Faraday Future (NASDAQ:FFIE) stock continues to slide today despite the promising news that shareholders have approved Faraday’s proposed stock split, which will allow FFIE to remain listed on the Nasdaq.On Wednesday, July 31, Matthia Aydt, the Chief Executive of Faraday Future, released a video confirming the results of the recent shareholder meeting, which includes the proposed stock split and several other proposals. From the video’s transcript:“Today I want to share with you the results of our annual me ...

Faraday Future Intelligent Electric (NASDAQ:FFIE) finally has some good news to report. It hasn’t been an easy month for the electric vehicle (EV) producer, who has been trending downward for weeks. The company hasn’t seen any real growth since the Roaring Kitty rally of May 2024, which has long since fizzled out, leaving most meme stocks where they started. But FFIE stock is up today on news that Faraday has managed to regain compliance with the Nasdaq. For the time being, at least, the automaker can check ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ 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 ...

Faraday Future Intelligent Electric (NASDAQ:FFIE) stock once had promise. Now it’s a penny stock. Founded 10 years ago in Los Angeles, in 2015 it promised to invest $1 billion in a new factory to take on Tesla (NASDAQ:TSLA) and other industry pioneers. It promised a new type of battery and showed off a concept race car with a carbon fiber shell.Had Faraday followed through on its promises, FFIE stock could have been a good investment. It didn’t. Founder Jia Yueting was no Elon Musk. It was saved in 2018 by ...

While there are plenty of electric vehicle stocks to choose from, it’s hard to understand why anybody would consider Faraday Future Intelligent Electric (NASDAQ:FFIE) given Faraday Future stock trades around 50 cents and it’s late filing its Q1 2024 10-Q. If I’ve written about the Los Angeles-based company, it was several years ago. Clearly, I needn’t have paid attention to this struggling EV company, despite recently jumping 100% on hopes that it would get a lifeline like Rivian (NASDAQ:RIVN) did with Volk ...

In order to introduce a successful product to market, there must first be demand for it. That’s the main challenge facing premium electric-vehicle manufacturer Faraday Future (NASDAQ:FFIE). Amid a crowded field that’s becoming even more saturated, credit must be given where it’s due: the company is going the ultimate contrarian route, raising prices when it should be lowering them. Still, contrarianism alone may not save Faraday Future stock.I’m not going to leave you in suspense. Without a fundamental chan ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that it has commenced an investigation of Faraday Future Intelligent Electric, Inc. (NYSE: FFIE) concerning possible breaches of fiduciary duty. If you have been a shareholder of FFIE since at least December, 2023, and currently hold shares, you can obtain additional information here: https://zlk.com/compensation2/faraday-future-intelligent-electric-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. either via email at jlevi@lev ...

Group 1 - Faraday Future Intelligent Electric (FFIE) shares surged by as much as 50% before closing up 30.9% due to increased investor optimism regarding the company's turnaround plan [1] - Rivian's recent partnership with Volkswagen, which includes a joint venture for electronic architecture, suggests a willingness among large automakers to collaborate with smaller companies, although no similar deal exists for Faraday [2] - Faraday's plan to regain Nasdaq compliance includes a potential 40-for-1 reverse stock split and the authorization of more shares, which may lead to further market dilution [2] Group 2 - Faraday reported only $800,000 in revenue for 2023 and had approximately $5 million in cash as of May 23, 2024, with a cash burn of $278 million in 2023, indicating a precarious financial situation [3] - The company is perceived to be in survival mode, with speculation that a large automaker might seek to acquire its technology, although this is considered doubtful [3]

Shares of Faraday Future (NASDAQ:FFIE) stock are in the spotlight after the struggling EV company hosted Master Investment Group (MIG) CEO Sheikh Abdullah Al Qassimi at its headquarters in Los Angeles for a strategic meeting. MIG operates as an investment firm in the United Arab Emirates (UAE).Faraday Fuure founder YT Jia, CEO Matthias Aydt and other Faraday team members attended the meeting. Afterwards, the company described the meeting as a “pivotal moment.”“It was a pleasure to engage in a strategic meet ...

It doesn't seem Faraday Future Intelligent Electric (NASDAQ:FFIE) has long for this world. Faraday Future stock is down to 35 cents, revenue remains negligible and losses extend for as far as the eye can see. Yet the luxury electric vehicle maker may have plans in store to become something other than an auto manufacturer. This may be its Plan B to continue operating if (or when) Plan A finally collapses. But it is still not something investors should jump into. A Plan to Survive the EV Market Faraday Future ...