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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.

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 31, 2023 03:17 PM
64 Posts
Joined Jan 2021
DealBozJan 31, 2023 03:17 PM
64 Posts
Any update on Harware 4 for Model y 2023 after Feb ?
Jan 31, 2023 03:18 PM
254 Posts
Joined Jun 2011
dilbert007Jan 31, 2023 03:18 PM
254 Posts
Quote from ggapropros :
The number of people that have bought teslas and flipped them a year or two later for more than their purchase price is more than any other vehicle in the history of the world due to price raises and tax credits. YMMV if youre an idiot and are bad at selling cars of course
In the history of what? The used car market surged during the pandemic not just for Tesla, Ford mavericks was flipped for 150% so was every vehicle in the market. In 2022 used car prices have crashed 30% from its peak and it is continuing this trend.. so good for number of people who flipped in 20/21 and anyone dumb duck like you who is planning to flip next year will be left with begging bowl
Pro
Jan 31, 2023 03:21 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 31, 2023 03:21 PM
396 Posts
Quote from TheKingofDeals :
Anyone else get their Tower loan approved but membership pending. I am starting to think this is some sort of scam. They received the donation and pre-approved the loan but membership department can't verify who I am ? Not buying it! I submitted the info they asked but heard from another poster her they cancelled his membership request after he sent supporting info.

Thank you for your account application with Tower. We were unable to complete the verification process with your personal information, however you have an option to proceed.
Please upload an image of the identification(s) provided in your application, front and back. Additionally, please also provide the items below:

Provide two (2) of the following that are most recent and valid:
• Social Security Card
• Passport
• Student ID
• Military ID
• Utility Bill
• Lease
• Bank Statement
• Proof of Home Ownership
After submitting above documents..They cancelled my application and said our system is unable to verify your information and due to security reasons we cant disclose to move forward..
Frown
My loan is approved from Tower and tesla too but tower couldnt verify me for membership what a joke today
Last edited by MaroonCircle6262 January 31, 2023 at 08:25 AM.
Pro
Jan 31, 2023 03:23 PM
12,663 Posts
Joined Jan 2007
MadPup
Pro
Jan 31, 2023 03:23 PM
12,663 Posts
Here's Why Tesla Car Values Have Dropped So Fast
https://www.youtube.com/watch?v=GT-9_As6qq4
Jan 31, 2023 03:28 PM
92 Posts
Joined Oct 2016
britt23kJan 31, 2023 03:28 PM
92 Posts
Quote from astr1x :
Order place 2/22 MYLR white/black no options. App still says Feb-Mar with no actual date range. Anyone else in the same boat who ordered around the same time as me?
I ordered 1/21 and initially had Jan-Mar delivery date but last week it changed to March 11-31. I ordered a white/black with tow hitch in Atlanta.
Jan 31, 2023 03:29 PM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 31, 2023 03:29 PM
3,109 Posts
Quote from DealBoz :
Any update on Harware 4 for Model y 2023 after Feb ?
I think most expect it first on the CT
Jan 31, 2023 03:31 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 31, 2023 03:31 PM
4,332 Posts
Quote from dealstapori15 :
Yes that true. But remember Tesla is not for any user who is not tech since average customers who are not in Tech still needs dashboard and also driven panel display. I have seen multiple customer recently who were struggling to understand how to neural the Tesla when they came to car wash. The traditional car manfacture will not ramp-up their production since they believe in build quality. Majority of big car do lot of quality check. Tesla is one of the best car but since they put every installation in automation not human, quality is debateable
People will adapt. You may be too young to remember when personal computers first came public. People didn't even know how to turn them off. LMAO That's not an exaggeration.
QC does appear to need help from what i read.

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Jan 31, 2023 03:32 PM
3,109 Posts
Joined Jul 2011
euuser1398928Jan 31, 2023 03:32 PM
3,109 Posts
Quote from MaroonCircle6262 :
After submitting above documents..They cancelled my application and said our system is unable to verify your information and due to security reasons we cant disclose to move forward..
Frown
My loan is approved from Tower and tesla too but tower couldnt verify me for membership what a joke today
I'm still waiting on my membership approval. Should I upload my Social Security card and two utility bills preemptively? I've followed this thread since page 1 and this is the first I've read about issues with Tower other than their speed.
Jan 31, 2023 03:33 PM
2,524 Posts
Joined Mar 2008
isekiiJan 31, 2023 03:33 PM
2,524 Posts
Anyone finance directly through Tesla ?
What was the process like ?
Jan 31, 2023 03:36 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 31, 2023 03:36 PM
4,332 Posts
Quote from pnguye70 :
I got preapproved with Penfed at 6.9% for 72 months. Tesla through Wells Fargo approved 5.34% for 72 months. My auto FICO are 730 average and 724 on Transunion which was pulled by Wells Fargo. I placed order on 1/20 for red MYLR AWD in Atlanta.

P/S: I used to have great rate with Penfed around 2.9% but it was in 2019. Rate went up after Covid.
This is EXACTLY my experience. PenFed was among the lowest back in 2019. Not now! They were so easy and quick. I wish I could go with them. But why are you going with Penfed higher rate instead of Wells Fargo's lower rate? Personally, I don't know I trust Well's.
Jan 31, 2023 03:37 PM
64 Posts
Joined Jan 2021
DealBozJan 31, 2023 03:37 PM
64 Posts
Quote from foxblur :
I think most expect it first on the CT
I see there are lot of news abt that it will be rolled out to Model Y and Model 3 too sooner in this year
Jan 31, 2023 03:39 PM
1,286 Posts
Joined Jan 2008
mankuJan 31, 2023 03:39 PM
1,286 Posts
People were saying the same thing (actually more were) when TSLA was at $350.

Take 30K, buy TSLA at $350, take short, or long term, loss.

Buy a used Corolla!

Maybe you'll have enough left over for a tank of gas...
Jan 31, 2023 03:41 PM
156 Posts
Joined Apr 2013
RevanriviaJan 31, 2023 03:41 PM
156 Posts
Quote from MaroonCircle6262 :
After submitting above documents..They cancelled my application and said our system is unable to verify your information and due to security reasons we cant disclose to move forward..
Frown
My loan is approved from Tower and tesla too but tower couldnt verify me for membership what a joke today
I was about to to refinance through Tower but seems like it would involve a lot of jumping through hoops.
Jan 31, 2023 03:42 PM
4,331 Posts
Joined Feb 2010
turns2stoneJan 31, 2023 03:42 PM
4,331 Posts
Quote from isekii :
Anyone finance directly through Tesla ?
What was the process like ?
I don't think Tesla is the actual lender. When you start the process through the app, they eventually direct you to a partner lender. The first time I did it, was Alliant CU. The next time was Wells Fargo. It all goes through the Tesla app. It's always been smooth for me.

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Jan 31, 2023 03:42 PM
1,433 Posts
Joined Oct 2017
techie_reviewJan 31, 2023 03:42 PM
1,433 Posts
Quote from isekii :
Anyone finance directly through Tesla ?
What was the process like ?
Super easy, i got my approval for the loan within 10 mins of approving at 5.34% yes its high but i can always refinance with other auto loan like tower after ... just seemed easier to do it with tesla first

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