Following reported price drops in several markets internationally, Tesla has announced reductions in prices for its models in Malaysia, with price reductions of RM8,000 across the board save for the 2024 Model 3 Performance that was just announced for the Malaysian market this week, from RM242,400.
Here are the latest prices of Tesla vehicle models in Malaysia:
- Rear-Wheel Drive – RM181,000 (launch RM189,000)
- Long Range AWD – RM210,000 (launch RM218,000)
- Performance – RM242,000
- Rear-Wheel Drive – RM191,000 (launch RM199,000)
- Long Range AWD – RM238,000 (launch RM246,000)
- Performance – RM280,000 (launch RM288,000)
The Model 3 Rear-Wheel Drive does 513 km on a full charge, while the Model 3 Long Range AWD does 629 km. The Model 3 Performance, with its stronger acceleration and top speed figures, does 528 km; all figures are based on the WLTP standard.
The Model Y Rear-Wheel Drive does 455 km on a full charge, while the Model Y Long Range AWD attains 533 km; the Model Y Performance manages 514 km. As with the Model 3, all range figures are based on the WLTP standard.
All fully imported (CBU) electric vehicles in Malaysia are tax-exempt until the end of 2025, which means EVs such as those from Tesla are exempted from import duty and excise duty.
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AI-generated Summary ✨
Comments largely focus on the recent price drops by Tesla and BYD, viewing it as beneficial for consumers and indicative of an ongoing price war in the EV market. Many see the reductions as a response to decreasing demand and increased competition, particularly from BYD. There is skepticism about Tesla’s reliability and battery degradation issues, with some praising BYD’s battery longevity. Several comments highlight the broader economic implications, noting the expansion of EV charging infrastructure and the shift away from ICE vehicles. Some mention impacts on resale value and brand perceptions, while others express satisfaction with current market developments and price reductions. Overall, sentiments are mixed, with optimism about evolving EV prices and skepticism about long-term brand reputation.