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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 2,617,369 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 10, 2023 10:02 PM
1,382 Posts
Joined Oct 2011
thinh4u2Feb 10, 2023 10:02 PM
1,382 Posts
Quote from sleekwallet :
hi, how did you resolve this issue? thanks
We basically compromised.

Between the loan officer and the Tesla rep, they were okay with me signing the paperwork, and then the loan rep would submit for an overnight shipping, she then sent me copies of the tracking and check which I then forwarded to Tesla. Proof of it inbound lol
Feb 10, 2023 10:11 PM
388 Posts
Joined Oct 2004
Eltoroz00mFeb 10, 2023 10:11 PM
388 Posts
Quote from TheChosenCheif :
Can anyone chime in with how long the pre-approvals last for a TFCU or GCFCU auto loan? TIA
Pre-approval typically valid for 30-60 days.
Feb 10, 2023 10:25 PM
4,290 Posts
Joined Nov 2015
dshopprFeb 10, 2023 10:25 PM
4,290 Posts
Quote from mrbhogi :
Thank you.. that helped!
Were you able to change it ?
Feb 10, 2023 10:26 PM
1,597 Posts
Joined Oct 2006
ericdabbsFeb 10, 2023 10:26 PM
1,597 Posts
Quote from happens31 :
What do you mean it's dead?
TFCU loan rates skyrocketed overnight where it is way worse than even big banks. So unless you currently have a preapproval locked in rate, it is not worth applying to TFCU. Obviously this move by TFCU is to curb the massive inflow of membership and auto loan applications received without the last month or so.
Feb 10, 2023 10:32 PM
1,071 Posts
Joined Sep 2009
pwrdbykimchiFeb 10, 2023 10:32 PM
1,071 Posts
Quote from pwrdbykimchi :
Hopefully this information helps those who placed an order around when the initial price drop occurred to get some idea of the timeline.

Order Date: 1/14/23; 9:00 PM PST
Location: Los Angeles
Build: MYLR / Blue / Black / 19
Estimated Delivery Date #1: February 4 - March 4
Estimated Delivery Date #2: February 14 - March 21 (updated 1/24)
Estimated Delivery Date #3: February 8 - February 22 (updated 1/30)
Estimated Delivery Date #4: February 15 - February 24 (updated 2/4)

I got my VIN assigned today (PA066*). Would have preferred a Fremont build for the matrix LED lights but it's definitely not a deal breaker. Will keep you guys posted on the delivery and such.
Update. But I'm not sure how useful this information will be at this point. I hope it helps those in SoCal. Finally got the option to schedule my at-home delivery. Only 2/17, 2/18, and 2/19 were available and I chose 2/19.

Order Date: 1/14/23; 9:00 PM PST
Location: Los Angeles, CA
Build: MYLR / Blue / Black / 19
EDD #1: February 4 - March 4
EDD #2: February 14 - March 21 (updated on 1/24)
EDD #3: February 8 - February 22 (updated 1/30)
EDD #4: February 15 - February 24 (updated 2/4)
Scheduled Delivery: February 19 (updated 2/10)

Will let you guys know how delivery goes as well as the integrity of the vehicle's build. Smilie
Feb 10, 2023 10:33 PM
46 Posts
Joined Nov 2015
NavLordFeb 10, 2023 10:33 PM
46 Posts
Quote from ericdabbs :
TFCU loan rates skyrocketed overnight where it is way worse than even big banks. So unless you currently have a preapproval locked in rate, it is not worth applying to TFCU. Obviously this move by TFCU is to curb the massive inflow of membership and auto loan applications received without the last month or so.
What do you mean skyrocketed? I got my approval today at 2.9 same rate as someone I know who got 1 week back. What's lowest anyone you know got in last 3 weeks here?
Feb 10, 2023 10:36 PM
787 Posts
Joined Sep 2013
chucktaylurFeb 10, 2023 10:36 PM
787 Posts
How accurate are they trade in values that tesla gives you on their website? I got a value of 23k to 25k for my 2016 lexus nx. Should be be expecting something within that range or something totally off?

