Tesla is reportedly constructing a compact crossover codenamed 'Redwood'

Tesla is reportedly engaged on compact crossover EV codenamed "Redwood" with manufacturing set to begin in June 2025, sources conversant in the matter instructed Reuters. The corporate reportedly despatched requests for quotes for the brand new mannequin to suppliers final yr, predicting a weekly manufacturing quantity of 10,000 automobiles. 

The rumor strains up with Elon Musk's comments at a Might 2023 shareholder assembly that Tesla was engaged on two new EV fashions that would promote as much as 5 million a yr mixed. "Each the design of the merchandise and manufacturing methods are head and shoulders above the rest that’s current within the business," he mentioned on the time.

Tesla has additionally been promising a $25,000 automobile for some time, with Musk dropping the concept then reviving it resulting from excessive client rates of interest (the most affordable Mannequin 3 is $38,990). Nonetheless, Reuters' sources didn't point out the worth of the automobile set to reach in 2025. 

The report arrives at a handy time for Tesla, as critics have just lately been after the company for sitting on its haunches with the comparatively stale Mannequin 3 and Y designs. The timing of any new EVs was probably the most voted questions from traders for Tesla's earnings name, set for this afternoon (January 24). 

If the brand new automobiles stay as much as Musk's description, they might assist allay these considerations. On the similar time, Tesla is beginning to ship its Cybertruck EV to decidedly blended opinions, with some customers decrying quality issues and others lauding the efficiency and audacity of the automobile. 

This text initially appeared on Engadget at https://www.engadget.com/tesla-is-reportedly-building-a-compact-crossover-codenamed-redwood-103223757.html?src=rss

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