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Dr. Yeah, Anwar-Musk Meeting Likely To Generate Positive Economic Spill-Over

Kumeran Sagathevan

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Anwar-Elon---M-R.jpgDr. Yeah Kim Leng, Sunway University Economic Professor (Image Credit: The Malaysian Reserve)

According to an economic expert, Dr. Yeah Kim Leng, an economics professor at Sunway University the upcoming meeting between Tesla’s Elon Musk and Prime Minister, Datuk Seri Anwar Ibrahim, is expected to have a cascading effect on the country's path toward becoming an electric vehicle (EV) hub in the region.

Dr. Yeah believes that regardless of the specific type and value of Tesla's investment in Malaysia, any commitments resulting from the meeting will significantly boost the Malaysian EV industry. Moreover, investment from iconic organisations often have a greater spillover effect, fostering increased confidence from local and foreign investors. This, in turn, opens up more avenues for suppliers, service providers, spare parts manufacturers, and component manufacturers to actively engage with the EV industry.

Anwar-Elon-Musk-Caricarz-(4).jpg

Anwar had late last week announced Musk’s intention to meet with him to discuss Tesla's growth expansion plans in Malaysia.

Tengku Datuk Seri Zafrul Abdul Aziz, the Minister of Investment, Trade, and Industry, also highlighted that the potential cooperation between Malaysia and Tesla would naturally extend beyond the EV sector to other industries as well. The goal is to attract more investment commitments in the automotive sector and other sectors that can be marketed in Malaysia.

Anwar-Elon-Musk-Caricarz-(6).jpg

Presently, the nearest official Tesla service centre is located in Singapore, and owners participating in the GreenTech program have been sending their vehicles back to Hong Kong for major repairs.

Additionally, Azrul Reza Aziz, the CEO of the Malaysia Automotive, Robotics, and IoT Institute (MARii), also expresses his confidence that the meeting between Anwar and Musk will pave the way for fruitful cooperation between both parties. He believes that the possibility of Tesla increasing its investment in Malaysia will contribute to the country's economic growth and facilitate the development of a sustainable and environmentally friendly mobility ecosystem.

Source: BERNAMA


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JPJ Running Numbers

KUALA LUMPUR

VRX2340

SELANGOR

BSU8095

JOHOR

JG8672J

PULAU PINANG

PSH2014

PERAK

APM7058

PAHANG

CFJ3302

KEDAH

KGJ6952

NEGERI SEMBILAN

NEM4978

KOTA KINABALU

SJU9742

KUCHING

QAB9427P

Last updated 01 Nov, 2026

Fuel Price

Petrol

RON 95

RM 3.97

+1.38

RON 97

RM 4.90

+1.75

RON 100

RM 7.20

+2.20

VPR

RM 8.23

+2.00

Diesel

EURO 5 B10

RM 5.12

+2.08

EURO 5 B7

RM 5.32

+2.08

Last updated 30 Apr, 2026

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