The Next Big Project: Tesla "Redwood" Launch 2025

Tesla compact crossover EV codenamed "Redwood" with production set to start in June 2025,

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The company reportedly sent requests for quotes for the new model to suppliers last year,

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The rumor lines up with Elon Musk's comments at a May 2023 shareholder meeting

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that Tesla was working on two new EV models that could sell up to 5 million a year combined.

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manufacturing techniques are head and shoulders above anything else that is present in the industry," he said at the time.

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Tesla has also been promising a $25,000 car for some time, with Musk dropping the idea

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then reviving it due to high consumer interest rates (the cheapest Model 3 is $38,990)

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