Slate Auto to Reveal Pricing and Open Preorders for Its EV on June 24

Slate Auto, the electric vehicle startup supported by Jeff Bezos and LA Dodgers owner Mark Walter, is gearing up to unveil pricing and start accepting non-refundable preorders for its budget-friendly electric vehicle on June 24. Deliveries are anticipated to begin later this year.

On Thursday, the company reached out to prospective buyers, encouraging them to make a $50 reservation now before the $300 preorders begin next month, assuring a “delivery window ahead of those who do not reserve.”

Previously, Slate had mentioned it would reveal pricing details in June. An FAQ section on the preorder page, activated on Thursday, confirms that pricing information will be announced on June 24. The company has not responded to a request for comments.

The four-year-old startup emerged from stealth mode in April 2025 following a TechCrunch article outlining its ambitions to create a low-cost, no-frills, customizable vehicle. Slate has previously stated that the base model of its EV—convertible from a two-seater truck to a five-seater SUV for an additional charge—would start at “under $20,000” with a $7,500 federal tax credit. However, that credit was removed by the Trump administration and Congress late last year, and Slate has been tight-lipped about its pricing, only suggesting that the vehicle will be priced in the mid-$20,000 range.

The idea of a simple EV with manual windows and no paint has resonated with consumers. Since its reveal last year, over 160,000 potential customers have placed refundable $50 reservations. However, as shown by other EV startups in the past decade, converting reservations into actual sales poses a significant challenge.

To tackle this issue, Slate appointed a new CEO in March. The company is now headed by Peter Faricy, a former Amazon Marketplace vice president, with many of Slate’s leadership positions filled by ex-Amazon executives.

Moreover, Slate has obtained significant financial backing to help navigate the demanding process of manufacturing and delivering an EV. In April, the company revealed the completion of a $650 million Series C funding round, bringing its overall funding to approximately $1.4 billion.

Much of this funding is thought to have originated from Walter’s financial firm, TWG Global. Although Bezos was involved in the company’s initial funding, the extent of his contributions in later funding rounds remains unclear. In May, TechCrunch reported that his family office manager had stepped down from her position on Slate’s board of directors.

This story has been updated to reflect that Slate Auto will announce pricing on June 24.