00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Jeff Bezos-backed Slate Auto has hired Tesla veteran Napoleon Ray as the Senior Manager of Plant Vehicle Engineering in its Indiana plant, according to Electrek.
00:10Ray's previously led Tesla's Model Y and Model Y Refresh General Assembly in Fremont from 2022, and he spent five years in the company before joining Slate.
00:19Who comes to Slate and reveals its $20,000 EV pickup, which the company says has already secured 100,000 reservations.
00:25To cut costs, the truck excludes features such as a stereo, power windows, and paint.
00:30The price includes a $7,500 federal EV credit set to expire September 30th, potentially impacting Slate's affordability pitch.
00:37The IRS has clarified that buyers can still qualify for the credit beyond the deadline if they sign a binding purchase agreement and pay a fee before September 30th.
00:45Tesla raised the price of its top-end Cybertruck, CyberBeast, to $114,990, up from $99,990.
00:52For all things money, visit Benzinga.com.
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