Tesla Inc (TSLA)

[rolvram]

Reuters reports that "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 sent "requests for quotes," or invitation for bids for the "Redwood" model, to suppliers last year, and forecast weekly production volume of 10,000 vehicles, two of the sources said.

Production would begin in June 2025, three of the sources said. All spoke on condition of anonymity because the matter is confidential."

It's a realistic timeline and indicates that the design for the Redwood model is mainly finished.

Although not yet officially confirmed, it is not news that Tesla is working on its compact car and a mid-2025 delivery date is realistic.