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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 2,616,240 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 16, 2023 02:43 AM
677 Posts
Joined Apr 2007
happens31Feb 16, 2023 02:43 AM
677 Posts
Quote from reddyjskin :
I signed up for membership/ account no confirmation email or charge on my card. I guess they are slammed or I didn't do it right?
That is what I did and was thinking also which just lead me to just apply for the car loan since my EDD is some time next month and I already lost the pre-approval from Penfed since so much time has passed
Feb 16, 2023 03:05 AM
15,359 Posts
Joined Sep 2009
KnightshadeFeb 16, 2023 03:05 AM
15,359 Posts
Quote from Mamiww6 :
Not trying to hate Tesla. But your statement makes no sense. If a car repair cost too much to repair after collision, wouldn't it make sense for the insurance companies to charge more for the premiums for that particular brand?.

Depends on if that brand gets into the same # of the same type of accidents or not obviously.

Teslas published data shows their accident rate is significantly lower than average between their passive and active safety features, but their ADAS systems.... Additionally NHTSA and other crash testing data show Teslas have the lowest chance of passenger injury of any vehicles on the road- meaning the insurance risk for that is lower in a Tesla than anything else.

So even if the cost for repairs were higher other factors like those might mitigate them in the other direction.



Also when folks say Teslas are "expensive" to insure it's largely people coming to them from like Corollas and such...

https://www.motortrend.com/featur...nce-costs/

That's Motortrend, comparing actually similar vehicles... in this case a Model 3 and a BMW 3 series end up pretty similar in insurance costs... and a Model S and BMW 7 series, where the BMWs are hundreds cheaper a year to insure, but cost thousands more for the vehicles...and a Model Y and a BMW X3... similar story to the S/7 given todays pricing (the Y is cheaper thousands less for a comparable trim but costs a couple hundred more to insure annually)... then they compare a Model X to BMWs X5, which is the only place Tesla loses overall-- and also the only Model of Tesla I don't generally recommend to people.
Last edited by Knightshade February 15, 2023 at 08:07 PM.
Feb 16, 2023 03:16 AM
850 Posts
Joined Dec 2005
h3nGFeb 16, 2023 03:16 AM
850 Posts
Quote from RWelchS :
upgraded mylr to gray + inductions. this puts my order at $55,990. Which Doesn't matter since the cap is now at $80K. Am i correct in thinking this?
Correct.
Feb 16, 2023 03:19 AM
528 Posts
Joined Jul 2022
techie_review101Feb 16, 2023 03:19 AM
528 Posts
Quote from U-Turn :
Just curious where folks who ordered on 1/17 stand.

My EDD has not changed for a couple of weeks.

Feb 19 - Mar 19

Florida delivery

Model Y LR Grey/Black int No other options.
I have the same issue, i ordered

MYLR
Decatur, GA
01/17
EDD been the same ever since 02/18 - 03/28​
Feb 16, 2023 03:29 AM
509 Posts
Joined May 2018
vndragonslayerFeb 16, 2023 03:29 AM
509 Posts
Quote from JellyBellyMD :
Superchargers about to get really crowded. Worse than Costco gas station.

The new rules would allow Tesla to keep its unique connectors, but it will have to add a permanently attached CCS connector or adapter that charges a CCS-compliant vehicle, similar to a gas pump that has a separate handle for gas versus diesel.
nothing is worse than costco gas station. but hey. enjoy spending 50k on a corolla with its wheels falling off while waiting in line for costco gas
Feb 16, 2023 03:29 AM
2,416 Posts
Joined Jan 2013
tonkotsuFeb 16, 2023 03:29 AM
2,416 Posts
Quote from RWelchS :
only if you under the income limit.
people making 135k+ single or 200k+ married are probably not as concerned about a measly 2k
Feb 16, 2023 03:35 AM
348 Posts
Joined Jul 2009
Maximus831Feb 16, 2023 03:35 AM
348 Posts
Quote from tonkotsu :
people making 135k+ single or 200k+ married are probably not as concerned about a measly 2k
I beg to differ. I am bummed about the decrease as it was $300k for married filing jointly in the past.

