"Tesla's 2025 Compact Crossover: Affordable EV or $25,000?"

Tesla is reportedly planning to start production of a new mass-market compact crossover in June 2025, potentially the long-teased $25,000 car, as it faces competition from Chinese automaker BYD. CEO Elon Musk has previously mentioned the $25,000 price target, but the company has struggled to meet aggressive price targets in the past. The new vehicle, codenamed ‘Redwood,’ could help Tesla compete in the electric vehicle market and is expected to be developed alongside an autonomous robotaxi.