according to techcrunchCarvana was granted warrants for shares slate auto Last year, based on documents from the Delaware State Corporations Division. The move comes as the startup automaker prepares to release details like the end of reservations and start of preordering along with official prices later this month. Since last year, Slate Auto has offered a $50 reservation fee to be at the front of the line and report 100,000 reservations in two weeks.
The Arizona-based online used car company, founded in 2012, has begun expanding into new car sales Purchase of some Stellantis dealerships Starting from last year. It is also rapidly increasing used car sales and is close to the 200,000 vehicles mark in the first quarter of 2026.
According to TechCrunch, Mark Walter, CEO of Guggenheim Partners and TWG Global Holdings and owner of the Los Angeles Dodgers and Los Angeles Lakers, has a stake in both Carvana and Slate Auto.
Slate truck announced for April 2025 As a back-to-basics EV It won’t come standard with features like power windows or an infotainment system. However, buyers will be able to customize the vehicle with an enclosed SUV body with vinyl wraps and even a rear seat. By doing so, the company aims for a starting price below $30,000.
Slate Auto won’t be the only automaker marketing a low-cost EV as U.S. consumers face inflation, tariffs and higher energy costs. Ford is ready to launch its own compact electric pickup truck Next year on a new platform that’s less expensive to produce and is set to underpin a future line of EVs.
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