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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 2,618,078 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 25, 2023 12:32 AM
1,567 Posts
Joined Mar 2008
rkingjJan 25, 2023 12:32 AM
1,567 Posts
Congrat!!! what is your delivery states (from xx to xx day/Month) before your Vin assigned?
Quote from kingzq :
Picked our 19' white LRY this afternoon. Austin built, no matrix light, no Radar sensor, Ryzen chip.

Most joint gap is normal/consistent. Most visible inconsistent gap is between the trunk cover and the body, the front bumper has a bit larger gap to the fender, but our Honda Clarity has similar pattern. No rattling noise of any kind driving back. Don't think will be making service appointments for those. Overall I would say build quality is on par with our Honda, maybe less than our BMW 330.

Time line: order placed on 9:30am CST 1/13, 19' white LRY with no added options. Vin assigned on 1/18, picked up at afternoon 1/24. Coordinate, north DFW, TX.
Jan 25, 2023 12:38 AM
957 Posts
Joined Nov 2013
mtx1212Jan 25, 2023 12:38 AM
957 Posts
Quote from chucktaylur :
Isnt it too late to get the tax credit anyway? I dont think anyone who orders after the increase would get delivery by March.
well nobody knows what type of "guidance" treasury will actually release in march...
Jan 25, 2023 12:40 AM
2 Posts
Joined Sep 2020
CoolFlower8566Jan 25, 2023 12:40 AM
2 Posts
Quote from Dystien :
I ordered a White Model Y, with 0 added options. Ordered Jan 13. No Vin yet but delivery states Jan 30 - Feb 27. I'm in Los Angeles. Anyone want to take over my order for $250?

We are looking to get the model 3 instead.
how can you transfer your order to someone else? I am in NJ
Jan 25, 2023 12:43 AM
1,643 Posts
Joined Mar 2004
BobloadmireJan 25, 2023 12:43 AM
1,643 Posts
Quote from kingzq :
Picked our 19' white LRY this afternoon. Austin built, no matrix light, no Radar sensor, Ryzen chip.

Most joint gap is normal/consistent. Most visible inconsistent gap is between the trunk cover and the body, the front bumper has a bit larger gap to the fender, but our Honda Clarity has similar pattern. No rattling noise of any kind driving back. Don't think will be making service appointments for those. Overall I would say build quality is on par with our Honda, maybe less than our BMW 330.

Time line: order placed on 9:30am CST 1/13, 19' white LRY with no added options. Vin assigned on 1/18, picked up at afternoon 1/24. Coordinate, north DFW, TX.
Thanks for the dp. checking our vin shows Austin as well, so i guess no matrix lights for us either
Jan 25, 2023 12:46 AM
81 Posts
Joined Nov 2009
inthecityJan 25, 2023 12:46 AM
81 Posts
Quote from sidewinder33625 :
ouch 41c/kwh is very high. here in fl its 12c/kwh while average cost in the us is 16c so your calculation is quite outside the norms. also, similar sized hybrid suv like 2023 cr-v is average 40mpg which further reduces the cost for the y.

just go here and plug in the numbers to see. mylr is 3.57 mi/kwh. for my locality, ev comes out to 90mpg compared to 40mpg hybrid.

https://chooseev.com/savings-calculator/

https://www.fueleconomy.gov/feg/b...el_Y.shtml
My calculations are correct. You are not including the opportunity savings for a lower monthly payment for a hybrid.
We can get into what is a comparable vehicle discounts prices and all that.

The point I am trying to make is that gas savings are not necessarily true for everyone. Do your calculations for your situation before making your purchase decisions.
Jan 25, 2023 12:50 AM
255 Posts
Joined Mar 2005
bradmanJan 25, 2023 12:50 AM
255 Posts
If you are TX area, there is a demo MY Long range 5 seat (metalic silver) vehicle under $55K showing up in inventory

https://www.tesla.com/my/order/7S...o#overview
Jan 25, 2023 12:51 AM
159 Posts
Joined Nov 2020
PetegkingJan 25, 2023 12:51 AM
159 Posts
Base Price has gone up now. It's now $53,490 as of this morning for the Model Y LR
1

