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Tesla is reportedly working on compact crossover EV codenamed "Redwood" with production set to start in June 2025, sources familiar with the matter told . The company reportedly sent requests for quotes for the new model to suppliers last year, predicting a weekly production volume of 10,000 vehicles.
The rumor lines up with Elon Musk's at a May 2023 shareholder meeting that Tesla was working on two new EV models that could sell up to 5 million a year combined. "Both the design of the products and manufacturing techniques are head and shoulders above anything else that is present in the industry," he said at the time.
Tesla has also been promising a $25,000 car for , with Musk dropping the idea then due to high consumer interest rates (the cheapest Model 3 is $38,990). However, Reuters' sources didn't mention the price of the vehicle set to arrive in 2025.
The report arrives at a convenient time for Tesla, as critics have recently been for sitting on its haunches with the relatively stale Model 3 and Y designs. The timing of any new EVs was one of the most voted questions from investors for Tesla's earnings call, set for this afternoon (January 24).
If the new vehicles live up to Musk's description, they could help allay those concerns. At the same time, Tesla is starting to ship its to decidedly mixed reviews, with some users decrying and others the performance and audacity of the vehicle.
This article originally appeared on Engadget at
Console Bang News!
The rumor lines up with Elon Musk's at a May 2023 shareholder meeting that Tesla was working on two new EV models that could sell up to 5 million a year combined. "Both the design of the products and manufacturing techniques are head and shoulders above anything else that is present in the industry," he said at the time.
Tesla has also been promising a $25,000 car for , with Musk dropping the idea then due to high consumer interest rates (the cheapest Model 3 is $38,990). However, Reuters' sources didn't mention the price of the vehicle set to arrive in 2025.
The report arrives at a convenient time for Tesla, as critics have recently been for sitting on its haunches with the relatively stale Model 3 and Y designs. The timing of any new EVs was one of the most voted questions from investors for Tesla's earnings call, set for this afternoon (January 24).
If the new vehicles live up to Musk's description, they could help allay those concerns. At the same time, Tesla is starting to ship its to decidedly mixed reviews, with some users decrying and others the performance and audacity of the vehicle.
This article originally appeared on Engadget at
Console Bang News!