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Stock impact report

Faraday Future stock falls over 15% despite production update [Seeking Alpha]

Faraday Future Intelligent Electric Inc. (FFIE) 
Company Research Source: Seeking Alpha
Faraday Future stock falls over 15% despite production updateMar. 23, 2023 2:53 PM ETFaraday Future Intelligent Electric Inc. (FFIE)By:Kevin P. CurranSA News Editor1 CommentNikada/E+ via Getty ImagesFaraday Future Intelligent Electric (NASDAQ:The company announced a countdown on Thursday to itsstart of production for the FF 91 Futurist on March 29. According to a press release, the model expects to compete with Ferrari, Maybach, Rolls Royce, and Bentley in the future.â??We have made great strides in recent months getting to this SOP milestone, with thanks to our dedicated team, supportive investors and suppliers,â? CEO Xuefeng Chen said on Thursday. â??Iâ??m excited to finally see the culmination of many years of hard work, all focused on our one goal, bringing the Ultimate Intelligent TechLuxury FF 91 Futurist to market.â?However, the company has also released a number of SEC filings in the lead-up to its mid-April annual meeting. This includes amendments to certain securities purc Show less Read more
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