Faraday Future Stock Soars with 26% Surge
Faraday Future's stock surged by nearly 26% after shareholders ratified measures to keep the company listed on the Nasdaq and seek funding. The luxury electric vehicle (EV) maker received approval for a reverse share split, allowing its stock to remain on the exchange, and shareholders also green-lighted a potential stock issue. While the company recently unveiled its first FF 91 2.0 Futurist Alliance model, it still faces the challenge of proving its viability in a niche market that requires substantial capital.