Tesla Malaysia is set to officially launch next week, and the pricing for the highly anticipated Tesla Model Y for the local market has been revealed. According to Paultan, the Tesla configurator for Malaysia is now available online, and the starting price for the fully electric Model Y SUV in Malaysia is a remarkable RM199,000. This makes it not only cheaper than in neighboring countries like Singapore and Thailand, but also puts other electric vehicles in our market at a significant price disadvantage.
In Malaysia, the Tesla Model Y is available in three versions: a rear-wheel-drive model, and two dual-motor all-wheel-drive variants. Here are the official prices for each version: Rear Wheel Drive – RM199,000, All-Wheel Drive Long Range – RM246,000, and All-Wheel Drive Performance – RM288,000. These Tesla models are fully imported and currently enjoy various incentives, including import and excise duty exemptions, as well as free road tax until the end of 2025. The Malaysian government is also considering lower road tax rates for electric vehicles compared to internal combustion engine vehicles.
The Model Y comes in five colors: Pearl White, Solid Black, Midnight Silver Metallic, Deep Blue, and Red. The Pearl White option does not require any additional cost, while the other four colors require a top-up of RM5,000. The configurator also offers additional upgrades and options for extra fees. Upgrading from 19″ Gemini to 20″ Induction Wheels costs RM10,000, while changing the interior from Black to White costs an extra RM5,000. Optional tech upgrades include Enhanced Auto Pilot for RM16,000 and Full Self-Driving Capability for RM32,000.
Bookings for the Model Y are now open online with a non-refundable RM1,000 payment via card. The base rear-wheel-drive Model Y in Pearl White costs RM205,700, including delivery, number plate, and order fees. However, taxes and other fees are not included. On a 5-year loan, the estimated monthly cost is around RM3,420 with a downpayment of RM20,400. It is important to note that delivery of the new EV may take approximately 6 months, as Tesla Malaysia has listed an estimated delivery timeline of early 2024. The Tesla vehicles in Malaysia are covered by a 4-year/80,000km basic vehicle warranty, and the battery has an 8-year/160,000km warranty period with a minimum 70% battery capacity retention.
The Tesla Model Y is currently the world’s best-selling car for Q1 2023, surpassing other popular models like the Toyota Corolla. The base Model Y features a single motor powering the rear wheels, with 255kW (347hp) and 420Nm of torque. It can accelerate from 0-100km/h in 6.9 seconds and has a top speed of 217km/h. With a 57.5kWh battery, the rear-wheel-drive Model Y has a rated range of 430km on the WLTP cycle. For more range and performance, customers can upgrade to the All-Wheel-Drive Long Range Model Y for an additional RM47,000. This version features a dual-motor setup, with 378kW (514hp) and 493Nm of torque, capable of accelerating from 0-100km/h in just 5.0 seconds. The battery capacity is larger at 75kWh, providing a rated range of 533km (WLTP). The top-tier Tesla Model Y Performance, priced at RM288,000, offers higher power output at 393kW (534hp) and 660Nm of torque. It boasts a quicker acceleration of 0-100km/h in 3.7 seconds and a higher top speed of 250km/h. While the range is slightly reduced to 514km, it is still an impressive figure.
Aside from the electric vehicles themselves, Tesla’s presence in Malaysia also brings the benefit of its extensive Supercharger network. Tesla Malaysia’s website has listed 10 upcoming Supercharger locations, covering areas such as the Klang Valley, Johor, Negeri Sembilan, Perak, and Pulau Pinang. According to Minister of Investment, Trade, and Industry Tengku Zafrul Aziz, Tesla is required to install at least 50 Superchargers in Malaysia within 3 years. These Superchargers provide up to 270km of driving range with just a 15-minute charge.
For those who missed it, an early look at the Tesla Model Y in Malaysia is available on YouTube. The video showcases the car before its official entry into the market when grey-imported units were priced at over RM400,000.
