Tesla’s entry to boost EV adoption, create stiffer competition

RBH Research believes that Tesla’s Model Y stands out in particular due to its competitive price, which may put pressure on rivals. — Reuters

PETALING JAYA: Tesla’s presence in the country is expected to not only boost electric vehicle (EV) adoption but also create more competition for other marques.

RHB Research said Tesla has begun taking orders for its Model Y, with prices starting at RM199,000.