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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

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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 22, 2023 05:20 PM
1,286 Posts
Joined Jan 2008
mankuJan 22, 2023 05:20 PM
1,286 Posts
Quote from inthecity :
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
If you're going to compare a Tesla to a Corola/Accord Hybrid,then you have to use a Model 3, not Y.

And the cheapest 3 is now $43900...not incorporating the potential $7500 tax incentive.

I've had two EVs...here in LA, the savings are extraordinary. I've driven to Santa Barbara, and a 100 miles DC filllup is $4.00ish at .15/kwh. Or a gallon of gas. Hotels I've stayed at have free charging for EV drivers.

I won't even get into driving performance.

Or despite the trolls, the status of a Tesla still exists. Go survey a bunch of people and ask them how they would feel if your blind date showed up in a Corolla or Tesla. Or if you're a realtor and drove your clients around in one.

3
Jan 22, 2023 05:29 PM
730 Posts
Joined Dec 2014
JellyBellyMDJan 22, 2023 05:29 PM
730 Posts
Quote from anhdongtx :
Most people don't buy or use that feature

Do you have data to show the tire scratches are due to smart Summon?

It's proven Tesla is one of the safest car to drive but nobody claims it's exempted from accident
Never said it was smart summon. Noticed quite few wheel rashes on Tesla cars, probably because of the black rims. Asked how this is possible with so many smart features. No warnings given to the driver?
Jan 22, 2023 05:48 PM
2,349 Posts
Joined Jun 2009
Deal_Breaker2Jan 22, 2023 05:48 PM
2,349 Posts
Quote from foxblur :
I see Jan-Mar for model y and Jan-Feb for model 3. Just checked
Mine is MY with 7 seats
Jan 22, 2023 05:51 PM
159 Posts
Joined Sep 2005
abc321Jan 22, 2023 05:51 PM
159 Posts
Quote from dohmahmigh :
Question 1: regarding the $7500 tax credit, my wife and I might need to file separately and have her claim the credit. Question - does it matter if the vehicle is registered under both of our names or should I just registered under her name if she's the one who will claim in tax return next year?

2nd question, does anyone know if the alternative fuel infrastructure tax credit reimburses the cost of installing a 240V 14-50 outlet for using the mobile connector, but NOT the wall charger?
For married filing separately to get under $300k income limit, I am not a tax expert but heard that if you live in a community property state like CA, then your income between the two spouses has to be split evenly. The income earned while married is considered community property. I had considered doing this also (married filing separately) but I don't think it will work in California. Someone correct me if I'm wrong.
Jan 22, 2023 05:58 PM
432 Posts
Joined Jul 2020
Chris_TianJan 22, 2023 05:58 PM
432 Posts
Quote from manku :
If you're going to compare a Tesla to a Corola/Accord Hybrid,then you have to use a Model 3, not Y.

And the cheapest 3 is now $43900...not incorporating the potential $7500 tax incentive.

I've had two EVs...here in LA, the savings are extraordinary. I've driven to Santa Barbara, and a 100 miles DC filllup is $4.00ish at .15/kwh. Or a gallon of gas. Hotels I've stayed at have free charging for EV drivers.

I won't even get into driving performance.

Or despite the trolls, the status of a Tesla still exists. Go survey a bunch of people and ask them how they would feel if your blind date showed up in a Corolla or Tesla. Or if you're a realtor and drove your clients around in one.
I dont know man.
If youre good at your job or if you have a healthy relationship, a car shouldnt matter.
If you are toxic at both, you can hide behind a car that falls apart the moment your new "partner" or "clients" touches it to show "greatness".

If buying the cheapest of the cheapest EV eco car that falls apart just to show status, youve failed at common sense.

Anyway, this model pricepoint is good. Though it should still be cheaper but with tax credits it should be okay. Either way taxes will negate the savings and FSD is 15 grand. Not worth it at all.
Jan 22, 2023 06:02 PM
841 Posts
Joined Dec 2006
t.i.Jan 22, 2023 06:02 PM
841 Posts
Quote from manku :
If you're going to compare a Tesla to a Corola/Accord Hybrid,then you have to use a Model 3, not Y.

And the cheapest 3 is now $43900...not incorporating the potential $7500 tax incentive.

I've had two EVs...here in LA, the savings are extraordinary. I've driven to Santa Barbara, and a 100 miles DC filllup is $4.00ish at .15/kwh. Or a gallon of gas. Hotels I've stayed at have free charging for EV drivers.

I won't even get into driving performance.

