Tesla reveals target date for new electric vehicle launch

Tesla is targeting 2025 for the launch of a mass-market compact crossover, with speculation growing that it could be the automaker’s best-priced vehicle yet.

Following Wednesday’s publication of a Reuters report claiming that Tesla has been informing suppliers of its plan to launch its first new vehicle since the Cybertruck last year, Tesla chief Elon Musk confirmed during a post-earnings call that the company expects to begin production of an all-new electric vehicle at its Texas facility in the second half of 2025.

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