Slate vs REO Runabout

[RedJoker]

My very first concert was REO Speedwagon at the Ohio State Fair. Mom made my brother take me with he and his friends. It was slightly delayed due to weather so we were literally "Riding the Storm Out."

Good times!

 

[Nivek]

Lol, this scam artist is at it. Has somewhere around 4000 pre-orders now. Blow up his posts calling out his BS.

 

[GaRailroader]

Lol, this scam artist is at it. Has somewhere around 4000 pre-orders now. Blow up his posts calling out his BS.

View attachment 42329

Pretty sad. That is a $100k they’ve collected. I suspect refunds are not coming.

 

[Nivek]

Pretty sad. That is a $100k they’ve collected. I suspect refunds are not coming.

I guess I should have created a scam comoany using only AI and a low moral compass. There aren't even concept renderings.... sad.

 

[LevelHeaded]

Lol, this scam artist is at it. Has somewhere around 4000 pre-orders now. Blow up his posts calling out his BS.

I suspect the order numbers assigned are random or artificially inflated. It seems like the first ones ever posted have order numbers > 1000.

I don’t think there are that many utter idiots, but maybe there are.

 

[Susan]

I wonder if their account violates twitter's rules against impersonation? It does seem like a scam. Maybe if enough people reported them for that, something... I don't count on twitter getting things right.

 

[sodamo]

Didn’t last long here

 

[LevelHeaded]

Lol, that post changes nothing. If anything it makes it worse.

Stop taking gullible peoples’ money. And get out of here; this is a forum for people to talk to other people, not for corporate interests totally unrelated to Slate to do PR (even if those “corporations” are just a dude and his chatbot). In fact, I’d hope doing so is against the ToS of this forum…

Edit: literally publishing their Slate Forum post like a press release: https://nitter.net/reoindustries/status/2068668463585923584#m

ROFL

from TOS: “You may not modify, copy, reproduce, republish, upload, post, transmit, publicly display, prepare derivative works based on, or distribute in any way any material from the Site.”

@Administrator, thoughts?

 

[Letas]

Sheesh. For a forum all about “American made small trucks”, this forum is deeply against this American Made small truck.

Remember, competition is good for consumers. I don’t plan on reserving a REO (at least not yet), but their success would benefit us all.

 

[GrizzlysGhost]

Sheesh. For a forum all about “American made small trucks”, this forum is deeply against this American Made small truck.

I don't think that's true at all. More like members in this forum are deeply against getting scammed. I'm sure I'm not alone in wishing this company nothing but the best if they are actually, truly legit.

 

[Mac-Tyson]

Sheesh. For a forum all about “American made small trucks”, this forum is deeply against this American Made small truck.

Remember, competition is good for consumers. I don’t plan on reserving a REO (at least not yet), but their success would benefit us all.

Not at all and honestly as a car enthusiast I have no issue with an ICE startup though I do believe it will be much more difficult for them to raise funds as one. The issue is asking for reservations without even prototype or at the very least design would make plenty of people skeptical. It’s not even just Slate fans either, if you go to the Ford Maverick Forums people are saying the same thing. If this is real I wish them the best but asking for reservations without a prototype sets a dangerous precedent regardless if they are real or not.

Like even Mutiny Motors which is a small operation and has shown some design concepts, hasn’t took any refundable reservations as far as I’m aware.

 

[Letas]

I don't think that's true at all. More like members in this forum are deeply against getting scammed. I'm sure I'm not alone in wishing this company nothing but the best if they are actually, truly legit.

If you don’t want to get scammed, don’t give them $25.

A year ago it looked similarly possible that Slate would go belly up and you’d never see your $50. The sentiment on this forum was “it’s $50 to support a dream” or similar…

 

[Letas]

Not at all and honestly as a car enthusiast I have no issue with an ICE startup though I do believe it will be much more difficult for them to raise funds as one. The issue is asking for reservations without even prototype or at the very least design would make plenty of people skeptical. It’s not even just Slate fans either, if you go to the Ford Maverick Forums people are saying the same thing. If this is real I wish them the best but asking for reservations without a prototype sets a dangerous precedent regardless if they are real or not.

Like even Mutiny Motors which is a small operation and has shown some design concepts, hasn’t took any refundable reservations as far as I’m aware.

Yeah, it is definitely risky to give them $25. It’s also risky to throw $25 in a slot machine, but people do it daily.

I’d be more than willing to bet, REO currently has minimal to no funding. They are using reservations to prove proof of concept to PE. Which will secure funding.

They’re a few steps behind when Slate launched. Slate had already gone through a few rounds of funding by their launch. I imagine REO can not get the same backing without some proof of their idea.

 

[KevinRS]

Yeah, it is definitely risky to give them $25. It’s also risky to throw $25 in a slot machine, but people do it daily.

I’d be more than willing to bet, REO currently has minimal to no funding. They are using reservations to prove proof of concept to PE. Which will secure funding.

They’re a few steps behind when Slate launched. Slate had already gone through a few rounds of funding by their launch. I imagine REO can not get the same backing without some proof of their idea.

They shouldn't expect to even get $25 backing without more than they have shown. All I have seen is about a short paragraph of a concept. Low cost, gas powered pickup with manual transmission option sums it up. Not even a concept drawing. Where would they even get manual transmissions in the 2020s? That is even less common now than manual windows, and a lot more complicated.

 

[Mac-Tyson]

Yeah, it is definitely risky to give them $25. It’s also risky to throw $25 in a slot machine, but people do it daily.

I’d be more than willing to bet, REO currently has minimal to no funding. They are using reservations to prove proof of concept to PE. Which will secure funding.

They’re a few steps behind when Slate launched. Slate had already gone through a few rounds of funding by their launch. I imagine REO can not get the same backing without some proof of their idea.

“Much like the Slate and other EV startups, REO has launched a website with fully refundable reservations for just $25, but the company’s own legal language makes clear that a reservation is not an order, not a production slot, not a locked-in price, and not a promise that a truck will be built or delivered. The company’s timeline currently points to a model reveal in late 2026, pilot builds and validation in 2027, an order book in 2028, and first deliveries in late 2028 or 2029

In other words, this is early. Very early. Early enough that you may want to keep both feet on the ground, even if you’re already dreaming of steel wheels and a bench seat…Will it happen? That is the question. For now, the REO Runabout is not a truck you can drive. It is an idea with a website, a reservation form, a trademark application, and a very strong sense of timing”-Michael Satterfield

A bit more than a few steps even their trademark of REO is still pending.