Tesla will launch a new electric car model in 2025, Reuters has learned. It will be a compact crossover, codenamed Redwood. Earlier it became known that Tesla for the first time lost to the Chinese BYD in global sales of electric vehicles.
Reuters learned of Tesla’s intentions to launch a new electric car model. The publication’s sources said it will be a compact crossover codenamed Redwood.
Redwood production is planned to begin in June 2025. In the first stage, up to 10 thousand electric vehicles will be produced per week. Mass production of Redwood will begin in 2026, Reuters clarified.
In 2020, CEO Elon Musk said that Tesla wants to create an electric car that costs up to $25,000, but such an electric car is not yet present in the American company’s range.
Tesla fell behind China’s BYD in global sales of electric vehicles in the fourth quarter of 2023. Tesla sold 484.5 thousand cars, BYD – 526 thousand copies.
Author:
Kirill Bilyk
Source: RB
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