Elon Musk, after the recent launch of the Tesla Cybertruck, has hinted at a new low-budget Tesla electric car called ‘Redwood’ that is expected to be released in 2025. Electric Vehicles are gaining popularity, but their high prices have limited their widespread consumer adoption. To address this issue, Tesla’s CEO has a forward-thinking plan to lower the cost. While not much is known about this new concept car, we will share everything we know so far below.
Redwood Design Strategy
While Tesla is known for its innovative designs, it is challenging to predict the specific design of ‘Redwood’. However, we can make some assumptions based on previous designs.
It may be a compact hatchback with an elevated design, featuring a distinctive windshield and sleek headlights and taillights with LED technology.
New Tesla Under $25,000
This groundbreaking concept is aimed at the average consumer market, with a price tag of under $25,000. Tesla plans to produce 10,000 vehicles per month or 5 million units per year, making it their most significant selling strategy. Production is expected to begin in the second half or end of 2024, with the vehicles hitting the roads by the end of 2025. The manufacturing location will be the Texas Gigafactory in Austin, as announced by Musk.
New Compact Batteries with a Lasting Range
The ‘Redwood’ will feature a new type of battery that is more powerful and cost-effective compared to the Tesla Model 3. This battery will be 35% smaller while delivering a 16% greater driving range, showcasing groundbreaking advancements in EV technology. There are also rumors about Tesla making the battery a structural part, indicating a year of significant developments in the EV sector in 2024.
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