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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 2,619,621 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 24, 2023 01:14 PM
104 Posts
Joined Dec 2013
sunnys4776Jan 24, 2023 01:14 PM
104 Posts
Quote from mojo-jojo26 :
All these claims are speculative based on partial information available from some tweets and portals.
No firm dates tied to specific parts built in the car.
It's hit or miss right now and for matrix light and comfort suspensions for MYLR.
Wish everyone who did not get the delivery yet will get the new parts.
Anyway to find out upgraded suspension and matrix led based on VIN? . I won't qualify for tax credit. Thinking to postpone the delivery
Jan 24, 2023 01:24 PM
166 Posts
Joined Mar 2017
mojo-jojo26Jan 24, 2023 01:24 PM
166 Posts
Quote from sunnys4776 :
Anyway to find out upgraded suspension and matrix led based on VIN? . I won't qualify for tax credit. Thinking to postpone the delivery
I don't think there is a way other than Tesla rep can get you that exact info.
Few folks tried that per recent comments and found out sales adviser from Tesla giving out incorrect info.
Only way to confirm is when you are physically checked the car for delivery and reject/accept.
(Reject from here means you won't have 20" wheels in MYLR 5 seat config to qualify for $7500 tax credit)
Others chime in if there are any other ways to get that info...
1
Jan 24, 2023 01:26 PM
309 Posts
Joined Oct 2014
chhatcJan 24, 2023 01:26 PM
309 Posts
What is the reason for Tesla's Mar 2023 advertisement at the launch page alluding to an expiry/devaluation of the credits ? Sorry if that's already been asked and answered.
Jan 24, 2023 01:35 PM
15,359 Posts
Joined Sep 2009
KnightshadeJan 24, 2023 01:35 PM
15,359 Posts
Quote from chhatc :
What is the reason for Tesla's Mar 2023 advertisement at the launch page alluding to an expiry/devaluation of the credits ? Sorry if that's already been asked and answered.

asked/answered roughly 9753 times already.

Treasury is issuing new guidance (allegedly in the March/April timeframe) that may (or may not) change which vehicles are eligible compared to today.

This change would not be negatively retroactive, so if it says eligible today you're eligible as long as you take delivery before the new rules come out.
Jan 24, 2023 01:40 PM
470 Posts
Joined May 2011
pisceanJan 24, 2023 01:40 PM
470 Posts
Quote from amit1793 :
Tesla still has plenty of gross profit margin without substantial competition. I will wait till Dec or early next year when the competition heats up, and Tesla is also forced to improve build quality, and lower profit margins.
They won't lower profit margin anymore. An article mentioned Tesla made 15k profit last year per car. After reduction it made 2k in profits. They are slowly increasing prices for chargers and car now.
Jan 24, 2023 01:47 PM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 24, 2023 01:47 PM
3,109 Posts
Quote from MurraytheDemonSkull :
According to IRS website:

" A vehicle's eligibility for the new clean vehicle credit is generally based on the criteria that apply as of the date a vehicle is placed in service, meaning the date the taxpayer takes delivery of the vehicle. "

do you think, the folks who ordered 5 seater MY LR AWD configuration with an MSRP under $55K at the time of ordering and have not received the car yet, will be eligible for $7500 tax credit since the MSRP for that configuration at the time of delivery will be above the IRS threshold of $55K?
I ordered 4 days ago and have yet to receive any more information other than Jan-Mar. We're all taking a gamble. Maybe we'll get the full 7500 or rumors of half or maybe none. It'll be up to you if you decide to take the delivery or just give up your $250 ordering fee.

We'll know more by March. Maybe clarification won't come until Months later and we'll all get the 7500. It's hard to know. But Tesla has a lot of motivation in thousands of orders to push that decision off or make it go in our favor. You vote with your $ and I hope they know that many of us may abandon our orders if the tax credit goes away because they build their batteries in China. This is my plan. The market will be swarmed with EVs. I can wait and purchase a different brand.
Jan 24, 2023 01:48 PM
1,544 Posts
Joined Apr 2006
flyalexairJan 24, 2023 01:48 PM
1,544 Posts
is the income for tax rebate for 2022 income or 2023 income? thanks!

