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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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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 26, 2023 08:32 PM
14 Posts
Joined Nov 2013
wstalcupJan 26, 2023 08:32 PM
14 Posts
Quote from WiseOctopus1522 :
the Tesla is arguably safer and even for me, twice it has moved on its own, in protecting itself from vehicles that would have hit me.

>>> Not bashing - really want to know from people who already own one. How much of this will be true without the radar and pure vision?
I guess it wouldn't work at all without autopilot.. if that is what you mean. what im saying is that once, I was sitting at a dead stop at a traffic light, and it rolled forward on its own about a foot or 2 (but obviously not too far to hit the car in front of me) . I looked around wondering what happened.. there was a Mack truck right on my bumper. Also on autopilot it moved me over a lane on the highway.. turns out a semi truck came over into my lane! but you know maybe those cars you mentioned have this ability too though.. lots of new cars coming out with great safety features!
Pro
Jan 26, 2023 08:38 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 26, 2023 08:38 PM
396 Posts
Quote from TheKingofDeals :
Wow how long after pre-approval and providing the requested documents notarized has it been?
I am hoping they can get mine paid within the Feb10-17 ETA Tesla gave.
Update got approved how and where is the Purchase order in tesla website.. is it the vehicle aggrement that we have to send ?
Jan 26, 2023 08:40 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 26, 2023 08:40 PM
532 Posts
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
Corolla does not have more interior room, or cargo room as Model 3 is both longer and wider.

https://www.carsized.com/en/cars/...hatchback/
Jan 26, 2023 08:46 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 26, 2023 08:46 PM
3,419 Posts
Quote from MaroonCircle6262 :
Update got approved how and where is the Purchase order in tesla website.. is it the vehicle aggrement that we have to send ?
Login to Tesla site via web not the APP. Inside your account there is a section called "Documents" its in this section, bottom right hand corner.
Pro
Jan 26, 2023 08:48 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 26, 2023 08:48 PM
396 Posts
Quote from TheKingofDeals :
Login to Tesla site via web not the APP. Inside your account there is a section called "Documents" its in this section, bottom right hand corner.
Ok it says as Order agreement hope that is the one.. I dont have purchase order
Jan 26, 2023 08:50 PM
254 Posts
Joined Jun 2011
dilbert007Jan 26, 2023 08:50 PM
254 Posts
https://apnews.com/article/biden-...79561557b5 Good luck for all those who got caught up in the price cut hype
1
Jan 26, 2023 08:56 PM
599 Posts
Joined Aug 2008
whocares1Jan 26, 2023 08:56 PM
599 Posts
Quote from dilbert007 :
https://apnews.com/article/biden-...79561557b5 Good luck for all those who got caught up in the price cut hype
So, there will not be 7500$ rebate?

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Jan 26, 2023 08:57 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 26, 2023 08:57 PM
3,419 Posts
Quote from MaroonCircle6262 :
Ok it says as Order agreement hope that is the one.. I dont have purchase order
I had one specifically labeled" Motor Vehicle Purchase Agreement"
I believe that is what Tower is asking for with "Purchased order, including VIN.
I uploaded both MVPA and Motor Vehicle Order Agreement to Tower.
Jan 26, 2023 09:00 PM
290 Posts
Joined May 2006
2NeolinuxJan 26, 2023 09:00 PM
290 Posts
Quote from dilbert007 :
https://apnews.com/article/biden-...79561557b5 Good luck for all those who got caught up in the price cut hype

Old news by a day and will not impact Tesla price cut, you meant to say Federal Credit of $7500 might get impacted
Chances of getting passed "0", has to be passed by Senate and signed by President
Last edited by SliQwick January 26, 2023 at 02:30 PM.
Jan 26, 2023 09:07 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsJan 26, 2023 09:07 PM
3,419 Posts
I located Power of Attorney doc at tower: https://www.towerfcu.org/wp-conte...torney.pdf

Since it was not located in my Docs prepopulated with data. Looks like I can fill in the make, model vin etc.
I assume the field labeled "account no:" is the Vehicle Loan Application #?
Jan 26, 2023 09:18 PM
18 Posts
Joined Feb 2015
hungvoivanJan 26, 2023 09:18 PM
18 Posts
Quote from techie_review :
you are looking at the performance, the MYLR is 53,490 and performance Y is 56,990


or you might have added extras ... do a custom order and you should see the MYLR for 53490 with no upgrades
Oh, I see it now. Thanks much gents for all the replies!
Jan 26, 2023 09:27 PM
254 Posts
Joined Jun 2011
dilbert007Jan 26, 2023 09:27 PM
254 Posts
I didn't mean to hurt any of those tender tesla fans only crowd !! 😆 when was facts relevant for this thread.. ?
Last edited by dilbert007 January 26, 2023 at 02:30 PM.
3
Jan 26, 2023 09:29 PM
2,417 Posts
Joined Jan 2013
tonkotsuJan 26, 2023 09:29 PM
2,417 Posts
Quote from dilbert007 :
I didn't mean to hurt any of those tender tesla fans only crowd !! 😆 when was facts relevant for thus thread.. ?
might want to know how the process works before mindlessly posting
Jan 26, 2023 09:30 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 26, 2023 09:30 PM
4,332 Posts
Quote from whocares1 :
So, there will not be 7500$ rebate?
It's still largely on track, as long as you take possession before the decision is made in March. We don't know when it March.
Last edited by SliQwick January 26, 2023 at 07:56 PM.

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Jan 26, 2023 09:33 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 26, 2023 09:33 PM
4,332 Posts
Quote from Zizo123 :
Question for the Money heads (please don't judge my $ naivety)

What if I had the cash to buy the car, but instead took a 36-month loan from Tower @ 2.24%, and invested the cash I already have in a 3-year CD at 4.35%?

Is there a catch that I'm not seeing here?
From what I'm looking at, the only thing you "may" not be seeing is you'll have to pay tax on the interest paid to you on the CD. But that's trivial. You would still be making the correct move. That's the move I'm expecting to make when the time comes.

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