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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 2,615,416 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 19, 2023 04:03 AM
1,020 Posts
Joined Sep 2008
JV13Feb 19, 2023 04:03 AM
1,020 Posts
My MYP is showing delivery March 10-31. No one is sure if we will qualify for the $7500 if we get delivery after February?
Feb 19, 2023 04:10 AM
85 Posts
Joined Jan 2018
Nos4r2Feb 19, 2023 04:10 AM
85 Posts
Quote from ericdabbs :
So when you say 20% down, so like when the car costs $58K and you only borrow $40K, you would be borrowing less than the 80% threshold of the total car costs so does that automatically qualify you for the 2.49% rate?

Or maybe without making it more complicated, basically you can only borrow up to 80% of the purchase price of the car?
Correct, 80% loan amount.
Feb 19, 2023 04:15 AM
85 Posts
Joined Jan 2018
Nos4r2Feb 19, 2023 04:15 AM
85 Posts
Quote from grxnxdos :
What documents do they request? I want to get a head start on putting these together. Thanks in advance!
I had to send mine and my husbands drivers license again. This was for membership only.
Feb 19, 2023 04:28 AM
31 Posts
Joined Jan 2010
THEANHDYFeb 19, 2023 04:28 AM
31 Posts
2023 MYP white/white
Order Date Friday 2/3/2023
Estimated Delivery Date 3/1-3/31
No VIN assignment yet
Feb 19, 2023 04:32 AM
89 Posts
Joined Apr 2016
salithdFeb 19, 2023 04:32 AM
89 Posts
I took delivery of my MYLR On 29th Jan. I noticed that there was a small chip on the right hand side head light. It was very minor but I put that in as a service request within the first 100 miles. They gave me an appointment for 18th Feb. It was a smooth transaction overall. Service guys at Tesla were super helpful. They ended up replacing the light. Very good experience so far!
Feb 19, 2023 05:11 AM
442 Posts
Joined May 2021
backmenuinfoFeb 19, 2023 05:11 AM
442 Posts
How does it work if I choose not to trade in my old car with Tesla but with Carmax? Should I trade in and make a payment to Tesla on a delivery day?
Feb 19, 2023 05:52 AM
18 Posts
Joined Feb 2020
hoosieraryFeb 19, 2023 05:52 AM
18 Posts
Quote from tommyvelocity :
It does look different.

The Reddit post had 2 or 3 more pictures and you can clearly see that they may have missed a coat or two as the tone of the white is definitely different.
no issues with matching on the front panel they replaced.

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Feb 19, 2023 06:08 AM
1,736 Posts
Joined Aug 2003
tommyvelocityFeb 19, 2023 06:08 AM
1,736 Posts
Quote from merc-8181 :
Took a $250 risk and Ordered MYLR yesterday at $55k. Not sure if I will get it in March. Hoping for the best outcome out of it.
Tesla already said they sold out of Model Y for the quarter. Your only chance would be to get SR from current inventory/production.
Feb 19, 2023 07:05 AM
2,416 Posts
Joined Jan 2013
tonkotsuFeb 19, 2023 07:05 AM
2,416 Posts
Quote from merc-8181 :
Took a $250 risk and Ordered MYLR yesterday at $55k. Not sure if I will get it in March. Hoping for the best outcome out of it.
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
Feb 19, 2023 07:15 AM
38 Posts
Joined Oct 2013
merc-8181Feb 19, 2023 07:15 AM
38 Posts
Quote from tonkotsu :
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
MYP is little more than LR. You mean it will be delivered sooner than LR? Do you know if I can switch the model in a existing order?
Feb 19, 2023 07:34 AM
38 Posts
Joined Oct 2013
merc-8181Feb 19, 2023 07:34 AM
38 Posts
Quote from tonkotsu :
You'll likely only get half the credit, should have gone with the MYP n gambled for the full credit to offset it
Does MYP qualify for full credit? 5 seater has to be less than $55k, correct?
Feb 19, 2023 07:55 AM
32 Posts
Joined Jan 2014
Tesla_dudeFeb 19, 2023 07:55 AM
32 Posts
Quote from merc-8181 :
Does MYP qualify for full credit? 5 seater has to be less than $55k, correct?
That's changed now to $80k
Feb 19, 2023 07:56 AM
32 Posts
Joined Jan 2014
Tesla_dudeFeb 19, 2023 07:56 AM
32 Posts
Quote from merc-8181 :
MYP is little more than LR. You mean it will be delivered sooner than LR? Do you know if I can switch the model in a existing order?
Yes you can and give a try
Feb 19, 2023 09:46 AM
189 Posts
Joined Dec 2016
mrhightower11Feb 19, 2023 09:46 AM
189 Posts
Lmk if any of y'all got the MYLR with any color besides stock white that's tax credit eligible
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Feb 19, 2023 12:18 PM
146 Posts
Joined Nov 2019
LordChodFeb 19, 2023 12:18 PM
146 Posts
About the 7500 rebate— If i sell a property this year for $350k is it considered as an income? Do I get disqualified for the fed rebate? Anyone has insight in this? Thanks

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