Tesla Worldwide Index – affordability of Model S, Model 3, Model X, Model Y in various markets shown

Tesla Worldwide Index – affordability of Model S, Model 3, Model X, Model Y in various markets shown

It’s safe to say that Tesla is among the first brands to come to mind when electric vehicles are mentioned. In 2020, the California-based company produced 509,737 vehicles in total with 499,550 units delivered to customers, with production of the Model Y SUV to commence this year and further contribute to its volume.

It also said in 2018 that it would be able to produce a model at the US$25,000 (RM100k) price point, which has recently been rumoured to be a model based on the Model 3 but positioned below it, and be designed and produced in China.

With affordability in mind, conversations will inevitably turn to the cheapest, or more expensive markets for purchasing Tesla vehicles. To that end, Australian website Budget Direct has released its findings for the affordability of Tesla models in various countries, based on data from Tesla and the World Bank.

Key findings as reported by by Budget Direct revealed that Singapore is the most expensive country in which to buy a Tesla, with prices averaging US$276,146.35 (RM1,123,501) in the city-state. Unsurprisingly the cheapest country for Tesla ownership is its native United States, where buyers paid US$59,347.50 (RM241,455) on average.

Like other brands of cars sold in Singapore, Tesla is subject to such high prices because the city-state’s government wants to reduce the number of vehicles in order to limit car usage. In the case of all available Tesla models, Singapore remains the most expensive country to purchase each of the models in.

In terms of affordability, here presented as a a percentage of annual income, Norway has come out tops with an average pricing for Teslas in the country requiring just 104.74% of its resident’s average annual income to purchase. At the other end of the scale, India takes its place as the least affordable country in which to own a Tesla, which requires 8694.83% of average annual income.

Where the Model S is concerned, the country with the outright lower price isn’t the United States, but Oman, where the cheapest new example was found for just over US$65k (RM264,582), compared to US$69k (RM280,864) in its homeland. This is Tesla’s first production passenger vehicle after the Roadster, which was just refreshed with new tech and an aircraft-inspired steering yoke.

The Model 3 is the firm’s most affordable model, arriving on the market in 2017 and becoming the most popular model in the Tesla range. China is the cheapest place to buy a Model 3, where it costs US37.3k (RM151,829) on average. Meanwhile in Malaysia, UK-sourced units can be ordered at around RM390k for the Standard Range variant, or around RM450k for the Long Range Performance variant.

Next, the largest and priciest vehicle in the line-up, the Model X is cheapest once again in the United States, at US$79.9k (RM325,232) and the next-cheapest markets for the vehicle being Canada and Macau. The heftiest Tesla price tag of any country is in Singapore, where the Model X costs US$353k (RM1.4 million). This has also been updated for 2021 alongside the Model S.

Rounding up the Tesla collective for worldwide pricing is the Model Y, the newest model in the range. Once again, the United States brings the smallest Model Y price tag at US$49.9k (RM203,117), and in line with its accolade of most affordable country for range-wide Tesla ownership against annual income, Norway has the third-cheapest confirmed price for the Model Y at US$59,243 (RM241,148), according to Budget Direct.

GALLERY: 2021 Tesla Model S facelift

GALLERY: 2021 Tesla Model X facelift

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Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • Dong gor on Feb 05, 2021 at 8:07 pm

    Rakyat sekalian, let’s wait for China ev…want cheap nasi lemak and teh Tarik, we have to sacrifice on brands like Tesla.

    Like or Dislike: Thumb up 4 Thumb down 3
    • China is the cheapest place to buy a Model 3, where it costs US37.3k (RM151,829) on average. Meanwhile in Malaysia, distro should sourced from China and sell the Model 3 here RM180k. Those UK-sourced units too expensive selling at around RM390k.

      Like or Dislike: Thumb up 3 Thumb down 0
      • Avenger on Feb 06, 2021 at 4:06 pm

        Can import from Japan but topkek distro maximum untung with UK exchange rate. Without that Model3 only cost RM100k

        Like or Dislike: Thumb up 1 Thumb down 0
      • someone on Feb 06, 2021 at 6:16 pm

        I incredibly agree with you, local dealer need to buy from china since they just opened giga factory there for model 3 and y instead of getting supply at uk, meanwhile govt need to lower the cost to own an electric vehicle to support green tech

        Like or Dislike: Thumb up 0 Thumb down 0
  • kambeng on Feb 05, 2021 at 8:08 pm

    haiz…

    Like or Dislike: Thumb up 0 Thumb down 0
  • suomynona on Feb 05, 2021 at 8:37 pm

    Hahaha

    S.3.X.Y

    Like or Dislike: Thumb up 5 Thumb down 0
  • S3XY….