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Jan 25, 2023 12:53 AM
38 Posts
Joined May 2013
dealhunter031Jan 25, 2023 12:53 AM
38 Posts
Quote from ggapropros :
the rush is that the government is cutting it to $3750 in march.
You are correct, reading Form 8936 and has the quote:
--
https://www.irs.gov/instructions/i8936

Credit Phaseout: The phaseout begins in the second calendar quarter after the quarter in which the 200,000th vehicle was sold. Then the phaseout allows 50% of the full credit for 2 quarters, 25% of the full credit for 2 additional quarters, and no credit thereafter.
--
So post March deliveries, the credit will most likely be only $3750 and $1875 in Q4 2023.
Jan 25, 2023 12:55 AM
38 Posts
Joined May 2013
dealhunter031Jan 25, 2023 12:55 AM
38 Posts
Quote from ggapropros :
woah wait if i made less than $150k in 2022 then i will get full $7500 this year even though i now have salary higher than that??
Looks like it.

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.
Jan 25, 2023 01:02 AM
669 Posts
Joined Oct 2016
RWelchSJan 25, 2023 01:02 AM
669 Posts
Quote from kingzq :
Picked our 19' white LRY this afternoon. Austin built, no matrix light, no Radar sensor, Ryzen chip.

Most joint gap is normal/consistent. Most visible inconsistent gap is between the trunk cover and the body, the front bumper has a bit larger gap to the fender, but our Honda Clarity has similar pattern. No rattling noise of any kind driving back. Don't think will be making service appointments for those. Overall I would say build quality is on par with our Honda, maybe less than our BMW 330.

Time line: order placed on 9:30am CST 1/13, 19' white LRY with no added options. Vin assigned on 1/18, picked up at afternoon 1/24. Coordinate, north DFW, TX.
how do you know if you have those things? I get my MY in 3 days.
Jan 25, 2023 01:08 AM
1,328 Posts
Joined Nov 2005
lazybummmJan 25, 2023 01:08 AM
1,328 Posts
I placed an order last week for a Model Y 7 seat with no options, but was able to transfer over to an inventory vehicle. Got a super nice Tesla salesperson on the phone last night and found a 7-seater white interior and tow package (two options I was thinking about changing to if available) locally. This wasn't listed anywhere (didn't show up on discord or TSLA website). It had FSD as an option but they removed it for me. Excited to get it before March.
Jan 25, 2023 01:10 AM
1,015 Posts
Joined Mar 2019
CycloneFWJan 25, 2023 01:10 AM
1,015 Posts
Quote from lazybummm :
I placed an order last week for a Model Y 7 seat with no options, but was able to transfer over to an inventory vehicle. Got a super nice Tesla salesperson on the phone last night and found a 7-seater white interior and tow package (two options I was thinking about changing to if available) locally. This wasn't listed anywhere (didn't show up on discord or TSLA website). It had FSD as an option but they removed it for me. Excited to get it before March.
Congrats!
1
Jan 25, 2023 01:15 AM
4,257 Posts
Joined Jun 2010
alMacJan 25, 2023 01:15 AM
4,257 Posts
Quote from Petegking :
Base Price has gone up now. It's now $53,490 as of this morning for the Model Y LR
Hmm.. He is setting the prices like its a grocery store business. I am not into a white color car. Was debating and silver metallic stays at $1000 as well (earlier it was at no cost).
Jan 25, 2023 01:24 AM
100 Posts
Joined Jul 2009
kingzqJan 25, 2023 01:24 AM
100 Posts
Quote from rkingj :
Congrat!!! what is your delivery states (from xx to xx day/Month) before your Vin assigned?
Our original delivery date was generic Jan-March like everyone else, it got updated on the 14th to Jan 14-Jan27.

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Jan 25, 2023 01:28 AM
509 Posts
Joined May 2018
vndragonslayerJan 25, 2023 01:28 AM
509 Posts
Quote from alMac :
Hmm.. He is setting the prices like its a grocery store business. I am not into a white color car. Was debating and silver metallic stays at $1000 as well (earlier it was at no cost).
you had a good 10 days to decide.. theres a saying: you snooze you lose
1

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