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Feb 16, 2023 03:37 AM
491 Posts
Joined Feb 2012
Mikey122687Feb 16, 2023 03:37 AM
491 Posts
Quote from Maximus831 :
I beg to differ. I am bummed about the decrease as it was $300k for married filing jointly in the past.
Yep, I make over the cap but rather get an extra $2k back.

Some people forget this is "slickdeals" not "measly deal"
Feb 16, 2023 03:39 AM
509 Posts
Joined May 2018
vndragonslayerFeb 16, 2023 03:39 AM
509 Posts
Quote from Knightshade :
Depends on if that brand gets into the same # of the same type of accidents or not obviously.

Teslas published data shows their accident rate is significantly lower than average between their passive and active safety features, but their ADAS systems.... Additionally NHTSA and other crash testing data show Teslas have the lowest chance of passenger injury of any vehicles on the road- meaning the insurance risk for that is lower in a Tesla than anything else.

So even if the cost for repairs were higher other factors like those might mitigate them in the other direction.



Also when folks say Teslas are "expensive" to insure it's largely people coming to them from like Corollas and such...

https://www.motortrend.com/featur...nce-costs/ [motortrend.com]

That's Motortrend, comparing actually similar vehicles... in this case a Model 3 and a BMW 3 series end up pretty similar in insurance costs... and a Model S and BMW 7 series, where the BMWs are hundreds cheaper a year to insure, but cost thousands more for the vehicles...and a Model Y and a BMW X3... similar story to the S/7 given todays pricing (the Y is cheaper thousands less for a comparable trim but costs a couple hundred more to insure annually)... then they compare a Model X to BMWs X5, which is the only place Tesla loses overall-- and also the only Model of Tesla I don't generally recommend to people.
obviously.. coming from rust bucket 1995 corolla to my/m3 is going to triple cost in insurance...
1
Feb 16, 2023 04:21 AM
304 Posts
Joined Dec 2016
anhdongtxFeb 16, 2023 04:21 AM
304 Posts
Quote from Mamiww6 :
Not trying to hate Tesla. But your statement makes no sense. If a car repair cost too much to repair after collision, wouldn't it make sense for the insurance companies to charge more for the premiums for that particular brand? The same principle applies to locations with common theft problems, Zip Codes with higher accident numbers and so on. I guess your case is super unique.
It depends on the insurance company

I have Tesla insurance and cheaper is real. Tesla insurance does thing differently, they use safety score collected from the car instead of age, claim history etc

Obviously if you drive like a maniac and have a bad safety score you pay more. I find I am paying more attention to my driving because I am cheap. Maybe that's a good thing lol
Feb 16, 2023 04:28 AM
5 Posts
Joined Jul 2015
yashash12Feb 16, 2023 04:28 AM
5 Posts
Anybody who placed order on 01/17, MYLR Blue, Black Interior no other upgrades.

Have you got the VIN or final Delivery date ?
Feb 16, 2023 04:30 AM
669 Posts
Joined Oct 2016
RWelchSFeb 16, 2023 04:30 AM
669 Posts
did your my come with a j1772?
Feb 16, 2023 04:33 AM
442 Posts
Joined May 2021
backmenuinfoFeb 16, 2023 04:33 AM
442 Posts
They removed my VIN : ( EDD is still the same tho.
I was waiting for my trade-in to take place this weekend because the tesla quote was 3.5k below CarMax and 2.5k below Carvana.
Feb 16, 2023 04:38 AM
1,022 Posts
Joined Jan 2009
phoceanFeb 16, 2023 04:38 AM
1,022 Posts
Quote from Hpcasper :
No VIN yet

Ordered: 1/14
Estimated Delivery: February 28 - March 28

Location: Paramus NJ

Model Y LR White
Black interior
20'' Induction Wheels
Seven Seater
Does 7 seater qualify nj rebate?

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Feb 16, 2023 04:39 AM
122 Posts
Joined May 2014
V-007Feb 16, 2023 04:39 AM
122 Posts
Quote from happens31 :
Who's still waiting for GCFCU or got in contact with someone?
I am still.
submitted same as you on friday if i recall correctly.
no reachout yet.
Car is scheduled for 3/15-3/31 so I think there is enough time (at least right now)

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