KUALA LUMPUR, April 25 -- The Tesla Model 3 Performance is finally official and it is the brand's highest-spec variant for its newly upgraded fully electric sedan. Malaysians can start placing their orders for the EV and local deliveries are estimated to start sometime in Q2 2024.

When the Model 3 Performance was first revealed, the US website boasted 510hp of peak power and a 0-60mph time of 2.9 seconds, up to a top speed of 163mph (about 262km/h). The Model 3 Performance is priced from USD 52,990 in the US, excluding the USD 7,500 federal tax credit.

For Malaysia, the Tesla Model 3 Performance is priced from RM242,000, which is remarkably cheaper than the US despite the current foreign exchange rate. However, if you take a closer look...