The Buzzy New EV Startup Slate Slate Auto has garnered more than 100,000 reservations for the customizable low -cost electric truck, the company has confirmed to TechCrunch.
Slate crossed the landmark over the weekend, just over two weeks after leaving Stealth Mode and revealing the truck to an event in Los Angeles, California. The company said the truck would start below $ 20,000 after the implementation of the $ 7,500 federal tax credit and plans to build vehicles at a former printing factory in Warsaw, Indiana, as Techcrunch said for the first time.
“We are truly humiliated by America’s response to the Slate brand launch and the start of our truck,” Slate Jeremy Snyder said in a statement to TechCrunch. “We are excited about what the future holds.”
The collection of 100,000 bookings is so fast is a sign of how interesting it has been to Slate since it revealed the truck, but it is not a guarantee that reservations will translate into sales. The company only asks prospective buyers to fly $ 50 to keep their position on the line to finally order the truck. The end is returned.
Many other newly established companies have reserved reservations in the past only to fail to meet the expectations of such large, round numbers. Fisker was filed for bankruptcy that has sold only a few thousand SUV Ocean, despite claiming more than 60,000 reservations. Lordstown Motors, meanwhile, was accused by the Securities and Exchange Commission (SEC) for misleading investors on the number of “preorders” for its own electric truck. (Motors Lordstown were similarly deposited for bankruptcy and eventually settled with the Securities and Exchange Commission)
Slate has great goals for its truck, which – for a non -announced price now – can also be converted into SUVs. The company says it will be capable of manufacturing up to 150,000 vehicles by the end of 2027 at the Indiana plant. And he has great supporters helping Slate try to achieve this goal, including Jeff Bezos (through his family office, Bezos Expeditions), CEO of Guggenheim Partners Mark Walter and VC General Catalyst.
