Tesla is reportedly working on a compact crossover EV codenamed “Redwood” that will begin production in June 2025. Reuters. According to reports, the company sent requests for quotations to suppliers for the new model last year, predicting a weekly production volume of 10,000 vehicles.
The rumor is in line with what Elon Musk said comments At its May 2023 shareholder meeting, Tesla said it was working on two new EV models that could sell up to 5 million a year. “Both the products’ design and manufacturing techniques are superior to anything else available in the industry,” he said.
Tesla also promises a $25,000 car for a whilethen Musk abandoned the idea it revives it due to high consumer interest rates (the cheapest Model 3 is $38,990). However, ReutersThe sources did not mention the price of the car, which is expected to arrive in 2025.
The report comes at an opportune time for Tesla, as critics have been of late after the company To sit on the legs with the relatively outdated Model 3 and Y designs. The timing of any new EVs was one of the top questions from investors for Tesla’s earnings call scheduled for this afternoon (Jan. 24).
If the new cars live up to Musk’s description, they may assuage those concerns. At the same time, Tesla starts shipping its products Cybertruck EV decidedly mixed reviews with some users protesting quality issues and others praising the car’s performance and prowess.