Slate announced its uber-cheap EV pick-up just two weeks ago and has already received 100,000 reservations for the modular pickup.
The starting price of the Slate electric truck is under $20,000 after federal incentives, making it more affordable compared to other electric trucks like the Rivian R1T.
Slate's approach focuses on simplicity and affordability, offering optional features like speakers, with a refundable reservation fee of $50.
The company aims to have an annual production capacity of around 150,000 vehicles by the end of 2027 and presents a challenge to traditional automakers by tapping into the demand for cheap electric vehicles.