For the folks who feel more comfortable buying from a legacy automaker such as ford instead of a start up such as Slate, just remember this. Ford currently is 149 billion in debt and just came off massive losses which they blame EV’s.
Let’s say the economy goes in the dumpster and are forced...
For a dealership to complain they aren’t making money is bonkers. If you look at their facilities and the constant remodels coupled with the expensive real estate they occupy clearly shows money is coming from some place.
The belief that the 2010’s cars don’t have a lot of technology is very misplaced. Even in 2010 most cars had at least 30-40 ECU’s connected via can bus, the only difference is you didn’t see it.
Going public would not be advantageous to Slate. If they would go public they would have to answer to the shareholders and the hedge funds that invested, not the end user of their product. Everything will be about the next quarter with the pessimistic outlook causing massive shorts on...
Let’s face it Car and driver is owned and operated by BMW and Porsche driving aficionados. They never would get their leather driving gloves dirty loading 38 sheets of drywall into a pickup truck. The fact they can’t understand aggressive regenerative braking clearly indicates the lack of...
Mark Walter, CEO of Guggenheim Partners and one of Slate’s lead investors, is also a major shareholder in Carvana. That kind of cross-ownership often precedes — or facilitates — a deeper operational partnership. Although no actual announcement has been made the relationship is very ironic.
Brain insists that Slate can’t be profitable because they are leasing the space they are in, when I pointed out that Tesla leases a 635,000 square foot facility and they seem profitable, he claims it’s not the same thing.
Remember these two dudes were predicting the epic dominating sales of...
I have read some online ranting that the Slate truck is nothing more than a collection of Chinese parts from Temu. We know the battery is built in Illinois and the motor is made in Georgia but just wondering if anyone has any insight where the rest of the parts are coming from. Stuff like the...
I hope they stay private and don’t go IPO. Slate right now is committed to their customers, if they go public they are beholden to the shareholders. Staying private would insulate them from Wall Street manipulation and killing of a good company. The only way Wall Street makes money is to suck...