Tesla to Release New EV Model in Mid-2025 - Reuters

Tesla to Build New Electric Vehicles in Mid-2025 - Reuters

• Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025.
• The model is described as "a compact crossover."
• Musk had first promised to build a $25,000 car in 2020, a plan he later shelved and then revived.
• Tesla sent "requests for quotes," or invitation for bids for the "Redwood" model, to suppliers last year.
• The company forecasts weekly production volume of 10,000 vehicles.
• Production would begin in June 2025.

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