Tuesday, July 26, 2022

Faraday Future Running Short Of Cash, Pushes Back FF91 Launch

Los Angeles-based electric car developer Faraday Future says that it is delaying the launch of its first vehicle, the FF91, and is warning that it is running short on cash, even as the company navigates its new status as a public company. According to the company, it has delayed its deliveries to the third or fourth quarter of the year--and needs $325M in order to continue funding its operations until the end of the year.