Copyright © BusinessAMBE 2023
Summary.
In the news. The "Redwood," a compact crossover, is
- With a production start in 2025 and a target of 10,000 vehicles per week,
Tesla aims to diversify its offerings and enter new markets. -
This model could strengthen
Tesla's position as a pioneer in electric vehicles, despite previous challenges such as delayed production launches and higher prices than initially announced.
Rumors had been circulating for some time
Zoom in. The "Redwood" is scheduled to go into production in
- In that price range, the "Redwood" could compete with Chinese EVs as well as cheap gasoline cars.
-
Musk promised in 2020 Musk would build a
$25,000 car, a plan he later shelved. -
Insiders know that
Tesla recently took apart a Honda Civic, which costs$23,950 in theU.S. , to study methods of producing more affordable cars. $25,000 is a significant reduction from the current cheapest model, the Model 3, which is currently offered in the US starting at$38,990 USD .Tesla has already invited suppliers for bids to produce this new model.
Zoom out.
- The question is how
Tesla can make money on cheaper models and meet its own ambitious production targets. Tesla also reportedly has plans for a factory inIndia , indicating a push for dominance in several markets.
![](https://d3bze35mkjv6a3.cloudfront.net/news-content/511841ef-dadd-44b6-b4ba-174e202169d5/6505b0f6f954bcee720f728b89672806b8ecc2c2.jpg)
© The Content Exchange, source