Faraday Future Overview Updated January 13, 2017

Faraday Future

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62 Faraday Future stories

December 2015 - January 2017

Faraday Future is an electric vehicle startup based in California. It was founded and it is being primarily financed by Chinese billionaire Jia Yueting.

Founded only in 2014, the company already has around 1,000 employees and reportedly raised 100s of millions.

It started construction on a $1 billion electric vehicle factory in North Las Vegas and plans to bring its first vehicle to market with the next 2-3 years.

Faraday Future Stories January 13

TSLA: 237.75

Stock Chart

A lot has been said about Faraday Future leading to the unveiling of its first production-intent vehicle at CES earlier this month and since, but the price range of the all-electric vehicle has so far been elusive and the company has never confirmed it.

Jia Yueting, CEO of LeEco and Faraday Future’s main backer, gave us our best idea of the price this week by saying that will cost “less than $300,000”. expand full story

Faraday Future Stories January 7

TSLA: 229.01

Stock Chart

In this week’s top stories: Tesla CEO Elon Musk shares some thoughts on the upcoming Trump administration, Tesla Model 3 could soon be the most American made car, Chargepoint shows us its new 400kW charging station at CES 2017 in Las Vegas, and Ford, Faraday Future and others unveil their latest EVs and concepts at the show.

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Faraday Future Stories January 6

TSLA: 229.01

Stock Chart

Faraday Future Stories January 5

TSLA: 226.75

Stock Chart

Faraday Future has just announced in a post on the company’s facebook page that they’ve received a total of 64,124 reservations globally for their FF 91 within the first 36 hours.  They did not specify the proportion of “standard” free reservations to $5,000 “priority” reservations, but we can assume that a vast majority of these reservations are of the free variety.

Faraday Future announced their impressive-but-expensive-seeming 2018 production-intent FF 91 concept car two nights ago at CES.  You can see our writeup of the reveal here.  See how Faraday’s reservation numbers compare against some other EVs below the jump.

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Faraday Future Stories January 3

TSLA: 216.99

Stock Chart

Faraday Future has just finished revealing their first car, the “FF 91”, in a livestreamed demonstration from CES 2017, and boy was the demonstration a doozy.

The FF 91’s specs are incredibly impressive.  With a 130kWh battery, it will have 1050 horsepower, which Faraday Future claims is the most of any electric car (but actually falls short of the Rimac Concept_One by 38hp) and 378 miles of EPA range.  The 200kW DC charging system purportedly charges the car at a rate of 500 miles of range per hour (and a 15kW AC home charging system for 50% charge in 4.5 hours), and the car will include self-driving capability courtesy of a 3D LIDAR system embedded in the center of the hood.

See more about the specs and presentation, and some photos, below the jump. expand full story

Faraday Future’s unveiling livestream hasn’t even started yet, and already the link to reserve a car has gone live on their website (edit: post updated with the first image available of the car, from the livestream).  The website mentions “priority reservations” which require a fully refundable deposit of $5,000, which then makes you eligible to upgrade your reservation to an “Alliance Edition” spot when that is announced in the spring. expand full story


Faraday Future Stories December 29, 2016

TSLA: 214.68

Stock Chart

There’s some confusion around the relationship between Faraday Future and LeEco’s LeSee electric car division beyond the fact that they were both founded by Jia Yueting. They are both separate companies – FF is based in the US and LeSee in China, but the technology behind LeSee’s electric sedan has been developed by Faraday.

It’s a similar arrangement as the joint-ventures US automakers have with Chinese companies in order to produce vehicles in the country. There have been doubts about Faraday Future or LeSee’s ability to bring any vehicle to market after financial issues.

Faraday Future had to delay work at its own factory in Nevada, but now LeEco announced this week that it broke ground at its $3 billion electric car factory in China. expand full story

Faraday Future Stories December 28, 2016

TSLA: 219.74

Stock Chart

While the controversy surrounding its financial situation is the main subject of conversation around Faraday Future (FF) at the moment, the company is still moving ahead with the endless teasing of its first production-intent electric vehicle.

It has now released the first images of the interior of the concept. expand full story


Faraday Future Stories December 23, 2016

TSLA: 213.34

Stock Chart

Two of Faraday Future’s most senior executives have left the company this week following reports of financial troubles at the electric car startup and just ahead of its upcoming unveiling event in CES next month. While the company doesn’t have an official CEO, it was listing eight top executives on its website. Two of them, Marco Mattiacci and Joerg Sommer, quit this week, according to sources inside the company, and we are told that Chinese billionaire and the main investor of Faraday Future, Jia Yueting, has virtually taken over the company. expand full story

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