Faraday Future gets a $9 million government pandemic loan [The Verge]
Arcimoto, Inc. (FUV)
Last arcimoto, inc. earnings: 11/14 06:22 am
Check Earnings Report
US:NASDAQ Investor Relations:
arcimoto.com/investor
Company Research
Source: The Verge
Electric vehicle startup Faraday Future has obtained a $9,176,800 loan from the Small Business Association’s Paycheck Protection Program (PPP), which wasrecently launched to help small businesses keep people employedThe VergeThat’s close to the $10 million maximum allowed in the program, and the loan will be 100 percent forgiven as long as Faraday Future uses it for payroll, interest on mortgages, rent, or utilities, and doesn’t lay off any of the 400 or so employees who are still there for the next eight weeks (or rehires any who were recently let go). News of the loan was first reportedin ChinaThe PaperFaraday Future is not the only EV startup to have gotten one of the PPP loans, either. Struggling electric trucking startup Workhorse received a PPP loan of $1,411,000, according to a recent filing with the Securities and Exchange Commission (SEC). Arcimoto, which finally started production on its three-wheeled electric utility vehiclelate last yearThe $9 million (and change) comes at
Show less
Read more
Impact Snapshot
Event Time:
FUV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FUV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FUV alerts
High impacting Arcimoto, Inc. news events
Weekly update
A roundup of the hottest topics