Or despite the trolls, the status of a Tesla still exists. Go survey a bunch of people and ask them how they would feel if your blind date showed up in a Corolla or Tesla. Or if you're a realtor and drove your clients around in one.
Take a look at your charging cost in the Tesla App. DC fillup is not 15 cents/kWh in CA.
I frequent SB quiet a bit, mind sharing a few hotels that let you charge for free. Lately, I haven't able to find any free charging.
Jan 22, 2023 06:05 PM
6,744 Posts
Joined Dec 2010
blukingJan 22, 2023 06:05 PM
6,744 Posts
Quote from inthecity :
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
41.8c???? Wtf where are you located? We pay 12c per kwhr here. Seems like a perfect reason to get solar then. Average for the country is nowhere near 42c I think,correct me if I'm wrong.
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Jan 22, 2023 06:08 PM
14 Posts
Joined Nov 2013
wstalcupJan 22, 2023 06:08 PM
14 Posts
FYI to estimate delivery dates for you. is there a list of others delivery dates floating around
Ordered on Jan 18, 2023, Gray Model Y, Miami FL; delivery date Feb 23 - March 30
Just wondering, because if the Model Y doesn't come in time for $7500 rebate, then I'd like to order the Model 3 since delivery times are shorter. Thanks!
Pro
Jan 22, 2023 06:11 PM
13,111 Posts
Joined Feb 2008
AkumaX
Pro
Jan 22, 2023 06:11 PM
13,111 Posts
Quote from inthecity :
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
Yeah cost savings is the biggest x-factor.

If it's $2.50/gal + $0.40/kW then you'd go negative with EV.
If it's $4/gal vs + $0.15/kW then it makes a bit of sense. Everyone's situation is going to be different.
Jan 22, 2023 06:11 PM
274 Posts
Joined Apr 2005
clauJan 22, 2023 06:11 PM
274 Posts
Quote from inthecity :
I agree with all of your point except Cost Savings. I dont own a Tesla or Any EV for that matter. But you dont need to own one to do some math based on facts. Here are some hard numbers on gas cost savings.

A Hybrid (Honda accord, Toyota corolla Hybrid or equivalent) averages around 48 MPG. Regular Gas in my State is $3.19. 2022 Model Y LR is rated as 0.28 KW/Mile. The cost of electricity for me 41.8 cents/KW. At that rate Model Y would give me an equivalent of 27.21 MPG (3.19/(0.28*41.8). The 10k that Model Y is priced more than an equivalent Hybrid will save me a monthly Interest of $42 @ 5% APR.

In order to realize any cost savings compared to a Hybrid for anyone (including the interest savings), the Electricity Rate must be less than 9 cents/KW (24 cents without interest savings). I understand there are a few states that might have Electricity prices lower that 9 cents, But it is not universally true. Most EV customers are paying in in more in electricity costs, than a comparable gas hybrid. There so many other good reasons, people choose buy EV right?. I agree with most of the points you make, but with today's electricity prices, Gas Cost savings is just not true anymore.
Where do you live? 41.8c/KWH is really high. $3.19/gallon is really low. Tesla Superchargers' off-peak rates are less than 40c/KWH. Electrify America charges 31c/KWH if you signed up on their plan that costs $4/month. You need the CCS adaptor though, to use EA's chargers.

I enjoy free charging at my workplace, but that is not common, I guess.
Jan 22, 2023 06:12 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 22, 2023 06:12 PM
3,694 Posts
Quote from t.i. :
Take a look at your charging cost in the Tesla App. DC fillup is not 15 cents/kWh in CA.
I frequent SB quiet a bit, mind sharing a few hotels that let you charge for free. Lately, I haven't able to find any free charging.
Plot twist (EV owner)! Where do you drive from (to SB)? Wanna help you find the most cost effective solution. Smilie
1
1
Jan 22, 2023 06:14 PM
3,485 Posts
Joined Jan 2011
toromacJan 22, 2023 06:14 PM
3,485 Posts
Quote from JellyBellyMD :
Never said it was smart summon. Noticed quite few wheel rashes on Tesla cars, probably because of the black rims. Asked how this is possible with so many smart features. No warnings given to the driver?
Its because no 360 view camera. And now the 2023 model has removed ultrasonic parking sensors. About to see a lot more curb rash on the 2023 models ha. So high tech yet its stuck in 1999 parking tech wise.
Jan 22, 2023 06:15 PM
841 Posts
Joined Dec 2006
t.i.Jan 22, 2023 06:15 PM
841 Posts
Quote from IndiaPaleAle :
Plot twist (EV owner)! Where do you drive from (to SB)? Wanna help you find the most cost effective solution. Smilie
That woke you up, didn't it!
2
Jan 22, 2023 06:28 PM
53 Posts
Joined Mar 2020
SlickTerrier7152Jan 22, 2023 06:28 PM
53 Posts
Amazing deal. Won't last long

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Jan 22, 2023 06:29 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 22, 2023 06:29 PM
3,694 Posts
Tesla HQ designation means nothing. They didn't really leave. Yeah right, Tesla is going to close Fremont, their largest US Tesla consumer market (by a landslide) whr they have 22k employees working OT.

Your list is dubious. Has entries like AA relocating 500 flight attendants from SF. laugh out loud

Must be hard to reconcile CA growing GDP. CA may have already surpassed Germany as 4th largest economy. Haters will say it's fake news.
4

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