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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 29, 2023 07:10 PM
304 Posts
Joined Dec 2016
anhdongtxJan 29, 2023 07:10 PM
304 Posts
Quote from FishKilla :
Why the mods allow you to post this blatant lie over and over and over again is sort of telling.

Actually it is at least 2 lies, I won't include your lie about the Civic.

There is NO Tesla that is $37K period! You cannot count rebates that not everyone qualifies for and the whole IRA is in flex. And Corollas are NOT $36K

The cheapest stripped Model 3 available now is $45,630 +TTL

The cheapest stripped Corolla is $22,645 +TTL

So the Tesla is DOUBLE the price. Let me explain that for the simpletons...

You can but 2 Corollas for the price of 1 Model 3. OK?

So stop lying and mods, do your job and delete these blatant lies. Unless you like them and support them.
The credit works for me so the Tesla is 37K for me. The credit is the big reason for me to buy it


Anyway, the cheapest Corolla doesn't have any features. Most people that want a Tesla would not consider a Corolla, less the cheapest Corolla

Also, most dealers would not want to sell you the cheapest Corolla anyway. I just checked a few dealers and most of them wants to add some dealer options that you don't want for $2500
Last edited by anhdongtx January 29, 2023 at 12:25 PM.
1
Jan 29, 2023 07:12 PM
108 Posts
Joined Dec 2015
Ganga1985Jan 29, 2023 07:12 PM
108 Posts
Quote from nexkodi :
All accelerated delivery vehicles are more than 55K. Would it adjust the price to the price I ordered if I pick a vehicle?
they are more than 55K because of added options.. keep looking for base versions that keeps popping up
Jan 29, 2023 07:12 PM
1,310 Posts
Joined Mar 2008
LampPostJan 29, 2023 07:12 PM
1,310 Posts
Quote from turns2stone :
e

Yeah, but no one wants a Corolla. Much less two of them laugh out loud
Statistics disagree with you (although it is on a decline):

https://www.caranddriver.com/news...cars-2022/
Jan 29, 2023 07:23 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 29, 2023 07:23 PM
4,331 Posts
Quote from LampPost :
Statistics disagree with you (although it is on a decline):

https://www.caranddriver.com/news...cars-2022/ [caranddriver.com]
I think you missed my point. Just because millions of people at Taco Bell every day, doesn't mean it's because it's their first choice.

In the deal threads for Morton's Steakhouse gift cards, do we have people coming and and badgering with 'you could buy 157 bean burritos at Taco Bell, instead'?
1
Jan 29, 2023 07:29 PM
254 Posts
Joined Jun 2011
dilbert007Jan 29, 2023 07:29 PM
254 Posts
Quote from turns2stone :
The 'next batch of buyers' at a lower price point ($20K-$40K) will have plenty of used Teslas to choose from.
Some can be picked right from their Giga parking lot in future!! 😆.. folks needs pay attention to whats cooking in PHeV market...over next couple of months clue is something something getting amended for battery size qualification. Let's see how it plays out. Let me wait for next batch of excess inventory in Model x and S..

50 k Model S !! let's go Alon!!
Jan 29, 2023 07:37 PM
57 Posts
Joined Aug 2017
nil99Jan 29, 2023 07:37 PM
57 Posts
Quote from FishKilla :
Why the mods allow you to post this blatant lie over and over and over again is sort of telling.

Actually it is at least 2 lies, I won't include your lie about the Civic.

There is NO Tesla that is $37K period! You cannot count rebates that not everyone qualifies for and the whole IRA is in flex. And Corollas are NOT $36K

The cheapest stripped Model 3 available now is $45,630 +TTL

The cheapest stripped Corolla is $22,645 +TTL

So the Tesla is DOUBLE the price. Let me explain that for the simpletons...

You can but 2 Corollas for the price of 1 Model 3. OK?

So stop lying and mods, do your job and delete these blatant lies. Unless you like them and support them.
And use the 20K for gas and maintenance for the life of the car. maybe you will still be left with few thousands. Especially for folks who cant charge them at home and need to wait in lines and sit in the car till it charges. Also add the expensive insurance for teslas and poor service
Last edited by nil99 January 29, 2023 at 12:43 PM.
Jan 29, 2023 07:39 PM
526 Posts
Joined Mar 2019
ggaproprosJan 29, 2023 07:39 PM
526 Posts
Quote from FishKilla :
Why the mods allow you to post this blatant lie over and over and over again is sort of telling.

Actually it is at least 2 lies, I won't include your lie about the Civic.

There is NO Tesla that is $37K period! You cannot count rebates that not everyone qualifies for and the whole IRA is in flex. And Corollas are NOT $36K

The cheapest stripped Model 3 available now is $45,630 +TTL

The cheapest stripped Corolla is $22,645 +TTL

So the Tesla is DOUBLE the price. Let me explain that for the simpletons...

