Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

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

Bottom-up Japan Equities Research

Equity Bottom-Up

Faraday Future Intelligent Electric / Equity Bottom-Up

Faraday Future Intelligent Electric (FFIE US)

<ul>
<li>Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.</li>
<li>FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.</li>
<li>Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. </li>
</ul>


Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.
FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.
Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. 


Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch