Slate Auto Opens Preorders for $24,950 EV Pickup, Targets 2027 Profitability
Updated
Updated · CNBC · Jun 24
Slate Auto Opens Preorders for $24,950 EV Pickup, Targets 2027 Profitability
3 articles · Updated · CNBC · Jun 24
Summary
$300 nonrefundable preorders opened Wednesday for Slate Auto’s $24,950 two-seat electric pickup, with customer deliveries expected in the fourth quarter after more than 180,000 earlier reservations.
Peter Faricy said the startup aims to reach positive free cash flow and EBITDA by 2027, arguing its stripped-down design, direct-sales model and roughly 80,000-vehicle break-even point can avoid the heavy losses seen across EV peers.
Slate plans 150,000 units of annual capacity at its Warsaw, Indiana, plant and is still hand-building about three vehicles a day while targeting normal production processes by August and completing federal certification.
The Bezos- and Mark Walter-backed company has raised more than $1.3 billion and is still seeking funding as it bets buyers will pay extra for modular upgrades, including a $5,000 SUV conversion and 175 accessories.
With $1.4 billion raised, will Slate's low-cost strategy finally make an EV startup profitable?
Is Slate’s customizable, screen-free EV the future of mobility or a bet against consumer habits?
Breaking the $30,000 Barrier: Slate Auto’s “Blank Slate” EV Pickup and the Future of Customizable, Low-Cost Electric Vehicles
Overview
Slate Auto has officially opened preorders for its 'Blank Slate' electric pickup, making waves with a base price of $27,500—nearly half the average new vehicle price. This aggressive pricing strategy positions the truck as a disruptor in the EV market. For nearly four years, Slate Auto has focused on developing the vehicle and reindustrializing its Warsaw Factory, driven by a strong commitment to affordability. The company's efforts aim to deliver a practical and accessible electric truck, challenging industry norms and offering a compelling option for budget-conscious buyers.