-- Tesla has told suppliers it aims to start production of a new mass market electric vehicle called "Redwood" in mid-2025, Reuters reports, citing four people familiar with the matter.

-- The EV model has been described as a compact crossover by two of the four people, according to Reuters.

-- Last year, Tesla sent "requests for quotes" to suppliers in relation to the Redwood model, and forecast a weekly production volume of 10,000 vehicles, Reuters reports, citing two of the sources.

Full article at https://www.reuters.com/business/autos-transportation/tesla-plans-build-new-electric-vehicles-mid-2025-sources-2024-01-24/

Write to (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

January 24, 2024 18:16 ET (23:16 GMT)

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