Slate Auto raises $650M for electric pickups

Slate Auto has successfully secured $650 million in funding, signaling significant investor confidence in its mission to produce affordable electric pickup trucks. This substantial capital infusion is expected to accelerate the company's development and manufacturing plans, bringing its innovative vehicle designs closer to market reality. The company aims to disrupt the automotive industry by offering a more accessible option in the rapidly growing electric vehicle sector, potentially appealing to a broader consumer base.