Faraday Future’s Fate Uncertain as Partner Hits Financial Woes

Faraday faces a future of uncertainty as financial prospects hit a downfall. With the rocky money turmoil they don’t know what they will do to recover but they are quick on their feet to try to make the best of all bad situation no matter what it may mean for the future of the company.

Key Takeaways:

  • Recent financial woes at Chinese financial partner LeEco have cast new doubts on the EV maker’s prospects.
  • The would-be EV maker has already ditched plans for a plant in California, where it’s based, and has scaled back plans for its stalled assembly plant in Nevada.
  • In January, it revealed the FF91 electric crossover at the CES technology show. The company said its goal was to put the fantastically fast EV on the road by 2018.

“But it’s looking more as if our first ride in the FF91 just might have been our last.”