FFIE Stock Alert: Faraday Future Plans Second Reverse Stock Split in 5 Months

The electric vehicle (EV) industry has struggled amid a tough consumer economy, offering no reprieve for Faraday Future Intelligent Electric (NASDAQ:FFIE) and FFIE stock. Most recently, Faraday announced a reverse stock split — its second reverse split in only five months. While management has also revealed a “master plan” to revitalize the company, Faraday is suffering from some severe credibility challenges.On Sunday evening, Faraday announced its intention to implement a reverse stock split at a 1-for-3 ...