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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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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 05, 2023 08:26 PM
2,522 Posts
Joined Aug 2007
sleekwalletFeb 05, 2023 08:26 PM
2,522 Posts
Quote from chambawamba :
Just ordered today morning…. Any chance I get in March
there are SR available right now
1
Feb 05, 2023 08:37 PM
74 Posts
Joined Nov 2017
RkbalFeb 05, 2023 08:37 PM
74 Posts
Does anyone has luck with changing the color and getting delivery fast? I ordered MY Long range Metallic silver but wanted to change it to White, worried this will push the delivery date further. Current delivery date is March 5 to 31st
Feb 05, 2023 08:38 PM
102 Posts
Joined May 2011
chambawambaFeb 05, 2023 08:38 PM
102 Posts
Quote from Rkbal :
Does anyone has luck with changing the color and getting delivery fast? I ordered MY Long range Metallic silver but wanted to change it to White, worried this will push the delivery date further. Current delivery date is March 5 to 31st
When did you order
Feb 05, 2023 08:40 PM
74 Posts
Joined Nov 2017
RkbalFeb 05, 2023 08:40 PM
74 Posts
Quote from chambawamba :
When did you order
Ordered on 01/21
Feb 05, 2023 08:52 PM
152 Posts
Joined Dec 2006
georgieboyFeb 05, 2023 08:52 PM
152 Posts
My husband and I filed jointly and total AGI less than 300k. Can I get one rebate and one for my husband? Is there a limit of one per household?
Feb 05, 2023 08:53 PM
4 Posts
Joined Jul 2013
adamski23Feb 05, 2023 08:53 PM
4 Posts
Wanted to order white seats version, but looks like this on no longer qualifies for NJ tax credit. Any idea to go around this limitation.
Feb 05, 2023 09:00 PM
274 Posts
Joined Apr 2005
clauFeb 05, 2023 09:00 PM
274 Posts
Quote from georgieboy :
My husband and I filed jointly and total AGI less than 300k. Can I get one rebate and one for my husband? Is there a limit of one per household?
You can buy two Tesla Y's and get two rebates.

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Feb 05, 2023 09:27 PM
486 Posts
Joined Jan 2011
spyderdsmFeb 05, 2023 09:27 PM
486 Posts
Any suggestions on the best center console organizers and under seat storage to get?
Feb 05, 2023 09:33 PM
232 Posts
Joined Sep 2008
dealer89Feb 05, 2023 09:33 PM
232 Posts
Quote from ng524 :
I finally have a delivery date for my MYLR
Ordered the base model on 1/14 at 4PM EST
Original delivery date: Jan-mar
After a week: Feb 7 - Mar 7
1/30: VIN assigned. New date Feb 11 - Feb 17
02/05: Schedule delivery notification. Picking it up on 02/17
I have similar dates. Still waiting for schedule delivery email.

Where r u located?
Feb 05, 2023 09:36 PM
24 Posts
Joined Nov 2015
dustind412Feb 05, 2023 09:36 PM
24 Posts
Quote from Rkbal :
Does anyone has luck with changing the color and getting delivery fast? I ordered MY Long range Metallic silver but wanted to change it to White, worried this will push the delivery date further. Current delivery date is March 5 to 31st
Same question here? anyone know?
Feb 05, 2023 10:02 PM
3,694 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Feb 05, 2023 10:02 PM
3,694 Posts
Quote from twoweeled :
Yes, but I'm paying $4000 for upgraded power, and not much else. Not worth it.
Take MYLR too, If only bec MYP has no 3rd row config and in turn lose that adjustable 2nd row seat. Wanna P, buy a 3.
1
1
Feb 05, 2023 10:10 PM
15,359 Posts
Joined Sep 2009
KnightshadeFeb 05, 2023 10:10 PM
15,359 Posts
Quote from foxblur :
So coming in March the IRS is expected to uphold the law's battery mineral (40%) and battery component (50%) in the US/free trade territories. Why did they allow this brief window where they weren't concerned?
The law says it will be enforced based on guidelines issued by the executive branch.

Those guidelines were never issued, so there's nothing to enforce yet.

The guidelines are now expected to be published in March and thus enforced from that date forward-- it's possible the date will slip further of course.


Quote from foxblur :
Moreover does anyone know if they do uphold these %'s if Tesla or really any manufacturer currently meet them?
Without knowing the guidelines it's impossible to answer that question.

That said, Tesla likely has the best chance of any EV maker to have at least some vehicles qualify since they have, by far, the most domestic production of battery cells and packs of any car maker.



Quote from mattymsu25 :
And regardless of the option you choose you 'still' won't own a sports car.
Of course not, the Y is an SUV.

Not sure how you got confused about that.

I mean, granted it's quicker than the vast majority of all vehicles ever sold and called sports cars, but it's still an SUV.


Quote from anithajones :
Can some one please clarify on why we have to get it by March to be qualified for tax credit? Will I be not qualified if I get it after March?
Because new guidelines on battery sourcing will be issued sometime in March that may change what vehicles are eligible for the full amount (if not qualified you'd only get half- $3750)



Quote from JohnJ5627 :
Also wanna know as well. It says during March would be changed. So by end of March if it's still ok?
"march" is all they've said, see further below for exact wording.


Quote from 19Deals :
Wanted to check with everyone on the ev credit date, does the information below means that the march cutoff date to qualify for $7500 no longer true?

https://www.irs.gov/credits-deduc...3-or-after
No.


https://home.treasury.gov/news/pr...ses/jy1173

Quote from Treasury Dept :
Treasury will issue a notice of proposed rulemaking (NPRM) in March with proposed guidance on the critical minerals and battery components requirements. By statute, the critical mineral and battery component requirements take effect only after Treasury issues that proposed rule.
Feb 05, 2023 10:14 PM
527 Posts
Joined Feb 2011
SittingMooseFeb 05, 2023 10:14 PM
527 Posts
Quote from DonK1988 :
It called Staggered fitment. Because of it, I bought MYLR instead of MYP.
I have been driving Lexus GS-350 F- Sport around 10 years now and it is Staggered fitment.
I hate it I hate it......yes, it drives well and traction is amazing. However, for the maintenance wise, it costs me more due to No rotation will be made. Also, tire warranty is half of normal, like if tire warranty is 50,000 miles then 25,000 miles. However, it will be worn out before reached the warranty milage. Also from my experience, MYP is much more harder and stiff feel. MYLR is softer and smoother.

Must Test drive both and choose wisely.
Thanks that's exactly what he said!
Feb 05, 2023 10:15 PM
21,670 Posts
Joined Nov 2007
Buckeyefan 1Feb 05, 2023 10:15 PM
21,670 Posts
2

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Feb 05, 2023 10:19 PM
163 Posts
Joined Feb 2006
wdmFeb 05, 2023 10:19 PM
163 Posts
If anyone wants to give up his pre $2k rise reservation for MYLR in Houston area(TX), please pm me. Thank you.

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