Slate Auto (Slate) Targets $24,950 EV Profitability by 2027
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSlate Auto, an electric vehicle startup, aims to sell customizable EVs starting at $24,950 while achieving positive cash flow by 2027. CEO Peter Faricy stated that every vehicle produced will have a gross margin positive, leading to profitability. The company's break-even point is approximately 80,000 units annually, which is less than half of their planned capacity of 150,000 vehicles at the Indiana plant. This model contrasts with recent financial struggles faced by other EV startups such as Lordstown Motors and Rivian Automotive.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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