The company says it is “optimistic” about its future and will provide updates about the new FX brand’s strategy at CES
If everything pans out, FX models could go into production next year and cost as little as $20,000
Faraday X plans to release two models, the FX 5 and FX 6, with affordable pricing
The carmaker has until the middle of the year to dramatically improve its share price
Faraday Future is also thought to be planning a reverse stock split to stay listed on the Nasdaq
Faraday Future continues to struggle as the second phase of FF 91 deliveries has been delayed due to an issue with a supplier
Dubbed the FF 91 2.0 Futurist Alliance, Faraday Future says it’ll only make 300 but we’re not sure it’ll sell half that many
The Faraday Future FF 91 pumps out 1,050 hp and should be able to travel 381 miles on a single charge
The Californian automaker plans to hold a launch event for the 1,050 hp electric model in April
Faraday billed the long overdue FF 91 as a ‘supercar robot that provides the third internet living space’ in a letter to suppliers
If everything goes according to plan, the first FF 91 deliveries could begin as early as April
Production of the FF 91 is contingent on obtaining $150+ million in funding
Faraday Future suffers another setback as the prototype appears to be a complete loss
Carsten Breitfeld is being replaced by Xuefeng Chen
FF Top Holding, its largest shareholder, sued the company earlier in September, seeking the removal of two board members
The company is blaming rumors that directors are conspiring to pursue an unnecessary bankruptcy
The FF 91 is years behind schedule, but its range is impressive
Faraday Future says it has $600 million in investments lined up if it meets certain production targets
