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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 2,614,189 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 11:37 PM
509 Posts
Joined May 2018
vndragonslayerJan 18, 2023 11:37 PM
509 Posts
Quote from AkumaX :
Then why would you suggest a RAV4 Prime over a 3? Why not just say get a 2000 accord over a 3?
why buy overpriced rav 4 prime for 48k when u can buy a tesla y for 47k
Jan 18, 2023 11:44 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:44 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
How long did the account creation take at tower? Submitted the app but its says pending review. Setup and account at GCCU also and it shows the same. Maybe it will get created in a day or so. My delivery was updated to next month so I guess we will see.
Last edited by TheKingofDeals January 18, 2023 at 04:48 PM.
Jan 18, 2023 11:46 PM
121 Posts
Joined Nov 2003
kenshiJan 18, 2023 11:46 PM
121 Posts
Quote from vndragonslayer :
yes but u gotta be an idiot to buy a rav4 prime for 48k when tesla 3 is 37k.
rav4prime can do 40miles ev or 500miles combine... while m3 gives you anxiety just by turning on the ac or heater! who is really the idiot? Smilie
Jan 18, 2023 11:46 PM
472 Posts
Joined Apr 2004
indeoJan 18, 2023 11:46 PM
472 Posts
Quote from Slayer.I.Am :
Hello NJ buyers

I placed an order for base Tesla Y with the Blue color.. Total 53990.
Also completed the registration process (Owner/s name + NJ license + Selfie + SSN)

But I still dont see the $2000 being taken off anywhere. Can anyone help on when and where they see the adjustment being made?
Check couple of places -
1. In your Tesla App > Financing (if you are) > View > Scroll down on the resulting page ... you will see it at the bottom (this place is info only).
2. lookout for an email from Tesla (email: [email protected]) with the CUNJ rebate form. You have to sign and return this form.

From what I understood from the email, the rebate needs to be applied for by Tesla and reserve the funds under your name. This is done before you take delivery. Once approved, you will get this as a POS credit.

I got the email today and today was the last day to sign and return. My delivery is on 23rd Jan, so hopefully all this gets done and approved before my delivery day.
Jan 18, 2023 11:47 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:47 PM
3,419 Posts
Quote from thinh4u2 :
Order Status Update: jan-march is now jan30-feb 27 for me. No VIN yet though.

Ordered Friday 1130am. MYLR standard everything. Live in NC.

Dang, was kinda hoping Jan to early Feb, trying to not cut too close to March in case there are delays. Better than previous estimate I guess.
Mine was updated today also shows Feb 1 to March 1 for M3P also in NC
Went ahead and ordered my Mobile charger since they increased the price of the wall charger didn't want to worry about any sneaky price increases
Using the 14-50 adapter Wink
Last edited by TheKingofDeals January 18, 2023 at 04:57 PM.
1
Pro
Jan 18, 2023 11:48 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 18, 2023 11:48 PM
396 Posts
Quote from TheKingofDeals :
How long did the account creation take at tower? Submitted the app but its says pending review.
Same brother it says pending for me as well..
1
Jan 18, 2023 11:50 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 18, 2023 11:50 PM
3,419 Posts
Quote from MaroonCircle6262 :
Same brother it says pending for me as well..
Ok cool! I had my credit froze and thawed it a few days ago had me worried. Usually checking accounts are setup pretty quick, sounds like we are working with some small banks here.
1

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Jan 18, 2023 11:50 PM
147 Posts
Joined Apr 2012
silviusJan 18, 2023 11:50 PM
147 Posts
Quote from PocketsThick :
It's because of the economic pain coming in 2023. Car sales are going to be down this year, the layoffs are already starting to happen. Tesla is trying to push as many sales as they can before the pain starts to be felt, and they aren't able to sell units as easily.
What economic pain in 2023?
Jan 18, 2023 11:58 PM
957 Posts
Joined Nov 2013
mtx1212Jan 18, 2023 11:58 PM
957 Posts
Quote from Aln10788 :
I'm so confused about this tax credit. Line 24 of my taxes is over $7500. Is it just a reduction of that number? Basically I just want to know if I'm actually saving $7500.
yes, credit is on your total annual tax liability.
Jan 19, 2023 12:00 AM
2,613 Posts
Joined Nov 2006
likeawJan 19, 2023 12:00 AM
2,613 Posts
Quote from silvius :
What economic pain in 2023?
Just from today....

U.S. Retail Sales Fell 1.1% in December
Jan 19, 2023 12:05 AM
509 Posts
Joined May 2018
vndragonslayerJan 19, 2023 12:05 AM
509 Posts
Quote from kenshi :
rav4prime can do 40miles ev or 500miles combine... while m3 gives you anxiety just by turning on the ac or heater! who is really the idiot?
but you're paying more for the car+gas.. plus i dont need over 200 mile range.. Smilie.. who's the idiot now.. better yet i can walk and not pay a penny for insurance, gas, maintenance.. worry about joe biden affecting my gas cost and least of all. I DONT HAVE TO SIT 6 HOURS IN dealership trying to buy a car.
Jan 19, 2023 12:08 AM
156 Posts
Joined Apr 2013
RevanriviaJan 19, 2023 12:08 AM
156 Posts
Quote from TheKingofDeals :
Ok cool! I had my credit froze and thawed it a few days ago had me worried. Usually checking accounts are setup pretty quick, sounds like we are working with some small banks here.
I think you'll be fine if your delivery is next month. I did read that Tower is slow.
Jan 19, 2023 12:14 AM
14 Posts
Joined Sep 2014
TruePJan 19, 2023 12:14 AM
14 Posts
Do anyone knows what comes by default with Model Y?
Charger included or we need to order Wall Connector?

Thanks in advance.!
Jan 19, 2023 12:18 AM
85 Posts
Joined Jan 2018
Nos4r2Jan 19, 2023 12:18 AM
85 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've talked to both numerous times on the phone and I'm choosing GCFCU. I'll have my employer send the amount of my payment to the account each month and take advantage of that extra .25% off.

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Original Poster
Jan 19, 2023 12:18 AM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 19, 2023 12:18 AM
673 Posts
Quote from TrueP :
Do anyone knows what comes by default with Model Y?
Charger included or we need to order Wall Connector?

Thanks in advance.!
Charger is not included

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