Tesla Prepares for 2025 Launch of ‘Redwood’, a New Compact Electric Crossover. Tesla is gearing up to launch a new compact electric crossover, internally named Redwood, with production set to begin in June 2025. This development aligns with Elon Musk’s vision for Tesla, as indicated in his statements during a shareholder meeting in May 2023. Musk had mentioned Tesla’s work on two new electric vehicle models, projecting sales of up to 5 million units annually. He emphasized that both the design and manufacturing techniques of these upcoming models would be unparalleled in the automotive industry.
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Last year, Tesla reached out to suppliers for quotes on this new model, anticipating a production volume of 10,000 vehicles per week, as reported by Reuters. This move signifies Tesla’s preparation for a significant market entry.
Musk’s ambition for Tesla includes the introduction of an affordable $25,000 car, a project that was initially shelved but later revived due to high demand and the increasing competition from Chinese electric vehicles. However, the expected price of the Redwood model for its 2025 launch remains undisclosed as per Reuters’ sources.
The announcement of the Redwood model comes at a critical time for Tesla. The company has faced criticism for not updating its existing Models 3 and Y, which some consider to be relatively outdated. The introduction of new electric vehicles like Redwood is eagerly anticipated, not only by the market but also by investors, as is likely to be echoed in Tesla’s upcoming earnings conference scheduled for January 24th.
Tesla’s ability to meet Musk’s descriptions of the new vehicles will be crucial in addressing these concerns. Meanwhile, Tesla is also in the process of rolling out its Cybertruck. The vehicle has received mixed reactions, with some users pointing out quality issues, while others commend its performance and capabilities. The launch of Redwood could mark a significant milestone for Tesla, potentially setting new standards in the electric vehicle industry.
