Tesla is eyeing the start of mass production for a new low price electric vehicle called Redwood, targeting mid 2025. Reports from Reuters, citing four familiar sources, indicate the company is presenting the compact crossover to suppliers as an affordable option in the growing EV segment.
The outlook fits with Elon Musk’s long standing aim to deliver an affordable electric car built on a next generation platform in the near term. Redwood is expected to carry a price tag near 25 thousand dollars, a figure designed to position the model against many successful gasoline rivals in the market.
Earlier notes from Reuters indicate that Musk initially pledged a 25 thousand dollar car back in 2020, but the plan faced delays before being revived. As of now, the entry level Tesla on U.S. showrooms is the Model 3, priced around 39 thousand dollars, underscoring the potential price gap Redwood aims to close.
According to the sources, Redwood is slated for a market release beginning in June 2025, with production capacity planned around ten thousand units each week as the program scales up for mainstream adoption.
Public discussion around Musk has included political comments unrelated to the vehicle program, reflecting broader media coverage that surrounds the company and its leadership beyond product specifics.