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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 2,617,650 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 27, 2023 01:31 AM
1,071 Posts
Joined Sep 2009
pwrdbykimchiJan 27, 2023 01:31 AM
1,071 Posts
Quote from Beechos :
Anyone get their date pushed back? I was sched feb-mar now apr-may.

Mine was pushed back to February 14-March 21 from February 4-March 4. MYLR5, Blue; Los Angeles. Ordered on 1/14 at 9:00 PM PST.
Last edited by pwrdbykimchi January 29, 2023 at 08:48 PM.
Jan 27, 2023 01:36 AM
1,433 Posts
Joined Oct 2017
techie_reviewJan 27, 2023 01:36 AM
1,433 Posts
Quote from likzslick :
Ordered a MYLR on 1/19 via the website. No updates till now so called Tesla.

They mentioned I didn't have an address on my account/profile so that could be why I didn't get any update. Just FYI for people to complete their profile.
what is tesla's number
Jan 27, 2023 01:41 AM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 27, 2023 01:41 AM
3,109 Posts
Quote from jakuzhi :
Why is it so expensive?? For two drivers (one with a speeding tickets from 4 years ago), through Costco came out to $104/mo.
Thanks. I'll be looking into Costco tomorrow.
Jan 27, 2023 01:43 AM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 27, 2023 01:43 AM
3,109 Posts
Quote from blackduck08 :
What's up with Tower? I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Anyone else concerned that power of attorney is needed for the auto loan?
Lol what. You have to grant them PoA? Sometimes when you sell a vehicle you have to give them signatory privileges for when your title comes in but not PoA.
Jan 27, 2023 01:43 AM
26 Posts
Joined Dec 2013
gemini1234Jan 27, 2023 01:43 AM
26 Posts
If I buy and then sell in few months in 2023, can I still claim or keep tax credit of $7500? How long I need to keep the car to have the tax credit?
Jan 27, 2023 01:45 AM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 27, 2023 01:45 AM
3,109 Posts
Quote from techie_review :
what is tesla's number
1-800-buy-tesla
Jan 27, 2023 01:45 AM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 27, 2023 01:45 AM
3,109 Posts
Quote from gemini1234 :
If I buy and then sell in few months in 2023, can I still claim or keep tax credit of $7500? How long I need to keep the car to have the tax credit?
https://www.irs.gov/pub/taxpros/fs-2022-42.pdf

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Jan 27, 2023 01:46 AM
1,433 Posts
Joined Oct 2017
techie_reviewJan 27, 2023 01:46 AM
1,433 Posts
Quote from protox :
Just managed to snag a Y 7 seater but it wasn't my ideal color or interior. Had to get a new car asap since my Q7 was just totaled. Icing was the tax credit.

Why do all the 7 seater that come into inventory have the white interior? I'd think the people that buy the 7 seater tend to have kids.
Looking at all the threads and comments, its most likely a MAYBE for the tax credit if you dont pick it up by March !!! ... march 1 or 31st who knows ?
Jan 27, 2023 01:46 AM
1,433 Posts
Joined Oct 2017
techie_reviewJan 27, 2023 01:46 AM
1,433 Posts
Quote from foxblur :
1-800-buy-tesla
Thanks Roll Eyes (Sarcastic) *Insert middle finger*
Pro
Jan 27, 2023 01:54 AM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 27, 2023 01:54 AM
396 Posts
Anyone know how many days Tower takes after documents for approval are submitted ?
🤔
Jan 27, 2023 01:56 AM
84 Posts
Joined Aug 2011
JcyjoyJan 27, 2023 01:56 AM
84 Posts
I want to know too…
Jan 27, 2023 01:56 AM
187 Posts
Joined Dec 2013
JohnJ5627Jan 27, 2023 01:56 AM
187 Posts
I read thru some of these posts here found funny as heck. Well picking mine up next Wednesday ( ordered day after reduced pricing), it's a no brainer and people are complaining
Jan 27, 2023 01:58 AM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 27, 2023 01:58 AM
1,719 Posts
Quote from MaroonCircle6262 :
Anyone know how many days Tower takes after documents for approval are submitted ?
🤔
I'm not sure but from what i read, their New Car and Refinance is same rate… so if u need something right away, apply for Tesla finance and then go thru Tower and refi and pay Tesla within a month. Tesla finance will be less of a hassel for u to meet timeline if ur VIN is available and they expect u to pickup within the next few days.
Jan 27, 2023 02:06 AM
475 Posts
Joined Sep 2013
jakuzhiJan 27, 2023 02:06 AM
475 Posts
Quote from ilikeallofu :
I'm not sure but from what i read, their New Car and Refinance is same rate… so if u need something right away, apply for Tesla finance and then go thru Tower and refi and pay Tesla within a month. Tesla finance will be less of a hassel for u to meet timeline if ur VIN is available and they expect u to pickup within the next few days.
If you cancel within the month, will they prorate you the refund?

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Pro
Jan 27, 2023 02:06 AM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 27, 2023 02:06 AM
396 Posts
Quote from ilikeallofu :
I'm not sure but from what i read, their New Car and Refinance is same rate… so if u need something right away, apply for Tesla finance and then go thru Tower and refi and pay Tesla within a month. Tesla finance will be less of a hassel for u to meet timeline if ur VIN is available and they expect u to pickup within the next few days.
Thanks Thats what i was thinking.. But i have already applied for new car loan at tower not sure how to change to refinance later.. Its so hard to reach Tower and do all paperwork again

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