In a groundbreaking announcement, Tesla CEO Elon Musk has officially disclosed plans to develop a “next-generation low-cost” Tesla electric vehicle (EV), set to hit the market in the second half of 2025. Musk expressed utmost optimism about the vehicle’s availability and reiterated his commitment to introducing a “revolutionary manufacturing system” that he claims will outpace existing global systems by a “significant margin.”
Recent reports from Reuters suggest that the upcoming Tesla vehicle is anticipated to be a small crossover, internally known as “Redwood.” Tesla has reportedly initiated discussions with suppliers, aiming for a weekly production volume of 10,000 vehicles.
This revelation comes in line with Musk’s earlier statement about working on two new EV models with the potential to sell up to 5 million units annually. “Our current schedule shows that we will start production towards the end of 2025, sometime in the second half,” Musk confirmed.
ALSO READ: Tesla’s Next Chapter: The Unveiling of the Tesla Roadster 2.0
The initial manufacturing hub for the “Redwood” will be Tesla’s Austin, Texas Gigafactory, with plans for global expansion to other locations later. Musk, known for his ambitious goals, hinted at a relentless push to accelerate the assembly process. “We’ll practically be sleeping on the line,” he declared, underlining the company’s commitment to swift and efficient production.
We achieved a record production and deliveries of over 1.8 million vehicles, in line with our official guidance. And in Q4, we’re producing vehicles at an annualized run rate of almost 2 million cars a year. And people are often surprised that the the highest-output… car factory in North America is in the San Francisco Bay area.
What sets this project apart is Musk’s claim that the new manufacturing technique will be “very hard to copy.” According to Musk, replicating this system involves copying the machine responsible for creating the production machinery—a concept he termed “manufacturing inception.”
ALSO READ: Tesla Cars have Shorter Driving Range Then It Claimed
In a conversation with industry experts, Musk detailed that the new production line might start at a slower pace before witnessing a significant ramp-up in production, emphasizing Tesla’s commitment to innovation and pushing the boundaries of electric vehicle manufacturing.
As anticipation builds for Tesla’s next-gen low-cost EV, industry observers closely watch Elon Musk’s bold vision unfold, awaiting the potential disruption this new vehicle and manufacturing system might bring to the electric vehicle market.
