Elon Musk has officially revealed the development of a “next-generation low-cost” Tesla electric vehicle (EV). Musk has expressed optimism that it will be available in the second half of 2025.
Moreover, he reiterated his commitment to introducing a “revolutionary manufacturing system” for the upcoming vehicle. He claimed that it would be more advanced than the existing systems globally, surpassing them by a “significant margin.”
According to a recent article by Reuters, Tesla is planning to release a new small crossover called “Redwood.” They’ve reached out to suppliers to get price estimates and anticipate making around 10,000 of these vehicles each week.
It should be recalled that in the past, Musk had said that they are working on two new EV models with the potential to sell up to 5 million units per year combined.
“Our current schedule shows that we will start production towards the end of 2025, sometime in the second half,” he said. Initially, “Redwood” would be manufactured in Tesla’s Austin, Texas Gigafactory, and other locations around the world later.
Musk hinted at a strong push to accelerate assembly. “We’ll practically be sleeping on the line.”
Musk also said that the company’s new way of making things will be difficult to imitate because you have to replicate the machine that builds the machine that builds the machine… it’s like manufacturing inception.
He believes that, like before, the new production line might begin slowly before increasing production significantly.