You can but 2 Corollas for the price of 1 Model 3. OK?

So stop lying and mods, do your job and delete these blatant lies. Unless you like them and support them.
so you're saying anyone who has ever posted a YMMV should have their post deleted by mods

Probably should get off slickdeals if YMMV offends you. Your newspaper probably still has ads for Best Buy in the back on Sundays that sounds more like your speed
1

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Jan 29, 2023 07:40 PM
3,156 Posts
Joined Jun 2016
np1050Jan 29, 2023 07:40 PM
3,156 Posts
Quote from phocean :
Is there a deadline for nj rebate?
I believe end of March you have to take delivery
1
Jan 29, 2023 07:50 PM
254 Posts
Joined Jun 2011
dilbert007Jan 29, 2023 07:50 PM
254 Posts
Quote from nil99 :
And use the 20K for gas and maintenance for the life of the car. maybe you will still be left with few thousands. Especially for folks who cant charge them at home and need to wait in lines and sit in the car till it charges. Also add the expensive insurance for teslas and poor service
And how much do you think you will be spending on electricity over the life of an EV? With expected energy price increase of upto 100-150% in next 5 years. Last I checked EV runs on E.. not on FART energy

https://jalopnik.com/driving-100-...00%20miles.
Last edited by dilbert007 January 29, 2023 at 12:54 PM.
1
Jan 29, 2023 07:58 PM
1,284 Posts
Joined Dec 2015
FishKillaJan 29, 2023 07:58 PM
1,284 Posts
Quote from turns2stone :
e

Yeah, but no one wants a Corolla. Much less two of them laugh out loud
Guess you missed the point.

It is about the lie. If the Tesla is so great, why lie about the price?

If the Corolla is so bad, why lie about the price?

Oh, and nobody wants a Corolla? They have sold over 50 MILLION of them, and just that model. The best selling car ever. But if you say so, nobody wants one.
1
Jan 29, 2023 07:59 PM
304 Posts
Joined Dec 2016
anhdongtxJan 29, 2023 07:59 PM
304 Posts
Quote from dilbert007 :
And how much do you think you will be spending on electricity over the life of an EV? With expected energy price increase of upto 100-150% in next 5 years. Last I checked EV runs on E.. not on FART energy

https://jalopnik.com/driving-100-...00%20miles.
And gasoline price is not going up?
Jan 29, 2023 08:00 PM
254 Posts
Joined Jun 2011
dilbert007Jan 29, 2023 08:00 PM
254 Posts
Quote from anhdongtx :
And gasoline price is not going up?
Not 100 - 150% pl ask someone living in "EV promise land" CA how stable is the grid... 😆
Last edited by dilbert007 January 29, 2023 at 01:05 PM.
1
Jan 29, 2023 08:03 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 29, 2023 08:03 PM
4,331 Posts
Quote from FishKilla :
Guess you missed the point.

It is about the lie. If the Tesla is so great, why lie about the price?

If the Corolla is so bad, why lie about the price?

Oh, and nobody wants a Corolla? They have sold over 50 MILLION of them, and just that model. The best selling car ever. But if you say so, nobody wants one.
I wish I had a Corolla to go through the Taco Bell drive through RIGHT NOW
Jan 29, 2023 08:04 PM
2,322 Posts
Joined Nov 2006
SCtrojanJan 29, 2023 08:04 PM
2,322 Posts
Quote from KingCoop :
Just an update for those who applied with Tower FCU. They are processing apps using first in first out (FIFO). From what I know they're working on those that applied around 1/18-1/19 at the moment. Once the eCommerce team starts working on your membership application it takes them a day or two to process the information. It helps to have already uploaded your identification (driver's license front and back) to the online portal. It does not help to call them until they reach out to you, it only ties up their customer support agents even more. Once they have reviewed and approved your membership, you will be contacted via the portal messaging to sign your membership document via DocuSign (or snail mail) and complete payment. Once these steps are complete it will be another business day to receive your membership information.

Separately, if you applied for a loan application at the same time as your membership, it will likely be approved much sooner. Once it is approved it sits in an "approved pending" state until your membership is completed. Once your membership is complete and account opened, it is recommended at this time to call in to the loan dept and let them know so they can proceed with disbursement of your funding/check.

Hope this helps both the people on this thread and Tower.
How do you sign up with them? Through donation?
What rates are they offering?

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Jan 29, 2023 08:06 PM
4,712 Posts
Joined Oct 2008
gpisterJan 29, 2023 08:06 PM
4,712 Posts
Quote from pwrdbykimchi :
According to the IRS: "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."

The IRA applies to all qualified BEV and FCV cars purchased from 2023 and 2032.

So if you take delivery of your car today, when you file your taxes in 2024, you can use your AGI from either 2022 or 2023.
Would that be last years taxes than (2022) of income of 2021 right?

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