Automotive & EV

Texas Real Estate Guy Wants to Make a $21,500 Truck. He Got 5,500 Reservations in Six Days

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REO, a Texas-based startup founded by a real estate entrepreneur, has garnered significant interest with its $21,500 gas-powered truck called the Runabout, securing 5,500 reservations in just six days. This development highlights a strong market demand for affordable, non-electric vehicles but faces challenges related to government policies and supplier agreements. Developers should monitor how REO navigates these uncertainties as it aims to deliver its product.

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Texas Real Estate Guy Wants to Make a $21,500 Truck. He Got 5,500 Reservations in Six Days

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