Faraday Future: An SEC Subpoena, No Revenue, And Almost No Cash Left

17 Jun 2022 | Abstracted from Seeking Alpha

"The company provided reservation figures of around 14,000 and initial financial guidance for revenue of at least $504 million in fiscal 2022...Actual reservations are 97% smaller at 401. The larger figure included free to make indications of interest whilst actual reservations required a $5,000 refundable fee.

"The competition is going to heat up and Faraday faces a difficult battle of gaining market share..."

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