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

1.32

Mkt cap

106M

Volume

4.1M

High

1.45

P/E Ratio

0.00

52-wk high

156.00

Low

1.28

Div yield

N/A

52-wk low

0.99

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

Faraday Future is set to deliver its FF 91 2.0 Futurist Alliance vehicle to Born Leaders Entertainment, marking a strategic move into music and celebrity marketing. This partnership could lead to promotional opportunities and endorsements, enhancing Faraday Future's B2B business.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:09 am

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm

Faraday Future has announced a proposed settlement of stockholder derivative actions. This legal development could impact investor sentiment and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:18 pm

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares surged after securing $30 million in financing from investors across the Middle East, U.S., and Asia. The funding includes convertible notes and warrants, with conversion and exercise prices set at $5.24 and $6.29 per share, respectively. The company is now compliant with Nasdaq listing criteria and plans a launch event on Sept. 19 to present its new strategies.

Portfolio Pulse from Erica Kollmann

September 06, 2024 | 1:09 pm

On September 6th, BloomZ announced a business alliance with CrossVision, Faraday Future secured $30 million in financing, and UiPath reported strong Q2 results and expanded its stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:27 pm

Faraday Future Intelligent Electric shares rose after securing $30 million in financing from investors in the Middle East, the U.S., and Asia.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:36 am

Argan, Inc. (NYSE:AGX) shares surged 18.4% in pre-market trading after reporting better-than-expected Q2 earnings and sales. Other notable pre-market movers include Broadcom Inc. (NASDAQ:AVGO), which fell 9.4% despite strong Q3 results, and Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), which gained 175.8%.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 9:41 am

Faraday Future has secured $30 million in financing from investors in the Middle East, U.S., and Asia, marking a significant step in its international expansion.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:57 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.