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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 2,617,198 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 03:57 PM
162 Posts
Joined Jan 2008
8803809Feb 03, 2023 03:57 PM
162 Posts
Quote from beta. :
Wait so let me get this straight. if I order a Model Y Performance with black paint and white interior... the total approximate is $61k... this still qualifies for the $7500 federal credit???

yes if you can get it by March. I would just pick one closer in the inventory bank....
Feb 03, 2023 03:57 PM
4,331 Posts
Joined Feb 2010
turns2stoneFeb 03, 2023 03:57 PM
4,331 Posts
Quote from beta. :
Wait so let me get this straight. if I order a Model Y Performance with black paint and white interior... the total approximate is $61k... this still qualifies for the $7500 federal credit???
Yepper.
Feb 03, 2023 04:01 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 03, 2023 04:01 PM
3,419 Posts
Should we be worried at locking interest rate at Tower CU or GCCU with recent fed rate hike ? Thinking they may raise it ?
Feb 03, 2023 04:01 PM
13,018 Posts
Joined Nov 2008
575riderFeb 03, 2023 04:01 PM
13,018 Posts
Anyone ordering performance? Tesla's site has not been updated to confirm it qualifies.
Feb 03, 2023 04:02 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Feb 03, 2023 04:02 PM
4,025 Posts
Quote from techie_review :
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.
Yes, that's exactly how it works. I had similar tech in my Volvo XC90 w/ Pilot Assist 2. It combines LKA and ACC into a single system. You set your speed and distance, and the car brakes as needed if traffic slows, and speeds back up, to the max of the speed you set. The car stays centered in your lane as best as possible, and also moves over if a car veers into your lane. Curves worked relatively well too, but sweeping curves would sometimes be can issue. And as someone else stated, it does not stop at lights or signs.

That was my Volvo, but I believe Tesla AP is similar. You'd need the upgraded FSD or Enhanced AP to get additional features.
Feb 03, 2023 04:04 PM
639 Posts
Joined Oct 2007
slickdealer_123Feb 03, 2023 04:04 PM
639 Posts
what are the next steps for these since vin is not assigned.
Purchased order, including VIN.
Original Notarized Specific Power of Attorney signed by all proposed title holders.
Proof of insurance for vehicle : Insurance provider Name and Policy Number.
Verification of Identity: Copy of Permanent Resident card.
Financed amount cannot exceed 125% loan to value.
Membership Verification: Complete membership requirements (membership application, copy of ID, etc.).
Feb 03, 2023 04:06 PM
96 Posts
Joined Aug 2009
hippagunFeb 03, 2023 04:06 PM
96 Posts
Quote from ckarthikeyantoo :
Tower CFU says Citizen or perm resident. does that mean immigrants are not eligible? Any experience? I am on h1b visa if it matters
Hey , I am in similar boat . Did you apply or qualify ? What did you find out ?

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Feb 03, 2023 04:09 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Feb 03, 2023 04:09 PM
4,025 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
Wow, that's interesting news. And has yet to be reported by the large EV blogs. I would have ordered the Model Y Performance. Oh well, I don't really need it. Great news for others who can find existing inventory though.
Feb 03, 2023 04:21 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 03, 2023 04:21 PM
3,109 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.
Yes that's what I was looking for. So it will adaptive cruise control even on streets, not just highways
Feb 03, 2023 04:27 PM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 03, 2023 04:27 PM
3,109 Posts
Quote from CycloneFW :
Yes. I didn't pick performance (or towing) originally and I'm too far in to change now since my delivery is next week.
Mine is next week also…and now I want to change…
Feb 03, 2023 04:32 PM
4,025 Posts
Joined Mar 2006
skinnywallet42Feb 03, 2023 04:32 PM
4,025 Posts
Quote from foxblur :
Yes that's what I was looking for. So it will adaptive cruise control even on streets, not just highways
You can find more info here: https://www.tesla.com/en_eu/support/autopilot

As with any other semi-autonomous system, lanes have to be clearly marked, or else it temporary disables the autosteer functionality.
Feb 03, 2023 04:32 PM
4,330 Posts
Joined Apr 2012
twoweeledFeb 03, 2023 04:32 PM
4,330 Posts
Quote from 2Neolinux :
Correct auto pay through their checking account
I think most FCU's have that requirement
I'm going to look into it. Looks like it's a good deal. I'm in California, so I have check
if I'm even eligible. Yeah, the autopay is no big deal. I have everything on autopay anyway. I guess I'll just have to figure a way to auto pay funds into checking account there.
Feb 03, 2023 04:33 PM
4,330 Posts
Joined Apr 2012
twoweeledFeb 03, 2023 04:33 PM
4,330 Posts
Quote from beta. :
Wait so let me get this straight. if I order a Model Y Performance with black paint and white interior... the total approximate is $61k... this still qualifies for the $7500 federal credit???
If you get it before anything ceases in March, and it's a 7 seater.
Feb 03, 2023 04:35 PM
15,359 Posts
Joined Sep 2009
KnightshadeFeb 03, 2023 04:35 PM
15,359 Posts
Quote from twoweeled :
If you get it before anything ceases in March, and it's a 7 seater.

There is no 7 seat requirement under the new guidelines just announced- All Model Ys, regardless of config, qualify since the price cap on all versions is now $80,000 instead of $55,000 for some.
1

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Feb 03, 2023 04:35 PM
4,330 Posts
Joined Apr 2012
twoweeledFeb 03, 2023 04:35 PM
4,330 Posts
Quote from 575rider :
Anyone ordering performance? Tesla's site has not been updated to confirm it qualifies.
Ahh CRAP!! How far do I have to read back? All the performance packages (at least on model Y) were over the $55K limit as I recall.

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