemDannoJan 18, 2023 08:42 PM
3,831 Posts
Quote from skinnywallet42 :
For all you who ordered a new Model 3 or Model Y (sorry, can't say M3, as I used to own an E90 M3), make sure to budget for essential accessories/upgrades:

-window tint, ~$700 if you want to tint the roof. I would say this is a must for car with so much glass, but I have also heard the roof glass blocks a lot of heat/UV. And you can optionally tint your windshield, with legality unlikely. ~$400 for window tint, ~$300 for roof tint, ~$200 for windshield tint.
-all weather mats, $150-$300, I heard the carpet mats are crappy, so you'll want WeatherTech or OEM Tesla, or something better.
-console organizers, $30-$50, helps your console not be a drunk drawer in your car.
-wheel covers, $150-$200, if you're not to keen on the aero covers, no need if you upgraded to 20"/performance wheels.
-PPF, too expensive for me, but you're looking at $$$, thousands.

Amazon, Aliexpress has many good options.
-Window tint. I didn't bother on my 3. I bought one of those cheap sunroof shades from Amazon for $30 and it covers the roof and part of the back glass. I only use it in the heat of summer here in NC.
- All weather mats. A definite PLUS. I also got a trunk liner as well and a frunk liner too, for about $150 shipped on eBay.
- Console organizer. I just 3D printed one for my wife's incoming Y, but I have the JOWUA organizer in my 3
-PPF. Agreed, too expensive. My 3 has nearly 24,000 miles on it and just a few rock chips up front is all. I touched the up with the official Tesla touch up paint and it looks as good as new unless you're right up on it.
Jan 18, 2023 08:44 PM
35 Posts
Joined Nov 2017
ng524Jan 18, 2023 08:44 PM
35 Posts
Ordered Saturday afternoon and my est delivery got changed to Feb 7 to Mar 7
Jan 18, 2023 08:47 PM
5 Posts
Joined Jan 2023
WiseWing376Jan 18, 2023 08:47 PM
5 Posts
I'm not a finance person at all. But the tax stuff is much simpler than everyone makes it sound.
There are 3 simple factors in the math.

Tax owed:
Based on how much you work, how much you make, kids, college, gains, medicare, social security, losses, and lots of other stuff that's confusing, the IRS will calculate how much you owe for 2023.
Maybe you owe $9000 because of your job, and $1000 more because you made money selling Tesla stock before it crashed, but you paid for kids in college, so they lower your total, or you lost stock because you sold it when it was down, etc. So after all the IRS calculations, maybe you owe them $8900 in taxes. We don't know what that number will be for most of 2023, but we can estimate.

Tax (pre)paid
Based on a few different things, we can guestimate how much we'll owe in taxes. To make things simpler, we pay that throughout the year.
  • ex1: Maybe you under-estimate you'll owe $6000 so you pre-pay $500 a month.
  • ex2: Or maybe you over-estimate you'll owe $9000, so you pay $750 a month.
This number doesn't matter much for what you owe the government.

Doing taxes:
At the end of the year, before April, that's what doing your taxes does. It figures how much you owe, and how much you already paid.
  • ex1: $8900 (tax owed) - $6000 (debt prepaid) = $2900 (leftover of what you still owe, time to pay.)
  • ex2: $8900 (tax owed) - $9000 (debt prepaid) = -$100 (overpaid, refund check coming)
Tax credit:
The ev tax credit basically comes off of that amount you owe. If you owe $8900 by the calculations, the EV tax credit will drop that down by $7500, to $1400.
However, if you only owe $5800 by the calculations, the EV tax credit will only drop that down by $5800, to $0. the IRS won't owe you taxes. (They might return money you paid for taxes you didnn't need to pay.)

ex1: $8900 (tax owed) - $7500 (credit)= $1400
$1400 (new amt owed) - $6000 (debt prepaid) = -$4600 (overpaid, refund check coming)

ex2: $8900 (tax owed) - $7500 (credit) = $1400
$1400 (new amt owed) - $9000 (debt prepaid) = -$7600 (overpaid, refund check coming)

ex3: $5800 (tax owed) - $5800 (credit) = $0
$0 (new amt owed) - any amount prepaid = amount prepaid as refund.

Not sure any of that helps or makes it worse. But it was fun to type out.
Jan 18, 2023 08:48 PM
551 Posts
Joined Jan 2009
BSparks294Jan 18, 2023 08:48 PM
551 Posts
Quote from crazycreations :
soooo... for $45,490?

