Tesla’s Roadmap for Future: 'Redwood' EV and Indian Manufacturing

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Tesla’s Roadmap for Future: 'Redwood' EV and Indian Manufacturing

USA 24 Jan 2024 03:27 PM IST SB Team

Tesla Inc has redefined the renewable energy landscape, pioneering revolutionary technology and embracing a sustainable vision. As one of the world’s most influential companies, Tesla has played a crucial role in driving global change. The company has consistently contributed to the shift towards a more eco-friendly future through cutting-edge electric vehicles (EVs), advanced battery technology, solar energy innovations, and energy storage solutions.

Tesla’s commitment to environmentally-conscious manufacturing, its low environmental impact, and the release of open-source patents underscore its significant effect on the industry. Tesla’s ongoing success positions it to be a crucial participant in defining the future of renewable energy.

Tesla eyes ‘Redwood’ EV by 2025

Tesla has informed its suppliers of plans to start production of a new affordable EV, internally dubbed ‘Redwood,’ around mid-2025. Elon Musk, Tesla’s CEO, has consistently generated excitement among fans and investors for budget-friendly EVs and autonomous robotaxis, which are expected to be manufactured on more cost-effective electric car platforms.

These models, including a $25,000 entry-level car, aim to position Tesla competitively against affordable gasoline vehicles and a growing array of low-cost electric vehicles, such as those produced by China’s BYD. Musk had promised to produce a $25,000 car in 2020, a plan he later shelved and revived.

Tesla’s cheapest offering, the Model 3 sedan, recently has a starting price of $38,990 in the United States. Three reports stated that June 2025 would mark the start of production. Due to the confidential matter of the subject, everyone talked on condition of anonymity.

Tesla plans to make an inexpensive robotaxi and an entry-level, $25,000 electric car based on the same vehicle architecture. According to Musk, in 2022, Tesla will make a dedicated self-driving taxi with a futuristic look in 2024 after several misses at its target of achieving full self-driving capability. He and other Tesla executives laid out strategies last March to halve the cost of its next-generation vehicles but did not provide a timeframe for the launches.

Future plans

While Tesla is a prominent player in the current surge of electric vehicle investment, it faces substantial competition in the US, China, and Europe. This heightened competition, mainly in the materials crucial for EV battery cells, has increased demand.

With a long-term goal of selling 20 million vehicles per year, Tesla envisions achieving this target by building new manufacturing facilities, actively participating in battery cell production, and expanding its global vehicle sales efforts. The company is strategically positioned to navigate the competitive landscape and meet its ambitious sales objectives.

Tesla and India

Tesla is set to build its first manufacturing unit in India, targeting a 2024 launch in Gujarat. Reports suggest that negotiations for this venture are in the final stages, with the location possibly being Sanand, Becharaji, or Dholera. While neither Tesla nor the state government has officially confirmed the development, Gujarat’s appeal stems from favourable government policies and accessibility to ports for potential exports.

Sanand, particularly, stands out due to its proximity to Gujarat’s Kandla-Mundra port, suggesting increased exports for Tesla. The move aligns with the company’s global expansion plan and reflects the growing significance of the Indian EV market.

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Tesla’s Roadmap for Future: 'Redwood' EV and Indian Manufacturing

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