Tesla Malaysia drops prices by RM8k – Model 3 now from RM181k, Model Y from RM191k

Tesla Malaysia drops prices by RM8k – Model 3 now from RM181k, Model Y from RM191k

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:

Tesla Model 3:

  • Rear-Wheel Drive – RM181,000 (launch RM189,000)
  • Long Range AWD – RM210,000 (launch RM218,000)
  • Performance – RM242,000

Tesla Model Y:

  • 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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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

  • 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.

  • newme on Apr 26, 2024 at 10:44 am

    Wonder that the EV FB groups will tell to comfort each other.

    Like or Dislike: Thumb up 48 Thumb down 3
    • He Long Must on Apr 26, 2024 at 11:25 am

      Takpe la geng. We contributed to Tesla’s R&D budget for future models

      Like or Dislike: Thumb up 25 Thumb down 5
      • Dah Menang Semua on Apr 26, 2024 at 12:29 pm

        What an interesting price war
        Efficient supply chain
        vs Govt kick-backs

        Like or Dislike: Thumb up 11 Thumb down 1
        • Smartess on Apr 26, 2024 at 2:03 pm

          Deswai i alwiz tell pipu to wait for Proton Iriz EV @ $55ribu only.

          Like or Dislike: Thumb up 11 Thumb down 4
      • elongatedmuskrat on Apr 26, 2024 at 12:36 pm

        what r&d budget bro. tesla stopped making new stuff for how long already. how old are the current models. highland is just a facelift. you paid for elon’s Special K cornflakes bro

        Like or Dislike: Thumb up 29 Thumb down 5
        • PH King Marcos Jr on Apr 26, 2024 at 12:45 pm

          Funds all going into starlink and spaceX

          Like or Dislike: Thumb up 14 Thumb down 3
        • Proud driver of BYD on Apr 26, 2024 at 1:28 pm

          I park my car side by side with Merz CLA. All attention come to me. Pity those luxury cars owner

          Like or Dislike: Thumb up 12 Thumb down 40
          • Wang Chuanfu on Apr 26, 2024 at 5:27 pm

            Was the anjing laut on fire and everyone was looking for the owner?

            Like or Dislike: Thumb up 17 Thumb down 15
          • @Wanf Chuanfu

            Then try Tesla, if you think is good but already proven that Tesla aren’t reliable than any other brands

            Like or Dislike: Thumb up 3 Thumb down 1
        • R&D does not mean must have new stuff. Some research hit road block.

          Unlike in some countries where all the companies steal tech from others. If they don’t have the tech, they will lie.

          Like or Dislike: Thumb up 5 Thumb down 11
    • Hellhole on Apr 26, 2024 at 11:57 am

      We have the money to throw away. Just like buying Iphone 15, we expect prices to drop further as batteries become cheaper. After 5 years we can expect to donate it to our 17 year old kids as their first car. Those who cannot afford to play around with new tech can keep their Honda City.

      Like or Dislike: Thumb up 25 Thumb down 18
      • Current Tesla owners suffered another $28ribu RV drop ..thats rlly alot dude.

        Like or Dislike: Thumb up 10 Thumb down 0
      • The power of dreaming on Apr 26, 2024 at 5:30 pm

        B40 yang acah2 T20 tu gi main jauh2

        Like or Dislike: Thumb up 10 Thumb down 2
        • Pro-Palestine on Apr 27, 2024 at 9:28 am

          All the Tesla fanbois crying now. That day all of them said TESLA sells better than BYD. What a joke. If sell better then why drop price. Truth is most consumers know BYD Seal is made better with non degradable battery. Tesla battery cannot fully charge and it degrades very fast. BYD blade battery after almost 2 million KM has less than 10% degradation.

          Like or Dislike: Thumb up 4 Thumb down 7
          • Mike Tee on Apr 29, 2024 at 9:58 am

            Bruh the Model 3/Y RWD uses BYD battery lah

            Like or Dislike: Thumb up 3 Thumb down 0
    • can you write a blog about tesla latest update?

