Tesla Model 3 Gets A RM13,000 Price Cut In Malaysia

Other Model 3 variants also received price reductions in Malaysia, with the base RWD model now starting at RM169,000 (which is a RM12,000 reduction) and the Long Range AWD model reduced to RM199,000 (which is a RM11,000 reduction).

This is not surprising given the bigger discounts being given for rival electric car brands and the massive move across the electric car segment in Malaysia.

The Model 3 Long Range Rear-Wheel Drive, a new variant introduced to Malaysia, can travel up to 750km (WLTP) on a single charge, boasting the longest range amongst all Tesla vehicles offered with price starts at RM185,000. Using the Supercharging network at peak charging rate at 250kW, this Model 3 Long Range Rear-Wheel Drive can charge up to 311km in just 15 minutes.

Also, this latest version of the Model 3 features a traditional turn signal stalk for the ease and convenience of driving.

Tesla Model 3 price adjustments have varied by region, but key drivers include increasing competition, especially from Chinese manufacturers, and the company’s continuous efforts to increase sales and market share.

Tesla has been lowering prices globally in response to stiff competition in the electric vehicle (EV) market.

Meanwhile  this price drop and range extension will push previous Model 3 used values even lower, making it less than RM80,000 or so for a used 4 to 5 year old unit.

A variety of carmakers are now producing new and competitive EVs, reducing Tesla’s market share.

In China, where some Model 3s are manufactured, Tesla has dropped prices to stay competitive with local EV makers.

While Tesla remains a market leader, its EV market share has seen a decrease in some regions, such as the US and Australia.

As a new technology, EV manufacturing costs tend to decrease over time and with increased scale. Tesla has been able to lower its production costs, which can allow for lower vehicle prices.

By manufacturing more vehicles, Tesla gains economies of scale, making each car cheaper to produce.

Newer versions of the Model 3, such as the “Highland” update, may feature battery pack upgrades that contribute to cost optimisation.

Price reductions are a strategy to boost sales and clear inventory. Price cuts have been used in response to periods of slower sales. When government tax credits for EVs change or are reduced, Tesla may adjust its pricing to remain competitive.

The pricing strategy for the Tesla Model 3 has differed depending on the market. In Malaysia, Tesla announced price cuts in April 2024 and October 2025, which were influenced by pricing adjustments in China and the US.