News Summary

Slate Auto, an electric truck startup backed by Jeff Bezos, has garnered more than 150,000 refundable reservations for its affordable electric vehicle, set to launch at the end of 2026. Despite challenges in the electric truck market, with companies like Ford ceasing production of its F-150 Lightning due to profitability issues, Slate’s reservation numbers continue to rise. The company plans to produce 150,000 EVs annually at its Indiana facility. The truck is designed specifically as an EV and is priced in the mid-$20,000 range, potentially positioning Slate for early market success.