    Like or Dislike: Thumb up 1 Thumb down 0
  • John Doe on Feb 05, 2021 at 9:44 pm

    Tesla cars are cheaper to buy in Indonesia than Malaysia?

    Like or Dislike: Thumb up 1 Thumb down 0
    • Logical Deduction on Feb 06, 2021 at 10:43 am

      It is expensive here bcoz it is via AP and not by official distro.

      Like or Dislike: Thumb up 3 Thumb down 1
  • Buy Proton Game changer X70 for what need cheap quality foreign cars on Feb 05, 2021 at 11:06 pm

    These high prices are not also for Tesla but also other foreign cars.

    Syukurlah Malaysia masih aman

    Why buy foreign cars when out Proton so game changer? In fact, government should get put in place higher excise and import duties as well as get rid of the tax exceptions/reduced for EVs.This so that people buy game changer Malaysian car than foreign car. For what need competition? You tak suka you keluar.

    Serious note, it’s ridiculous. Singapore is a small city state so they have reasoning for their taxes, also good public transport. Turkey? They are in economic crisis so government needs to put taxes. Indonesia? Still a very poor nation. What excuse does Malaysia have? Still want to protect P1 and P2, price out quality cars for Malaysians.

    Like or Dislike: Thumb up 5 Thumb down 8
    • takbolehla on Feb 06, 2021 at 11:14 am

      Because Malaysia is a very poor nation not only in economic crisis but also in a lot more other crisis.

      Like or Dislike: Thumb up 5 Thumb down 3
    • Someone on Feb 06, 2021 at 6:23 pm

      Proton car is game changer? Do you mean X70/X50? Those are chinese car, it’s from geely not proton. If govt really want people buy local product and really care about environment, they really need to develop and release an electric car, I know that Proton already develop electric car but all of those failed and never reach market.

      Like or Dislike: Thumb up 3 Thumb down 1
      • Rakyat Malaysia on Feb 06, 2021 at 10:23 pm

        Its not that it failed but there is no market for it. Even in advanced countries, it needs Gomen to subsidise every EV car purchase or else very few will buy them. Richer nations can subsidise rich people to buy EV cars but our country should not be doing that.

        Like or Dislike: Thumb up 3 Thumb down 0
  • Amran on Feb 06, 2021 at 1:47 am

    Another proof that Sinkie is most expensive country to buy car. What is basher gonna say now.

    Like or Dislike: Thumb up 9 Thumb down 5
    • So happy to be part World Top, Top4?

      More expensive place to buy a car

      Like or Dislike: Thumb up 0 Thumb down 4
      • Malaysia being not the most expensive nor the most cheapest. In the middle is not too bad but it does blow a huge hole in critics that had been shouting our cars are most costliest globally.

        Like or Dislike: Thumb up 6 Thumb down 3
    • BobMarley on Feb 09, 2021 at 1:02 pm

      Tesla SG just announced the official pricing, and its cheaper than Malaysia. Model 3goes for S$113000

      Like or Dislike: Thumb up 0 Thumb down 0
  • Bieight on Feb 06, 2021 at 10:18 am

    Is the model y even available here???

    Like or Dislike: Thumb up 0 Thumb down 0
    • someone on Feb 06, 2021 at 6:25 pm

      nah it’s not available here but local dealer can get you for ridiculously high price

      Like or Dislike: Thumb up 0 Thumb down 0
  • newme on Feb 06, 2021 at 10:14 pm

    Mahalnya kat Malaysia. Protect, jangan tak protect.

    Like or Dislike: Thumb up 3 Thumb down 0
    • Vader on Feb 07, 2021 at 2:24 pm

      Mahalnya kat seluruh dunia kata Alien. Protect, jangan tak protect Bumi.

      Like or Dislike: Thumb up 3 Thumb down 0
 

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