WARSAW — Slate Auto announced that preorders for its electric pickup truck will begin on June 24, 2026. The truck has a starting price of $24,950, with production scheduled to commence in autumn 2026 and deliveries expected to start in late 2026.

Customers can place a $300 non-refundable deposit to secure a delivery date for the vehicle. The Slate Auto truck is assembled in Warsaw, Indiana, and the company plans to achieve a production capacity of 150,000 units at this plant. Slate Auto has previously accumulated approximately 180,000 reservations for its vehicles, which required a refundable $50 deposit.

The electric pickup has an estimated range of 205 miles and is equipped with 181 horsepower and 195 foot-pounds of torque. Standard features include air conditioning, power locks, cruise control, and a back-up camera. The truck does not include a touchscreen, stereo, or speakers as standard, and features manual hand cranks for the windows. It does, however, include a dash mount for a mobile phone.

The two-seat pickup can be converted into a five-passenger SUV for an additional $5,000. Chris Barman, President of Vehicles at Slate Auto, stated that current projections anticipate the SUV configuration to account for 60% of sales. Slate Auto offers more than 200 accessories for its vehicles, with 80% of these costing under $500.

Slate Auto sells its vehicles directly to consumers at a fixed manufacturer-set price. The vehicle's battery and powertrain come with a warranty covering 10 years or 110,000 miles. According to data from Cox Automotive, the average new vehicle sold for $49,220 in May 2026, while small and midsize pickups averaged $43,044. New electric vehicles had an average price of $54,532 in May 2026, and the average used vehicle price was $26,918. For comparison, the Ford Maverick pickup truck starts at approximately $30,000, and the Chevrolet Bolt EV starts at around $29,000.

Slate Auto CEO Peter Faricy aims for the company to achieve positive free cash flow and earnings before taxes, depreciation, and amortization by 2027. Faricy was appointed CEO in March 2026. He said, "No other automotive company has been able to do that before. So it's ambitious. It's going to take a lot of work. Nothing's guaranteed in life, but you have to have ambitious goals if you want to achieve big things. That's the big goal we're shooting for." The company's break-even point is estimated at approximately 80,000 vehicles per year.

Regarding potential future financing, Faricy said, "We're going to constantly take a look at what our options are. Certainly going public will be one." When asked about timing, he added, "2027 is probably too soon, in my book. I think we'll want to really make sure that we're launching and scaling the business well."

Slate Auto initially revealed its flagship electric vehicle in April 2025, announcing a starting price under $20,000. This initial price target included up to $7,500 in federal tax incentives that were available at the time. The federal EV tax credit of $7,500 has since been discontinued. Slate Auto has raised more than $1.3 billion in capital through three financing rounds, and received backing from investors including Amazon founder Jeff Bezos and Los Angeles Dodgers controlling owner Mark Walter.