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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 2,618,314 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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Feb 01, 2023 08:39 PM
509 Posts
Joined May 2018
vndragonslayerFeb 01, 2023 08:39 PM
509 Posts
Quote from norcal007 :
Reddit disagrees as people are getting quotes that are higher. Add in homeowners insurance premium goes up after a solar install.
adding in a 2023 civic to replace a 96 civic also increase in insurance premium.. its not rocket science to understand that adding new coverage for more expensive car results in higher insurance cost
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Feb 01, 2023 08:44 PM
509 Posts
Joined May 2018
vndragonslayerFeb 01, 2023 08:44 PM
509 Posts
Quote from Legosandmcgrew :
Until a corner appears. The BMW has an actual interior and good build quality too. Go on, though.

Point still stands. Why not call it something unique so everyone knows what we're talking about?
nothing unique about a 80k gas guzzler that loses to a 47k performance ev. that 80k m3 has the same interior build quality as the same budgetted bmw base 3. are you saying you like to spend an extra 40k to flex the plastic m3 badge instead?
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Feb 01, 2023 08:51 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 08:51 PM
3,419 Posts
Quote from techie_review :
its still a guessing game, march 1 or march 31 or will extend ? who knows ? papa elon will take care of us or screw us lol
Musk won't help the tax credit has nothing to do with him. He didn't help the suckers who bought December 2022 when they offered 7500 discount before the huge price decrease stacked with tax credit happened in Jan 2023, weeks apart. Just glad I waited 😂 those guys will end up paying something like $17k+ more than people in this deal.
Feb 01, 2023 09:00 PM
4,331 Posts
Joined Feb 2010
turns2stoneFeb 01, 2023 09:00 PM
4,331 Posts
Quote from techie_review :
I would challenge that ... to first use the creep mode, like the first week or 2 if you are coming from a gas car then gradually yes move into the "hold" mode.
My concern with that approach, you never end up changing after 2 weeks. Best just to rip the band-aid off when it all feels new and your brain is in 're-wire' mode.
Feb 01, 2023 09:09 PM
156 Posts
Joined Apr 2013
RevanriviaFeb 01, 2023 09:09 PM
156 Posts
Quote from hoosierary :
Tower gets major brownie points from me. My loan processor was scheduled to be out of the office the remainder of the week for a funeral, but he calls me today and finishes up the funding process for delivery of my MYLR on Friday. If he hadn't have done this I would have had to pay cash and then go through a re-finance process.
Nice. I'm trying to convert to a refinance. If only I could get a hold of someone by phone.
Feb 01, 2023 09:11 PM
1,433 Posts
Joined Oct 2017
techie_reviewFeb 01, 2023 09:11 PM
1,433 Posts
Quote from TheKingofDeals :
Musk won't help the tax credit has nothing to do with him. He didn't help the suckers who bought December 2022 when they offered 7500 discount before the huge price decrease stacked with tax credit happened in Jan 2023, weeks apart. Just glad I waited 😂 those guys will end up paying something like $17k+ more than people in this deal.
OMG same here i am glad i waited too, my wife and i went to look at a used tesla for $45K with 40,000 miles on it this was dec 2022. so we were going to pull the trigger when i had a GUT feeling that we will wait and see if the prices drop and 2 weeks later BOOM prices dropped.

yeah i have an neighbor who bought the car in Dec 2022 and he is PISSED ahahha ... i am still pending my VIN ordered 01/17 so lets see MYLR base white and black interior no upgrades
Feb 01, 2023 09:27 PM
617 Posts
Joined Oct 2014
caymeraFeb 01, 2023 09:27 PM
617 Posts
Checked with Tesla, they dont collect Social security/Tax ID as required by IRS to report back for the tax credit. They claimed they checked with their Legal team and there's no process to gather such information. Not sure if Tesla is screwing up but if so then its applicable to lot of folks who are doing third party loan or paying cash.

They may be able to get information for people who used Tesla loan I guess since that data is captured on their side.

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Feb 01, 2023 09:28 PM
976 Posts
Joined May 2009

This comment has been rated as unhelpful by Slickdeals users.

Feb 01, 2023 09:31 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 09:31 PM
3,419 Posts
Quote from vndragonslayer :
the positive thing about replacement cost add on coverage is that it protect you in market situation where cost increases.. so like u bought car for 42k in 2020 and in 2022 it cost 70k.. theyll eat up the 70k to get you a tesla replacement should your tesla gets totalled..
Seems like for the extra $100 for the year a no brainier to add it.
Feb 01, 2023 09:33 PM
1,290 Posts
Joined May 2006
FatFreddieFeb 01, 2023 09:33 PM
1,290 Posts
Quote from IndiaPaleAle :
My homeowners didn't go up after solar. Increasing coverage is your own prerogative depending on how much you think it will cost to rebuild. I'd rather go low than go high especially because it directly impacts CEA rate.
Yeah, he's a wealth of misinformation
1
Feb 01, 2023 09:54 PM
304 Posts
Joined Dec 2016
anhdongtxFeb 01, 2023 09:54 PM
304 Posts
Quote from protox :
This car is soulless and crap. Picked up my Model Y last night and I must say, I'd prefer a Corolla. Sure it's fast but nowhere near fun to drive at all. Save your money and buy a golf cart that's what this basically is.
No you didn't pick up anything lol
1
Feb 01, 2023 10:03 PM
4,081 Posts
Joined May 2004
abadanFeb 01, 2023 10:03 PM
4,081 Posts
Quote from protox :
This car is soulless and crap. Picked up my Model Y last night and I must say, I'd prefer a Corolla. Sure it's fast but nowhere near fun to drive at all. Save your money and buy a golf cart that's what this basically is.
Return it and get an electric bike for about $700, golf cart not a bad idea either!
Feb 01, 2023 10:31 PM
34 Posts
Joined Dec 2010
hecterFeb 01, 2023 10:31 PM
34 Posts
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
Feb 01, 2023 10:35 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Feb 01, 2023 10:35 PM
4,025 Posts
Quote from hecter :
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
You should ask your tax professional/CPA. Or your tax software. I'd trust them more than most the folks here. This thread is 50% assumptions or incorrect info.

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Feb 01, 2023 10:41 PM
957 Posts
Joined Nov 2013
mtx1212Feb 01, 2023 10:41 PM
957 Posts
Quote from hecter :
Anyone buying Model Y under the business? Wonder if we still qualify for $7500 tax credit on top of business write off???

asking for a friend..
Beginning January 1, 2023, a tax credit will be available to businesses for the purchase of new EVs and FCEVs. Vehicles with a gross vehicle weight rating (GVWR) below 14,000 pounds (lbs.) must have a battery capacity of at least seven kilowatt-hours (kWh) and vehicles with a GVWR above 14,000 lbs. must have a battery capacity of at least 15 kWh. The tax credit amount is equal to the lesser of the following amounts:
15% of the vehicle purchase price for plug-in hybrid electric vehicles
30% of the vehicle purchase price for EVs and FCEVs
The incremental cost of the vehicle compared to an equivalent internal combustion engine vehicle
Maximum tax credits may not exceed $7,500 for vehicles under 14,000 lbs. and $40,000 for vehicles above 14,000 lbs. Businesses may not combine this tax credit with the Clean Vehicle Tax Credit.

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