US EditionSlate Auto Has Raised $700M for Its $20K Electric Truck. Is That Enough?
- Slate Auto unveiled its all-electric pickup, the Blank Slate, in late April 2025 and quickly secured 100,000 reservations in the US.
- This rapid interest followed growing consumer frustration with complex infotainment systems and a demand for simpler, affordable electric vehicles.
- Slate aims to sell the truck below $20,000 after federal incentives, backed by $700 million in early funding and plans to begin deliveries in late 2026 from its US factory.
- The $50 refundable reservation fee generated $5 million but does not guarantee sales, and some experts note $700 million may be insufficient given EV industry costs.
- If Slate converts enough reservations, it could influence the EV market by serving price-sensitive buyers who prioritize simplicity over luxury features.
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