Update: Well, that didn’t take long. After we first reported on the image you see here, TechCrunch spoke with a “person with direct knowledge of Slate Auto’s vehicle design,” who confirmed—on the condition of anonymity—that the truck is “likely one of the concept vehicles the startup has created to show to potential investors” at its design center in Long Beach, California. Original story follows below.

A mysterious electric pickup truck has sparked curiosity online after a photo surfaced of a camouflaged two-door truck being offloaded from a flatbed in Los Angeles. The timing couldn’t be more interesting: news also broke that Amazon founder Jeff Bezos is quietly backing a Michigan-based EV startup called Slate Auto, which claims it’s developing a $25,000 electric model in the form of a compact, two-door pickup.

More: Jeff Bezos Secretly Backs EV Maker Building A $25K Pickup For The Masses

The image, posted to Reddit by user Discostranger09, shows the pickup truck being unloaded from a shipping container just outside their office. The flatbed truck is marked with the name “Time Towing LLC,” though there may be an additional word obscured at the front of the logo. The original poster didn’t offer much more than that, though commentators said the photo was likely taken somewhere in Los Angeles.

From what’s visible, the vehicle looks like a mashup of an older Range Rover and a Jeep Renegade—boxy, upright, and unapologetically stubby. The absence of a grille opening at the front suggests its electric, reinforced by what appears to be a charging port near the rear corner. A quick image search doesn’t match it to anything currently on the market, though admittedly, that’s far from definitive.

Is This Slate Auto’s First Prototype?

Naturally, Redditors were quick to speculate. The most popular theory is that this mystery truck is Slate Auto’s debut model, possibly caught during testing or transport. Others floated ideas ranging from a Rivian prototype to a one-off custom build, though no solid evidence has surfaced to support any theory just yet.

What We Know About Slate Auto

Slate Auto remains mostly under wraps, with limited information available beyond a recent TechCrunch report. According to that story, the company was quietly formed in 2022 as a spinout of Bezos’ investment in Re:Build Manufacturing. Since then, it’s been building out its team in Detroit, recruiting talent from legacy automakers like Ford, GM, and Stellantis, as well as from floundering EV startups such as Fisker and Canoo. Their goal? A $25,000, two-door, two-seat electric pickup aimed at a late 2026 release.

While Slate Auto hasn’t confirmed anything about the vehicle, they’ve announced that more news is coming on April 23. Whether that will include a formal reveal or just more corporate breadcrumbs remains to be seen.

In the meantime, we’ll keep digging to see what else we can uncover about the truck in question. If you recognize it—or if you’re the one who built it in your garage over a long weekend—drop us a line.

Photo discostranger09/Reddit

Electric vehicles might be the future, but profitability? That’s still a rare luxury in the EV world. An interesting study has revealed that just four EV-only brands are currently operating at a profit, while many others continue to bleed money at impressive rates. It probably won’t shock anyone that Tesla and BYD are leading the charge, but some of the other top-performing names are a bit less expected.

Read: Only 1 In 7 Of Today’s Chinese EV Brands Will Be Profitable By 2030, Analysts Claim

The study examined the operating income ratios of major EV brands and found that in 2024, Tesla reported an operating margin of 7.2%, putting it just ahead of BYD at 6.4%. However, while Tesla’s margin has declined since 2023, BYD’s has been climbing. If that trajectory holds, as many analysts expect, BYD could soon surpass Tesla in operating profitability.

Vertical Integration Pays Off

Key to the growth of both of these brands is that they are vertically integrated, helping them to scale and reach profitability sooner. The only other two brands analyzed by the study to have reached profitability are China’s Li Auto and the Series Group, which includes the Seres, Aito, and Landian brands.

While none of the other EV brands analyzed turned a profit in 2024, a few are edging closer. Zeekr, part of the Geely group, reported an operating margin of -8.5% last year. But with sales on the rise, it may soon begin delivering profits for its parent company. Xpeng and Leapmotor are also moving in the right direction, having more than halved their losses between 2023 and 2024.

Nio is another important player in China’s EV market, but not a profitable one. Its 2024 operating margin came in at over -30%, suggesting it still has a long climb ahead before it sees black ink on its balance sheet.

Tesla Stands Alone Outside China

Tesla remains the only non-Chinese EV brand to hit profitability. Polestar hasn’t crossed that threshold yet, though it did manage to reduce its losses in 2024. Similarly, Rivian also remains in the red, though like Polestar, it continues to receive substantial external funding.

At the other end of the spectrum, Lucid holds the dubious honor of running the steepest losses in the EV sector. According to data from Rho Motion, its 2024 operating margin was -374%. That’s an improvement from over -500% the year before, but still, not exactly a sign of financial health. Heavy backing from Saudi Arabia is helping Lucid stay afloat despite the massive shortfalls.

New Poll: American Voters Support Federal Investments in Electric Vehicles Broad, Bipartisan Support for EV Investments and Incentives that Lower Costs, Expand Access, and Help the U.S. Beat China in the Race for Auto Manufacturing WASHINGTON, D.C. – A new bipartisan national poll conducted by Meeting Street Insights and Hart Research finds broad public support …

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The NTSB report was released as part of the investigation into the 2024 collapse of the Francis Scott Key Bridge in Baltimore.

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Bergen, Norway February 17th, 2025 — Since going into service in 2015, the MF Ampere has now sailed an astonishing distance equivalent to 17 times around the equator on batteries alone, solidifying its place as a groundbreaking achievement in sustainable maritime transport. A decade on and the Ampere continues to showcase the transformative potential of electric …

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