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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 2,618,966 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.

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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 08:58 PM
249 Posts
Joined May 2012
BelaSJan 29, 2023 08:58 PM
249 Posts
Quote from huge :
Asking for a friend that qualifies for the rebates.

If someone is looking for a car in the $50-60k range, what's the best Option?
What is your friend looking for specifically? Kind of hard to give a "best" option.

They can choose any configuration of a model 3, a long range model y 5 or 7 seater. Of the two cars (3, y) eligible, only the MY performance is not eligible. But again, depends on what they want.

If they're thinking of a model 3, I'd suggest looking at teslas own used inventory. That has come down in price a good bit. Used Y seems to not be much of a savings over new plus tax credit yet.
Jan 29, 2023 09:02 PM
254 Posts
Joined Jun 2011
dilbert007Jan 29, 2023 09:02 PM
254 Posts
Quote from norcal007 :
Here in California the PUC (public utilities comission) voted 5 to zip to basically kill the solar industry with them allowing PGE to give back the money/credit back to customers at a greatly reduced rate. Rate is taking effect in April will mean a 75% reduction for homeowners. They are trying to force battery storage on homeowners and those storage batteries run from $15,000-$20,000 up. Our grid is in trouble now and getting worse. One full charge of a Tesla is equal to two households using 2-3 days of electricity. This ruling greatly reduces people from adding solar to help recoup their cost of solar. Our governor on down has no clue how to fix this preventable mess.
.https://www.cnbc.com/2022/12/15/c...wners.html
Yep, the saddest part of this deal is dragging folks who are not ready economic EV leap. If they were That EV savvy they didn't need the 7.5k loophole push.
EV operational cost is substantially high and it's only going to get worse with limited resources and increasing Electricity demand. Tesla's " potential savings" nonsense it's just a marketing gimmick nothing more to put it lightly. I am glad they are getting knocked down.. forcing them to rethink their market delivery
Jan 29, 2023 09:02 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 29, 2023 09:02 PM
4,331 Posts
Quote from Invalid111 :
Those with recent delivery of Model Y LR, can you confirm the car has sonar radar USS and matrix headlights?
There's no such thing as 'sonar radar USS'. Any new Model Y since about 11/22 build will not have the USS sensors.

Matrix headlights are hit-or-miss. Austin builds seem to have the least chance of getting them.
Jan 29, 2023 09:04 PM
730 Posts
Joined Dec 2014
JellyBellyMDJan 29, 2023 09:04 PM
730 Posts
Quote from dilbert007 :
Yep, the saddest part of this deal is dragging folks who are not ready economic EV leap. If they were That EV savvy they didn't need the 7.5k loophole push.
EV operational cost is substantially high and it's only going to get worse with limited resources and increasing Electricity demand. Tesla's " potential savings" nonsense it's just a marketing gimmick nothing more to put it lightly. I am glad they are getting knocked down.. forcing them to rethink their market delivery
Wait till they have to replace the tires....might be a good time to trade it in. And a good time to get that wheel rash taken care of.
Jan 29, 2023 09:08 PM
304 Posts
Joined Dec 2016
anhdongtxJan 29, 2023 09:08 PM
304 Posts
Quote from FishKilla :
Tell me you never drove a real performance car without telling me you never drove a real performance car. LMAOLMAOLMAO
I am asking the performance between a Corolla and a Tesla since you want to compare the price

I don't know performance but I know the difference between the 2 lmfao

You accuse people lying but you are a fraud yourself
1
Jan 29, 2023 09:10 PM
730 Posts
Joined Dec 2014
JellyBellyMDJan 29, 2023 09:10 PM
730 Posts
I never realized how much of a threat a Corolla is to Tesla until this thread.
1
Jan 29, 2023 09:33 PM
254 Posts
Joined Jun 2011
dilbert007Jan 29, 2023 09:33 PM
254 Posts
Quote from JellyBellyMD :
I never realized how much of a threat a Corolla is to Tesla until this thread.
Absolutely, PHeV changes are making Tesla shitzy in their planning rooms.. PHeV and BeVs were a joke until 2022.. Now they are very much part of the conversation for next 10 years minimum
1

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Jan 29, 2023 11:06 PM
57 Posts
Joined Aug 2017
nil99Jan 29, 2023 11:06 PM
57 Posts
Quote from BelaS :
What is your friend looking for specifically? Kind of hard to give a "best" option.

They can choose any configuration of a model 3, a long range model y 5 or 7 seater. Of the two cars (3, y) eligible, only the MY performance is not eligible. But again, depends on what they want.

If they're thinking of a model 3, I'd suggest looking at teslas own used inventory. That has come down in price a good bit. Used Y seems to not be much of a savings over new plus tax credit yet.
If they drop below 25k then eligible for tax credit.
https://www.irs.gov/credits-deduc...cle-credit
Jan 29, 2023 11:22 PM
1,719 Posts
Joined Mar 2006
ilikeallofuJan 29, 2023 11:22 PM
1,719 Posts
I jumped on this deal when i saw it and got MYLR… i see so many arguments here pro/con… its good to get positive and negative feedback so buyers can make their decision… that's why i like SD cuz many times I don't know and make decision based on feedback here… but try to stay on the subject.

