Tesla officially opened its first Philippine store on November 9th, expanding its Southeast Asian presence to Uptown Bonifacio, Taguig, Manila. The launch featured the Tesla Model 3 Electric Sedan, priced starting at ₱2,109,000.
Tesla Model 3 Launched in the Philippines
Tesla Regional Director Isabel Fan expressed excitement about entering the Philippine market, highlighting the company’s global push for electric vehicle adoption. She noted that Tesla has already delivered 7 million units worldwide.
“Tesla has a presence in about 50 countries around the world. We pick our preferences. So I picked the Philippines as the next new market in the world.”
Tesla Regional Director Isabel Fan
The Tesla Model 3 Electric Sedan offers a starting price of ₱2,109,000, with a 5-year monthly installment plan of ₱34,551 at a 22.88% interest rate.
However, the Tesla Model Y series is expected to arrive in the Philippines in early 2025, with prices ranging from ₱2.1 million to ₱3.2 million depending on features.
Models and Prices:
- Tesla Model 3 Rear-wheel drive – ₱2,109,000
- Tesla Model 3 Long range – ₱2,489,000
- Tesla Model 3 Performance – ₱3,099,000
According to Isabel Fan, the Model 3 is the most affordable EV in its class, offering unparalleled value for its price point.
“It’s the most affordable. I don’t see any car in this range or this pedigree with this kind of pricing. It’s going to wow the market,” Fan added.
Kevin Tan, CEO of Alliance Global Group, welcomed Tesla to Uptown Parade, a Megaworld property. He announced that the first Tesla Supercharger station will soon open at Uptown Mall, with more planned across Megaworld properties.
Tesla stated that supercharging costs ₱19/kWh, with a full charge costing approximately ₱1,140.
The company will soon launch a Tesla Design Studio in the Philippines, allowing customers to customize their vehicles. Deliveries of the first set of Tesla vehicles are expected in the second quarter of next year (2025).
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