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

213 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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