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Deliveries of Slate's pickup and SUV begin later this year. Photo courtesy of Slate

Slate Auto, the electric vehicle startup backed by Amazon founder Jeff Bezos, says it has more than 180,000 "reservations" for its stripped-down, bare-bones electric pickup truck, with a starting price tag of $24,950.

Why it matters: Slate is betting that automakers can profit from affordable EVs by selling customization instead of packing every feature into the vehicle upfront.