Slate Auto, partly funded by Jeff Bezos, unveils a low-cost, transformable electric truck/SUV starting at $20,000 (after incentives). Smaller than comparable models, it prioritizes affordability over luxury features, offering a range of 150-240 miles. Manufactured in the Midwest, deliveries are slated for late 2026, with reservations open for a $50 fee. The company secured $111 million in funding from Bezos, Mark Walter, and Thomas Tull.

Prepared by Christopher Adams and reviewed by editorial team.