Trending Now - Slate Auto Secures $650 Million to Advance Affordable EV Truck Production

WHO:

Bloomberg - Slate Auto CEO Peter Faricy discussed the company's plans on Bloomberg Open Interest.

Ars Technica - Slate Auto is the company involved in the funding and production of the electric vehicle (EV) truck.

TechCrunch - The funding round was led by TWG Global, a firm run by LA Dodgers owner Mark Walter.

WHAT:

Bloomberg - Slate Auto aims to produce a $20,000 electric pickup by focusing on affordability and extreme customization in manufacturing.

Ars Technica - Slate Auto raised $650 million in its latest funding round.

Ars Technica - The Slate Truck is expected to start in the "mid-$20,000s" when it goes on sale.

WHEN:

Ars Technica - The Slate Truck is projected to go on sale in late 2026.

WHY:

Bloomberg - Slate Auto's strategy is to disrupt the EV market by prioritizing affordability over incentives, even amid uncertainty in overall demand for electric vehicles.

HOW:

TechCrunch - The funding will be used to advance the production of affordable electric trucks.

(UPDATED April 13, 2026 19:25 UTC)

Slate Auto CEO Peter Faricy discussed the company's ambitious plans during an appearance on Bloomberg Open Interest. The company aims to produce an affordable electric pickup priced at $20,000, emphasizing extreme customization in its manufacturing process. Slate Auto's strategy is to disrupt the electric vehicle market by prioritizing affordability over incentives, despite the current uncertainty in demand for EVs.

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(UPDATED April 13, 2026 17:22 UTC)

Slate Auto has successfully raised $650 million in its latest funding round, led by TWG Global, a firm run by LA Dodgers owner Mark Walter. The company is gearing up to launch the Slate Truck, which is expected to start in the mid-$20,000s when it goes on sale in late 2026. This funding will be instrumental in advancing the production of affordable electric trucks.