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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 2,616,951 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 14, 2023 05:16 PM
30 Posts
Joined Feb 2019
Pcbytes32Feb 14, 2023 05:16 PM
30 Posts
Quote from fishtank :
Ordered LRMY on 1/26... delivery date just changed to April 10 - May 22 from March 14 - May 22 Frown
Same here. bay area
Feb 14, 2023 05:20 PM
54 Posts
Joined Jun 2014
SpySpyderFeb 14, 2023 05:20 PM
54 Posts
Quote from SpySpyder :
I don't think you can change the name on the order
We are looking for one in Maryland or Virginia or Washing DC Long range Model Y. Can you change the location ?
Feb 14, 2023 05:21 PM
54 Posts
Joined Jun 2014
SpySpyderFeb 14, 2023 05:21 PM
54 Posts
I am looking for any MODEL Y Long Range booked and if you guys want to cancel. I will take it for Virginia, Washington DC and Maryland and Pennsylvania. Let me know if anyone is interested.
Feb 14, 2023 05:48 PM
40 Posts
Joined Oct 2014
sonanrl323Feb 14, 2023 05:48 PM
40 Posts
Does anyone know if CVRP rebate for California change on Feb 28 will increase for standard applicant (not talking about people under 400%FPL).

I know website said will increase for those 400%FPL but wonders if basic standard applicant will see any increase from $2000.
Feb 14, 2023 05:49 PM
275 Posts
Joined Mar 2008
gorditaFeb 14, 2023 05:49 PM
275 Posts
Not sure if the govt's push towards electrifying America is working its magic but it feels like I woke up one day and just decided to go for it. been knee-deep in getting solar quotes (and ofcourse, there's always the ancillary stuff like main panel upgrades and permits and running a new wire/conduit for EV charger), and now that stuff is finalized, I realized we don't have an EV yet.
our ICE car lease is up next month and in the market for model y.
so, for folks in the Bay area or SoCal, if you'd like to give up your MYLR (black interior), I would be happy to take it off your hands.
don't qualify for the tax credits and if delivery takes a couple of months, so be it. meanwhile, I'll keep looking on CL and FB for used ones.
Feb 14, 2023 06:23 PM
485 Posts
Joined Nov 2008
bard8910Feb 14, 2023 06:23 PM
485 Posts
My EDD changed today from 03/31 - 05/12 to 03/26- 03/31. I guess that's a good sign? No VIN yet
Original Poster
Feb 14, 2023 06:36 PM
673 Posts
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Feb 14, 2023 06:36 PM
673 Posts
Quote from sonanrl323 :
Does anyone know if CVRP rebate for California change on Feb 28 will increase for standard applicant (not talking about people under 400%FPL).

I know website said will increase for those 400%FPL but wonders if basic standard applicant will see any increase from $2000.
I suggest contacting them, they are pretty responsive to emails.

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Feb 14, 2023 06:53 PM
146 Posts
Joined Feb 2006
fishtankFeb 14, 2023 06:53 PM
146 Posts
Quote from Go_sipa :
What is your location? Mine is same boat
MA... wonder when IRS update will come out.
Feb 14, 2023 06:57 PM
102 Posts
Joined Dec 2013
canboyFeb 14, 2023 06:57 PM
102 Posts
When did you all get MVPA with financial institution filled? for submitting for loan approval? I have the VIN assigned but generic cash purchase MVPA even though I added third-part lender info to the app.
Feb 14, 2023 07:07 PM
4 Posts
Joined Jan 2023
ElatedStar992Feb 14, 2023 07:07 PM
4 Posts
My est. delivery date is 02/21 - 03/07. I'll be out of country that time, how can I reschedule the delivery for later March?
Feb 14, 2023 07:28 PM
85 Posts
Joined Jan 2018
Nos4r2Feb 14, 2023 07:28 PM
85 Posts
Gold Coast CORRECTION:
On the 60 month term and 72 month term you WILL need to have direct deposit to get the 2.49 for 60 month rate and 3.49 for 72 month rate. You have to have the direct deposit go in before they will give you the discounted rate. If no direct deposit, your 60 month rate is 2.99 and the 72 month rate is 3.99. GLTY!
Feb 14, 2023 07:44 PM
194 Posts
Joined Nov 2006
RaySFeb 14, 2023 07:44 PM
194 Posts
Quote from HonestWater3390 :
Location: SoCal

Ordered MYLR White/White - 1/13 @ 0444 PST
Changed MYP White/White - 2/3 @ 0913 PST
VIN assigned, Fremont build - 2/14
Current EDD after VIN assignment - 2/15 to 2/22
Congrats on updating your order early.
I am monitoring the tweeter feed, and I am not seeing much in the way of MYP production or availability. I may be in for a long wait.
Last edited by RayS February 14, 2023 at 12:49 PM.
Feb 14, 2023 07:46 PM
1,736 Posts
Joined Aug 2003
tommyvelocityFeb 14, 2023 07:46 PM
1,736 Posts
Quote from ElatedStar992 :
My est. delivery date is 02/21 - 03/07. I'll be out of country that time, how can I reschedule the delivery for later March?
When you get the VIN and an actual delivery date, you can schedule up to 3-4 days out. You can't push it by a week unless you text Tesla and request to do so. In my case, I had an actual delivery date of Tuesday with option of Wednesday and Thursday. Texted and requested for Saturday pickup via text.

Hopefully, you'll have access to texting when you are out of the country.
Feb 14, 2023 07:55 PM
919 Posts
Joined Aug 2006
MasterguyFeb 14, 2023 07:55 PM
919 Posts
Quote from DannyC1964 :
LOL, it's not that bad here. The only way that you'll be living paycheck to paycheck at that income level is if you have kids, order Uber Eats multiple times a week or make it a point to rent in the most expensive areas. Point taken though, buying anything but the cheapest M3 with tax rebates is probably a bad idea at that income level.
with 2 kids and associated extra curricular classes + high taxation will barely cut it. I'm glad I'm not in that position. But having this 200K limit on a family to qualify is kind of a bummer IMO. 300K would have been good for many folks (I wouldn't have qualified regardless)

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Feb 14, 2023 07:57 PM
919 Posts
Joined Aug 2006
MasterguyFeb 14, 2023 07:57 PM
919 Posts
VIN number assigned. Pick up date on 2/18

Question: When do you make the down payment? I already did a Plaid verification to to my BOA account. Since everything is done through a friggin app, it's not clear what needs to be done when.

Also contacted the CU with MVPA which was made available yesterday. Didn't hear back. Not sure how this all comes together :|

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