Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
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Slate Auto, an electric vehicle startup, has announced that all of its upcoming vehicle models will achieve gross margin positivity, according to CEO Peter Faricy in a recent interview with CNBC. This strategic decision underscores the company's commitment to financial sustainability and profitability as it navigates the competitive EV market. By ensuring that each vehicle produced contributes positively to the company's gross margins, Slate Auto aims to strengthen its position in the industry and attract potential investors. Faricy's comments reflect a broader trend among EV manufacturers to focus on profitability amidst rising production costs and market challenges.
Original report
Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
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