      Like or Dislike: Thumb up 0 Thumb down 0
  • Good Samaritans on Apr 26, 2024 at 10:50 am

    The only time prices of barang TURUN!

    Dear monopolies and overconfident brand (e.g Honda, toyota etc), this is how you get people’s trust and market strategy.

    LEARN!

    Like or Dislike: Thumb up 40 Thumb down 11
    • Jaypigjay on Apr 26, 2024 at 11:28 am

      Still waiting for Loki to announce EV rotek structure

      Like or Dislike: Thumb up 24 Thumb down 0
      • ThePolygon on Apr 26, 2024 at 12:36 pm

        He said this month right?

        Like or Dislike: Thumb up 2 Thumb down 0
        • Dah Menang Semua on Apr 26, 2024 at 4:48 pm

          Happy news for T20
          Buy 3.8s with cheap roadtax
          No need to spend 400 500 800 1mil
          Not enough money then
          MacDorNie tax on M40

          Like or Dislike: Thumb up 1 Thumb down 2
    • newme on Apr 26, 2024 at 11:53 am

      How dumb can one be… What will happen to the resale value?

      Like or Dislike: Thumb up 6 Thumb down 14
      • PH King Marcos Jr on Apr 26, 2024 at 12:48 pm

        Reliance on resale value can’t rescue used car dealers stuck with overwhelming stock baked under the sun nowadays

        Like or Dislike: Thumb up 20 Thumb down 0
      • How dumb can be a person expecting a good resale value for EV now?

        Like or Dislike: Thumb up 26 Thumb down 1
      • Yilong Ma on Apr 26, 2024 at 4:30 pm

        in EV market, it is not about how high the resale value can go, it is instead, how low can the EVs prices can go so that people dont even care about resale value anymore.

        Like or Dislike: Thumb up 20 Thumb down 0
    • 4GR-FSE on Apr 26, 2024 at 1:36 pm

      Price drop because demand drop la.. that is called economics..
      By the way, Toyota just hit another record sales.
      Toyota stock price went up while Tesla went down.
      Why Toyota bother to drop price??

      Like or Dislike: Thumb up 21 Thumb down 3
      • Pro-Palestine on Apr 27, 2024 at 9:32 am

        All buying BYD that is why TESLA was forced to drop price. Still not many will buy TESLA coz their battery degrade very fast. BYD’s blade almost 2 million KM only degrade 7-8%. How TESLA can challenge BYD? No chance.

        Like or Dislike: Thumb up 3 Thumb down 3
  • paanjang16 on Apr 26, 2024 at 10:55 am

    Begun the price wars has.

    Now waiting to see how BYD, Chery, Ora and MG react to this price drop.

    Like or Dislike: Thumb up 28 Thumb down 16
    • President Xi on Apr 26, 2024 at 11:26 am

      Oh no, oh no, oh no no no

      Like or Dislike: Thumb up 5 Thumb down 0
    • TeslaFanboi on Apr 26, 2024 at 11:27 am

      Different segment. Tesla fight with byd seal. Hyundai and kia left the chat already. Byd the one start price war, now tesla price match.

      Like or Dislike: Thumb up 22 Thumb down 2
      • Tesla reduces price to fight overall low EV demand.
        BYD reduces price trying to fight Tesla.
        Both fighting for different reasons.

        Like or Dislike: Thumb up 9 Thumb down 14
  • solar on Apr 26, 2024 at 11:20 am

    Nice! thank you BYD! thank you Tesla! Thank you market competition!! will decide on my new EV purchase today!

    Like or Dislike: Thumb up 12 Thumb down 1
  • Sohai on Apr 26, 2024 at 11:26 am

    Ringgit weaken against USD some more this drop price.
    The japanese players got to look themselves in the mirror.

    Like or Dislike: Thumb up 35 Thumb down 3
  • Rakyat Malaysia on Apr 26, 2024 at 11:28 am

    Thanks to our PMX. Cheaper cars for rakyat

    Like or Dislike: Thumb up 19 Thumb down 13
    • Want reduce petrol subsidiary. Force those afford switch to EV. The next step removed electricity subsidiary of these people.

