Slate Auto crosses 100,000 refundable reservations in two weeks

Buzzy new EV startup Slate Auto has racked up more than 100,000 reservations for its customizable low-cost electric pickup truck, the company has confirmed to TechCrunch. Slate crossed the milestone over the weekend, just a little more than two weeks after coming out of stealth mode and unveiling the truck at an event in Los Angeles, California. The company has said the truck will start below $20,000 after applying the $7,500 federal EV tax credit and plans to build the vehicles at a former printing plant in Warsaw, Indiana, as TechCrunch first reported. “We are truly humbled by America’s response to Slate’s brand launch and the launch of our truck,” Slate’s chief commercial officer Jeremy Snyder said in a statement to TechCrunch. “We are excited for what the future holds.” Collecting 100,000 reservations so quickly is one sign of how much interest there has been in Slate since it revealed the truck, but it’s no guarantee those reservations will translate to sales. The company is on ... Read full article.