EV startup Faraday Future has failed

[L_Sludger]

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.

 

[Mr Nice]

Very sketchy business plan.

 

[daves87rs]

Already heard they are toast by the end of the summer....

 

[oil_film_movies]

"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.”"

 

[Virtus_Probi]

Faraday, gone tomorrow...

Has there been a Maxwell electric vehicle/company yet? High time if not...

 

[Hootbro]

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.

 

[4WD]

The Edison Edsel will be next

 

[Vikas]

Lucid Air can't be that behind