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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 2,617,830 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 07, 2023 05:50 AM
20 Posts
Joined Apr 2015
TimothyP1684Feb 07, 2023 05:50 AM
20 Posts
Quote from LivelyTree6515 :
Robinhood accounts you can join their Gold and get 4.3% for $5 a month fee
edit delete
Feb 07, 2023 05:53 AM
20 Posts
Joined Apr 2015
TimothyP1684Feb 07, 2023 05:53 AM
20 Posts
Quote from KingCoop :
I ended up cancelling my reservation for a MYLR and got an Ioniq 5. No particular reason other than I like the design of the Ioniq more. Best of wishes to you during inspection!

I went with the 90-day option as there is no penalty for prepayment. I may start paying this month or I might take that same cash and drop it in a high-yield savings paying 3.30% or a 11-month CD paying 5.00%.
Just curious, were you able to get a refund on your $250 order fee since you cancelled your reservation? I just read the fine print that it is nonrefundable.
Feb 07, 2023 05:56 AM
24 Posts
Joined Nov 2017
pbajseFeb 07, 2023 05:56 AM
24 Posts
I changed my MYLR to MYP Thursday 2/2. Original estimate was 3/19-3/31; now's still 3/19-3/31. Not sure if it just hasn't been updated or the MYP is showing the same estimate.
Feb 07, 2023 06:08 AM
2,522 Posts
Joined Aug 2007
sleekwalletFeb 07, 2023 06:08 AM
2,522 Posts
Quote from pbajse :
I changed my MYLR to MYP Thursday 2/2. Original estimate was 3/19-3/31; now's still 3/19-3/31. Not sure if it just hasn't been updated or the MYP is showing the same estimate.
It takes like a week to get updated
Feb 07, 2023 06:20 AM
24 Posts
Joined Nov 2016
ckarthikeyantooFeb 07, 2023 06:20 AM
24 Posts
Quote from Nos4r2 :
Very simple. If you open a checking acct, you'll end up giving them $50 bucks. I did this in case I needed the checking acct for direct deposit to take advantage of a .25% rate discount. I did have to keep calling. Once you make it to the LO they'll be your contact until the end.
We cannot use GCFCU auto buying service right, how will i get 0.25 discount for that?
Feb 07, 2023 06:45 AM
146 Posts
Joined Nov 2019
LordChodFeb 07, 2023 06:45 AM
146 Posts
Quote from TimothyP1684 :
Anyone here placed an order for MYLR recently? Placed mine on Feb 3rd. I am wondering if they will deliver by March 31st deadline for full tax credit.
I placed order today at Tesla dealership for MYLR and they said delivery between March and May— the guy said he would try to get mine in by Mid March but no guarantee. If the tax credit goes down then I may have to rethink it but I was willing to risk the $250 to cancel the deal. Had to settle for base model choice of White and black interior since MA tax credit of $3500 cap is exactly 55k — i did not have room to change color as price would get hiked. Agent at dealership also said that the price is expected to go back up to 62k and that there is not doubt in it.
Feb 07, 2023 06:56 AM
194 Posts
Joined Nov 2006
RaySFeb 07, 2023 06:56 AM
194 Posts
Quote from foxblur :
https://youtu.be/vd0fRQuYRQM
It has a projector (circle) on the far outside of the headlight vs a reflector (being phased out). Currently it appear they are only on Fremont vehicles MYLR (possibly on MYP but unlikely). I'm not sure about MYAWD out of Texas.
Thanks for the info.

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Feb 07, 2023 07:02 AM
485 Posts
Joined Nov 2008
bard8910Feb 07, 2023 07:02 AM
485 Posts
Quote from MotaGotas :
I placed order today at Tesla dealership for MYLR and they said delivery between March and May— the guy said he would try to get mine in by Mid March but no guarantee. If the tax credit goes down then I may have to rethink it but I was willing to risk the $250 to cancel the deal. Had to settle for base model choice of White and black interior since MA tax credit of $3500 cap is exactly 55k — i did not have room to change color as price would get hiked. Agent at dealership also said that the price is expected to go back up to 62k and that there is not doubt in it.
Do dealerships have influence over delivery dates? Mine EDD in also April/May but would like to get it in March
Feb 07, 2023 07:06 AM
1,015 Posts
Joined Mar 2019
CycloneFWFeb 07, 2023 07:06 AM
1,015 Posts
So the folks over here are still reporting MYP from Freemont (though Austin I don't think is building Performance Ys yet) having Matrix lights. One person said he didn't, but when he looked at a pic, he indeed had matrix lights.

https://teslamotorsclub.com/tmc/t...ts.286224/
Feb 07, 2023 07:46 AM
4,290 Posts
Joined Nov 2015
dshopprFeb 07, 2023 07:46 AM
4,290 Posts
Quote from IMAFriend :
It was in existing (new) inventory, if you go to tesla.com, choose menu -> Existing inventory, that's where demo models will be. But I checked just a few minutes later and it had disappeared already. So someone was on their toes.
Dang they got an awesome deal!
Feb 07, 2023 09:23 AM
167 Posts
Joined Nov 2015
19DealsFeb 07, 2023 09:23 AM
167 Posts
If we found a car in inventory, do we have to call in to switch our reservation over?
Feb 07, 2023 09:45 AM
85 Posts
Joined Jan 2018
Nos4r2Feb 07, 2023 09:45 AM
85 Posts
Quote from techie_review :
Awesome, thank you can i know you process did u apply after getting the VIN ? how many days it took for you to get the approval etc ? i still dont have the VIN assigned so was wondering if i should open the account and apply for the loan ?
I'm in Atl GA and just got my vin this Saturday. I wouldn't wait for vin if applying to either Golden Coast or Tower. I had preapproval with Northwest FCU and our local Associated CU, just in case Golden Coast didn't make it on time. Your approval lasts 30 days, before it has to be updated. I didn't even try Tower and their craziness.
Feb 07, 2023 09:51 AM
85 Posts
Joined Jan 2018
Nos4r2Feb 07, 2023 09:51 AM
85 Posts
Quote from ckarthikeyantoo :
We cannot use GCFCU auto buying service right, how will i get 0.25 discount for that?
I thought I read I had to have direct deposit to get the .25 discount but when I got approval yesterday it was 2.99 and then she said with the promotion it will be 2.49. So I asked if there is an addl .25 off if I have direct deposit and she said that 2.49 is their bottom/base rate.
Feb 07, 2023 10:33 AM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 07, 2023 10:33 AM
3,109 Posts
Quote from bard8910 :
Do dealerships have influence over delivery dates? Mine EDD in also April/May but would like to get it in March
Ya I slipped my guy a $20, told him not to spend it all in one place, and now I get to pickup my vehicle tomorrow.
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Feb 07, 2023 10:38 AM
3,109 Posts
Joined Jul 2011
euuser1398928Feb 07, 2023 10:38 AM
3,109 Posts
Quote from CycloneFW :
So the folks over here are still reporting MYP from Freemont (though Austin I don't think is building Performance Ys yet) having Matrix lights. One person said he didn't, but when he looked at a pic, he indeed had matrix lights.

https://teslamotorsclub.com/tmc/t...ts.286224/
Good call. I wish I could have nabbed a base white MYP but I was too slow and tied up at work last Friday

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