RE:How long has TSLA been around? Ugly SP chart for a whileOntime launches and Tesla in same sentence....that's a funny one Tesla finally began assembling the angular Cybertruck late last fall after years of delays, There has been talk for a few years that Tesla is working on an entry-level car, with Musk first mentioning such a vehicle at a 2020 event. He suggested a $25,000 price point, fully autonomous driving capability, and an arrival time within three years. (Note...it's now 2024)
Musk backtracked on the car's development in 2022, before bringing it back into the spotlight in December 2023. According to Reuters, Tesla sent suppliers invitations to bid for the Redwood last year, and predicted a weekly production volume of 10,000 units. Production is scheduled to begin in June 2025, the sources said. "They have been overly optimistic on most of their new product launches. Yes...fire Elon, then Hugues Volume output is more likely to begin in 2026," Reuters quoted one source as saying.