The announcement of a new vehicle model typically generates positive investor sentiment as it indicates growth and expansion in the company's product line. Given Tesla's strong brand and market position in the EV space, the news of 'Redwood' could be seen as a significant development, likely to attract investor interest and potentially drive up the stock price in the short term. However, since the production is slated for 2025, the immediate impact may be somewhat tempered by the time horizon.