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UnsungZero_OldTimeAdMan

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It is $27.5k before credits. Then there will be destination so it will be a minimum of $21k+
And once Cheeto Benito does away with credits... IMO, good luck selling enough of a stripped down RWD-only truck that is over $30k (with taxes and fees) to stay in business.
 

theonetruestripes

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It’s a joke and will never make it to market. The price assumes a 7500 tax credit which may or may not even exist at that point. Notice how there aren’t even any estimate costs of all the “upgrade options”. The R2 will end up costing less….and be very substantially better built.
Er…that is several very different statements.

“It’s a joke and will never make it to market” — it looks like they are dead serious. They identified a market hole, and aimed a product at it. It seems like a real hole (new truck under $25k or maybe $27k).

Ambitious yes, but not a joke.

Will they manage to do it? Well 90% of startups don’t, so chances are these guys will fail too. I mean the safe money is “they mean well and have a real plan but can’t execute”, because that is always where the safe money is.

The smart money is to find enough companies with a 5% chance of success and a 100x payoff and invest in them all.

Sure at this point it looks like the $7500 tax credit will be gone inside of six months and this releases in what two years? Bad timing, but to be honest even a $27k brand new truck is a pretty good price point.

Yeah, I imagine if you buy every single option on the list it may manage to cost more then an R2. Maybe that is a $45k price target? I think $5k to $10k of options seems more realistic. Then again not everyone needs all the things, and most or all of the SLATE options don’t need to be installed at purchase time. Which is a very big deal.

If you are single you can buy it and configure it like a two seat pickup. End up having a family and you can buy the SUV conversion. If you are buying a “normal” car you need to make the “what will I need in the next N years” choice up front and at for everything you might need. If you can buy it after the fact you can stick to what you need NOW and let the future bring what it will.

So even if making it to rough equivalent of a R2 costs $20k you could get a mere $2k of options and not worry “what will happen of if I move to a state that requires me to have doors!” or whatever.

(If it sounds like I am excited to get my ass into this dirt cheap trick — don’t fool yourself, it will be an absolutely huge step down from the R1, I don’t think it has any place in my life, I just don’t think that makes it a dumb product because lots of people are in a very different place!)

In other words: I think there is room for both Walmart Groceries and Whole Foods.
 

DayTripping

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I think it has a high chance of success. If I don't buy a quad, it might replace my R1T. My R1T is too much and not enough at the same time.

A lot of time it is total overkill for some of the truck stuff I need to do and pretty expensive to repair if something happens to it. At the same time, it isn't quick or fast enough to replace my Plaid. So I am seriously looking at selling my G1 R1T and Plaid, and buying a G2 quad (depending on how it actually turns out in real life) or maybe selling my R1T and replacing it with a Slate.

Currently I'd miss the Plaid too much if I just kept my R1T. At the same time, I am concerned about the massive depreciation if I bought a G2 quad (or almost any expensive EV). Then I also have an even more expensive truck to worry about when doing truck things. The idea of a sort of beater truck like the Slate is very appealing.

While the tax credits will help sell it, I think it might be cheap enough to sell very well. If it performs well given its pricepoint, and has reasonably priced options, it might sell incredibly well.
 

DuoRivian

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And once Cheeto Benito does away with credits... IMO, good luck selling enough of a stripped down RWD-only truck that is over $30k (with taxes and fees) to stay in business.
Well it sounds like the administration will be keeping them to end of 2026 for companies that didn’t sell past 200k as per the original Obama era limits. This makes sense and fiscally sound since uncapped credits with the leasing loophole has cost way more than projected when the legislation passed.

If this occurs then that helps Slate, Rivian and Lucid.
 

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kurtlikevonnegut

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Well it sounds like the administration will be keeping them to end of 2026 for companies that didn’t sell past 200k as per the original Obama era limits. This makes sense and fiscally sound since uncapped credits with the leasing loophole has cost way more than projected when the legislation passed.

If this occurs then that helps Slate, Rivian and Lucid.
It helps early R2 preorders for Rivian but they'll bust that 200k by mid 2026 likely. They are probably around 150k today.
 

mkg3

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All the different configuration possibilities are what makes SLATE so different than any other vehicle today.

The base vehicle maybe $27K-ish but as options add up for roll bars, back roof, back seats. and they'll probably have range extender battery too, it will quickly become into the low $40K. They will make their profits on the customization (I'd call it bespoke, if it was a lux vehicle :) ).

All they really have to do is to break even on the base vehicle. They appear to have lots of economies of scale in how they are approaching the common parts and options.

These guys are pretty smart and probably are tied into the beat of SEMA accessory vendors too. They can license lots of things to others and collect royalties for the mass marketed vehicle.

I am personally not interested in the vehicle. I am interested in their stock if and when they become public.
 

Gurule92

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DuoRivian

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It helps early R2 preorders for Rivian but they'll bust that 200k by mid 2026 likely. They are probably around 150k today.
The EDV is not included and the old rules had a phase out which, if co times, would mean end of 2026. This allows them to sell without impediment this year and next year for R1 and have a good start to R2. Not bad given the circumstances.

Certainly helpful for Slate.
 

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DayTripping

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The Slate just keeps getting better and better. I'd say I am about 98% likely at this point to convert my reservation into an order.
 

atebit

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It was good too see the prototype trucks in today’s reveal video…but the lack of “emote-ion” by the staff talking about them was palpable. It…was…very…scripted. I know that they’re automotive design professionals and not actors, but I would think that their enthusiasm for their product would transcend the teleprompter (SMILE).
 
 








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