Summary
Peter Faricy has become the new CEO of Slate Auto, a startup that makes electric vehicles. Slate Auto plans to sell its vehicles directly to customers without using traditional car dealerships, similar to Tesla. The company aims to start selling its low-cost trucks soon and will announce the truck's price at the end of June.
Key Facts
- Peter Faricy is the new CEO of Slate Auto, an electric vehicle startup.
- Faricy replaces Chris Barman, who is now the President of Vehicles at Slate Auto.
- Slate Auto plans to sell vehicles directly to customers, bypassing car dealerships.
- The company has 160,000 reservations for its truck, which can also become an SUV.
- Slate Auto aims to produce 150,000 vehicles each year at its Indiana plant.
- The price of the truck will be announced in June, with expectations around $25,000.
- Jeff Bezos is an investor in Slate Auto, and the company is based in Michigan.
- Faricy has a background in automotive and retail, with previous roles at Ford, Amazon, and other companies.
