Tesla says it will start making new EV model in second half of 2025

BURBANK, CALIFORNIA - JANUARY 16: The Tesla logo is displayed at a Tesla Supercharger station on January 16, 2024 in Burbank, California. Mario Tama/Getty Images/AFP (Photo by MARIO TAMA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

TESLA expects to start production of its next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday.

His projection followed a Reuters story earlier in the day saying Tesla had told suppliers to prepare for a June 2025 startup of a smaller crossover vehicle aimed at a mass market.