Tesla is reportedly planning to build a new model in 2025. According to Reuters, the EV, codenamed Redwood, will be a compact crossover. Sources told the outlet, the firm plans to produce 10,000 units per week. Back in May, Tesla founder Elon Musk confirmed that two new EV models are in the works. Other than a silhouette for one of the motors, he didn’t give any further information. He said during a shareholders meeting: “I just want to emphasise that we are actually building a new product. “We are actually designing a new product. We’re not sitting on our hands here.” The billionaire business…