A new electric truck company, Slate, is challenging Tesla and Rivian with a $20,000 base price

From Nasdaq: 2025-05-08 07:07:00

Slate, a new electric truck company backed by Jeff Bezos, is causing a stir in the EV market. With a base price under $20,000 after incentives, Slate is attracting interest and potentially stealing market share from rivals like Tesla and Rivian.

By offering a radically simple and customizable electric truck, Slate is challenging traditional EV models with lower prices. Even with base models advertised at $20,000, Slate could be a game-changer in the industry.

Investors are keeping an eye on Slate as it promises deliveries starting in 2026. With the potential to save 70% off the cost of a new electric truck, Slate could disrupt the market and draw demand away from competitors like Tesla and Rivian.

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Read more at Nasdaq: I Think I Just Built a Slate Electric Truck for Under $20,000 — and Tesla and Rivian Should Be Nervous