Recently, Tesla Malaysia updated the pricing for its entire model range on its online configurator. Following market speculation triggered by the Ministry of Investment, Trade and Industry's (MITI) new Completely Built-Up (CBU) electric vehicle (EV) guidelines set to take effect on 1 July 2026, Tesla has introduced a slight price adjustment across its local lineup.
This price revision affects all Model 3 and Model Y variants currently on sale here, with price hikes ranging from RM 1,400 to RM 3,000. While the percentage increase is relatively minor (between 0.95% and 1.31%), the price adjustment still warrants attention from prospective buyers in the country.
According to the latest details on Tesla Malaysia's official website, the revised pricing for each variant is as follows:
Tesla Model 3
As Tesla's volume seller in Malaysia, the entry-level Rear-Wheel Drive (RWD) variant sees a minor price bump but still manages to stay below the RM 150,000 mark:
Rear-Wheel Drive (RWD): RM 149,000 (previously RM 147,600, up by RM 1,400)
Premium Rear-Wheel Drive: RM 171,000 (previously RM 169,000, up by RM 2,000)
Premium Long Range Rear-Wheel Drive: RM 187,000 (previously RM 185,000, up by RM 2,000)
Performance All-Wheel Drive: RM 232,000 (previously RM 229,000, up by RM 3,000)
Tesla Model Y
The Model Y range also sees a minor price adjustment across the board, alongside a slight restructuring of the variant lineup:
Premium Rear-Wheel Drive: RM 198,000 (previously RM 195,450, up by RM 2,550)
Premium Long Range Rear-Wheel Drive: RM 219,000 (previously RM 216,450, up by RM 2,550)
Model Y L Premium All-Wheel Drive (6-seater): RM 263,000 (previously RM 260,000, up by RM 3,000)
Note: The Model Y Long Range All-Wheel Drive was officially dropped from the Malaysian lineup earlier this month, making the six-seater Model Y L the sole AWD option in the range for now.
There has been much chatter in the local automotive circle regarding MITI’s new guidelines for CBU imported EVs—specifically the requirement for a minimum CIF (Cost, Insurance, and Freight) value of RM 200,000 and a minimum power output of 180 kW.
However, industry sources and analysts suggest that this latest round of price hikes is not a direct result of MITI's new policy, but rather a routine global pricing adjustment by Tesla. Nonetheless, it has still created a noticeable psychological impact on the local market.
Additionally, with recent updates to optional equipment (such as Full Self-Driving transitioning to future subscription, and Malaysian buyers currently having the option to add Enhanced Autopilot for RM 16,000), buyers will need to recalculate their total budget when configuring their vehicles.
Model 3 RWD remains highly competitive: For budget-conscious local buyers, the main concern is whether the entry-level Model 3 RWD still offers strong value for money. Even with the RM 1,400 increase, its price of RM 149,000 just manages to stay under the psychological RM 150,000 mark.
Compared to traditional internal combustion engine (ICE) alternatives in the same price bracket (like the Honda Civic) or Chinese EV rivals, the Model 3 remains a compelling option thanks to its advanced infotainment system, expanding Supercharger network, and brand appeal.
Stable delivery times: According to the online configurator, the estimated delivery waiting time for the base and premium Model 3 RWD is between 2 and 3 months, while the Long Range and Performance variants take about 3 to 4 months. As for the Model Y, the RWD variant can be delivered in 1 to 2 months. For buyers looking to get a car urgently or before major festive seasons, these waiting periods are still highly reasonable.
Strong sales momentum: According to vehicle registration data from the Road Transport Department (JPJ), Tesla recorded strong sales in June 2026 with 935 registrations in a single month. This brings its cumulative registrations for the first half of the year to 1,962 units (consisting of 1,001 units of the Model Y and 961 units of the Model 3). This shows that despite global price adjustments and policy uncertainties, local demand for Tesla vehicles remains robust.
An increase of RM 1,400 to RM 3,000 is relatively small compared with the overall price of an EV costing well over RM 100,000, representing less than 1.5% of the vehicle's total price. If your purchase budget already includes some flexibility, this adjustment is unlikely to significantly affect your financial planning.
Rather than focusing too much on the price difference, buyers should prioritise their actual needs — such as choosing between a sedan and an SUV, or whether long driving range is essential — and make a decision based on their requirements. For those who are ready to buy, securing an order earlier may be the more practical approach.
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