Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty

Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty
Jeff Bezos is backing the secretive EV startup Slate Auto, which has revealed its first product, an electric pickup truck. Meanwhile, U.S. tariffs are shifting, with a 90-day pause on certain tariffs impacting the transportation sector, although 10% base tariffs remain. This uncertainty has led analysts to downgrade price targets for major companies like Apple and Tesla. Additionally, Lucid Motors has won a bankruptcy auction for Nikola's factory assets, investing approximately $30 million. The wider EV market faces challenges as tariffs on Chinese imports affect battery costs.