I know some are nitpicking on USS, matrix light and all that stuff… does it really matter, if so then wait till Tesla has it to buy… in 2 weeks we've had it, i enjoy the car… my other car is Lexus GX460 and that's a gas guzzler plus it needs the premium fuel… compare to that, driving Tesla costs me nothing based on what i see in the last 2 weeks charging and driving it… I wouldn't consider Tesla luxury car but its fun to drive and to me, it'll be a significant cost savings and will be driving less of GX460… to each their own as we all are in different situation, but there's no point in arguing… just move on and keep the thread with helpful comments so buyers become informed.
Jan 29, 2023 11:24 PM
1,022 Posts
Joined Jan 2009
phoceanJan 29, 2023 11:24 PM
1,022 Posts
I ordered, but I'm not sure if I should take the delivery.

My 2014 MDX with 150k miles starts to show its age. But I have driven very little since I started working from home so that it can probably hold a few years more. I don't qualify tax credit but NJ has $2k rebate.

I could wait another couple years to take another make of car when other makes offer 300+mile range and better charging network. My primary complain about model Y/3 is the ride quality and single screen on the center console after riding coworkers' many times.

Any suggestions?

For NJ drivers, model 3 rwd is no doubt a better choice than Corolla. $44k - $11.5 k = $32.5k, not much more expensive than a fully loaded Corolla.
Jan 29, 2023 11:25 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 29, 2023 11:25 PM
532 Posts
Quote from JellyBellyMD :
I never realized how much of a threat a Corolla is to Tesla until this thread.
Haha people don't cross shop BMW, Audi, Mercedes with Corolla? Who knew!

''honey, before we decide on X3 vs Q5 vs GLC, we must stop by checking out Corolla first!'
— says no one ever.
1
Jan 29, 2023 11:37 PM
1,015 Posts
Joined Mar 2019
CycloneFWJan 29, 2023 11:37 PM
1,015 Posts
Quote from phocean :
I ordered, but I'm not sure if I should take the delivery.

My 2014 MDX with 150k miles starts to show its age. But I have driven very little since I started working from home so that it can probably hold a few years more. I don't qualify tax credit but NJ has $2k rebate.

I could wait another couple years to take another make of car when other makes offer 300+mile range and better charging network. My primary complain about model Y/3 is the ride quality and single screen on the center console after riding coworkers' many times.

Any suggestions?

For NJ drivers, model 3 rwd is no doubt a better choice than Corolla. $44k - $11.5 k = $32.5k, not much more expensive than a fully loaded Corolla.
If you don't qualify for the fed tax credit AND you don't need a car/feel your existing one can do well for another two years, then I wouldn't rush on this.

While I don't foresee any major price drop from Tesla, I can imagine them dropping the price $3,750 if they won't qualify under whatever the battery materials guidance is.

Meanwhile, you are just gambling the $2k. So even if Tesla doesn't change prices, you can see what comes up through the year and still get a Tesla for about the same cost if you so decide.
Jan 29, 2023 11:37 PM
1,022 Posts
Joined Jan 2009
phoceanJan 29, 2023 11:37 PM
1,022 Posts
Quote from ilikeallofu :
I jumped on this deal when i saw it and got MYLR… i see so many arguments here pro/con… its good to get positive and negative feedback so buyers can make their decision… that's why i like SD cuz many times I don't know and make decision based on feedback here… but try to stay on the subject.

I know some are nitpicking on USS, matrix light and all that stuff… does it really matter, if so then wait till Tesla has it to buy… in 2 weeks we've had it, i enjoy the car… my other car is Lexus GX460 and that's a gas guzzler plus it needs the premium fuel… compare to that, driving Tesla costs me nothing based on what i see in the last 2 weeks charging and driving it… I wouldn't consider Tesla luxury car but its fun to drive and to me, it'll be a significant cost savings and will be driving less of GX460… to each their own as we all are in different situation, but there's no point in arguing… just move on and keep the thread with helpful comments so buyers become informed.
I guess I am really a cheap ass. I have been giving my 2014 MDX regular fuel from day 1 to now with 150K miles and never got an engine/fuel system issue.

But I think MDX is different as it is basically reskined Pilot.
Jan 29, 2023 11:38 PM
315 Posts
Joined Sep 2007
OstrykerJan 29, 2023 11:38 PM
315 Posts
I took delivery of the RWD Model 3. It was a fairly smooth process despite the store being quite busy on a Saturday afternoon. Mine is a Fremont build (as expected since it is a Model 3), and it came wit Matrix headlights, which are quite unique since they allow the driver to change the beam elevation in the control panel. Car has excellent build quality with no obvious paint, panel gap or any other related issues. They opened the car upon request before accepting delivery of the vehicle so that we can also inspect the inside of the car. I was informed by the Tesla SA that I have 48 hours from the time of delivery acceptance to report any issues in the app.

I drove it back two hours and didn't notice any rattles or creaking. I am pretty happy thus far and do expect to keep the vehicle for a while.

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Jan 29, 2023 11:46 PM
532 Posts
Joined Nov 2007
pugxiwawaJan 29, 2023 11:46 PM
532 Posts
Quote from phocean :
I ordered, but I'm not sure if I should take the delivery.

My 2014 MDX with 150k miles starts to show its age. But I have driven very little since I started working from home so that it can probably hold a few years more. I don't qualify tax credit but NJ has $2k rebate.

I could wait another couple years to take another make of car when other makes offer 300+mile range and better charging network. My primary complain about model Y/3 is the ride quality and single screen on the center console after riding coworkers' many times.

Any suggestions?

For NJ drivers, model 3 rwd is no doubt a better choice than Corolla. $44k - $11.5 k = $32.5k, not much more expensive than a fully loaded Corolla.
If you don't drive much just don't take it, no point adding additional expense.

For NJ drivers saving is even more, don't forget full sales tax on Corolla vs $0 for Model 3. That's additional almost 2k extra for going with Corolla. Not sure why anyone would pick Corolla here in NJ.

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