Streetbeat News

FFIE

Faraday Future Intelligent Electric Inc.

https://www.ff.com

Industry

Auto - Manufacturers

Faraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was incorporated in 2014 and is headquartered in Gardena, California.

Open

1.33

Mkt cap

57M

Volume

5.3M

High

1.36

P/E Ratio

N/A

52-wk high

156.00

Low

1.24

Div yield

N/A

52-wk low

1.24

Palantir Technologies has acquired an 8.7% stake in Faraday Future by converting receivables into equity. Faraday Future's stock rose 5.2% but is down nearly 90% year-to-date. The EV maker is struggling financially, with minimal revenue and significant losses.

Portfolio Pulse from Anan Ashraf

October 10, 2024 | 10:50 am

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares rose by 11.5% after the company received a 10% stake in Grow Fandor, previously held by its founder YT Jia. This move indicates potential collaborations between the two companies.

Portfolio Pulse from Dylan Berman

October 09, 2024 | 5:41 pm

Faraday Future Intelligent Electric shares rose after the company acquired a 10% stake in Grow Fandor from its founder.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:27 pm

Faraday Future (FFIE) has received a 10% stake in Grow Fandor from its founder YT Jia. Jia transferred nearly 60% of his personal shares, equating to 10% of Grow Fandor's total shares, to Faraday Future as a gift.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:50 am

Faraday Future executives, including CEO Matthias Aydt and Founder YT Jia, have purchased over 10,000 shares of the company's Class A common stock, totaling approximately $36,000.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:02 am

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) partners with the US-Canada Hanlin Cup Golf Classic to enhance its brand influence. The event, starting on September 30, aims to connect entrepreneurs, investors, and celebrities, promoting Faraday Future's brand in North America.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:52 am

Faraday Future has appointed Koti Meka as the new CFO, effective September 23, 2024, succeeding Jonathan Maroko. The company also launched a dual-brand strategy with the introduction of Faraday X, focusing on innovative AIEV products.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:48 am

Faraday Future has delivered an FF 91 2.0 Futurist Alliance vehicle to Born Leaders Entertainment at the Warwick Club in Hollywood on September 20.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 6:47 am

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

Faraday Future has launched a new brand, Faraday X (FX), aiming to produce affordable Artificial Intelligence Electric Vehicles (AIEVs) priced between $20,000 and $50,000. The company plans to start production by the end of 2025, contingent on securing funding, and has strategic agreements with four Chinese OEMs. Faraday Future aims to become a leader in the AIEV market by offering innovative, high-performance vehicles at competitive prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 7:05 am

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