• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Tesla reportedly plans to build new electric vehicles in 2025

Home> Vehicles> Car news

Published 14:01 29 Jan 2024 GMT

Tesla reportedly plans to build new electric vehicles in 2025

Tesla's Model Y might have some competition.

Rebekah Jordan

Rebekah Jordan

Elon Musk has long been getting fans and investors excited about the prospect of more affordable electric cars and self-driving robotaxis.

The Tesla CEO has announced that Tesla fans can expect another model as early as 2025, with production starting in June next year.

Describing it as a 'next-generation, low-cost' car, Musk foresees that the upcoming vehicle will achieve a lower price through a 'revolutionary manufacturing system.'

Advert

The new Tesla vehicle is projected to be an affordable option for buyers / Omar Marques / Stringer / Getty
The new Tesla vehicle is projected to be an affordable option for buyers / Omar Marques / Stringer / Getty

The new project, called Redwood, is currently under wraps and is rumoured to be a compact crossover - potentially making it a popular and affordable option for buyers.

Estimating around $25,000, the entry-level model aims to give traditional gas cars and other affordable electric vehicles - like those from China's BYD - a run for their money.

Moreover, the new release might strike some competition with Tesla's current best-selling vehicle, the mid-sized SUV, Model Y. The electric car company also plans to releases an updated version of the Model Y later this year.

Advert

Alongside this, Musk has also previously mentioned plans to build a futuristic robotaxi, designed to haul passengers autonomously.

Musk, known for his overly optimistic timelines, suggested: 'Our current schedule shows that we will start production towards the end of 2025, sometime in the second half.'

Although no specifics on the features or pricing of the vehicles have been revealed, Musk did warn that his timeline 'should be taken with a grain of salt' due to the complexities of developing new manufacturing technologies.

Tesla is looking to produce 10,000 units of the new model per week / Newsday LLC / Contributor / Getty
Tesla is looking to produce 10,000 units of the new model per week / Newsday LLC / Contributor / Getty

Advert

The SpaceX founder also highlighted that 'both the design of the products and the manufacturing techniques are head and shoulders above anything else that is present in the industry.'

According to reports, Tesla is looking to produce 10,000 units of this new model per week.

In a quarterly results report earlier this week, the electric car company stated that the new project may impact the company's vehicle volume rate.

The company said: 'In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle.'

Advert

Musk added: 'You have to design a machine that has never existed to build a car in a way that has never existed.'

Putting that aside, let's not forget the Cybertruck release. After several years of delays, the unique Tesla design came with its own share of issues from Tesla fans including its massive size, overwhelming price tag, disappointing charging curve, as well as safety concerns.

Featured Image Credit: Omar Marques / Stringer / Newsday LLC / Contributor / Getty
Tesla
Car news

Advert

Advert

Advert

Choose your content:

8 hours ago
9 hours ago
a day ago
  • 8 hours ago

    Tesla called 'a joke' by drivers after most-awaited feature is cancelled at the last minute

    The EV giant is once again in the bad books of its drivers

    Vehicles
  • 8 hours ago

    Company working on hypersonic jet to travel 3,500 miles in just one hour report successful test flight

    It could soon be possible to travel from San Fransisco to Tokyo in just two hours

    Vehicles
  • 9 hours ago

    Flight attendant reveals grim reason she'd never wear shorts on a plane

    Time to rethink that jet set eleganza

    Vehicles
  • a day ago

    Huge setback to Elon Musk could leave billionaire forced to press pause on project he's been working on over a decade

    Doesn't sound like he'll be popping the champagne in June

    Vehicles
  • Most likely to replace Elon Musk as Tesla reportedly begins looking for a new CEO
  • Tesla reportedly has $800,000,000 worth of unsold Cybertrucks that 'nobody wants to purchase'
  • Elon Musk threatens to sue Canada after Tesla was caught out for 'suspicious' behaviour
  • New study reveals how quickly the battery degrades in electric vehicles and the result is surprising