SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Equity Bottom-Up

<ul>
<li>EV start-up Faraday Future released their delayed Q1 2022 results &amp; had some hair-raising disclosures on their first-ever earnings call. </li>
<li>Cash halved in the 3 months since Q4 2021 &amp; dropped another 20% as of April 30th. Faraday didn't deny that they have roughly a quarter's worth of cash left. </li>
<li>We can't see how Faraday raises cash in the current risk-adverse markets. And we don't see any assets worth buying them out for. Faraday is in need of a miracle. </li>
</ul>

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

Faraday Future Intelligent Electric

Faraday Future (FFIE)--Hanging by a Thread With 3 Months of Cash Left