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#4456608 - 07/11/17 07:34 PM EV startup Faraday Future has failed
L_Sludger Offline


Registered: 10/04/09
Posts: 3947
Loc: Ohio
http://www.nbcnews.com/business/autos/el...sheds-4-n781896

Quote:
Financially struggling battery-electric automaker Faraday Future will cancel plans to build a $1 billion assembly complex in the Nevada desert near Las Vegas, raising further questions about the start-up’s long-term future — and costing about 4,500 planned U.S. jobs.


So much for that.
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#4456616 - 07/11/17 07:38 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Mr Nice Offline


Registered: 09/12/04
Posts: 21196
Loc: Orlando, FL
Very sketchy business plan.

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#4456642 - 07/11/17 07:53 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
daves87rs Offline


Registered: 02/23/09
Posts: 16964
Loc: Michigan
Already heard they are toast by the end of the summer....
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#4456851 - 07/12/17 12:49 AM Re: EV startup Faraday Future has failed [Re: L_Sludger]
oil_film_movies Offline


Registered: 06/13/16
Posts: 2566
Loc: MN
"But state officials took shots at Faraday after learning of the production delay last November. “This is a Ponzi scheme,” Nevada State Treasurer Dan Schwartz told Reuters. “You have a new company that has never built a car, building a new plant in the middle of the desert, financed by a mysterious Chinese billionaire. At some point, as with Bernie Madoff, the game ends.”"

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#4457054 - 07/12/17 09:18 AM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Virtus_Probi Offline


Registered: 06/25/15
Posts: 3970
Loc: New England
Faraday, gone tomorrow...

Has there been a Maxwell electric vehicle/company yet? High time if not...
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#4457246 - 07/12/17 12:59 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Hootbro Offline


Registered: 08/25/03
Posts: 2414
Loc: DELAWARE
That company was all hype from the get go. Their launch and investor parties were fraught with technical delays in showing a working prototype beyond a CGI video. Everybody and their dog knew they were selling nothing but pipe dreams while a few were just riding the seed money they had been given just partying and blowing it on more smoke and mirror events.

Ponzi scheme is right.
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#4457373 - 07/12/17 03:16 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
4WD Offline


Registered: 09/21/10
Posts: 6378
Loc: Texas
The Edison Edsel will be next

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#4458253 - 07/13/17 01:08 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Vikas Offline


Registered: 07/22/05
Posts: 11251
Loc: NorthEast
Lucid Air can't be that behind

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