      Like or Dislike: Thumb up 4 Thumb down 4
  • pengguna ploton kecewa on Apr 26, 2024 at 11:31 am

    half hearted reduction by TESLA malaysia. should emulate discount level same with other Tesla in developed countries. Mr Elon please take note

    Like or Dislike: Thumb up 11 Thumb down 8
  • Ben Yap on Apr 26, 2024 at 11:36 am

    poor sales and reduce price. those buyers that bought at a higher price will start to jump.

    Like or Dislike: Thumb up 15 Thumb down 1
  • BYD First Batch Owner on Apr 26, 2024 at 11:41 am

    It proved that BYD is too good. Tesla must drop price to compete. Tesla shall drop another 20k to be competitive. BYD definitely king of the EV.

    Like or Dislike: Thumb up 35 Thumb down 14
    • newme on Apr 26, 2024 at 11:59 am

      You normally hear “add a little more and get a Tesla” and not the other way round.

      Like or Dislike: Thumb up 10 Thumb down 6
    • BYD The Best on Apr 26, 2024 at 1:26 pm

      I used my Seal to smoke the Taycan at the Elite highway. Shame on porsche driver. You better buy BYD.

      Like or Dislike: Thumb up 18 Thumb down 11
      • Liar. EVs don’t have smoke. :P

        Like or Dislike: Thumb up 12 Thumb down 1
        • He Long Must on Apr 26, 2024 at 5:05 pm

          He not lying. He did smoke that taycan coz his anjing laut exploded trying to keep up

          Like or Dislike: Thumb up 16 Thumb down 1
          • Byd sales men on Apr 26, 2024 at 10:54 pm

            LOL full of byd sales men here. Very low quality buyer. So kiasu.

            Like or Dislike: Thumb up 2 Thumb down 13
          • @Byd sales men

            At least BYD fanboys don’t talk bad and didn’t talk any nonsense, unlike Tesla salesmen have been talking nonsense quite often. Even toyota/honda fanboys and toyota/honda salesmen at least much better behavior than tesla fanboys/salesmen

            Like or Dislike: Thumb up 3 Thumb down 1
          • CB YG on Apr 27, 2024 at 7:16 pm

            You want class and you can afford, belilah Tesla. You want second class, belilah BYD. Senang je.

            Like or Dislike: Thumb up 3 Thumb down 1
    • bro BYD Atto 3 new RM160K; 1 year later i was quoted trade-in of RM75K.

      BYD definitely the king of depreciation, more like.

      Like or Dislike: Thumb up 7 Thumb down 8
  • Wai Beng Lam on Apr 26, 2024 at 11:59 am

    Another poor quarter from tesla, 170k…

    Like or Dislike: Thumb up 11 Thumb down 1
  • CHINA EV cars Over Capacity on Apr 26, 2024 at 12:26 pm

    BEST things to happen in your lifetime

    Like or Dislike: Thumb up 1 Thumb down 0
  • anonymous on Apr 26, 2024 at 12:34 pm

    meanwhile honda will be like “surprise we increased the prices of our cars between 1k-10k across the board” lmao (not me defending Tesla)

    Like or Dislike: Thumb up 16 Thumb down 1
  • Those brands with only EV have to join the price war. Brands like Merc and BMW will never join it. They have ICE to cover their sales. Also drop price will drop brain image. Tesla can only be Toyota of EV cars. It can never be luxury cars

    Like or Dislike: Thumb up 8 Thumb down 1
  • 4GR-FSE on Apr 26, 2024 at 1:39 pm

    Buat boikot lah… Mungkin harga boleh turun lagi..
    Malaysia kan pakar kaki boikot..

    Like or Dislike: Thumb up 34 Thumb down 1
    • Socks, stilettos & floor mats on Apr 26, 2024 at 5:10 pm

      Will look at the undercarriage for hidden wordings

      Like or Dislike: Thumb up 12 Thumb down 7
  • Golfer on Apr 26, 2024 at 2:10 pm

    There is definitely much more room to drop prices including the other brands as the market gets flooded with more and more EVs. Just wait and see.