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Feb 10, 2023 10:38 PM
1,736 Posts
Joined Aug 2003
tommyvelocityFeb 10, 2023 10:38 PM
1,736 Posts
Quote from NavLord :
What do you mean skyrocketed? I got my approval today at 2.9 same rate as someone I know who got 1 week back. What's lowest anyone you know got in last 3 weeks here?
He's talking about the current rates listed on Tower FCU. It's worst than going through Tesla's financing (which uses a third party bank).

https://www.towerfcu.org/borrow/l...2493a-d3be
Feb 10, 2023 10:51 PM
22 Posts
Joined Dec 2007
so3hnFeb 10, 2023 10:51 PM
22 Posts
Quote from chucktaylur :
How accurate are they trade in values that tesla gives you on their website? I got a value of 23k to 25k for my 2016 lexus nx. Should be be expecting something within that range or something totally off?
Carvana quoted at 22k, Carmax quoted at 25k.
Telsa gave me 20k and I took it for the convenience.

Paid the remaining using a certified check. Registration was lower cost due to transferring plates as well.
Feb 10, 2023 10:59 PM
2,417 Posts
Joined Jan 2013
tonkotsuFeb 10, 2023 10:59 PM
2,417 Posts
Quote from so3hn :
Carvana quoted at 22k, Carmax quoted at 25k.
Telsa gave me 20k and I took it for the convenience.

Paid the remaining using a certified check. Registration was lower cost due to transferring plates as well.
Carmax is virtually hassle free, it took less than 2 hours for me to sell my previous car n they honored the price that was given to me online

Crazy to just throw away 5k like that
Feb 10, 2023 11:01 PM
4 Posts
Joined Jan 2023
Shopping-1Feb 10, 2023 11:01 PM
4 Posts
Quote from NavLord :
What do you mean skyrocketed? I got my approval today at 2.9 same rate as someone I know who got 1 week back. What's lowest anyone you know got in last 3 weeks here?
You applied today or you already had pre approval with 2.9 rate?
Feb 10, 2023 11:09 PM
22 Posts
Joined Dec 2007
so3hnFeb 10, 2023 11:09 PM
22 Posts
Quote from tonkotsu :
Carmax is virtually hassle free, it took less than 2 hours for me to sell my previous car n they honored the price that was given to me online

Crazy to just throw away 5k like that
I agree and you are absolutely right.
My worries was the "mint condition" would not be honored by Carmax as my car was definitely not mint. Tesla didn't say a word about the condition and just took the car, I couldn't guarantee Carmax would do the same. Another dumbass reason is I didn't want new plates. It's not 5k loss as the trade-in value lowers taxes, Registration and fees went from 5k to 3k.
Feb 10, 2023 11:26 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 10, 2023 11:26 PM
3,419 Posts
Had my Tower financing finalized and they overnight a check to Tesla earlier this week.
Today I got a letter US mail from Tower detailing the loan terms and asking me to fill out a POA notarized and mail it back. I already did this and uploaded it during the loan application I think I am just going to mail the one I had originally notarized, the only difference is this one has a different account number and date. The original had no account number so I wrote in the new account number on the one already notarized and planning to mail it back. Anyone else have the same thing happen? How many POA these guys need laugh out loud
Feb 10, 2023 11:29 PM
398 Posts
Joined Jun 2008
gotoee37000Feb 10, 2023 11:29 PM
398 Posts
Quote from tommyvelocity :
You can transfer from savings. You basically navigate your online bank's system via Plaid.
Source: that's how I paid for mine.
Oh, thanks for the the info. I thought the plaid thing is like bank transfer and it will take a few days so I was planning to use cashier's check and will hand it over after I inspect the car. So with Plaid I can link it or something with my bank information and pay at the spot?

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Feb 10, 2023 11:30 PM
3,419 Posts
Joined Dec 2005
TheKingofDealsFeb 10, 2023 11:30 PM
3,419 Posts
Quote from so3hn :
I agree and you are absolutely right.
My worries was the "mint condition" would not be honored by Carmax as my car was definitely not mint. Tesla didn't say a word about the condition and just took the car, I couldn't guarantee Carmax would do the same. Another dumbass reason is I didn't want new plates. It's not 5k loss as the trade-in value lowers taxes, Registration and fees went from 5k to 3k.
In our state you can keep the plates when your sell or trade in your car you just need to keep insurance on the plate/car until its turned in or transferred.
I did this just last week, sold my old car and I texted Tesla that I wanted to transfer plates to M3P. My registration fee went from $250.00 to 77.50. Highway use tax stayed same at $1,698.90

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