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Elon Musk on Wednesday confirmed that Tesla is aiming to begin production on next-gen EVs by the end of 2025.
"Our current schedule shows that we will start production towards the end of 2025," he said during an earnings call. "But there's...a tremendous amount of new revolutionary manufacturing technology here."
That tech will initially be put to the test at Tesla's Giga Texas plant in Austin. "We'll follow that up with other locations around the world. Probably the factory we'll build in Mexico will be second, and then we'll be looking to identify a third location, perhaps by the end of this year or early next outside of North America," Musk said.
"That will be a challenging production ramp," he added. "We'll be sleeping on the line practically. In fact, not practically. We will be."
(OSHA might be interested in that given Giga Texas' track record.)
Musk didn't talk pricing, but his comments come after Reuters reported that Tesla is working on its next-gen lineup, codenamed Redwood, which could include a $25,000 version of its EV. Musk has talked up a lower-cost version of its Tesla EV for years. Last month, he said it's "obviously" in the works but declined to offer any specifics.
Tesla is telling suppliers it's aiming for a weekly production volume of 10,000 vehicles, Reuters reports, though Musk said on Wednesday that he's "not going to make any predictions on that front."
Until then, Tesla is focusing on the Cybertruck, which launched in late 2023 after years of delay.
"Demand is off the hook," Musk said this week. "I see us ultimately delivering on the order of 0.25 million, something like 0.25 million Cybertrucks a year in North America, maybe more."