Carvana gains option to invest in Jeff Bezos-backed EV startup Slate Auto.

Carvana has secured a warrant to buy shares in Slate Auto, an electric vehicle startup supported by Jeff Bezos, with the option exercisable in 2025. This move aligns with Carvana's efforts to expand into new car sales, including acquiring Stellantis dealerships across the U.S. Slate Auto is preparing to launch its affordable EV priced around $20,000, aiming for first deliveries by year-end. Selling through Carvana's dealerships could help Slate Auto manage logistics and boost its market presence, while Carvana benefits from potential growth in EV sales and strategic ties to investors like Mark Walter, who holds stakes in both companies.