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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 2,619,518 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 21, 2023 05:39 PM
60 Posts
Joined Oct 2018
WiseOctopus1522Jan 21, 2023 05:39 PM
60 Posts
Quote from dta20502 :
Booked 1/13, deliver Monday 1/23. I'm in Los Angeles area!
MY? Will you please update if it have the sensors?
Jan 21, 2023 05:39 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 05:39 PM
4,332 Posts
Quote from gordita :
we live in CA and unfortunately, do not qualify for federal or CA tax credits due to income limits.

is it too far-fetched to think about filing separately for 2023 tax year so my better half may qualify for federal as well as state tax credits (CVRP)?

The biggest assumption here is, my better half makes enough income to have a tax liability of $7500+ (for tesla), at a minimum.

anyways, I thought I would run it by this esteemed community to gauge opinion and see if others have successfully executed such a plan or if there are other creative ideas.
As far as I know. For the two of you the limit is $300K. If your better half doesn't make much, you must be making at least $200K-$250K yourself? I have to assume you have a CPA doing your taxes I would highly recommend you call him. Because filing married separately as opposed to married jointly can have a big effect on your taxes. I'm single and still made a call to my CPA and just asked his opinion. Mine was fully aware of the situation. I'm betting most are.
Jan 21, 2023 05:43 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 21, 2023 05:43 PM
3,694 Posts
Quote from Rebound :
There's more to performance than acceleration. Tesla has acceleration. Great on a dragstrip, but acceleration doesn't help you corner better.

I've driven Tesla 3 and Tesla Y. They're terrific cars, but you don't know what you're talking about if you think that fast acceleration is the only thing that makes a car perform well. Tesla's are boring in the corners. BMW's are way more fun on twisty roads.
Plaid 7:35 Nürburgring lap disagrees w/ your blanket Tesla assertion. And 7:44 to 8:10 (3P) isn't exactly boring, esp at price point.
Last edited by Anonymous January 21, 2023 at 11:03 AM.
2
Jan 21, 2023 05:43 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 05:43 PM
4,332 Posts
Quote from happens31 :
I'm a Penfed CU member with almost 800 credit score and the are offering me between 6-7.9%
I also am with Penfed. My other loan with them was good. 3%, but about 3 years ago. Easy peazy with them. But PenFed's rate now is nothing to write home about. It was higher than Tesla's rate.
Jan 21, 2023 05:45 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 05:45 PM
4,332 Posts
Quote from happens31 :
How long before everything is approved from start to finish?

From the looks of it I will have to join one of there organizations
Long for what and who?
Jan 21, 2023 05:51 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 05:51 PM
4,332 Posts
Quote from d0nniec :
Just to help everyone:

Ordered 1/17 @ 2:15 PM CST
White LR, 5 seater, black interior with 19s

Estimate delivery date: 3/1 - 3/31
Just my opinion. I have seen no definite date in March, as to when the cutoff is. But Tesla seems obvious putting everyone's date BEFORE March 31st. I'm guessing, Tesla knows (as of now) the cut off is March 31st.
I am also betting, Tesla knows there is going to be cancellations if not received by (whatever) the real cut date is. I wonder if Elon is gonna pull another rabbit out, or just figure he scored with keeping $250 from the cancellations? I don't think $250 even from many is enough.
I think/hope there may be another idea to avoid multiple cancellations.
Jan 21, 2023 05:58 PM
225 Posts
Joined Jan 2007
ahipokeJan 21, 2023 05:58 PM
225 Posts
Quote from twoweeled :
I also am with Penfed. My other loan with them was good. 3%, but about 3 years ago. Easy peazy with them. But PenFed's rate now is nothing to write home about. It was higher than Tesla's rate.
Navy Federal is 4.54% (up to 36 mo), 4.74% (37-60 mo), and 5.04% (61-72 mo). If you qualify for PenFed you should be eligible for NavyFCU too.

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Jan 21, 2023 06:09 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 21, 2023 06:09 PM
3,694 Posts
Quote from norcal007 :
New Prius is $27,450 LE with 57 city / 56 highway mpg. Prius has more room than the 3 with no planning a road trip around a charger map. They will sell a lot of them.
Toyota doesn't seem to have your level of confidence. In 2012/13 they sold over 230k prius (been on a slide since). New design, they're forecasting 35,000 deliveries for standard, no supply constraint factored.

Plenty of other cars that don't require planning a road trip around charger map, equally as irrelevant a comp.
1
Jan 21, 2023 06:12 PM
515 Posts
Joined Dec 2011
keep-them-comingJan 21, 2023 06:12 PM
515 Posts
I don't see $52,990 for Model Y. I only see $55,990.
Jan 21, 2023 06:12 PM
2,522 Posts
Joined Aug 2007
sleekwalletJan 21, 2023 06:12 PM
2,522 Posts
Quote from twoweeled :
Just my opinion. I have seen no definite date in March, as to when the cutoff is. But Tesla seems obvious putting everyone's date BEFORE March 31st. I'm guessing, Tesla knows (as of now) the cut off is March 31st.
I am also betting, Tesla knows there is going to be cancellations if not received by (whatever) the real cut date is. I wonder if Elon is gonna pull another rabbit out, or just figure he scored with keeping $250 from the cancellations? I don't think $250 even from many is enough.
I think/hope there may be another idea to avoid multiple cancellations.
I don't think that even them know , it is gonna be a mess if the restrictions come early March but I think most people would just bite the bullet and even more if crvp gets approved by then
Jan 21, 2023 06:13 PM
238 Posts
Joined Oct 2017
BroSanJan 21, 2023 06:13 PM
238 Posts
Ordered 13 4pm est... Originally Jan March.. later updated to Feb 1 to 28.. Now got a VIN.. Freemont Build and delivery Feb 2nd Week.. to NC
Jan 21, 2023 06:16 PM
147 Posts
Joined Apr 2012
silviusJan 21, 2023 06:16 PM
147 Posts
Quote from norcal007 :
MS just layed off 10,000 employees, Amazon 18,000, tech here in CA has been rocked with thousands of people let go, companies continue to close, many pulled out of the market, nasdaq 1 year performance looks like a ski slope, commercial RE vacancy rate in SF and much of Bay Area is approaching 28%. What economic pain indeed.
Yeah, sounds bad for California, lol. What about the rest of the country? (You know, the other 49 states)
Jan 21, 2023 06:21 PM
2,138 Posts
Joined Sep 2022
norcal007Jan 21, 2023 06:21 PM
2,138 Posts
Quote from IndiaPaleAle :
Toyota doesn't seem to have your level of confidence. In 2012/13 they sold over 230k prius (been on a slide since). New design, they're forecasting 35,000 deliveries for standard, no supply constraint factored.

Plenty of other cars that don't require planning a road trip around charger map, equally as irrelevant a comp.
Not understanding you. I have complete confidence in Toyota and have 2, along with a Honda Odyssey.
Jan 21, 2023 06:26 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 06:26 PM
4,332 Posts
Quote from sleekwallet :
I don't think that even them know , it is gonna be a mess if the restrictions come early March but I think most people would just bite the bullet and even more if crvp gets approved by then
Yeah, maybe so. We've got time to get more info. Luckily!Big Grin

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Jan 21, 2023 06:29 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 21, 2023 06:29 PM
4,332 Posts
Quote from hi4700 :
Congrats.
I ordered at 7.30pm and Still says - jan 22nd to Feb 5th
WOW! Now your information is eye opening. In other words, predicted date is meaningless and they don't update!! How did you get notified and how long before car arrived were yo notified?

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