@tesla’s new EV codenamed ‘Redwood’ to begin development in 2025: Report #shorts

Tesla (TSLA) plans to begin development on its new EV codenamed ‘Redwood’ in 2025, according to Reuters. ‘Redwood’ reportedly will be mass-produced in Austin, Texas, with a goal of a price point of around $25,000. Yahoo Finance’s Pras Subramanian broke down the report and what this means for the EV maker on January 24, 2024.

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