I think I just built an electric shade truck for less than $ 20,000 – and Tesla and Rivian should be nervous

  • The Jeff Bezos Slate supported is a new car company that plans to build electric trucks in the Midwest for the delivery of 2026.

  • The main Slate model is to sell retail for less than $ 28,000, and costs less than $ 20,000 after EV tax loans.

  • Competitioning Tesla and Rivian electric trucks costs 3 to 4 times more than Slate’s compact EV truck.

  • 10 shares we like better than a Rivian car ›

Have you heard of the new shale electric truck? For Tesla (Nasdaq: Tsla) and Rivian car (Nasdaq: rivn) There is certainly. And if you are an investor in any of these two leading electric vehicle shares (EV), you should definitely follow the slate.

And if you have no I heard about slate, here’s what you need to know.

First of all, you should know that Slate Slate represents Tesla and Rivian is still quite a variety. Although supported by many well -arranged financiers, billionaire Jeff Bezos among them, Slate is an electric car company that is still firm in startup mode. Media reports point to (but Slate is not yet confirming) that the supplies of Slate EV trucks are unlikely to start before the last quarter of 2026, which is said to have previously reimbusgated a $ 50 deposit last week.

They have probably already started influencing the sales of Tesla Cybertrucks and Rivian R1t and R1s vehicles.

Slate describes its new electric truck as “the most radically simple, wildly patted vehicle there”, designed in California and assembled in Michigan (or maybe Indiana – here is some confusion at that moment). At its most basic level, the Slate is a two-door RWD RWD pickup. Approximately the size of the standard cabin from the early 2000s Ford Ranger, but two feet shorter than a modern Ford Maverick hybrid pickup, for example, and a lot smaller than Tesla or Rivian trucks.

Slate is interested in the new vehicle by advertising it at an “expected price of less than $ 20,000 after federal incentives”, which implies a basic price of perhaps $ 27,000, a minus federal tax loan of $ 7500 for electric vehicles built in the US.

Compare this with the Cybertruck input of $ 69,990, $ 71,700 on the base Rivian R1T will cost you or $ 77,700 MSRP on Rivian R1s and you can see Slate attracts interest and will probably steal the market share of its rivals.

Of course, all of the above are advertised prices for the base model. Start adding options and each of the EVs listed above Skyrockets in crh. (Cybertruck, for example, is described as the best-selling vehicle in America, “priced over $ 100,000”, telling you that few buyers find Cybertrucks for less than $ 70,000.) And Slate already has “nearly four dozen accessories” available for supplement.

All this made me think. I am in my heart and I would really like to see if it is possible to build a shale truck for something close to its advertised price. Is this possible? And would it cost a cheap shale truck?

So I decided to find out.

Entering the Slate website, I created an account and paid the $ 50 booking fee – then I started to build.

I started with what is called the empty slate, an electric truck of 150 miles in a two-door pickup configuration, adding only a backup tire carrier to the back of the lift, which requires the addition of a larger rear bumper. I skipped the options from the past to add labels or “wrap” the shale in a different color. (The colors are added by packaging, not shale painting). In the same way, I skipped the tire upgrades and larger tires and left the wheels myself. And I refused a superstructure to a range of 240 miles.

I can rethink this decision later.

Headlights and brake lights? The basics work for me. In the same way, most interior colors, including the seat, armrest, steering wheel and limestone – yes, Slate has hand windows. I added contrasting colors for climate control dials and key FOB to make them easier to find in the dark.

For the floor I chose an easy -to -clean rubber floor pad and rubber mats for the floor, inventing a brand new model of the truck, maybe before that before that Walmart Saves that fit.

The big solution was the stereo. Slate offers the ability to “bring your own” configuration, in which neither stereo nor speakers are installed. Instead, you can add a speaker installation, phone holder and Bluetooth steering wheel controls. Then buy Bluetooth speaker Amazon.com (Nasdaq: AMZN)Turn it on and connect it to your phone. Abracadabra, you have a Pack ‘N’ Play Entertainment Center, which never stays out of date – because when it does, you can simply turn it off for the most technology.

Slate actually recommends this option. I have a hint too, and Amazon likes the idea as I do.

Image source: slate.

After all, I still have jumps 90% of the offered “customization” steps that are in the interest of getting a basic, usable electric truck for a price as much as possible. And does it work?

I hope. Slate does not really show the price effect of any of its customization options, even to upgrade the battery, which I suspect is significantly affecting MSRP. When everything was said and done, I couldn’t tell you exactly how much it would cost to build my slate.

However, all this, the greater part of the customization options, look completely down, without affecting the functionality of the truck (except for the battery upgrade, that is, or the option of converting the pickup into SUVs). This suggests that buying a bare bone sheet for close to the advertised price-ratio is below $ 20,000 after state tax incentives- it In fact, we fully fulfill, as the company claims.

Only the prospect itself and the promise of deliveries, beginning maybe 18 months from now on, could drain a significant demand far from Tesla and Rivian. For a chance to save 70% off the price of a new electric truck, I can afford to wait.

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John Maki, former CEO of Whole Foods Market, a subsidiary of Amazon, is a member of the Board of Directors of Motley Fool. Rich Smith has no position in any of the reserves mentioned. Motley Fool has positions and recommends Amazon, Tesla and Walmart. Motley Fool has a policy of disclosure.

I think I just built an electric shale truck for less than $ 20,000 – both Tesla and Rivian should be upset initially by The Motley Fool

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