Tesla announces new electric cars by mid-2025
Tesla announces new electric cars by mid-2025 | Image Credit: ariseplay.com
January 24, SAN FRANCISCO - Four persons with knowledge of the situation say that Tesla (TSLA.O), opens new tab, has informed suppliers that it plans to begin manufacturing of a new mass-market electric car called "Redwood" in mid-2025. Two of these individuals describe the model as a compact crossover.
Elon Musk, the CEO of Tesla, has long piqued the interest of investors and enthusiasts for low-cost electric cars and self-driving robotaxis, which are anticipated to be produced on more economical platforms for future generations of electric cars.
These models, which include a $25,000 entry-level vehicle, would enable it to compete with increasingly affordable EVs, including those produced by China's BYD (...