Faraday Future (FFIE)--Hanging by a Thread With 3 Months of Cash Left
814 Views25 May 2022 03:55
SUMMARY
- EV start-up Faraday Future released their delayed Q1 2022 results & had some hair-raising disclosures on their first-ever earnings call.
- Cash halved in the 3 months since Q4 2021 & dropped another 20% as of April 30th. Faraday didn't deny that they have roughly a quarter's worth of cash left.
- 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.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
- Faraday Future (FFIE)--Hanging by a Thread With 3 Months of Cash Left25 May 2022
- Faraday Future (FFIE) Fails to File Q1 Results; Changes Tone on 1st Model Launch Timing18 May 2022
- Faraday Future (FFIE): Not Looking So Bright11 May 2022
x