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Jan 24, 2023 01:57 PM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 24, 2023 01:57 PM
3,109 Posts
Quote from flyalexair :
is the income for tax rebate for 2022 income or 2023 income? thanks!
You can chose either year to use your AGI. The rebate won't come until you file in 2024. But you do have the option to elect to have your employer withhold less with the anticipation of the rebate essentially giving you pieces of the rebate immediately.
Jan 24, 2023 01:58 PM
639 Posts
Joined Oct 2007
slickdealer_123Jan 24, 2023 01:58 PM
639 Posts
Quote from DealBoz :
Will REMOVING the Enchanced Auto pilot option is available before delivery no VIN yet assigned and the delivery dates shows Feb-18 to March 25th
I removed them and delivery didn't change. You can add remove features before they assign vin
Jan 24, 2023 02:07 PM
64 Posts
Joined Jan 2021
DealBozJan 24, 2023 02:07 PM
64 Posts
Quote from slickdealer_123 :
I removed them and delivery didn't change. You can add remove features before they assign vin
I don't see an option in App may I know how do you did it
And also I would like to add a tow hitch just concerned will this impact the date

Heard that EAP is an software which can be removed before delivery correct me if I am wrong
Jan 24, 2023 02:13 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 24, 2023 02:13 PM
4,331 Posts
Quote from TheKingofDeals :
I got my VIN this morning for M3P. Looks like delivery date updated to Feb 10-17th also.
They are asking for proof of insurance to be uploaded. Looks based on decoders mine is coming from Fremont Factory and I am in NC

11 Location of Manufacture F = Fremont, CA, USA

CU are dragging their feet. Anyone have luck refinancing with them at the similar lower rates? Might go direct with Tesla and then attempt refi.
All Model 3 Performance cars for the US come out of Fremont.
I got mine ~3 weeks ago. The best rate I could find was 5.34% via Tesla, ultimately through Wells Fargo.
Jan 24, 2023 02:15 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 24, 2023 02:15 PM
4,331 Posts
Quote from sunnys4776 :
Anyway to find out upgraded suspension and matrix led based on VIN? . I won't qualify for tax credit. Thinking to postpone the delivery
Quote from mojo-jojo26 :
I don't think there is a way other than Tesla rep can get you that exact info.
Few folks tried that per recent comments and found out sales adviser from Tesla giving out incorrect info.
Only way to confirm is when you are physically checked the car for delivery and reject/accept.
(Reject from here means you won't have 20" wheels in MYLR 5 seat config to qualify for $7500 tax credit)
Others chime in if there are any other ways to get that info...
All Y suspensions are new.

Matrix headlights are hit or miss. I'm not aware of any recent Austin-builds with Matrix.

You/they can't tell by the VIN.
Jan 24, 2023 02:17 PM
1,544 Posts
Joined Apr 2006
flyalexairJan 24, 2023 02:17 PM
1,544 Posts
Quote from foxblur :
You can chose either year to use your AGI. The rebate won't come until you file in 2024. But you do have the option to elect to have your employer withhold less with the anticipation of the rebate essentially giving you pieces of the rebate immediately.
it use to be that i could just change witholding number on my paystub through HR but now it seems they want me to fill out a deduction worksheet. annoyed. thanks for info but have no idea how to correctly change w4 to get 7500 rebate earlier.
Jan 24, 2023 02:21 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 24, 2023 02:21 PM
4,332 Posts
Quote from AkumaX :
Idk about you but I can't drive 4 hrs straight w/o a pee break
You may wanna talk to your doctor about that. Many people can drive 4 hours and more without a pee break. You probably get up in the middle of the night for a break or two?
1

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Jan 24, 2023 02:23 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 24, 2023 02:23 PM
4,332 Posts
Quote from vndragonslayer :
can't wait to see the flood of whiny sder about the $500 increase when they had no intention of buying it in the first place.
yeah, I'm betting the line of people wanting to just throw $250 away for kicks is kinda short.
I wouldn't worry too much about that. LMAO

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