Faraday Future (FFIE) Stock Soars 80% Following Rivian-Volkswagen Deal

Group 1: Rivian and Volkswagen Partnership - Volkswagen will invest up to $5 billion into Rivian, starting with a $1 billion investment in exchange for a convertible promissory note [1] - The partnership has positively impacted the stock prices of other EV companies, including Faraday Future and Lucid [1] Group 2: Faraday Future Compliance Plan - Faraday Future plans to regain compliance with Nasdaq's $1 minimum bid price requirement through a reverse stock split proposal, with a ratio likely between 1-for-2 and 1-for-40 [2] - The company must maintain a stock price of $1 or higher for at least 10 consecutive business days to regain compliance [2] Group 3: Increase in Authorized Shares - Faraday Future proposes to increase its authorized shares from 463.31 million to 4.16 billion, representing an 800% increase [3] - This increase may signal potential dilution for existing shareholders as more shares will be outstanding [3]