Tesla's next-generation electric vehicles, including the long-awaited "$25,000 model," will be available in 2025, according to a new report based on sources within the automaker's supply chain.
With plans to construct 20 million vehicles per year by the end of the decade, Tesla will need to rapidly expand its vehicle selection. It need not just new automobiles in the portfolio, but also more affordable ones.
Tesla has been hinting at two "next-generation" electric cars for a while now: a new "dedicated robotaxi," which is a car built from the ground up for autonomous driving without a steering wheel or pedals, and a smaller, less expensive electric car known as the "$25,000 Tesla model."
Elon Musk's authorized biography said that the new cars will have a futuristic appearance and resemble "Cybertrucks."
The time has been the main source of uncertainty. It is, in fact, the most upvoted question that Tesla shareholders have asked for today's scheduled earnings call.
Reuters now says it already knows the solution. According to a fresh story published today, the publication's supply chain sources have been informed that Tesla plans to launch its new, less expensive model by "mid-2025."
Tesla (TSLA) has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover.
The source claims that Tesla has discussed a weekly manufacturing rate of 10,000 vehicles with suppliers, which equates to a 500,000 vehicle yearly rate.
It's crucial to remember that Tesla frequently informs suppliers that it wants to produce 85% of its vehicles. However, Tesla has indicated that it intends to strive for millions of units of worldwide manufacturing of its next-generation vehicles in this instance, but that will only happen until the production reaches many of its plants.
The carmaker has already stated that Gigafactory Texas will be the site of the initial production of its first two next-generation automobiles.
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