Tesla's 'Project Redwood' and the Future of Affordable EVs

The article discusses Tesla's upcoming "Project Redwood," a new platform for building a smaller crossover, and its potential impact on the electric vehicle (EV) industry. It addresses concerns about a potential EV slowdown and the need for more affordable EV options. The text emphasizes the importance of offering entry-level EVs to reinvigorate demand and suggests that Tesla's focus on this could propel the industry forward. It also highlights the challenges in achieving affordable EVs and the impact of Tesla's distractions, such as the Cybertruck, on its progress.

• Tesla's "Project Redwood" aims to introduce a new platform for building a smaller crossover
• Concerns about a potential EV slowdown and the need for more affordable EV options
• Emphasizes the importance of offering entry-level EVs to reinvigorate demand
• Challenges in achieving affordable EVs and the impact of distractions on Tesla's progress