The vehicle, codenamed ‘Redwood,’ could be the entry-level $25,000 car that Tesla has previously teased, and would help it compete with Chinese automaker BYD.
The company’s CEO Elon Musk has previously teased a next-generation Tesla car with a more affordable $25,000 price point. He mentioned the price target in a 2018 interview with YouTuber Marques Brownlee
Right... expect to see these $25k cars on the market right after the first Hyperloop is finished and the first Mars colony is established