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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.

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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 10:50 PM
2,138 Posts
Joined Sep 2022
norcal007Feb 01, 2023 10:50 PM
2,138 Posts
Quote from FatFreddie :
Yeah, he's a wealth of misinformation
Here you go: https://www.firstcoastnews.com/ar...f37bb1e2a5
2
Feb 01, 2023 10:55 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 01, 2023 10:55 PM
3,109 Posts
Quote from TheKingofDeals :
Referred means they have not looked at the membership application.
For me the Loan application approved first. Loan can not be funded without Membership. I had to upload some Docs and notarized POA. The membership took the longest from 18th to 31st. That is 9 business days it took them to even look at my membership request. My delivery is little over 2 weeks out hoping they can fund it in that time but no response from Loan people yet.
I don't think they're going to workout for me. Membership applied for on 1/29. Loan approved other than membership. I called them today and they refused to expedite my membership. I even preemptively uploaded drivers license, ssn card and utility bill. I'm supposed to take delivery 2/8/23.
Feb 01, 2023 11:04 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 11:04 PM
3,419 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.
Once I take delivery on my Tesla I was planning on getting quotes for Solar at my home. With the 30% tax incentive I was hoping the net metering would help get me break even on sooner than later. Any thoughts on researching this? What am I looking at cost wise? I wanted to get a battery pack also that stores and provides power to the home should the electricity go out. The longest its been out has been 3 hours once when someone careless hit an electric pole near our neighborhood. Before that its been very short periods and rare outages. I am anticipating 20K plus 10K for the battery is this on par ? I am guessing it varies on location also.
Feb 01, 2023 11:06 PM
1,595 Posts
Joined Nov 2006
sidewinder33625Feb 01, 2023 11:06 PM
1,595 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.
lol no one spends north of 50k then calls it a crap..if anything they try to justify any shortcomings. just sour grapes. then again, if you did it just proves your ineptitude in purchasing a car.
Feb 01, 2023 11:07 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 11:07 PM
3,419 Posts
Quote from norcal007 :
Here you go: https://www.firstcoastnews.com/ar...f37bb1e2a5
The article seems to only apply to solar panels installed in Florida.
Feb 01, 2023 11:08 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 11:08 PM
3,419 Posts
Quote from foxblur :
I don't think they're going to workout for me. Membership applied for on 1/29. Loan approved other than membership. I called them today and they refused to expedite my membership. I even preemptively uploaded drivers license, ssn card and utility bill. I'm supposed to take delivery 2/8/23.
Yep, good luck they are very slow and I am nervous with all the approvals in place and 2 weeks ahead of me.
Best bet will be finance with someone else and tell them you will refinance with them if you want that lower rate.
Feb 01, 2023 11:10 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 01, 2023 11:10 PM
3,109 Posts
Quote from Beechos :
Im in nyc went from 1600/6months to 3200
I'm in Indy. Mine went from 254/6mo to 715/6mo with progressive. I switched to Costco which has me at 504/6mo 300k/100k 500 deductible with rental car coverage. I expected it to go up due to the vehicle value essentially doubling, but I didn't expect triple the price.

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Feb 01, 2023 11:12 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 01, 2023 11:12 PM
3,109 Posts
Quote from TheKingofDeals :
Yep, good luck they are very slow and I am nervous with all the approvals in place and 2 weeks ahead of me.
Best bet will be finance with someone else and tell them you will refinance with them if you want that lower rate.
Yeah, it's unfortunate. I'm gonna try and call them tomorrow lol and maybe get someone with some more sense. Their loan processor has done all this work possibly for nothing if they don't just approve my membership.
Feb 01, 2023 11:12 PM
34 Posts
Joined Dec 2010
hecterFeb 01, 2023 11:12 PM
34 Posts
Quote from TheKingofDeals :
Once I take delivery on my Tesla I was planning on getting quotes for Solar at my home. With the 30% tax incentive I was hoping the net metering would help get me break even on sooner than later. Any thoughts on researching this? What am I looking at cost wise? I wanted to get a battery pack also that stores and provides power to the home should the electricity go out. The longest its been out has been 3 hours once when someone careless hit an electric pole near our neighborhood. Before that its been very short periods and rare outages. I am anticipating 20K plus 10K for the battery is this on par ? I am guessing it varies on location also.
Tesla Solar offers lowest rates that I know of: $2.00 ppw (price per watt)

Non-tesla will go as low as $2.50 ppw, if you really push them. (depending on the area)

Having battery or not is really a personal choice, but short and rare outages doesn't justify $10k/battery pack price tag (Even with 30% credit). You can always add on batter pack down the line, when the cost of material/supply chain issues goes in customer's favor. 30% federal credit is staying for at least a decade (per current guidelines), so you are safe there too!
Feb 01, 2023 11:16 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 01, 2023 11:16 PM
3,419 Posts
Quote from hecter :
Tesla Solar offers lowest rates that I know of: $2.00 ppw (price per watt)

Non-tesla will go as low as $2.50 ppw, if you really push them. (depending on the area)

