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Tesla to announce $25,000 electric economy car?

Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
This would probably be very welcome new for many people looking for a 2nd car, a city car, or simply inexpensive transportation. I would bet the car, at this price point, would have fairly limited range. Maybe 200 miles? Seems like many of the lower priced EVs have shorter ranges. Still, for a city car, a car for the teenager to drive to school/summer job, or a 2nd vehicle for a family, it could make a lot of sense, even with fairly short range.

Could also help with Tesla stock price too. Analysis by ZeroHedge at the link:

Tesla Prepares For New Mass-Market EV Codenamed "Redwood" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
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Tesla Prepares For New Mass-Market EV Codenamed "Redwood"​

At the opening of the US cash market, Tesla shares were marginally higher following a Reuters report that the company is in talks with suppliers regarding a mass-market electric vehicle, codenamed "Redwood," set for a mid-2025 release. ​
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Sources familiar with the new mass-market EV said it's described as a "compact crossover" and will compete with cheaper petrol-powered cars and inexpensive Chinese EVs, such as those made by BYD. ​
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Tesla founder Elon Musk has teased over the years with a $25,000 mass-market model. At the moment, the cheapest offering by Tesla is the base Model 3 sedan, starting at $38,990 in the US. ​
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Sources said Tesla engineers sent "requests for quotes" to suppliers for the Redwood last year. One weekly forecast shows production volumes of upwards of 10,000 vehicles per week. They noted production would begin as soon as June 2025. ​
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Timing of the mass market EV comes as BYD displaced Tesla as the world's biggest maker of EVs in the fourth quarter. ​
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Sales of overall EVs are sliding due to elevated interest rates. Also, prices of used Teslas are plunging. ​
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Tesla is scheduled to report fourth-quarter earnings after hours today. Earnings estimates point to $25.8 billion in revenue and an Earnings Per Share of $0.74. Tesla's gross margin rate is projected to be 18.1%, compared to 17.9% in the third quarter and 16.0% in the same period last year. The company's free cash flow for the quarter is expected to be around $1.45 billion.​
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Ahead of earnings, Adam Sarhan, founder and CEO of 50 Park Investments, told Bloomberg:​
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"Tesla investors are looking for a bullish catalyst, but there isn't one in sight. ​
"Investors are going to pay these multiples for earnings for only so long, and if the fundamental story changes and earnings get compressed, then valuation gets compressed."​
Click to expand...
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The mass market electric vehicle might be the bullish catalyst for the market.​
 
Tesla has been working on a car for the masses for some time now. Advances in casting and how this is fundamentally.
changing the way cars are built in least cost fashion have made finalizing the design a moving target.
Cyber truck is launched and now the emphasis can change over to this project.
Tesla is now capable in bringing new designs to the marketplace faster than the OEM car makers can by far.
Telsa needs a Volks Wagon Beatle for the EV buyer of today. My bet is that they will deliver it too.
 
300 H and H said:
Tesla has been working on a car for the masses for some time now. Advances in casting and how this is fundamentally.
changing the way cars are built in least cost fashion have made finalizing the design a moving target.
Cyber truck is launched and now the emphasis can change over to this project.
Tesla is now capable in bringing new designs to the marketplace faster than the OEM car makers can by far.
Telsa needs a Volks Wagon Beatle for the EV buyer of today. My bet is that they will deliver it too.
Click to expand...
There is also a plan to sell cheap Chinese EV's
 
A big break though for Tesla may well come in the form of a new battery design using much cheaper and plentiful components. Lithium, rare and expensive, may soon be history in the EV products.
 
Sodium Ion battery may make cheaper and more reliable EV's available soon.
Also, the sulfur Aluminum battery shows remarkable promise.


Rumor has it Lithium based batteries may lose tax credits.
 
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