Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being.The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right to trigger a 48-hour demand for payment and can boot Faraday Future if it doesn’t pay up. If Faraday Future makes its payments, it can stay in the building until September 2025 when the lease expire ...

Faraday Future (NASDAQ: FFIE), Canoo (GOEV), and Nikola (NKLA) stock prices continued their short-squeeze this week even as concerns about the EV industry intensified. Nikola jumped to $0.6574, 11% above its lowest level this month.Faraday Future share price surged by more than 48% on Thursday and continued its uptrend in the extended hours. It soared by over 5% in the post-market session and soared to its highest point since March 8th of this year. Canoo, on the other hand, soared to $4.8, its highest leve ...

I often note that the ongoing downturn in the EV market could present a strong buying opportunity for aggressive investors. However, that sentiment doesn’t apply to all EV stocks. Not all EV companies are created equal, and some huge discrepancies make certain EV stocks worth steering clear of. The only position you’d want in these stocks is a short position, and even that might be risky, given the immense volatility of this space. You’ll almost always lose money investing in these stocks because these busi ...

The electric vehicle (EV) industry has struggled amid a tough consumer economy, offering no reprieve for Faraday Future Intelligent Electric (NASDAQ:FFIE) and FFIE stock. Most recently, Faraday announced a reverse stock split — its second reverse split in only five months. While management has also revealed a “master plan” to revitalize the company, Faraday is suffering from some severe credibility challenges.On Sunday evening, Faraday announced its intention to implement a reverse stock split at a 1-for-3 ...

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today released an open letter from Matthias Aydt, Global CEO of FF, to share an updated master plan 1.1 for the growth of Faraday Future in 2024. Opportunities and Accomplishments I’m issuing this letter to align expectations as to where FF stands today and where we hope to lead FF in 2024. FF has made ...

The electric vehicle (EV) startup space is fraught with risk and uncertainty. The vast majority of U.S. EV startups are burning through cash at an alarming rate while struggling to deliver vehicles to market. Going up against established automakers with decades of manufacturing expertise and vast financial resources is a monumental challenge. However, a few EV startups stand out from the pack and are positioned to thrive in the coming years.As we head into the summer months, it’s time to take a hard look at ...

Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent, TechCrunch has learned.The landlord, Rexford Industrial, filed a previously unreported lawsuit against Faraday Future this week in Los Angeles Superior Court that accuses the startup of missing its January and February lease payments, as well as associated maintenance fees and taxes. Rexford claims the startup owes it $917,887.26 as a result and is seeking to take ...

FF recently delivered an FF 91 2.0 Futurist Alliance to Motev, a leader in sustainable luxury transportation services that operates a fleet of luxury vehicles in Southern California. Pictured here are Robert Gaskill, CEO, Motev LLC (L), Tiffany Hinton, Chief Operations Officer, Motev LLC (C), Matthias Aydt, Global CEO of Faraday Future (R). (Photo: Business Wire)FF recently delivered an FF 91 2.0 Futurist Alliance to Motev, a leader in sustainable luxury transportation services that operates a fleet of luxu ...

Faraday Future Completes Nearly 1,600 OTA Upgrades and Product Enhancements on its FF 91 2.0, Including Many New Features Based on User R&D Co-Creation Feedback. (Photo: Business Wire)Faraday Future Completes Nearly 1,600 OTA Upgrades and Product Enhancements on its FF 91 2.0, Including Many New Features Based on User R&D Co-Creation Feedback. (Photo: Business Wire)LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based ...

Faraday Future Intelligent Electric Inc. Third Quarter 2023 Earnings Release November 13, 2023 ...