Tesla is now reported to have informed their suppliers, stating that they will start production of a new electric vehicle in the middle of 2025. This new electric vehicle is known by the code name "Redwood" for now, expected to be under the "compact crossover" vehicle category.
For now, it is not fully known about this new model vehicle. Previously, Elon Musk was ready to promise electric cars at a more competitive price, in addition to offering robo-taxi. But, according to the background of development and previous launches, not everything went according to Elon Musk's plan, and most of them were delayed for a long time.
Also for information, today, BYD is ready to lead the electric vehicle arena and has surpassed Tesla in terms of sales figures. Perhaps by offering cars at a more competitive price, will attract more people to get Tesla. However, with more people joining the electric car arena, perhaps we will see more intense competition in the coming years. Previously, it was also reported that Perodua is also expected to market their electric cars in 2025.