Slate Auto will announce pricing and take preorders for its EV on June 24
AI-summarised brief · reviewed before publication
Slate Auto, an electric vehicle startup backed by Jeff Bezos and Mark Walter, will announce pricing and start taking preorders for its low-cost EV on June 24. The company had previously said it would start in the mid-$20,000 range, but the $7,500 federal tax credit was killed by the Trump administration and Congress. Over 160,000 potential customers have made refundable $50 reservations since the EV was revealed last year. Slate has lined up significant financial firepower, including a $650 million Series C funding round, to tackle the task of building and shipping an EV.
💡 Why It Matters
- · The success of Slate Auto's EV hinges on converting reservation holders to actual customers, a notoriously difficult task for EV startups.
- · If Slate can execute, it could disrupt the affordable EV market and challenge established players.