Slate raises fresh $650 million as reservations for its mid-$20,000 truck cross 160,000

Source: Business Insider

Slate Auto — the company focused on assembling US-built, mid-$20,000 electric pickups — said its upcoming product hit 160,000 reservations. Myung J. Chun / Los Angeles Times via Getty ImagesSlate Auto secured $650 million in new funding to produce its EV trucks by the end of this year.