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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 2,618,632 Views
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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 07:37 PM
2,949 Posts
Joined Mar 2012
cyclops13Feb 03, 2023 07:37 PM
2,949 Posts
If I see a car in the inventory, does it means its ready for pickup immediately?
Feb 03, 2023 07:39 PM
6,073 Posts
Joined Jan 2011
mrdizleFeb 03, 2023 07:39 PM
6,073 Posts
Tesla model Y is ugly... Buy the solo car instead
https://www.emvauto.com/
3
2
Feb 03, 2023 07:39 PM
4,331 Posts
Joined Feb 2010
turns2stoneFeb 03, 2023 07:39 PM
4,331 Posts
Quote from cyclops13 :
If I see a car in the inventory, does it means its ready for pickup immediately?
Immediately like 'same day'? Not really. You still have to do some digital paperwork. I also know of examples of people that ordered a car 'in inventory' and have had said car cancelled or substantially delayed.

But best case, you could get it in < 1 week.
Feb 03, 2023 07:40 PM
1,433 Posts
Joined Oct 2017
techie_reviewFeb 03, 2023 07:40 PM
1,433 Posts
Quote from happens31 :
Can you pay for the enhance auto pilot on monthly if you don't get it now?
Yes they have subscription based model i think its 199 per month
Quote from mrdizle :
Tesla model Y is ugly... Buy the solo car instead
https://www.emvauto.com/
ahhahahah
Feb 03, 2023 07:40 PM
4,290 Posts
Joined Nov 2015
dshopprFeb 03, 2023 07:40 PM
4,290 Posts
Quote from cyclops13 :
If I see a car in the inventory, does it means its ready for pickup immediately?
Most likely unless it has to be transported from somewhere. but yes you will get delivery in less than 10 days
Feb 03, 2023 07:41 PM
2,349 Posts
Joined Jun 2009
Deal_Breaker2Feb 03, 2023 07:41 PM
2,349 Posts
Quote from mrdizle :
Tesla model Y is ugly... Buy the solo car instead
https://www.emvauto.com/
Beautiful is in the eye of the beholder. Blind people think MY is ugly compared to Predator-face Solo.
Original Poster
Feb 03, 2023 07:42 PM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Feb 03, 2023 07:42 PM
673 Posts
Quote from sleekwallet :
nah, dont spread BS

you still qualify , they always have done it this way for years
Quote from caymera :
https://www.irs.gov/credits-deduc...3-or-after

The sale qualifies only if:

You buy the vehicle new
The seller reports required information to you at the time of sale and to the IRS.
Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.


No BS, pure paperwork. Check with Tesla, they dont collect any of this information nor do they report. They may have done it for years, paperwork changed starting this year.

Here's the Dealer/Manufacturer requirement:
https://www.irs.gov/credits-deduc...quirements
Quote from GoodOmens :
The new law requires the POS (Dealer or manufacturer) to report a bunch of information on the buyer to the IRS.
Such as:
  • Seller/Dealer name and taxpayer ID number
  • Buyer's name and taxpayer ID number
  • Maximum credit allowable under IRC 30D for new vehicles or IRC 25E for previously owned vehicles
  • Vehicle identification number (VIN), unless the vehicle is not assigned one
  • Battery capacity
  • Date of sale
  • Sale price
  • For new vehicles, verification that the buyer is the original user
https://www.irs.gov/credits-deduc...quirements

They have until next year to report it so expect follow-up from Tesla to be eligible (I can't remember if I provided my social when I bought mine years back)...

Report must be provided to buyers at the time of sale and later to the IRS.

Each report must include a declaration of accuracy signed by a representative of TESLA with binding authority. The declaration must read: "Under penalties of perjury, I declare that I have examined this report submitted to the IRS pursuant to Revenue Procedure 2022-42 by [insert name of Seller], and to the best of my knowledge and belief I certify that this report is true, correct, and complete."

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Feb 03, 2023 07:43 PM
196 Posts
Joined Nov 2016
sm1907Feb 03, 2023 07:43 PM
196 Posts
I took the risk of 250 and ordered. got VIN assigned immediately. got MYLR B, 20', hitch for 54,990. Where as my previous one was MYLR B, 19' for 53990. I see a benifit of $2000
Feb 03, 2023 07:46 PM
622 Posts
Joined Jan 2005
xtacFeb 03, 2023 07:46 PM
622 Posts
Quote from sm1907 :
I took the risk of 250 and ordered. got VIN assigned immediately. got MYLR B, 20', hitch for 54,990. Where as my previous one was MYLR B, 19' for 53990. I see a benifit of $2000
You ordered today and got vin today? what color?
Feb 03, 2023 07:46 PM
4,331 Posts
Joined Feb 2010
turns2stoneFeb 03, 2023 07:46 PM
4,331 Posts
Quote from happens31 :
Can you pay for the enhance auto pilot on monthly if you don't get it now?
$199/month is for Full Self Driving. No monthly option for EAP.
https://www.tesla.com/support/ful...scriptions
Feb 03, 2023 07:47 PM
309 Posts
Joined May 2013
itsrameshFeb 03, 2023 07:47 PM
309 Posts
Quote from foxblur :
Did the MYP get a price increase since the big drop in early January?
Yes I returned to this thread after a while .... and see this. apparently they increased modelY proces by 500$ from Jan 26.
Feb 03, 2023 07:47 PM
3,707 Posts
Joined Oct 2003
CeceriousFeb 03, 2023 07:47 PM
3,707 Posts
Quote from itsramesh :
Yes I returned to this thread after a while .... and see this. apparently they increased modelY proces by 500$ from Jan 26.
I thought it was just the LR that got the $500 increase?
Feb 03, 2023 07:51 PM
108 Posts
Joined Dec 2015
Ganga1985Feb 03, 2023 07:51 PM
108 Posts
Quote from caymera :
Its the other way around. To me, IRS is in business of collecting taxes not giving away money. Tesla has to report it to IRS.
last year taxes all I need to do for solar panels from tesla is, just enter final cost of the project while filing taxes.. no other information was asked except address of solar panel installation

i got refund of 26%
Feb 03, 2023 07:51 PM
2,949 Posts
Joined Mar 2012
cyclops13Feb 03, 2023 07:51 PM
2,949 Posts
I know this thread is for the Y but is'nt Model 3 better bang for you buck? Is the Y significantly better than 3?

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Feb 03, 2023 07:52 PM
617 Posts
Joined Oct 2014
caymeraFeb 03, 2023 07:52 PM
617 Posts
Quote from Ganga1985 :
last year taxes all I need to do for solar panels from tesla is, just enter final cost of the project while filing taxes.. no other information was asked except address of solar panel installation

i got refund of 26%
Paperwork changed for 2023 reporting. All these new rules are for 2023 from IRS. They have history of changing flip-flopping rules as year goes by but as of now that's how the rule is that dealer must report sale details and other information to IRS.

You can check yourself here: https://www.irs.gov/credits-deduc...quirements

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