Carvana may hold a stake in Slate Auto through an unconfirmed warrant. Jeff Bezos remains one of the biggest names backing the EV startup. Order books for the cheap electric truck are set to open later this month. Slate Auto is pressing on with its plan to launch an affordable EV, and it is doing so at an awkward moment, with US appetite for electric cars on the wane. Order books open later this month, though the company still has not put a number on the car. As Slate inches toward production, a less obvious backer has come to light: Carvana. While Carvana is best known as a used-car retailer, it has recently been expanding into new-car sales, snapping up several former Stellantis dealerships across the country. Last year, it was given a warrant to purchase shares in Slate Auto at roughly the same time the car manufacturer started organizing its Series C funding round, which raised $650 million. Read: Slate Will Take Your Order For Its Cheap EV On June 24, Price Sold Separately Filings with Delaware’s division of corporations have exposed the connection between the two companies, but they stop short of confirming whether Carvana actually exercised the warrant, and if it did, how many shares it walked away with. According to a report from Tech Crunch, Carvana revealed in a March filing that it had been granted a warrant to purchase shares in an unnamed “products company” last year, noting the total value of the warrant was $1.5 million at the end of 2025. It’s unclear if this reference was in relation to Slate Auto or another company. Who Else Has Invested? Slate Auto has raised approximately $1.4 billion to date, although limited details are available on its investors’ holdings. Amazon founder Jeff Bezos is known to be a major investor, as is the billionaire chief executive of Guggenheim Partners, Mark Walter. Other known investors include General Catalyst, Slauson & Co, and Amazon executive Diego Piacentini. According to the automotive startup, prices for the all-electric truck will start somewhere in the “mid-$20,000” range. This is more than the sub-$20,000 price tag initially promised by Slate, but that was before the Trump administration axed the $7,500 federal EV tax credit.
