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Wouldn’t be a surprise to see this at 10.00 soon! Enough said
this is like doing the Limbo.....how low can you go
FFIE............................................https://stockcharts.com/h-sc/ui?s=FFIE&p=W&b=5&g=0&id=p86431144783
In due time
DUMPING all our shares now as “we” take this back below $4 today
You would anticipate large institutional buying now at these levels, news on future orders will send this to 30+ pps
Relentless DUMPING here.
Bidding $4.99
The bleeding continues. Distrust of management. A real failure for shareholders. 1:80 RS? Who does that? A failing company that's who. This will go down below $3 soon. JMHO
It’s true I don’t worry one bit
Mr Peker is on board
In parts I’d also
IMPLOSION! Hard to believe that shareholders voted for 1:80 RS.
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) ("Faraday Future", “FF” or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it completed all the necessary processes prior to delivering the Ultimate AI TechLuxury FF 91 Futurist Alliance to its spire user.
Since the Company announced the start of the phase-2 Co-Creation delivery, the relevant processes and steps that are needed before a vehicle delivery have now been completed. Besides the previously announced MCO (Manufacture Certificate of Origin) readiness, sales agreement, and final invoice, the Company also has completed the final vehicle inspection at FF ieFactory California, and PDI (Pre-Delivery Inspection) process prior to the delivery ceremony.
The readiness of all the processes and steps opens the gates for the Company to complete additional Co-Creation deliveries to more spire users in the following weeks. The Company intends to hold additional customized delivery ceremonies for the first batch of car buyers. FF will showcase these key moments as video stories in its delivery campaign over the coming days prior to the broadcast at 6:00PM PST on August 15th of the First FF 91 Futurist Alliance delivery ceremony and the first Developer Co-Creation festival kick-off.
A series of activities held by the Company during Monterey Car Week in mid-August will also be part of the Developer Co-Creation Festival. FF will attend the “FuelRun” event on August 16th and 17th and “Motorlux” on August 16th. The Company will invite Developer Co-Creators, including the first users of the Phase-2 Co-Creation delivery, and Developer Co-Creation candidates to attend the Developer Co-Creation signing ceremony on August 17th.
Users can preorder an FF 91 vehicle via the FF Intelligent App or through our website (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App: https://www.ff.com/us/mobile-app/.
What is the “interest make whole” adjustment about in today’s 8-K re: $16.5M loan?
Lev Peker Appointed to Faraday Future’s Board of Directors
August 04 2023 - 04:53PM
Business Wire
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF,” “Faraday Future,” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that the Board of Directors of the Company (the "Board”) unanimously appointed Lev Peker as a member of the Board and as a member and the Chair of the Audit Committee of the Board.
Mr. Peker is an automotive and retail experienced C-Suite executive who has served in the CEO role, as well as on the board of directors at various public and private organizations. He has a results-driven mindset and a strong track record of performance in turnaround and high-paced organizations. Mr. Peker is currently the CEO of PartsiD, a leading digital commerce platform for the automotive aftermarket. Prior to that, Mr. Peker was the CEO of CarLotz, a nationwide used car consignment retailer (which recently merged with Shift Technologies). Prior to that role, Mr. Peker was the CEO of CarParts.com from 2019-2022, where he oversaw a more than doubling of annual revenue, a nearly fourfold improvement in EBITDA and an increase in market capitalization of over 500%. He also led the organization through a turnaround and strategic repositioning, while creating a 3-year plan to increase operational efficiency, maximize inventory, and improve the customer experience. Mr. Peker has also held various executive roles at Adorama, Sears Holdings Corporation and US Auto Parts in his career. Mr. Peker is a Certified Public Accountant (CPA), has an MBA from The Anderson School of Management at UCLA and a BS in Accounting from USC’s Marshall School of Business.
On July 31, 2023, Adam He provided a letter of resignation as interim Board Chairman, member of the Board and member of the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee, and Selection Committee, effective immediately. The Company thanks Mr. He for his valuable service as a member of the Board.
“We are honored to have an automotive and retail industry veteran like Mr. Peker join our team during this exciting and pivotal period of the Company,” said Xuefeng (“XF”) Chen, Global Chief Executive Officer of FF. “Mr. Peker will provide valuable experience and leadership along with the rest of the Board that will help guide us as we begin the deliveries of the FF 91 2.0 Futurist Alliance to our first group of users.”
The Company recently announced the official launch of the second phase of its co-creation delivery and expects to deliver the FF 91 2.0 Futurist Alliance to the first users at a delivery ceremony later this month. This marks a significant milestone for the Company as FF initiates the second phase of its three-phase delivery plan.
