Stick a Fork in It! Faraday Future Stock Is Done.

Financial Performance - Faraday Future had zero revenue in 2022 and generated $800,000 in revenue in 2023, indicating minimal progress [2] - The company reported a cost of goods sold of $43 million and a net earnings loss of $432 million in 2023, highlighting significant financial losses [2] - There is no production-target guidance provided for 2024, raising concerns about future operations [2] Regulatory Issues - Faraday Future is late in filing its required Form 10-Q for the first quarter of 2024, which is a significant compliance issue [3] - The Nasdaq exchange has warned Faraday Future about its late filings and the potential for delisting due to low share prices [4] - The company has violated Nasdaq rules by trading below $1 for 30 consecutive trading days and at 10 cents or less for 10 consecutive trading days [4][5] Stock Performance - As of the latest update, Faraday Future's share price is around 51 cents, which is above the 10-cent threshold but still below the $1 requirement [5] - The company is considered a high-risk investment with many operational and financial challenges, leading to doubts about its future viability [6]