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Also, if the extended range battery isn’t LFP, but instead NMC, being more energy dense, the cost could be greater for the bigger battery.

I think the idea of a ~200 mile standard range makes sense. The Fathom will be more aero than the Slate, but was projected to have a smaller (51kw?) battery, compared to Slate’s 63kw. Weight matters more than aero until highway speeds, so both of these smaller trucks should be efficient in town...

I don’t think the Fathom will be a loss leader, but if it’s supposed to be a low-cost pivot to SDVs, it will be low margin and subscription features will help recoup capex costs sooner. Also, it could be a sort-of loss leader if it’s a pilot for future UEV vehicles, which will cost less to bring...