    Like or Dislike: Thumb up 5 Thumb down 0
  • Chan Boon Chew on Apr 26, 2024 at 2:43 pm

    Haha, someone said before if a product is good, there is no need to reduce the selling price, only inferior products need to give discount. Let see if he will slap himself for this.

    Like or Dislike: Thumb up 4 Thumb down 0
    • Tesla is US car. Since when US is linked with good car? Start from Germany, UK, Italy. US? Those who buy Ford before will know!

      Like or Dislike: Thumb up 3 Thumb down 2
  • Chan Boon Chew on Apr 26, 2024 at 2:54 pm

    Toyota, please don’t drop your price. Good products do not need to drop price.

    Like or Dislike: Thumb up 1 Thumb down 5
    • Scotty kilmer on Apr 26, 2024 at 5:13 pm

      You damn right

      Like or Dislike: Thumb up 2 Thumb down 2
    • Mike Tee on Apr 29, 2024 at 10:02 am

      At some point price points of ICE vs EV will flip and it won’t make sense to buy ICE anymore. EVs will keep getting cheaper and cheaper, ICE has been going up in price.

      People buy cars that fits their needs at the price point they want to/can pay. Not many are petrol heads. It’s like mechanical watches vs quartz, fountain pen vs ballpoint, film vs digital cameras, etc.

      Like or Dislike: Thumb up 1 Thumb down 0
  • The Saint on Apr 26, 2024 at 3:32 pm

    Signs of time…..

    Good for consumers.

    Like or Dislike: Thumb up 3 Thumb down 0
  • ROTI CANAI on Apr 26, 2024 at 4:01 pm

    price war is good.

    but pls la, fire those useless salespeople at your showrooms and open showrooms at less expensive places instead of stupid pavisinga damansara

    Like or Dislike: Thumb up 13 Thumb down 0
  • safety on Apr 26, 2024 at 5:49 pm

    When will the Tesla Model 3 revert to having a signal stalk?

    https://paultan.org/2024/03/06/euro-ncap-to-require-selected-physical-controls-for-five-star-rating-from-2026-turn-signals-wipers-horn/

    Like or Dislike: Thumb up 3 Thumb down 1
  • not a fan boy just passionate on Apr 26, 2024 at 6:20 pm

    people say resale value go down the drain. but I drive my car until value is zero. so no problem for me hahaha

    Like or Dislike: Thumb up 6 Thumb down 0
  • Bodoh dan gila on Apr 26, 2024 at 7:42 pm

    Ada aku kisah?

    Like or Dislike: Thumb up 0 Thumb down 0
  • How do you even buy a Tesla if you don’t stay in selangor?

    Like or Dislike: Thumb up 3 Thumb down 0
  • Richard on Apr 28, 2024 at 5:45 pm

    Picked up car on 27 April.
    We had delayed payment and collection as we were travelling overseas.
    Luckily announcement on 26 April.
    Received email and new invoices and credit note in app reflecting rm8k reduction.
    During pick up orientation briefing they highlighted price drop and refund within 60 to 90 days to bank account.
    Sorry to those that picked up car before price drop announcement.

    Like or Dislike: Thumb up 2 Thumb down 0
  • Autodriver on May 02, 2024 at 8:42 am

    It is good to heard that EV price drop benefit to consumer. Do no consider to buy an EV if resales value is a biggest concern.

    EV not so convenient to travel ultra long distance like 500km one way. But mind you that you do not need a stop over for charging even if travel from KL to JB or KL to Penang for a WLTP 500km full charge at speed of 110-120km/h. Any distance longer than 400km needed a charge is reasonable. In near future all highway R&Rs should equiped with few DC chargers, a 20 min DC charge should at least give another 200km range.

    Nowadays also more and more new condo equiped with self-pay AC charger and also getting more hotels providing EV charging facility.

    Like or Dislike: Thumb up 2 Thumb down 0
 

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