Users can preorder an FF 91 vehicle via the FF Intelligent App or through our website (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App: http://appdownload.ff.com
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem.
FOLLOW FARADAY FUTURE:
https://www.ff.com/
https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture
https://ih.advfn.com/stock-market/NASDAQ/faraday-future-intellige-FFIE/stock-news/91740714/lev-peker-appointed-to-faraday-future-s-board-of
FFIE, will do huge R/S: Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that its Board of Directors (the “Board”) has approved a proposal, to be submitted to stockholders for approval at a special meeting of stockholders, to authorize the Board to effect a reverse stock split of the Company’s common stock ( “Common Stock”). The reverse stock split proposal includes a proposed range between 1-for-2 and 1-for-90 shares of outstanding Common Stock. The final ratio will be determined by the Board after stockholder approval.
$FFIE - 👆Up 5% Pre-Market/ Current Price $0.31
Announces the Launch of the Phase-2 Developer Co-Creation Delivery and Will Initiate the Delivery Process in the 2nd Week of Aug
This Marks the Company's Entry of its Brand-New Development Phase
$FFIE - 👆Up 9.5% Pre-Market/ Current Price $0.28
Faraday Future FF 91 Model Might Advance the Second Phase of Delivery
Thanks for that update. Now we're cooking with gas. $FFIE$
that report just came out this am......solid news
RIGHT!! Thank you for posting!
https://ih.advfn.com/stock-market/NASDAQ/faraday-future-intellige-FFIE/stock-news/91592399/form-8-k-current-report
Hello and thank you for joining me today for a Faraday Future investor update. I’m Matthias Aydt, and I’m the Global SVP of Product Execution. Before we begin, please note that during this event, we will be making forward-looking statements based on current expectations and assumptions, which are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. These statements reflect our views only as of today, should not be relied upon as representative of views as of any subsequent date, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. For further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the Securities and Exchange Comission. During today’s Investor Update, we will discuss the following topics:
First, our FF 91 2.0 Futurist Alliance deliveries.
Second, our global CEO, Xuefeng Chen, or as we call him XF, will discuss recent business and operations.
And last, an introduction and welcome from Jonathan Maroko, our newly appointed interim CFO.
Let’s begin with an update on our FF ieFactory in Hanford, California. We continue to enhance our manufacturing capabilities. The facility is equipped for the production of the FF 91 2.0 Futurist Alliance.
I have to give a big thanks to FF’s supplier networks who have helped the Company make considerable progress and accomplish numerous key operational and strategic objectives in recent months. On April 14, 2023, the Company’s first production FF 91 2.0 Futurist Alliance rolled off the line at our FF ieFactory California.
Our teams have been working diligently to ensure the highest quality standards are met at every step of the manufacturing process. Please check our latest manufacturing video which will provide additional insight on our manufacturing operations.
<The following video plays>
https://icnk.io/u/uvN7hBUDMqBx/ (2 mins)
Since our inception, FF has been strongly supported by these global suppliers, as we continue to work to deliver the FF 91 2.0 Futurist Alliance We announced last month the successful completion of the Company’s first FF Developer Co-creation Mission event, which took place at Willow Springs International Raceway on Tuesday June 6th.
We also announced that the FF 91 2.0 Futurist Alliance set a remarkable new record in its class at Willow Springs Raceway, achieving the fastest lap time of 1 minute and 35 seconds among ultimate luxury production EVs weighing over 6,000 pounds, with no additional special track-specific modifications for this specific test. Truly an epic performance accomplishment for our car and engineering teams!
At our most recent Launch event, we officially unveiled the next-gen AI-powered technology architecture --“FF aiHyper 6x4 Architecture 2.0”, in which 6x4 refers to the vertical integration and horizontal penetration of FF’s six technology platforms and four technology systems.
Additionally, FF announced the launch of FF’s Generative AI Product Stack, which has been integrated in the FF 91 2.0. FF is one of the first automotive manufacturers to integrate and demonstrate generative AI capabilities in a vehicle. Through this Generative AI Product Stack, the Company has integrated its foundational AI capabilities with advanced models such as ChatGPT, GPT-4, and others from companies such as OpenAI and Microsoft.
Since the unveiling of the FF 91 in 2017, we have continuously carried out iterative upgrades in the field of I.A.I to ensure that the relevant features and configurations maintain a market-leading position. The FF 91 2.0 Futurist Alliance is essentially an entirely new vehicle from I.A.I perspective from the vehicle we produced six years ago ..
We believe “All-AI, All-Hyper, All-Ability, and Co-Creation” will emerge as major transformation trends in the Intelligent Ultimate AI TechLuxury mobility industry, this fully reflects the genes of our Company, I.A.I is an important driving force for supporting this.
