Faraday Future (FFIE): Not Looking So Bright
529 Views11 May 2022 10:18
SC has highlighted this Insight as a Top Pick
SUMMARY
- EV start-up Faraday Future (FF) will be de-listed by the Nasdaq if it fails to file its 2021 annual report & Q1 2022 results by May 16th.
- FF has no revenues yet, but plans to start production in Q3. Cash as of March-end was only $273m vs cash burn of $181m & payment obligations of $193m.
- FF's growth strategy is risky & relies on the ultra-luxury car market, which is peaking. Without financing, FF may struggle to survive this year.
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Discussions
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- Faraday Future (FFIE) Struggles to Finance Amid Internal "Civil War"14 Jul 2022
- 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
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