Elon Musk promised to start production of such electric vehicles in 2020, but the plans were postponed. The company is currently preparing to launch the first cars in mid-2025. This will be an urban compact crossover on a modern platform.

The company has not made an official statement on this issue yet, but it is known that Redwood will cost 25 thousand dollars. That’s $14,000 cheaper than today’s most affordable Tesla model, the Model 3 sedan, which currently costs $39,000.

“Musk initially promised to produce a $25,000 car in 2020, but this plan was later postponed and revived. “Currently the cheapest Tesla car is the Model 3 sedan, which sells for $39,000 in the United States,” Reuters reported.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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