The ride may be over for Faraday Future Intelligent Electric (NASDAQ:FFIE). After FFIE stock surged to unexpected heights earlier this month on short squeeze momentum, the micro-cap electric vehicle (EV) producer is back below the $1 mark today. After the close of markets yesterday, the company reported worse-than-expected earnings for the fourth quarter of 2023. It certainly doesn’t look good that Faraday Future missed Wall Street estimates on revenue, reporting only $800,000, opposite the already-low fore ...

Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) Q4 2023 Results Conference Call May 28, 2024 8:00 PM ET Company Participants Jonathan Maroko - CFO Matthias Aydt - Global CEO Operator Ladies and gentlemen, thank you for standing by. Welcome to Faraday Future Intelligent Electric Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note this conference is being recorded. I would now like to turn the co ...

Core Points - Faraday Future's shares are declining below $1 following Nasdaq's notification of noncompliance and delisting determination [1][2] - The company has filed its Form 10-K but is still facing compliance issues due to its stock price and delayed earnings report [2] - Faraday reported $800,000 in revenue for 2023 but incurred a net loss of $432 million, indicating ongoing financial struggles [2] Compliance and Delisting Issues - Nasdaq informed Faraday on April 24 that it was noncompliant due to a closing price of 10 cents or less for 10 consecutive trading days [1] - The company was previously notified on December 28 about noncompliance for having a closing price below $1 for 30 consecutive business days, with a deadline of June 25 to regain compliance [2] - Faraday's failure to file its first-quarter earnings could lead to further delisting actions [2] Financial Condition - As of May 23, Faraday had only $5 million in cash, with $2 million being restricted, against a net cash usage of $278 million in operating activities for 2023 [3] - The company has substantial doubt about its ability to continue as a going concern due to its cash position and ongoing losses [3]

Group 1 - Faraday Future reported a revenue of $800,000 for the fiscal year 2023, significantly below Wall Street's expectation of $2.59 million, marking the first year the company has reported revenue [1] - The company's net loss improved to -$432 million in 2023, compared to -$602 million in 2022, with EV sales commencing in the third quarter of the year [1] - CEO Matthias Aydt expressed optimism about future growth through efficiency and new market entries in 2023, emphasizing a commitment to enhancing product strength and shareholder value [1] Group 2 - FFIE stock experienced a decline of 31.6% as of Wednesday morning, with 55.1 million shares traded, which is below the daily average trading volume of approximately 95.4 million units [2]

Exhibit 99.2 Faraday Future Intelligent Electric Inc. Fiscal Fourth Quarter and Full Year 2023 Earnings Release May 28, 2024 -స్స Legal Disclaimers Forward Looking Statements This presentation includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Phwate Securities Littyation Reform Ast of 199 press release, the words "estimatles", "projected", "opped", "anticipates", "plan," innends," "believes", "ney" "MI", "mull," "Mult", "propoce" and valunco of theo" ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-39395 Faraday Future Intelligent Electric Inc. (Exact name of registrant as specified in its char ...

One of the most pronounced beneficiaries of the meme trading phenomenon, electric vehicle manufacturer Faraday Future (NASDAQ:FFIE) saw its shares soar around 2,200% in the trailing month. However, prior to the surge, FFIE stock had traded well below the minimum price requirement to stay listed. While Faraday enjoys demand from bullish speculators, that may not be enough to overcome current challenges.At the end of December 2023, Faraday announced that it received a letter from the Nasdaq that stated FFIE s ...

After skyrocketing to truly astounding heights during last week’s meme stock rally, Faraday Future Intelligent Electric (FFIE) stock seems to be running out of momentum. The electric vehicle (EV) producer went from a little-known penny stock that many investors ignored to being the talk of Wall Street. Over the past month, FFIE has surged more than 2,000%, beating the meme stock slump that quickly overtook some of its larger and more popular peers. But now shares are falling again, and data reveals that the ...

Core Viewpoint - Faraday Future Intelligent Electric (FFIE) is set to report its fourth-quarter earnings on May 28, 2024, following a recent surge in stock price due to a meme stock rally, raising questions about its long-term growth prospects and financial health [1]. Financial Performance - FFIE stock has experienced significant volatility, dropping 22% in a single day but still up over 132% for the week prior [2]. - The company has delayed filing its 10-Q report, which is a requirement for publicly traded companies to provide a continuing view of their financial position [2][3]. - Faraday indicated that it does not believe the results of operations changed significantly in Q1 2024 compared to Q1 2023, despite the delay in filing [3]. Market Sentiment - The upcoming Q4 earnings report is critical for determining the company's growth prospects and could potentially reignite investor interest [4]. - There are concerns regarding the company's past vehicle sales performance and speculation about the risk of being delisted from Nasdaq, which could impact investor confidence [3].

Faraday Future (NASDAQ:FFIE) stock has seemingly defied the odds and is yet again up by triple-digits, bringing its one-week return to over 4,000%. This comes despite the electric vehicle (EV) company not making any material announcements and receiving a Nasdaq delisting determination on April 24 due to its shares trading closing at 10 cents or less for 10 consecutive trading days. The company noted that it would appeal the determination by May 1, which will allow it to trade on the Nasdaq for 15 days after ...