
Faraday Future Faces Financial Struggles Amid Low Sales and Stock Plunge
Faraday Future reported selling four and leasing six FF91 EV models in 2023, generating $0.784 million in revenue. The company significantly reduced its R&D expenses from $299.989 million in 2022 to $132.021 million in 2023, attributing the decrease to the completion of key engineering and design activities. Faraday Future is also facing potential delisting from Nasdaq due to non-compliance with listing requirements but has been granted an extended stay pending a hearing.