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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 2,619,140 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 22, 2023 07:54 AM
3,707 Posts
Joined Oct 2003
CeceriousJan 22, 2023 07:54 AM
3,707 Posts
Quote from cybertechie :
Does Tesla provide dashcam option?
If not, has anyone integrated a dashcam to their system?
Amazing dash cam ability. Watch a a video or two from this YouTube channel, and I'm sure you'll be satisfied

https://youtube.com/@WhamBaamTeslacam
Jan 22, 2023 08:38 AM
1,284 Posts
Joined Dec 2015
FishKillaJan 22, 2023 08:38 AM
1,284 Posts
Quote from ggapropros :
Damn your parents f***ed up if you think a 2 door is the same number as 4 doors. Do you even know how to tie your shoes?
I'm not the one who brought up Nuburgring like it was a brag.

I was just pointing out some fool who did.

I agree, keep your grocery getter living life 1/4 mile at a time, because it is not really the performance car some try to make it out to be.

Just trying to keep the Tesla BS in check
Jan 22, 2023 08:40 AM
3,389 Posts
Joined Jun 2008
dagaduJan 22, 2023 08:40 AM
3,389 Posts
Anyone recommend which accessories to buy for Tesla Y?
Jan 22, 2023 09:12 AM
1,284 Posts
Joined Dec 2015
FishKillaJan 22, 2023 09:12 AM
1,284 Posts
Quote from ggapropros :
I cannot think of a single passenger ferry off the top of my head in america that takes any cars, gasoline or EV. We have things called bridges. Its one of the reasons people own cars. They can drive them.
Man, you really need to get out more.

https://www.cmlf.com/
Jan 22, 2023 09:27 AM
1,284 Posts
Joined Dec 2015
FishKillaJan 22, 2023 09:27 AM
1,284 Posts
Quote from dagadu :
Anyone recommend which accessories to buy for Tesla Y?
https://www.hautopart.com/collect...-model-3-y

https://www.hautopart.com/collect...-mount-kit
Jan 22, 2023 12:47 PM
13 Posts
Joined Aug 2013
DysicJan 22, 2023 12:47 PM
13 Posts
https://www.irs.gov/credits-deduc...3-or-after

"In addition, your modified adjusted gross income (AGI) may not exceed:

$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.

The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years."

So I can use my AGI from 2022 and file for the $7500 federal tax credit this upcoming tax season right?
Jan 22, 2023 01:05 PM
13 Posts
Joined Aug 2013
DysicJan 22, 2023 01:05 PM
13 Posts
Quote from CycloneFW :
No, no change in wages. Let's say your employer is withholding $1,000 from your paycheck each month for taxes. You'd have them withhold $300 now instead, not prepaying the full amount each month. This is done via the W-4 form each employer has you fill out.
"How to Claim the Credit
To claim the credit, file Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles) with your tax return. You will need to provide your vehicle's VIN."

From IRS website- we can use 2022 AGI and file this with upcoming tax return ?

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Jan 22, 2023 01:37 PM
15,359 Posts
Joined Sep 2009
KnightshadeJan 22, 2023 01:37 PM
15,359 Posts
Quote from aifan :
Generally always a bad bet to assume any hardware upgrades down the road on a Tesla. Software features, apps and games are expected, but never hardware upgrades as they are so rare. Even if they promised a hardware upgrade by an Elon tweet, you wouldn't know which year/decade it would come.

I agree it's best not to assume, but not sure I'd say rare.... certainly not possible with EVERY newer bit of HW (heat pump for example) but there's been plenty of HW upgrades that HAVE been offered for existing cars.


Every owner who bough FSD with HW2.x in it, for years, got a free upgrade to HW3 computer.

Every FSD owner with an older S/X who had 2.0 cameras got (or is in process of getting) upgraded cameras too since they had an older differently color filtered version incompatible with current FSD software.