Having battery or not is really a personal choice, but short and rare outages doesn't justify $10k/battery pack price tag (Even with 30% credit). You can always add on batter pack down the line, when the cost of material/supply chain issues goes in customer's favor. 30% federal credit is staying for at least a decade (per current guidelines), so you are safe there too!
The simple fact of not having power when I need to work from home bothered me a lot. My time is valuable the local power company cares less to fix the issues quickly.
I plan on getting a few quotes and comparing them. Any downside to Tesla solar vs the others? Warranty, longevity etc? Looks like I have quite a bit research ahead.
I am guessing I can get Tesla solar quote directly from Tesla ?
Last edited by TheKingofDeals February 1, 2023 at 04:19 PM.
Feb 01, 2023 11:45 PM
1,290 Posts
Joined May 2006
FatFreddieFeb 01, 2023 11:45 PM
1,290 Posts
Quote from TheKingofDeals :
The simple fact of not having power when I need to work from home bothered me a lot. My time is valuable the local power company cares less to fix the issues quickly.
I plan on getting a few quotes and comparing them. Any downside to Tesla solar vs the others? Warranty, longevity etc? Looks like I have quite a bit research ahead.
I am guessing I can get Tesla solar quote directly from Tesla ?
I got 4 quotes, Tesla being one. You can set up up a virtual appointment on their website. After the appointment you put down a $250 deposit for a design that comes in about a week. You get your deposit back if you don't sign off on the design, or at any time prior. Their quote was the cheapest by about 20%, but I went with a local company that is highly regarded and been around for many years. I'm not sure about who Tesla uses for installation or who they use for any service/warranty issues.

If you're in California, get moving pronto. Need to have a contract signed and paperwork filed by Apr 13 to be grandfathered into the current energy buyback rates.

I'm holding off on battery, expecting better prices and/or more efficient choices in the next year or two.
Last edited by FatFreddie February 1, 2023 at 05:03 PM.
Feb 01, 2023 11:45 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Feb 01, 2023 11:45 PM
3,694 Posts
Quote from hecter :
Tesla Solar offers lowest rates that I know of: $2.00 ppw (price per watt)

Non-tesla will go as low as $2.50 ppw, if you really push them. (depending on the area)

Having battery or not is really a personal choice, but short and rare outages doesn't justify $10k/battery pack price tag (Even with 30% credit). You can always add on batter pack down the line, when the cost of material/supply chain issues goes in customer's favor. 30% federal credit is staying for at least a decade (per current guidelines), so you are safe there too!
What you said 100%.

I gotta pretty good Enphase/Panasonic deal in 2019. Back then Tesla was still using those junk string inverters & questionable installers.
Feb 02, 2023 12:00 AM
108 Posts
Joined Dec 2015
Ganga1985Feb 02, 2023 12:00 AM
108 Posts
Quote from TheKingofDeals :
Once I take delivery on my Tesla I was planning on getting quotes for Solar at my home. With the 30% tax incentive I was hoping the net metering would help get me break even on sooner than later. Any thoughts on researching this? What am I looking at cost wise? I wanted to get a battery pack also that stores and provides power to the home should the electricity go out. The longest its been out has been 3 hours once when someone careless hit an electric pole near our neighborhood. Before that its been very short periods and rare outages. I am anticipating 20K plus 10K for the battery is this on par ? I am guessing it varies on location also.
1 powerwall is just 13.5 kw, and it cannot support any 30A appliances (oven, washer/dryer, hvac..), you would need 2-3 powerwalls to support these appliances

13.5kw is not a huge backup.. avg daily power consumption in US is nearly 30kwh per day.. so you are roughly looking at 12hrs backup per powerwall for non 30A appliances

I got tesla panels in 2021 when there is powerwall mandatory.. i literally never use it

Tesla themselves installs the panels and powerwall, haven't had issue to reach out to service yet. so far very happy with purchase. Also tesla panels are one of the highest capacity panels available in market.. currently i think tesla is installing 480w panels (i got 425w panels in 2021). None of the documentation shows panel manufacturer.. Tesla says they take care of warranty issues
Last edited by Ganga1985 February 1, 2023 at 05:04 PM.
Feb 02, 2023 12:07 AM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Feb 02, 2023 12:07 AM
3,694 Posts
Quote from norcal007 :
Here you go: https://www.firstcoastnews.com/ar...f37bb1e2a5
Sounds like some unquantified number of caveman FL mom & pop insurers are canceling HO policies with solar because of urban legends. What does that have to do with your previous comment?
1

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Feb 02, 2023 01:43 AM
869 Posts
Joined Apr 2010
KingCoopFeb 02, 2023 01:43 AM
869 Posts
Quote from foxblur :
I don't think they're going to workout for me. Membership applied for on 1/29. Loan approved other than membership. I called them today and they refused to expedite my membership. I even preemptively uploaded drivers license, ssn card and utility bill. I'm supposed to take delivery 2/8/23.
Yeah it's likely you won't get that in time. I signed up on 1/17 and wasn't cleared for funding to be disbursed until 1/31. And that was slightly before the mass influx they received last week, That also included me calling to speak with my loan officer directly using their extension (which many aren't answering right now given the overload). Once the money is disbursed a check can be overnighted.

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