Tesla plans to create a new electric car in the second half of 2025
Tesla plans to start production of a new electric car codenamed Redwood in the second half of 2025, Reuters reports, citing anonymous people familiar with the matter.
The company may begin production of the next generation electric vehicle at its plant in Texas in June 2025.
According to anonymous sources, Tesla has sent invitations to suppliers to bid for the Redwood model as early as 2023 and predicts a weekly production volume of 10 thousand. copies.
Tesla CEO Elon Musk has long been stoking the interest of fans and investors in affordable electric vehicles and self-driving robotaxis, which will be built on cheaper next-generation electric vehicle platforms.
These models, including an entry-level car costing $25 thousand, will allow Tesla to compete with cheaper gasoline cars and a growing number of low-cost electric vehicles, including those made by the Chinese company BYD.
BYD overtook Tesla as the world’s largest electric vehicle manufacturer in the last quarter of 2023.
In 2024, our vehicle volume growth rate may be significantly lower compared to 2023 as our teams work to launch the next generation vehicle at the Gigafactory in Texas.
Tesla
Initially, Elon Musk promised to create a car worth $25 thousand. in 2020. He later postponed this plan, but later returned to it again.
Tesla’s cheapest offer, the Model 3 sedan, currently has a starting price of $38,990 in the United States.
