Slate Auto says $24,950 electric truck will be profitable; targets positive cash flow next year
AI disclosure
Summary
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
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The AI Business model trap: LLMs want cash flow to fund the race to AGI or the next model. Enter free consumer AI - they are losing a lot of money on the breadth of models to serve consumers for free! They are caught in the post training data trap, free consumer usage feeds post…
— Nikesh Arora (@nikesharora) June 23, 2026