Faraday Future slides to record low after business update [Seeking Alpha]
Faraday Future Intelligent Electric Inc. (FFIE)
Company Research
Source: Seeking Alpha
Faraday Future slides to record low after business updateAug. 30, 2022 12:51 PM ETFaraday Future Intelligent Electric Inc. (FFIE)By:Clark SchultzSA News Editor1 CommentNikada/E+ via Getty ImagesNASDAQ:The electric vehicle maker's current expectation is that it will launch theFF 91 in Q4, with testing, validation, and certification also completed during the quarter."We noted earlier some challenges with supply chain issues which affected our FF 91 timeline. We have announced the successful raising of $52 million in convertible note commitments and continue financing discussions with multiple parties, but delays in our anticipated timing to close these potential transactions have also impacted our launch timing," updated CEO Carsten BreitfeldFaraday Future (In aSEC filingShares of Faraday Future Intelligent Electric (21.07%traded as low as $1.07 earlier in the session.
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News
- Faraday Future Continues Progress in the Middle East Market with Establishment of a Middle East Sales EntityBusiness Wire
- Faraday Future Files Lawsuit Against Ding Lei and Affiliated Companies of Human Horizons for Infringement of Trade Secrets and Unfair CompetitionBusiness Wire
- Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024 [Yahoo! Finance]Yahoo! Finance
- Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024Business Wire
- Faraday Future Announces Reverse Stock Split and Authorized Share ReductionBusiness Wire
FFIE
Sec Filings
- 4/15/24 - Form 8-K
- 4/2/24 - Form NT
- 3/15/24 - Form 8-K
- FFIE's page on the SEC website