Tesla Model 3_6
Tesla Model 3.
  • Tesla announced that it has discounted its cars in Singapore.
  • Singapore is the most expensive country in the world to own a car. 
  • The city-state's vehicle license can cost more than the retail price of a Tesla car.

Tesla recently slashed the prices of its cars in Singapore — but not by much. 

Elon Musk's company announced in a press release on Friday that the new Model 3 and Model Y vehicles will be discounted by 4,000 to 5,000 Singapore dollars, or $3,000 to $3,800. The electric vehicle manufacturer said it aims to make car ownership "more affordable" in Singapore.