Connect with us

Hi, what are you looking for?

Your Profit SpringYour Profit Spring

Tech News

Tesla’s new compact crossover is reportedly coming in 2025, but will it cost $25,000?

Concept Tesla design images shown off in a recent corporate video. | Image: Tesla

Tesla is eying a June 2025 kickoff for production of a new mass-market compact crossover, Reuters reports. The company has apparently invited suppliers to bid to work on the car, and is forecasting producing 10,000 vehicles weekly. Tesla did not respond to The Verge’s request for comment on Reuters’ report.

News that production of the next-generation vehicle could be just a year and a half away comes as Tesla is facing intense competition in the electric vehicle market from BYD, a Chinese automaker that Reuters reports overtook Tesla to become the world’s top EV maker by sales in the fourth quarter of 2023. While BYD has grown rapidly off the back of its affordable cars, The Wall Street Journal notes that it’s moving into selling more…

Continue reading…

You May Also Like

Business

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days,...

Tech News

The latest Netflix app update will require Apple devices to run iOS 17 or later. | Illustration by Alex Castro / The Verge The...

Tech News

The new adaptive charging feature could help to save power and preserve the life of controller batteries. | Photo by Amelia Holowaty Krales /...

Business

U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a court filing....