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Slate's $25K Electric Truck Sees 100K Reservations in Weeks

5/14/2025

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Summary

Story summary

Slate, an electric vehicle startup supported by Jeff Bezos, has garnered over 100,000 reservations for its budget-friendly pickup truck in just two weeks.
Priced under $25,000 after federal incentives, it targets cost-conscious buyers.
A $50 refundable deposit has generated over $5 million in fees.
Production will commence next year in Indiana, with a goal of 150,000 units annually by 2027.
Experts warn that high reservation numbers do not always translate to actual sales.

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Story summary

Slate, an electric vehicle startup supported by Jeff Bezos, has garnered over 100,000 reservations for its budget-friendly pickup truck in just two weeks.
Priced under $25,000 after federal incentives, it targets cost-conscious buyers.
A $50 refundable deposit has generated over $5 million in fees.
Production will commence next year in Indiana, with a goal of 150,000 units annually by 2027.
Experts warn that high reservation numbers do not always translate to actual sales.