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

1.79

Mkt cap

59M

Volume

1.1M

High

1.80

P/E Ratio

N/A

52-wk high

156.00

Low

1.71

Div yield

N/A

52-wk low

1.52

Faraday Future (NYSE:FFIE) has seen a significant decrease in its short interest, falling 75.88% since its last report. The company now has 30 million shares sold short, representing 6.82% of its float. This decline in short interest suggests a shift in market sentiment towards a more bullish outlook.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 5:15 pm

The EV sector saw significant developments this week, including Tesla's shareholder meeting, Fisker's recall, Workhorse's reverse stock split, and Faraday Future's new deliveries. Tesla's reapproval of Elon Musk's compensation plan and optimistic future projections were key highlights. Fisker faced challenges with a major recall, while Workhorse announced a reverse stock split and strategic collaborations. Faraday Future resumed deliveries and hinted at an affordable EV. Ford eased dealer investment norms due to slow EV adoption. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.83% for the week.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:53 pm

Faraday Future Intelligence Electric shares are experiencing a decline due to ongoing volatility after a recent surge in retail investor interest.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:06 pm

The article discusses key events in the electric vehicle (EV) sector for the week ending June 7. Tesla is pushing for shareholder approval of Elon Musk's 2018 pay package, Rivian launched revamped R1 vehicles, Nikola received shareholder approval for a reverse stock split, and Fisker defaulted on a loan payment. Ford's CEO emphasized the importance of affordable EVs, and the KraneShares Electric Vehicles and Future Mobility Index ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

June 08, 2024 | 1:36 pm

GameStop shares fell over 22% after releasing worse-than-expected Q1 results and filing to sell up to 75 million shares. The company reported net sales of $881.8 million, missing the consensus estimate of $995.3 million, and a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share. Other stocks moving significantly include Trinity Place Holdings, Leafly Holdings, Venus Concept, Asensus Surgical, Faraday Future, Geron Corporation, and more.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 5:07 pm

Faraday Future Intelligent Electric shares are trading higher, likely due to the announcement of FF 91 production and testing, as well as increased retail investor interest.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:02 pm

Faraday Future Intelligent Electric shares are trading higher, likely due to the announcement of FF 91 production and testing, as well as increased retail investor interest.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:01 pm

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher after the company announced the second phase of FF 91 deliveries, starting with a delivery to a retail investor. The company's chief product officer, YT Jia, highlighted three goals: securing strategic investment, increasing production capacity, and implementing a U.S.-China Bridge strategy. The stock's movement is also influenced by retail investor interest and excitement around 'meme stocks'.

Portfolio Pulse from Erica Kollmann

June 07, 2024 | 2:47 pm

Braze, Inc. (NASDAQ:BRZE) shares surged 14.3% in pre-market trading after reporting better-than-expected first-quarter earnings. Other notable pre-market movers include Venus Concept Inc. (NASDAQ:VERO), Versus Systems Inc. (NASDAQ:VS), GameStop Corp. (NYSE:GME), and Geron Corporation (NASDAQ:GERN). On the losing side, Biomea Fusion, Inc. (NASDAQ:BMEA) shares plummeted 59.2% after an FDA clinical hold notice.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 9:17 am

Faraday Future Intelligent Electric (FFIE) has completed the production and testing of its 12th FF 91 2.0 vehicle, which is set to be delivered to its first retail investor user. The company's CPO shared this update on X, along with two special videos introducing the new car to the user.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:50 pm

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