Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Event-Driven

Faraday Future Intelligent Ele / Event-Driven

<ul>
<li>Faraday Future to spin-off its “Crypto Flywheel” / C10 Treasury assets into a separate entity (CXC10), enabling independent fundraising and clearer strategic focus.</li>
<li>Post separation, Faraday Future remains an EV story, focused on vehicle development, production milestones, and shared mobility initiatives.</li>
<li>The separation of the volatile, high-risk crypto assets from the EV business will reduce investor confusion and may uplift valuation by removing any conglomerate discount.</li>
</ul>


Faraday Future to spin-off its “Crypto Flywheel” / C10 Treasury assets into a separate entity (CXC10), enabling independent fundraising and clearer strategic focus.
Post separation, Faraday Future remains an EV story, focused on vehicle development, production milestones, and shared mobility initiatives.
The separation of the volatile, high-risk crypto assets from the EV business will reduce investor confusion and may uplift valuation by removing any conglomerate discount.


Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)</li><li>China steps up timetable for senior vaccinations as Covid cases surge</li><li>China’s President Xi Jinping meets with Mongolian President</li></ul>

Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)China steps up timetable for senior vaccinations as Covid cases surgeChina’s President Xi Jinping meets with Mongolian President

CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)

<ul><li>SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong Kong</li><li>Taiwan / Chinese envoy warns U.S. against further escalating tensions over Taiwan</li><li>Flood / Northwest China flash floods leave 16 dead, 36 missing</li></ul>

SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong KongTaiwan / Chinese envoy warns U.S. against further escalating tensions over TaiwanFlood / Northwest China flash floods leave 16 dead, 36 missing

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

Faraday Future Intelligent Ele / Equity Bottom-Up

<ul>
<li>Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.</li>
<li>FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.</li>
<li>Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. </li>
</ul>


Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.
FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.
Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. 


Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

<ul>
<li>Faraday Future (FF) released an 8-K today saying they raised $52m and could see as much as $600m after 90 days.</li>
<li>The 90-day lead time is obviously based on whether FF can survive. The company originally said it needed $200m to make it through the Q4 launch of its first EV.</li>
<li>FF said it only had $52m in cash as of August 9th versus $233m on April 30th. With new funding, FF has 7.4 weeks of money at current cash-burn rates.</li>
</ul>


Faraday Future (FF) released an 8-K today saying they raised $52m and could see as much as $600m after 90 days.
The 90-day lead time is obviously based on whether FF can survive. The company originally said it needed $200m to make it through the Q4 launch of its first EV.
FF said it only had $52m in cash as of August 9th versus $233m on April 30th. With new funding, FF has 7.4 weeks of money at current cash-burn rates.


Faraday Future Raised $52m or 1/4 of Needed Funds

United States

Faraday Future Intelligent Electric Inc. operates as a mobility ecosystem company. The Company develops mobility ecosystem that integrates clean energy, AI, internet, and usership models. Faraday Future Intelligent Electric serves customers worldwide.

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Faraday Future Intelligent Ele (FFIE US)

Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.

GSBR Research

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital

Faraday Future Raised $52m or 1/4 of Needed Funds

Faraday Future raises only $52m despite having said they need $200m to get them through the Q4 launch of their first EV. This has been marketed...

SC Capital

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52-week Range

Market Cap (USDm)

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Faraday Future to Spin Off Crypto Assets into a Standalone Company “CXC10”

​Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.

GSBR Research

CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)

Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2). China steps up timetable for senior vaccinations as...

Caixin Global

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital

Faraday Future Raised $52m or 1/4 of Needed Funds

Faraday Future raises only $52m despite having said they need $200m to get them through the Q4 launch of their first EV. This has been marketed...

SC Capital

Faraday Future to separate "Crypto Flywheel" assets into new entity CXC10. Parent will continue to operate its core EV and mobility ecosystem.