Jeff Bezos is taking on Rivian and Elon Musk's Tesla with the release of a budget-friendly electric vehicle. Here's what the Slate looks like.

Slate Auto, an electric vehicle startup backed by Amazon CEO Jeff Bezos, unveiled its inaugural truck the company says starts at a price of $20,000 for the most bare-bones version, a lower price than competitors including Elon Musk’s Tesla vehicles.

Slate Auto, a small independent automaker based in Troy, Mich., has unveiled its new bare-bones truck, the 2027 Slate Truck EV, which is customizable and is priced at less than $30,000. "It's a Slate.

Kristin Hull, head of Nia Impact Capital, says she is concerned about Tesla’s sales drop in Europe and California. The activist investor explains why she isn’t bullish on Tesla despite Elon Musk's plans to refocus on the company.

Tesla's new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA).

Tesla (TSLA) continued to face challenges in the European Union in March as new car registrations declined 36% to 18,224 vehicles. Importantly,