TELO plans 500-truck launch with backing from Tesla's original founders
Jason Marks is using contract manufacturing and a $41,520 mini pickup to avoid the factory spending that buried earlier EV entrants.
By Ryan Merket · Published
Primary source: Forbes
Why it matters
TELO is testing whether an EV maker can reach customers with tens of millions of dollars, outsourced production and disciplined volume instead of a costly factory buildout.
Jason Marks plans to put TELO's MT1 electric pickup into production with an initial run of just 500 vehicles, a deliberately narrow launch backed by Tesla's original founders and designed to keep factory spending from consuming the young automaker.…
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