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 ...

Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) Q3 2023 Earnings Conference Call November 13, 2023 7:30 PM ET Company Participants Jonathan Maroko - Interim CFO Matthias Aydt - Global CEO Conference Call Participants Michael Ward - The Benchmark Co. Stephen Gengaro - Stifel Laura Li - Deutsche Bank Operator Greetings, and welcome to the Faraday Future Intelligent Electric Third Quarter 2023 earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session w ...

Patents and Technology - FF has been granted approximately 660 patents globally as of November 7, 2023[250]. - FF's advanced Internet Artificial Intelligence (I.A.I.) technology supports high-performance computing and Level 3 autonomous driving readiness[249]. - FF's modular Variable Platform Architecture (VPA) facilitates entry into the last-mile delivery segment, expanding its total addressable market[252]. Vehicle Production and Delivery - FF plans to produce and deliver the FF 81, a premium mass-market electric vehicle, subject to future financing, to compete against Tesla Model S and BMW 5-series[252]. - The FF 71, a mass-market passenger vehicle, is expected to start production and deliveries after the FF 81, targeting competition with Tesla Model 3 and BMW 3-series[252]. - The first FF 91 2.0 Futurist Alliance was delivered in the first half of 2023, marking the start of production for this ultra-luxury electric vehicle[250]. - The company began production of the FF 91 Futurist in March 2023 and started deliveries in August 2023[266]. - FF's B2C passenger vehicle pipeline over the next five years includes the FF 91 series, FF 81 series, and FF 71 series[250]. - All FF vehicles are expected to be available for sale in the U.S. and China, with potential expansion to European markets[253]. Financial Performance - Automotive sales revenue was $0.6 million for the three months ended September 30, 2023, marking the start of vehicle deliveries[282]. - Automotive sales revenue was $0.6 million for the nine months ended September 30, 2023, with vehicle deliveries starting during this period[304]. - The Company reported a net loss of $347.9 million for the nine months ended September 30, 2023, compared to a net loss of $414.7 million in the same period of 2022[303]. - The Company recognized a loss on settlement of related party notes payable of $17.2 million during the nine months ended September 30, 2023, with no prior period loss reported[320]. - The Company reported a loss on settlement of notes payable of $204.9 million for the nine months ended September 30, 2023, compared to a loss of $30.5 million in the same period of 2022, representing a 573% increase[319]. Expenses and Cost Management - The company incurred significant operating costs, including R&D expenses, capital expenditures, and selling and distribution expenses, impacting future profitability[264]. - Research and development expenses decreased by 60% to $104.7 million for the nine months ended September 30, 2023, due to the completion of R&D activities related to the FF 91 Futurist vehicle[308]. - Sales and marketing expenses increased by 12% to $18.1 million for the nine months ended September 30, 2023, attributed to higher professional services and resource allocation[309]. - General and administrative expenses decreased by 24% to $67.6 million for the nine months ended September 30, 2023, due to cost-saving measures and reduced professional services expenses[310]. - The company expects R&D expenses to decrease in the near future as it has substantially completed R&D activities related to the FF 91[273]. Capital and Financing - The Company has secured commitments totaling $513.5 million in convertible note financing since August 14, 2022, with $300.2 million funded to date[329]. - FF is exploring various funding alternatives, including equipment leasing and equity offerings, to support ongoing operations and production ramp-up[336]. - The company has an accumulated deficit of $3.87 billion and a cash balance of $6.7 million as of September 30, 2023[326]. - The company had net cash provided by financing activities of $237.6 million for the nine months ended September 30, 2023, a significant increase from net cash used of $40.9 million in the same period of 2022[348]. - The company had operating and financing lease obligations of $37.0 million as of September 30, 2023, with approximately $7.2 million due within the next 12 months[341]. Stock and Shareholder Actions - The board approved a reverse stock split ratio of 1-for-80, reducing the number of authorized shares of Common Stock to 154,437,500[260]. - The Class A Common Stock began trading on a split-adjusted basis on August 28, 2023, under the symbol "FFIE" with a new CUSIP number[261]. - FF sold 837,500 shares of Class A Common Stock for $7.3 million under the Standby Equity Purchase Agreement during the three and nine months ended September 30, 2023[333]. - The Company plans to issue up to $300 million in Class A Common Stock and/or warrants under a Shelf Registration declared effective on June 28, 2023[334]. Cash Flow and Liquidity - The company reported net cash used in operating activities of $240.4 million for the nine months ended September 30, 2023, compared to $355.1 million for the same period in 2022, indicating a reduction of approximately 32.3%[344][346]. - The company experienced negative cash flows from operations primarily due to investments in research and development, with $87.5 million allocated to R&D expenses for the nine months ended September 30, 2023[345]. - As of September 30, 2023, the company had cash on hand totaling $6.7 million, which is intended for working capital and general corporate purposes[342]. Debt and Liabilities - As of September 30, 2023, the company had outstanding notes payable to related parties totaling $12.2 million, with $3.8 million due on demand and $5.1 million scheduled to become due in December 2023[340]. - The company was in default on the Secured SPA Notes as of September 30, 2023, but the holders subsequently waived the default[338]. - The company has been in breach of its debt agreement with Chongqing Leshi Small Loan Co., Ltd., with an outstanding principal balance of $4.5 million, resulting in an increased interest rate of 18% per annum[338]. - The company had $135.1 million in aggregate principal amount of notes payable to third parties as of September 30, 2023, with $4.8 million due on demand[340].

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Q2 2023 Results Conference Call August 21, 2023 7:30 PM ET Company Participants Jonathan Maroko - CFO XF Chen - Global CEO & Director Matthias Aydt - Global Senior Vice President of Product Execution Conference Call Participants Stephen Gengaro - Stifel Mike Ward - Benchmark Company Operator Greetings, and welcome to Faraday Future Intelligent Electric Inc. Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is bein ...

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 June 30, 2023 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 i ...

Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) Q1 2023 Earnings Conference Call May 11, 2023 9:30 AM ET Company Participants Charles Hsieh - Investor Relations XF Chen - Global Chief Executive Officer & Director Matthias Aydt - Global Senior Vice President, Product Execution Prashant Gulati - Head, Strategy Yun Han - Chief Accounting Officer and Interim Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel, Nicolaus & Company Edison Yu - Deutsche Bank Operator Greetings. Wel ...

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, 2023 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 Inc. Fiscal Fourth Quarter and Full Year 2022 Earnings Release Legal Disclaimers Forward Looking Statements This presentation includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Secur ...