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Tesla plans to build new electric vehicles in mid-2025
Tesla wants to commence production of a new mass market electric vehicle in 2025 to meet competition from rival
Tesla wants to commence production of a new mass-market electric vehicle in 2025 to provide more competition to cheaper gasoline-powered cars as well as rival EVs. According to an exclusive Reuters report citing four well-placed sources, Elon Musk’s company has informed suppliers it wants to get production going at the mid-way point next year to deliver on a long-held ambition to build a $25,000 car. If Tesla can hit the £25k price point, it will strike a blow on BYD, its rival Chinese firm, which is increasingly producing cheaper EV alternatives.
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