Rumors Swirl As Carvana Eyeballs Slate EVs Which Aren’t Even Used Yet
AI-summarised brief · reviewed before publication
Carvana, a used car marketplace, is considering an investment in Slate Auto, an EV maker backed by Jeff Bezos. Slate does not have any used or new cars on the market, making Carvana's interest intriguing. Carvana launched in 2012 and has seen a growing demand for electric vehicles, with almost 10% of its sales being EVs or hybrids last August. The company received permission from Delaware to invest in Slate last year, but no follow-through has been confirmed. Carvana's potential investment in Slate could be a strategic move to expand its presence in the electric mobility market. The news has sparked interest in the automotive press, with many speculating about the potential partnership. Carvana's business model and Slate's affordable EVs could be a good match, with Slate's starting price announced at $20,000 after rebates.
💡 Why It Matters
- · Carvana's potential investment in Slate highlights the growing demand for affordable electric vehicles, with Slate's $20,000 price point being a key factor.
- · The partnership could also bring transparency and convenience to the EV market, leveraging Carvana's existing business model and Slate's nationwide repair service network.