Faraday Future (NASDAQ:FFIE) stock is plunging lower after the electric vehicle (EV) company proposed a reverse stock split of between 1-for-2 to 1-for-40 in order to regain compliance with Nasdaq’s minimum bid requirement. Faraday added that it would not pursue a reverse split if its shares could regain compliance naturally.“The final ratio will be determined by the Board after stockholder approval, with the option to abandon, delay or postpone the reverse stock split,” said Faraday.In order to regain comp ...

Faraday Future (NASDAQ:FFIE) stock is falling hard on Tuesday after the electric vehicle (EV) company announced plans to regain compliance with Nasdaq Exchange listing rules.The biggest blow to FFIE stock comes from the EV company’s plans for a reverse stock split. Faraday Future intends to enact a reverse stock split to boost the price of its shares above the $1 minimum bid price required to remain on the Nasdaq Exchange.Faraday Future hasn’t nailed down the exact details of the reverse stock split just ye ...

The Faraday Future (NASDAQ: FFIE) stock price has tumbled as I predicted last week. It plunged by over 17% on Monday’s regular session followed by a 20% plunge during the pre-market session. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Faraday Future reverse stock splitCopy link to sectionThe stock crash happened after the troubled Tesla rival announced a new plan to regain compliance with the Nasdaq. In it, the company will implement a 40:1 revers ...

In an extremely crowded and challenging electric vehicle market, investors need to be highly selective. Faraday Future Intelligent Electric (NASDAQ:FFIE), which is often shortened to Faraday Future, might seem like an intriguing EV startup. However, it’s much too risky to buy and hold Faraday Future stock in 2024.There are so many red flags associated with Faraday Future that it’s actually hard to know where to start. So, I’ll begin with a summary of Faraday Future’s less-than-encouraging financials, follow ...

You could almost feel retail investors celebrating in late May after shares of electric vehicle maker Faraday Future Intelligent Electric (NASDAQ:FFIE) surged from 4 cents to $1.80. The stock briefly became the most researched stock on InvestorPlace.com, and social media sites made it sound as if the only direction FFIE could go was up.Of course, this simplifies the situation. Calling Faraday Future an “EV maker” is relatively generous, considering the firm built roughly 15 vehicles last year and sold just ...

Industry Overview - The electric vehicle (EV) industry continues to depend on subsidies and tax incentives to boost adoption, as high battery costs keep EV prices above those of average gasoline-powered cars [1] - Recent data from the NY Fed indicates rising delinquencies across all debt types, with auto-loan delinquencies at 8% and credit card delinquency rates at a 13-year high [1] Employment and Economic Sentiment - A decline of 625,000 full-time jobs in May, along with downward revisions in job reports, suggests a contraction in the economy, raising concerns for EV stock investments [2] Lucid Group (LCID) - Lucid Group's entry-level luxury sedan, the Lucid Air, is priced at approximately $71,000, higher than competitors like the BMW i5 [3] - In Q1 2024, Lucid's EV deliveries increased by 40% year-over-year, totaling 1,967 cars, but the company reported a net loss of $680.8 million, an improvement from a $779.5 million loss in the previous year [3][4] - The company ended the quarter with $2.16 billion in cash reserves after a $1 billion financing round, but its total revenue of $172 million fell short of the projected $182 million [4] - Year-to-date, LCID stock has decreased by 36%, nearing its 52-week low of $2.29 [4] Mullen Automotive (MULN) - Mullen Automotive focuses on utility vehicles, offering products like the Mullen One delivery van with a range of 110 miles and the Mullen Campus priced at $24,000 [5] - The demand for EV utility vehicles is questioned due to lower ranges and a recent drop in diesel fuel prices, which has affected market prospects [5] - Mullen reported a net loss of $193.9 million in fiscal Q2 ending March 2024, with only 362 vehicles delivered worth $16.3 million, leading to a 78% decline in MULN stock year-to-date [6] Faraday Future Intelligent Electric (FFIE) - Faraday Future's FF 91, launched after five years of delays, is priced at $309,000, with a cheaper model at $249,000, positioning it in the supercar category [7] - The company reported revenue of $784,000 in Q4 2023, with a comprehensive loss of $429.38 million, leading to a 99% drop in FFIE shares over the past year [7][8] - Despite reducing operating losses from $437.1 million in Q4 2022 to $286 million in Q4 2023, the company's financial viability remains uncertain, with $530.5 million in assets against $302.3 million in liabilities [8]

Faraday Future Intelligent Electric (NASDAQ:FFIE) may have dodged a bullet. The electric vehicle maker has been under the gun of seeing its shares delisted from the Nasdaq exchange. First, Faraday Future stock faced delisting because it failed to file its annual report in a timely manner and its stock was trading under $1 per share for 30 consecutive days. Then it was notified because FFIE stock had traded under 10 cents per share for 10 straight days it faced delisting, too.The EV maker got lucky because t ...

Premium electric vehicle (EV) manufacturer Faraday Future (NASDAQ:FFIE) — which sells electric-powered SUVs at prices rivaling homes in certain under-the-radar markets — saw its shares dip despite recent positive news. Faraday will start resuming deliveries after a four-month hiatus. However, the end result only articulates the severe challenges ahead for FFIE stock.According to industry publication EV, Faraday announced at the start of the business week that it will “deliver the first second-generation FF ...

After a volatile month with some major swings, Faraday Future Intelligent Electric (NASDAQ:FFIE) finally has a positive catalyst on the horizon. The electric vehicle (EV) producer has announced that it will restart deliveries on June 12 after pausing them four months ago.More specifically, the company plans on delivering the first edition of its second-generation FF 91 to a retail investor, according to EV. FFIE stock is rising today on the news after weeks of coming down from the short squeeze momentum sha ...

Although struggling against severe financial challenges, Faraday Future (NASDAQ:FFIE) saw its shares jump 12% earlier on Friday. Upper management discussed strategic initiatives for the enterprise in a YouTube video. Still, FFIE stock appears to be a market gamble appropriate only for dedicated speculators.Faraday Future CEO YT Jia announced on the popular video-sharing platform that the company restarted deliveries of its electric vehicles (EVs). Notably, Jia disclosed the first delivery of an FF 91 — a fo ...