Production of affordable EV codenamed “Redwood” starts in 2025, targeting mass market with compact crossover design Tesla 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. Tesla CEO Elon Musk confirmed on a post-earnings call on Wednesday that the company expects to start production of its next-generation EV at its Texas factory in the second half of 2025. That will be followed by Mexico…
Read MoreTesla plans to build new electric vehicles in mid-2025
