Slate Auto has received over 100,000 refundable reservations for its affordable EVs priced under $20,000 after tax credits.
The company reached the 100,000 mark last weekend, with buyers showing significant interest in its vehicles.
While the response is impressive, history shows that early interest from buyers does not guarantee long-term success, citing examples like Fisker and Lordstown Motors.
Despite concerns about Slate Auto's sustainability, its EVs are considered promising, although the final cost may exceed the initial base price once fully equipped.