Faraday Future (FFIE) Fails to File Q1 Results; Changes Tone on 1st Model Launch Timing

203 Views18 May 2022 05:04

SUMMARY

Farday Future failed to file its Q1 2022 financials by May 16th, saying it received an extension until May 23rd. This is the 3rd extension for Faraday's quarterly financials.
The company's cash has halved in the 3 months between the end of December 2021 and March 2022 end.
Disclosures are now cautious about its first model launch in July and its ability to fund operations through 2022. Finance needs stated to be $1.5bn or 2x its market cap.

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