Vehicle Price
$52,990
Destination fee
$1,390
Order fee
$250
Your Model Y
$54,630
Excluding taxes & other fees

Your design qualifies for a $7,500 federal tax credit for eligible buyers.

See Details
But your insurance expense will increase from around $65/month to around $130/month.
Jan 18, 2023 08:49 PM
5 Posts
Joined Jan 2023
WiseWing376Jan 18, 2023 08:49 PM
5 Posts
Duplicate post - how do I remove?
Jan 18, 2023 08:49 PM
551 Posts
Joined Jan 2009
BSparks294Jan 18, 2023 08:49 PM
551 Posts
Quote from ng524 :
Ordered Saturday afternoon and my est delivery got changed to Feb 7 to Mar 7
That's not good unless they extend the federal rebate deadline.

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Pro
Jan 18, 2023 08:52 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 18, 2023 08:52 PM
396 Posts
Quote from TheKingofDeals :
Hey thanks for posting this link, very informative. Should we go Tower or Gold Coast?
Seems they are fairly close in rates but on the link you posted people are complaining about Tower dragging their feet.
I applied at tower and its pending will see .. I have approval in tesla app from wells.. just need 20k financed 😅
Jan 18, 2023 08:56 PM
509 Posts
Joined May 2018
vndragonslayerJan 18, 2023 08:56 PM
509 Posts
Quote from skinnywallet42 :
On order. Sure it's good as is, but just some expenses to keep in mind.
u act as if buying a used/new car ( ice/hybrid/ev) doesn't need all those shit u mentioned
Jan 18, 2023 08:57 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 08:57 PM
3,419 Posts
Quote from MaroonCircle6262 :
I applied at tower and its pending will see .. I have approval in tesla app from wells.. just need 20k financed 😅
I think I am also going to sign up at tower also. I don't like how GCU is not listing all the details for the loan rates outright. I have the cash but might loan half and put the other half in high savings account as somone had recommended laugh out loud
Jan 18, 2023 09:00 PM
560 Posts
Joined Oct 2004
dealhunt_101Jan 18, 2023 09:00 PM
560 Posts
Quote from dealsamba :
So all models available near me are priced >$55000. So where's the slickdeal anymore?
Do care to scroll through and read the forum.
Jan 18, 2023 09:01 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Jan 18, 2023 09:01 PM
4,025 Posts
Quote from vndragonslayer :
u act as if buying a used/new car ( ice/hybrid/ev) doesn't need all those shit u mentioned
LOL. Why the attacks? Where do I say anything related or for/against ICE cars. I pre-ordered my Model Y on Saturday. Just doing some pre-shopping around and just wanted to share the costs for some things that might be essential, or wanted by buyers.

I've personally bought all of that, or have plans to do (tint) for my Model Y. No one is forcing anyone to buy anything.

This thread is seriously full of jackasses on both sides. I guess this is how our country is in general, there is no middle-ground for anything, political or not.
Jan 18, 2023 09:04 PM
418 Posts
Joined Dec 2009
coffdrupsJan 18, 2023 09:04 PM
418 Posts
I've tried to read through the threads as much as I could. I have a few questions:
1. To guarantee the tax rebate, would it be preferable to order one of the vehicles from the inventory if it matches my needs?
2. If I order from inventory, how soon would I get the car? Would it be immediate?
3. If I have already ordered and want to switch to one in inventory, can I do that without losing my $250 deposit?
Jan 18, 2023 09:06 PM
1,643 Posts
Joined Mar 2004
BobloadmireJan 18, 2023 09:06 PM
1,643 Posts
Quote from coffdrups :
I've tried to read through the threads as much as I could. I have a few questions:
1. To guarantee the tax rebate, would it be preferable to order one of the vehicles from the inventory if it matches my needs?
2. If I order from inventory, how soon would I get the car? Would it be immediate?
3. If I have already ordered and want to switch to one in inventory, can I do that without losing my $250 deposit?
ordered mine last week, picking up on the 27th

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Jan 18, 2023 09:07 PM
288 Posts
Joined Jun 2007
MaxRCJan 18, 2023 09:07 PM
288 Posts
DD Data Point:

Placed a Model Y LR 5-Seat order very late 1/15 Sunday evening but did not download the APP and complete the registration until 1/16 Monday. It's a white-on-white with no other options. I am in Virginia and my delivery date was just updated to 2/10-3/17. Here's hoping that it gets delivered earlier in that range.
Last edited by MaxRC January 18, 2023 at 02:23 PM.

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