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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 2,617,592 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 03, 2023 01:30 PM
290 Posts
Joined May 2006
2NeolinuxFeb 03, 2023 01:30 PM
290 Posts
Quote from Slayer.I.Am :
What bank is this in NJ? Thanks !
Quote from spyderdsm :
Which local NJ bank did you use?
Quote from bard8910 :
Can you tell me which local bank


United Teletech Financial Federal Credit Union
https://www.utfinancial.org/rates/

Booked online appt. for in person Branch visit
Went to branch in a couple of days and was out in under 40 minutes with approval
Loan officer had stack of Tesla loan applications from word of mouth referrals

They have same day approval so be mindful when you apply (valid for 30 days), then have to reapply which dings credit a bit

For those that are not in NJ, their website allows you to apply online but not sure of the process as I applied in a local Branch

Good Luck
Feb 03, 2023 01:51 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 03, 2023 01:51 PM
3,419 Posts
Quote from bugelrex :
Careful about back transfers if banks are closed
Good heads up, Tesla wants everything in place before you show. Like if CU loan is through it will be done prior to the 20th. You can also initiate the ACH ahead of time though I was thinking to bring a cashiers check.
Feb 03, 2023 02:14 PM
7,494 Posts
Joined Jan 2009
MrDeaalsFeb 03, 2023 02:14 PM
7,494 Posts
Did anyone from IL apply for this rebate ?

https://www2.illinois.gov/epa/top...bates.aspx
Feb 03, 2023 02:29 PM
175 Posts
Joined Nov 2005
illaFeb 03, 2023 02:29 PM
175 Posts
Quote from MrDeaals :
Did anyone from IL apply for this rebate ?

https://www2.illinois.gov/epa/top...bates.aspx
yes, with Zero transparency never got anything, don't expect too much unless you are low income
Pro
Feb 03, 2023 02:30 PM
4,927 Posts
Joined May 2006
chazjr
Pro
Feb 03, 2023 02:30 PM
4,927 Posts
Tesla 'spontaneously' catches fire on California highway; 6,000 gallons of water needed to put it out..
https://www.msn.com/en-us/news/us...r-AA16Wjo7
2
Feb 03, 2023 02:55 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 03, 2023 02:55 PM
3,109 Posts
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Feb 03, 2023 03:01 PM
1,433 Posts
Joined Oct 2017
techie_reviewFeb 03, 2023 03:01 PM
1,433 Posts
Quote from foxblur :
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Thank you do you know if the cruise control will match the vehicle ahead .... so lets say the car in front of you brakes will the auto pilot recognize that and slow down or you have to manually cancel autopilot ?


If im not wrong i believe that is called adaptive cruise control

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Feb 03, 2023 03:09 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Feb 03, 2023 03:09 PM
4,025 Posts
Quote from techie_review :
Thank you do you know if the cruise control will match the vehicle ahead .... so lets say the car in front of you brakes will the auto pilot recognize that and slow down or you have to manually cancel autopilot ?


If im not wrong i believe that is called adaptive cruise control
It should be similar to Adaptive Cruise Control plus Lane Keep Assist found in most other vehicles.

What you are referring to, is old school cruise control, where you need to manually brake/cancel.
Feb 03, 2023 03:12 PM
18 Posts
Joined Feb 2020
hoosieraryFeb 03, 2023 03:12 PM
18 Posts
Quote from dohmahmigh :
thanks but that's only $10k/yr. where else to put the remaining $50k?
Depending on your family size you may be able to take advantage of the full amount through gifting bonds to your spouse/children. And also have your spouse purchase $10k plus 10k back to you as a gift.
Feb 03, 2023 03:15 PM
47 Posts
Joined Jun 2016
RobinM6284Feb 03, 2023 03:15 PM
47 Posts
Quote from foxblur :
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Yes. And will auto steer around curves. And as long as there is a car in front of you it will stop when that car stops. And go when the car goes. But it does not recognise red lights or stop signs. That is only on FSD which is 15k
Feb 03, 2023 03:21 PM
1,433 Posts
Joined Oct 2017
techie_reviewFeb 03, 2023 03:21 PM
1,433 Posts
Quote from skinnywallet42 :
It should be similar to Adaptive Cruise Control plus Lane Keep Assist found in most other vehicles.

What you are referring to, is old school cruise control, where you need to manually brake/cancel.
ohhh it might be old for todays terms ahahah

so my MDX has adaptive cruise control so lets say you are on the highway and you start cruise control and lane assist. the car will continue to go at 75MPH and keep a 3 car distance from the car in front of me ... but lets say the car in front of me brakes my mdx will recognize that and break as well to help maintain that 3 car gap ... sorry if that doesn't make sense but i will watch few videos on youtube to figure it out.
Feb 03, 2023 03:26 PM
869 Posts
Joined Apr 2010
KingCoopFeb 03, 2023 03:26 PM
869 Posts
Quote from foxblur :
Anyone post recent Tesla app finance rates?
5.34% but that may rise soon with the recent 0.25% uptick from the Fed
Feb 03, 2023 03:29 PM
1,835 Posts
Joined Jun 2009
dbernie41Feb 03, 2023 03:29 PM
1,835 Posts
I see on Tesla's website it says that Until March 2023 certain Model Y's apply for the $7,500 credit. This ends in March???
Feb 03, 2023 03:29 PM
1,015 Posts
Joined Mar 2019
CycloneFWFeb 03, 2023 03:29 PM
1,015 Posts
Prepare for another influx of orders given that the IRS retroactively made all Model Ys have a $80k limit.

https://www.irs.gov/credits-deduc...3-or-after
1

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Feb 03, 2023 03:34 PM
162 Posts
Joined Jan 2008
8803809Feb 03, 2023 03:34 PM
162 Posts
Quote from CycloneFW :
Prepare for another influx of orders given that the IRS retroactively made all Model Ys have a $80k limit.

https://www.irs.gov/credits-deduc...3-or-after

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