Automotive Tesla

Published on March 7th, 2023 | by Sounder Rajen


Tesla Cuts Prices In U.S, Malaysia Too Perhaps?

Tesla slashes prices for the Models S and X substantially

Well well well, it looks like Tesla is back at it again, this time the brand is slashing the prices of two of its most expensive models, the Model S and Model X and the price cuts are rather substantial. The question now is, since Tesla has already been given the green light to set up shop in Malaysia, will we also see similar discounts here?

Tesla Model S

Okay, so back in January, Tesla faced heavy criticism for reducing the price of some of its models but the thing that people were unhappy about is not the fact that Tesla had slashed its prices, that actually made many people happy, but the brand did not announce it in any way and instead just left it up to the people to realize.

Moreover, this is not the first time the American electric vehicle (EV) manufacturer has done something like this as last year, Tesla had cut its prices in a few markets such as China but in some cases, the brand did not announce these price cuts. So now, we have to ask, why slash prices again?

Whether Tesla is doing this out of desperation or if its CEO, Elon Musk, sees an opportunity that nobody else does is still unclear, but Musk clearly has a plan for the company with these price cuts, I just hope we get to see what it is soon but is is alarming to see that the Tesla Model X is now USD10,000 cheaper than before.

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While the USD5,000 lower price tag for the Tesla Model S is slightly less frightening, it is still very confusing nonetheless. It is also odd for the company as a few years ago, Musk did say that the brand would not ever introduce discounts even though the cars may be getting older, so why so many discounts now?

On top of that, this is actually the second time that Tesla is slashing prices for these two particular models as the brand cut the price of the Model S by USD10,000 in January of this year and USD11,000 from the Model X that same month. If the brand offers major discounts in Malaysia when it is established here then it may see massive sales.

After all, the Tesla name is already well established and here in Malaysia, many people will choose luxury over anything else and since every other house already has a Rolls-Royce or Bentley, the only way to stand out would have to be a Tesla. However, knowing the brand’s questionable reliability, it may not be the smartest choice.

Tesla Model X

Either way, Tesla seems to have no problem selling its EVs in every market it is in despite having been hit by lawsuits, complaints and worse so perhaps people these days really do not care much for reliability as much as the badge you see on the front of your car.

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