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

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 premium vehicles, bringing it into competition with Tesla.