Elon Musk teased the introduction of a new low-cost Tesla vehicle, 'Redwood,' expected to be a compact crossover.

The 'Redwood' is projected to start production by the end of 2025 with advanced manufacturing technology.

Tesla's new vehicle aims to compete with Chinese EV manufacturer BYD, indicating strategic market positioning.

Musk discussed the upcoming release of Full Self-Driving v12, underlining Tesla's advancements in autonomous vehicle technology.

Elon Musk suggested Tesla has the potential to become the world's most valuable company.

A future Tesla model may be priced around $25,000, significantly lowering the entry barrier for potential customers.

Tesla's global sales in 2023 exceeded 1.8 million units, demonstrating substantial market presence.

Plans are underway for new manufacturing facilities in Texas, Mexico, and possibly other locations outside North America.

Full Self-Driving v12 is set to be deployed to around 400,000 vehicles in North America, marking a significant update rollout.