Tesla plans to build new electric vehicles in mid-2025 



Reuters exclusively reported that Tesla (TSLA.O), opens new tab has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025. 

Market Impact

Timing of next-generation compact vehicles, was one of the most voted questions by investors to Tesla ahead of its quarterly results report on Wednesday afternoon, where it is expected to forecast a 21% rise in 2024 deliveries, well below the long-term annual target of 50% that Musk set about three years ago. Tesla also plans to build cheaper cars at its factory near Berlin, and is interested in building a factory in India to produce less expensive electric cars, sources said previously.

Article Tags

Topics of Interest: AutomotiveTechnology

Type: Reuters Best

Sectors: TechnologyTransport & Logistics

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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