Tesla's new vehicle, codenamed "Redwood," is expected to be a small electric crossover. It is set to begin production in the Austin, Texas Gigafactory, with future production plans spanning other global locations. Once operational, Musk anticipates ramping up to produce 10,000 vehicles per week.
Looking back at Tesla's recent achievements, 2023 was a standout year with record production and deliveries surpassing 1.8 million vehicles. By Q4, they were on pace to produce almost 2 million cars annually. The highest-output factory for Tesla as of that time was located in the San Francisco Bay area.
However, looking ahead to 2024, Musk has warned of notably lower sales growth expectations compared to previous years. Despite this short-term projection, he remains committed to his long-term vision and promises a revolutionary new manufacturing system. This technique, which Musk dubbed "manufacturing inception," is described as hard to copy and will start slowly but then increase significantly.
Direct quotes from Elon Musk reveal his self-admitted optimism regarding timelines but suggest taking his forecasts "with a grain of salt." Specifically on manufacturing techniques and production schedules, Musk proclaimed they would "be sleeping on the line practically" as they work on ramping up production.
This anticipated new model follows the Model 3’s launch back in 2017 which initially sold for just under $50K and briefly saw prices drop to $35K. With Tesla aiming high for its new models' potential sales combined with another yet-to-be-revealed model—up to 5 million per year—it seems poised for another major sales wave starting from this release in late 2025.
Source: Engadget