Every OLD S/X owner, all the way back to 2012 buyers, have an option to upgrade their Tegra based media computer to a years newer Intel based one (this one isn't free, but go drive your 10 year old Lexus into the dealer and tell em you want the media computer from a years newer car swapped in at any price and watch as they laugh at you)

Every older S, X, 3, and Y owner will have the option for a CCS charging upgrade later this year (though the SC network is so good this is a relatively niche thing to really need)


Meanwhile other car makers wouldn't upgrade any HW, ever, and hell most still charge for map updates on such cars
Jan 22, 2023 01:42 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 22, 2023 01:42 PM
3,419 Posts
You didn't want to go for one with Android Auto or Apple Play integration?
Trying to figure out which screen is the latest model the 9 or 10.25 inch?
Its slightly bigger than the one you posted but has bit more options and integration.


9"
https://www.hautopart.com/product...0llaJdjQo9

10.25
https://www.hautopart.com/collect...7570772180

https://www.youtube.com/watch?v=Ph3dK8-8cMk
Jan 22, 2023 01:43 PM
3,485 Posts
Joined Jan 2011
toromacJan 22, 2023 01:43 PM
3,485 Posts
No ultrasonic parking sensors and no park assist are dealbreakers for many. This is basically a way clearance these inferior vehicles until the new hardware rolls in by June or so. And man that hardware will be sweet. Funny that the 2022 model is actually better than this first run of 2023s. New hardware should be installed by June at latest.
5
Jan 22, 2023 02:11 PM
1,015 Posts
Joined Mar 2019
CycloneFWJan 22, 2023 02:11 PM
1,015 Posts
Quote from Dysic :
"How to Claim the Credit
To claim the credit, file Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles) with your tax return. You will need to provide your vehicle's VIN."

From IRS website- we can use 2022 AGI and file this with upcoming tax return ?
No, it will be filed next year with your 2023 return. But yes, you can use your 2022 AGI for qualification when you file your 2023 taxes in 2024.
Jan 22, 2023 02:11 PM
166 Posts
Joined Mar 2017
mojo-jojo26Jan 22, 2023 02:11 PM
166 Posts
Quote from 8803809 :
Thanks, I thought I can claim this $7500 credit when I fill my 2022 tax return before April later this year. I guess I have to wait until next year then. thanks for the info.
Actually it is one of the two (2022/2023) years if I'm not mistaken.
Which ever Year your household AGI is lower than $300k, you choose that to claim it if getting vehicle before filing the taxes.
I don't find the link handy but it is mentioned either on one of the comment I read or on gov website.
Pls double check.
Jan 22, 2023 02:11 PM
1,284 Posts
Joined Dec 2015
FishKillaJan 22, 2023 02:11 PM
1,284 Posts
Quote from TheKingofDeals :
You didn't want to go for one with Android Auto or Apple Play integration?
Trying to figure out which screen is the latest model the 9 or 10.25 inch?
Its slightly bigger than the one you posted but has bit more options and integration.


9"
https://www.hautopart.com/product...0llaJdjQo9

10.25
https://www.hautopart.com/collect...7570772180

https://www.youtube.com/watch?v=Ph3dK8-8cMk

I like the bigger ones too, but they looked a little out of place and blocked the air vent, not that it really matters. The mini display actually looks like it came factory. It is molded into the steering column plastic. You actually replace yours with this.

Carplay and Android would be nice, but honestly is is a spare car and I don't really use it enough. 2000 miles a year
Jan 22, 2023 02:14 PM
730 Posts
Joined Dec 2014
JellyBellyMDJan 22, 2023 02:14 PM
730 Posts
Quote from ggapropros :
I cannot think of a single passenger ferry off the top of my head in america that takes any cars, gasoline or EV. We have things called bridges. Its one of the reasons people own cars. They can drive them.
Don't get out much do you? Guess you need a geography lessen as well........North Carolina Outer Banks.

​North Carolina's ferry system consists of 21 ferries and everyday service on seven regular routes across the Currituck and Pamlico sounds as well as the Cape Fear, Neuse and Pamlico rivers. Two routes – Hatteras-Ocracoke and Ocracoke-Cedar Island – are officially part of the Outer Banks National Scenic Byway​.

And to avoid your next comment, yes North Carolina is part of America.

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Jan 22, 2023 02:19 PM
1,284 Posts
Joined Dec 2015
FishKillaJan 22, 2023 02:19 PM
1,284 Posts
For the people bumping up against the price ceiling adding a color option and white interior and/or rims, you can order with standard black interior and add some white seat covers after.

These are nice

https://www.taptes.com/products/t...CIQAvD_BwE

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