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44.3C and a Senate rebuke

Senate checks Trump as heatwave cripples Europe and brittle networks rattle markets

Washington’s Iran war met an institutional brake, even as the Strait of Hormuz reopened only cautiously. Europe, meanwhile, sweated through records, rail systems stumbled, and investors discovered again that crowded trades can empty quickly.

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  • E5 leaders meet in Berlin

    Assures Macron the US of continued European commitment to NATO during the E5 summit in Berlin, reinforcing security strategy ahead of the Ankara summit.

  • US Congress passes housing bill

    Refuses to sign the housing bill until Congress passes unpopular voting restrictions, escalating his demand beyond the initial SAVE America Act requirement.

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European Union · Updated 17m ago

Brussels vs capitals: EU integration

The European Commission advanced its legal action against Hungary's 'sovereignty-protection' law by issuing a reasoned opinion, moving the case closer to the Court of Justice of the EU.

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Business·2h ago

Slate Auto prices its no-frills electric truck at $24,950, opens pre-orders and promises first deliveries by late 2026

The Bezos-backed startup says the rear-wheel-drive pickup starts at $24,950, with a 205-mile range, no touchscreen and a $300 deposit. An SUV version starts at $29,950.

Pricing and launch event

Slate Auto, the electric vehicle startup backed by Jeff Bezos, revealed its long-awaited price target today. The base “Blank Slate” pickup will start at $24,950, while a convertible SUV version is priced from $29,950. Pre-orders opened immediately on the company’s website, requiring a $300 refundable deposit for new customers. Existing reservation holders, who previously put down $50, pay an additional $250 to convert to a firm order. The pricing lands squarely inside the mid-$20,000 range the company promised last year, after the Trump administration’s removal of the $7,500 federal EV tax credit made an earlier sub-$20,000 goal impossible.

Specifications and range bump

Slate surprised observers by bumping the EPA range estimate from the originally touted 150 miles to 205 miles, a 37 percent increase. The single-motor, rear-wheel-drive truck produces 181 horsepower and 195 lb-ft of torque from a 65 kWh (63 kWh usable) lithium iron phosphate battery pack. DC fast charging via a NACS port takes 30 minutes to go from 20 to 80 percent at up to 120 kW; a full charge from a standard home outlet could take as long as 17 hours. Towing capacity is 2,000 pounds, payload 1,550 pounds, and the 0-60 mph time is a modest 8 seconds.

Minimalist design and customisation

To reach the price point, Slate stripped out nearly every comfort feature. There is no touchscreen, no stereo and no speakers, just a dashboard clip for a smartphone. Windows are cranked by hand, and the body comes unpainted in a single moulded grey composite. The strategy is to let buyers add accessories later via the Slate Marketplace, where more than 175 items are available, 80 of them priced under $500. Over 100 wrap colours can be ordered for $500, turning the truck into any shade a buyer wants.

Slate gives customers the freedom to buy only what they need today and personalize their vehicle as their needs change tomorrow.

— Peter Faricy

Pre-order details and production timeline

Slate has already collected around 180,000 reservations since the prototype was shown in April 2025. Production is scheduled to begin in autumn 2026 at the company’s Indiana facility, with first customer deliveries expected by the end of the year. The vehicle is small by pickup standards, about 14.5 feet long, more than two feet shorter than a Ford Maverick, and will initially be offered only as a two-door. An SUV conversion, which adds rear seating in either a fastback or squareback bodystyle, can be done by owners themselves or by professionals, guided by “Slate University” how-to videos released today.

Slate Auto key milestones
  1. Jan 1, 2022Slate Auto founded
  2. Apr 1, 2025Prototype unveiled, company emerges from stealth
  3. Mar 1, 2026Peter Faricy becomes CEO
  4. Jun 24, 2026Pricing announced, pre-orders open; $24,950 pickup, $29,950 SUV
  5. Sep 1, 2026Production scheduled to begin in autumn 2026
  6. Dec 1, 2026First customer deliveries expected

Market position and competition

The $24,950 sticker undercuts nearly everything on the US market. The average new vehicle sold for $49,220 in May, according to Cox Automotive data, and the average new EV cost $54,532. Used vehicles averaged $26,918. The closest direct competitors are the Ford Maverick, starting around $30,000, and the Chevrolet Bolt EV at roughly $29,000. With half of the existing reservation holders potentially converting to orders, Slate could quickly outsell the troubled Tesla Cybertruck and carve out a niche at the bottom of the new-car market.

Slate vs. key US vehicle price benchmarks · $
Slate pickup
24,950
Ford Maverick
30,000
Chevrolet Bolt EV
29,000
Nissan Leaf
32,000
Average used vehicle
26,918
Avg. small/midsize pickup
43,044
Average new vehicle
49,220
Average new EV
54,532
Slate pickup
24950 $
Ford Maverick
30000 $
Chevrolet Bolt EV
29000 $
Nissan Leaf
32000 $
Average used vehicle
26918 $
Avg. small/midsize pickup
43044 $
Average new vehicle
49220 $
Average new EV
54532 $
Los Angeles · Indiana
Peter FaricyJeff Bezos
United States

8 sources

  • Slate Auto's low-cost EV bet is about to be tested
    Axios·2h ago
  • Here are five ways you could build a Slate EV, from $25,000 to $37,000
    Ars Technica·4h ago
  • Slate Auto Wants Its $25,000 Pickup Truck to Be the Back-to-Basics EV
    Gizmodo·6h ago
  • Slate Auto's radically simple electric truck starts at $24,950
    TechCrunch·6h ago
  • Slate Tests Electric Pickup Market With Price Just Under $25,000
    Bloomberg Business·6h ago
  • With a Range Bump, the $25K Slate Is the Most Affordable EV Truck in the US
    Wired·6h ago
  • I drove the Slate Truck -- there's more to it than EV minimalism
    The Verge·6h ago
  • The Slate Auto pickup truck starts at $24,950
    The Verge·6h ago

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