Faraday Future Faces SEC Scrutiny, Stock Plummets, and Nasdaq Suspension

Faraday Future Intelligent Electric Inc. saw its shares fall in after-hours trading despite a push from Reddit users to boost the stock. The EV maker reported disappointing financial results, including a significant revenue shortfall and a narrowed but still substantial net loss. The company also faces a potential Nasdaq delisting due to a late SEC filing. Redditors are rallying to support the stock, reminiscent of previous meme stock surges, but the impact on the stock price remains uncertain.