I want to reiterate our third quarter August phase 2 delivery target is on track. The team continues to gain confidence to solving any outstanding challenges related to reaching this milestone and expect to deliver the FF 91 2.0 Futurist Alliance next month in the quarter.
Now I’d like to invite XF to provide additional insight on FF’s business and operations.
<Video plays> All Ability All-in-One video
[Xuefeng Chen speaks.]
Thank you Matthias and thank you all for joining us today. As part of ongoing efforts to align our interests with shareholders and stakeholders we wanted to provide this update.
First and foremost, I want to express my pride in the remarkable achievements that FF has accomplished thus far in the development and certification of the FF 91 2.0 Futurist Alliance. It is important to recognize that when pioneering a groundbreaking product like the FF 91 2.0 Futurist Alliance, challenges and changes are very normal while conducting the strict testing which is imperative to the development of product like the FF 91 2.0 Futurist Alliance. Continuous testing constitutes an integral aspect of the product development process, and it is not uncommon to encounter issues that necessitate the utmost attention and resolution to meet exacting high internal quality standards.
Our team is actively working to solve any remaining issues utilizing rapid manufacturing methodologies which allows us to fabricate physical samples facilitating assessments encompassing fit, form, and function. This technical approach has allowed us to further refine and validate our approach to issue resolution, creating a blueprint for the future.
We continue to give industry expert FPOs the chance to reserve the FF 91 2.0 Futurist Alliance and we will continue to hold developer co-creation events in the future.
From a financial perspective and specifically as it relates to the previously communicated restatement of past financial statements, we believe it demonstrates the Company’s commitment to improve its internal controls and procedures and uphold the highest standards of financial reporting. Faraday Future remains steadfast in its commitment to acting in the best interests of its shareholders, employees, and the future of intelligent electric mobility. By further reinforcing our internal controls and procedures, Faraday Future seeks to provide a solid foundation for future growth and success.
2
Now I want to reiterate growth plans. We started with Phase 1, with the goal to deliver the FF 91 2.0 Futurist Alliance, the FF 91 2.0 Futurist and the FF 91 2.0 with high quality and unbeatable product power, thereby disrupting traditional ultra-luxury brands, and aspiring to claim the top place in the global ultra-spire user market.
Phase 2 focuses on the introduction of future models with growth in smart device sales, and to create a mobility ecosystem to ultimately increase eco revenues. It is FF’s intention to establish itself as the leader of the spire market.
FF’s phase 3 target is to sustain the growth of its smart device revenues while achieving growth in eco revenues, which include internet apps, software, and sharing. FF’s eco revenues are expected to constitute an increasingly substantial portion of the overall profit. FF will aim to establish itself as a major player in the high-value user market.
After nine years, FF has established globally integrated operations across R&D, supply chain, production, and sales. “Born in California Global DNA” is deeply imprinted in our globally distributed staff.
As Matthias just mentioned, AI is the soul of our product. More developers and third parties are invited to participate in R&D through an open technology platform, fostering co-creation of the technology architecture. Please stay tuned for our “FF Developers Co-Creation AI Festival” that will be held in the second half of 2023.
We continue to add to our experienced global personnel, and this is a good segue into welcoming one of the latest leaders to our growing organization:
I’d like to take this opportunity to introduce our new Interim CFO, Jonathan Maroko. I’m excited to have Jonathan join our team. With his capital markets background, Jonathan helps to further strengthen our finance team. Yun Han, who was previously in this role, remains as FF’s Chief Accounting Officer and will oversee all of FF’s accounting functions. Ed Darwick, our head of finance is in charge of all our financial planning and analysis, and Jonathan will focus much of his efforts on the capital markets. With that, I’d like to turn it over to Jonathan.
[Jonathan speaks.]
“Thanks, XF. Hi everyone, I’m extremely happy to be joining FF.
I’ve worked in the financial services industry for 17 years, most recently as strategic advisor and external CFO to venture-backed, fast-growing companies.
I joined Faraday Future because I believe the company is at a very exciting inflection point in its history. EV’s are the future and FF’s next-generation intelligent, connected, electric vehicle is incredibly unique and innovative. Given my background in working with public and/or growing companies, I look forward to contributing and adding value in FF’s efforts to emerge as an intelligent EV leader.”
Thank you all for your time today!
$FFIE -To vote on approving a Reverse split of 1:2 up to 1:90
a pioneer of the Ultimate TechLuxury ultra spire market in the intelligent EV era
Trading higher on a Friday down market. Tears for shorties.
Look at the pps. Why is it going up?
WRONG!! They just got funded for $90 million and $160 mil. All in the same qtr. Someone who says they have cash problems are outdated with information. Therefote, you are WRING!!
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