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Tesla Slashes Prices for Model 3 and Model Y in Local Market

Updated: Dec 13, 2023

Tesla, the renowned American automaker, has announced substantial price reductions for its Model 3 and Model Y vehicles in the local market. The company attributes this decision to ongoing enhancements in manufacturing efficiency and robust cost control measures.

The latest price adjustment positions the entry-level Tesla Model 3 at just $75,990, representing a significant 5% drop from its previous price of SG$79,990 (excluding COE). For a comprehensive breakdown of updated pricing across various car variants, please refer to the table provided below.

Moreover, Tesla offers enticing incentives for new vehicle purchases, including a COE incentive of up to SG$3500 and a complimentary home charger upon delivery, exclusively available this quarter. Under the EV Early Adoption Incentive and Vehicular Emission Schemes, Tesla's electric vehicles qualify for additional registration fee and VES rebates of up to SG$45,000.


Enthusiasts and potential buyers are encouraged to visit the Tesla Experience Centers at Toa Payoh and Millenia Walk Gallery. Here, they can delve deeper into the details and even schedule test drives to get a firsthand experience of these exceptional vehicles!


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