Tag

Redwood

All articles tagged with #redwood

"Tesla's 2025 Lineup: Affordable Electric Cars and Compact Crossovers"
electric-vehicles2 years ago

"Tesla's 2025 Lineup: Affordable Electric Cars and Compact Crossovers"

Tesla plans to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, aiming to compete with cheaper gasoline-powered cars and inexpensive EVs. The model, described as a compact crossover, is part of Tesla's efforts to offer affordable electric vehicles and self-driving robotaxis. The company aims to produce 10,000 vehicles per week and is working on next-generation, cheaper electric car platforms to meet consumer demand for more affordable options.

Byju's Takes Legal Action Against Lenders Over Loan Dispute
business2 years ago

Byju's Takes Legal Action Against Lenders Over Loan Dispute

Indian edtech giant Byju's has filed a complaint in the New York Supreme Court against Redwood, alleging predatory tactics and challenging the acceleration of the $1.2 billion term loan B. Byju's said it will not make any payments to the term loan B lenders until the dispute is resolved. The move follows lenders "unlawfully" accelerating the term of the loans on the account of "certain alleged non-monetary and technical defaults," the company said.