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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 2,618,011 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 04, 2023 01:42 AM
1 Posts
Joined Dec 2019
ScarletTank159Feb 04, 2023 01:42 AM
1 Posts
Quote from tommyvelocity :
It will be 2023 taxes but you can use your MAGI from 2022 or 2023.
I don't see any mention of using 2022 MAGI on the IRS site. If you don't mind, can you share where you gathered that?
Feb 04, 2023 01:43 AM
1,433 Posts
Joined Oct 2017
techie_reviewFeb 04, 2023 01:43 AM
1,433 Posts
Quote from turns2stone :
Not if built in Austinsh
should have added "if it was built in fremont"
Pro
Feb 04, 2023 01:43 AM
823 Posts
Joined Jul 2007
ethanhunt1236
Pro
Feb 04, 2023 01:43 AM
823 Posts
Quote from Slayer.I.Am :
4k confirmed. we already got one.. once you order Tesla will send you forms to complete the process.
Hey, is it 4k on base model or 4k on model 3 performance? Thanks
Pro
Feb 04, 2023 01:46 AM
823 Posts
Joined Jul 2007
ethanhunt1236
Pro
Feb 04, 2023 01:46 AM
823 Posts
Quote from Eltoroz00m :
right, got used to replying about Model Y. But 4k for Model 3 depending on MSRP:

"The total incentive amount for an eligible vehicle is $25 per mile of EPA-rated all-electric range, as determined by fueleconomy.gov up to $4,000 for vehicles with a MSRP under $45,000, or up to $2,000 for vehicles with a MSRP between $45,000 and $55,000. Vehicles with an electric range of over 200 miles are eligible for an incentive of up to $4,000, depending on vehicle MSRP. See the program Terms and Conditions for more information on incentive amounts."

And this should be at point of sale.

"Your dealer will submit the application on your behalf and the incentive will instantly be applied to the cost of your new vehicle."
Hey, it's is 4k on base model only , or it also on model 3 performance? Thanks
Feb 04, 2023 01:53 AM
492 Posts
Joined Feb 2012
Mikey122687Feb 04, 2023 01:53 AM
492 Posts
Are you able to change from MYLR to Performance by yourself (app or online) or do you have to call Tesla?
Feb 04, 2023 01:54 AM
4,331 Posts
Joined Feb 2010
turns2stoneFeb 04, 2023 01:54 AM
4,331 Posts
Quote from sidewinder33625 :
or just go with LR to begin with and save yourself some money and trouble while you're at it. then again, if its matrix lights and 1sec faster 0-60 you're after then by all means.
To some folks, the extra $3500 for track mode, lowered suspension, better performance is worth it. There is no right or wrong answer here. Some car companies charge much more, for much less.
Feb 04, 2023 01:56 AM
1,595 Posts
Joined Nov 2006
sidewinder33625Feb 04, 2023 01:56 AM
1,595 Posts
Quote from turns2stone :
To some folks, the extra $3500 for track mode, lowered suspension, better performance is worth it. There is no right or wrong answer here. Some car companies charge much more, for much less.
like i said then go ahead by all means..no one is stopping anyone here lol..

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Feb 04, 2023 01:56 AM
955 Posts
Joined Oct 2011
toygixxer69Feb 04, 2023 01:56 AM
955 Posts
Forgive me not able to go thru 570+ pages.
So i still can get the $7500 tax credit as long as my Y Performance don't go over $80k? My initial thought was we couldn't go over $55k.
Feb 04, 2023 01:59 AM
47 Posts
Joined Sep 2013
tueesFeb 04, 2023 01:59 AM
47 Posts
Quote from toygixxer69 :
Forgive me not able to go thru 570+ pages.
So i still can get the $7500 tax credit as long as my Y Performance don't go over $80k? My initial thought was we couldn't go over $55k.
IRS changed the criteria for MY today and upper limit for MY is $80K now.
Pro
Feb 04, 2023 01:59 AM
893 Posts
Joined Jun 2005
scraejtp
Pro
Feb 04, 2023 01:59 AM
893 Posts
Quote from toygixxer69 :
Forgive me not able to go thru 570+ pages.
So i still can get the $7500 tax credit as long as my Y Performance don't go over $80k? My initial thought was we couldn't go over $55k.
Rules changed today, retroactive to Jan 1st. Yes, any model Y is now counted as an SUV with the $80k limit to qualify for the $7500 credit.
Feb 04, 2023 02:02 AM
1,015 Posts
Joined Mar 2019
CycloneFWFeb 04, 2023 02:02 AM
1,015 Posts
Quote from ScarletTank159 :
I don't see any mention of using 2022 MAGI on the IRS site. If you don't mind, can you share where you gathered that?
Under "Who Qualifies", second to last paragraph from https://www.irs.gov/credits-deduc...3-or-after

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.
Feb 04, 2023 02:05 AM
955 Posts
Joined Oct 2011
toygixxer69Feb 04, 2023 02:05 AM
955 Posts
Quote from tuees :
IRS changed the criteria for MY today and upper limit for MY is $80K now.
Thank you.
Feb 04, 2023 02:05 AM
1,213 Posts
Joined Dec 2004
SleepingDragonFeb 04, 2023 02:05 AM
1,213 Posts
Quote from mrdizle :
Tesla model Y is ugly... Buy the solo car instead
https://www.emvauto.com/
That thing looks like you're driving a large toilet around town...
Feb 04, 2023 02:06 AM
955 Posts
Joined Oct 2011
toygixxer69Feb 04, 2023 02:06 AM
955 Posts
Quote from scraejtp :
Rules changed today, retroactive to Jan 1st. Yes, any model Y is now counted as an SUV with the $80k limit to qualify for the $7500 credit.
Nice. Reminds me of playing ball in elementary school making up rules as we played...lol

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Feb 04, 2023 02:09 AM
99 Posts
Joined Jul 2007
mixxenFeb 04, 2023 02:09 AM
99 Posts
Quote from MurraytheDemonSkull :
You will not get a bigger motor, MYP and MYLR has the same motor, the additional horsepower and top speed are through a software upgrade.

You will not get different brakes, it is the same as MYLR but it has fancy looking brake covers.
https://electrek.co/2023/01/16/te...r-hide-it/

You will get 21" wheels but the ride will be less comfortable compared to MYLR 19" Gemini wheels.

You will get spoiler and matrix headlights.
Interesting! Looks like Tesla downgraded the rear brakes in Aug 2022. The front brakes still have the bigger Brembo brakes, but as you said, same as the MYLR. I guess the MYP gets "performance-looking" red covers. lol.

Not sure about the same motor, as I can't find any references, but it would make sense to standardize production to a single motor type to cut manufacturing costs.

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