Bezos-backed Slate Auto Aims to Challenge Tesla with Affordable EVs

Bezos Ventures Inc. is supporting Slate Auto to challenge Tesla in the EV market. Slate Auto aims to offer more adaptable and modular electric vehicles. Their business model focuses on tailor-made cars with easy manufacturing, potentially lowering prices. Slate Auto received over $111 million in funding, including from Guggenheim Partners CEO Mark Walter. This positions Slate to compete with Tesla in both innovation and affordability. Slate's focus on affordability targets a growing market of value-driven consumers. Slate is developing a $25,000 electric truck. This addresses the growing dissatisfaction with Tesla's pricing. Slate's low-cost, adaptable vehicles could appeal to budget-constrained families and individuals.