Slate Auto Says Each $24,950 EV Truck Will Be Gross Margin Positive, Targets Cash Flow Positive by 2027

According to CEO Peter Faricy in a June 22 interview, Slate Auto expects each of its $24,950 electric pickup trucks to achieve positive gross margins, with the company targeting positive free cash flow and EBITDA (earnings before taxes, depreciation and amortization) by 2027. The Michigan-based startup, backed by Amazon founder Jeff Bezos and Dodgers owner Mark Walter, plans to break even at roughly 80,000 vehicles per year—just over half of its 150,000-unit production capacity at its Warsaw, Indiana facility. Slate has received more than 180,000 reservations and officially opens preorders on Wednesday. The company raised over $1.3 billion across three funding rounds.
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