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FARADAY FUTURE INTELLIGENT ELECTRIC INC.

(FFIE)
  Report
Delayed Nasdaq  -  01:00 2022-11-25 pm EST
0.3212 USD   -1.05%
11/22North American Morning Briefing: Stock Gains Seen -2-
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11/21Faraday Future Intelligent Electric : REPORTS FINANCIAL RESULTS FOR THIRD QUARTER 2022 - Form 8-K
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11/21Faraday Future Reports Financial Results for Third Quarter 2022
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Faraday Future reaches agreement with shareholder, Chairperson Swenson to step down

09/26/2022 | 09:36am EST
Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena

(Reuters) - Faraday Future Intelligent Electric Inc said on Monday the electric-vehicle startup had reached an agreement with its largest shareholder to resolve a governance dispute, adding that Sue Swenson will step down as executive chairperson.

The company said it had raised $100 million to start the production of its FF 91 electric luxury car, adding that Brian Krolicki will also step down Faraday Future's board.

The company, whose shares rose 30% in trading before the bell, said Adam He has been appointed as a new independent board member.

Earlier this month, shareholder FF Top Holding sued Faraday Future seeking the removal of two board members, according to a court filing.

Several company employees had called on the board and shareholders to remove Swenson alleging that the executive chairperson had organized attempts to "push the company into bankruptcy and restructuring".

Los Angeles-based Faraday Future has been battling high costs and supply-chain disruptions that have delayed the production of its FF 91 to the fourth quarter of 2022.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)


ę Reuters 2022
All news about FARADAY FUTURE INTELLIGENT ELECTRIC INC.
11/22North American Morning Briefing: Stock Gains Seen -2-
DJ
11/21Faraday Future Intelligent Electric : REPORTS FINANCIAL RESULTS FOR THIRD QUARTER 2022 - F..
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11/21Faraday Future Reports Financial Results for Third Quarter 2022
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11/21EV startup Faraday Future raises going concern doubt
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11/21FARADAY FUTURE INTELLIGENT ELECTRIC INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINAN..
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11/21Faraday Future Intelligent Electric Inc. Reports Earnings Results for the Third Quarter..
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11/17Faraday Future Receives Official Zero-Emissions CARB Rating for the FF 91 Futurist
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11/14EV startup Faraday Future signs deal to raise up to $350 million
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11/14Faraday Future Announces Significant New Financing and Effective Form S-1/A Registratio..
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11/14Faraday Future Intelligent Electric : Entry into a Material Definitive Agreement, Unregis..
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Analyst Recommendations on FARADAY FUTURE INTELLIGENT ELECTRIC INC.
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Financials (USD)
Sales 2022 36,3 M - -
Net income 2022 -531 M - -
Net Debt 2022 - - -
P/E ratio 2022 -0,20x
Yield 2022 -
Capitalization 145 M 145 M -
Capi. / Sales 2022 3,99x
Capi. / Sales 2023 0,48x
Nbr of Employees 745
Free-Float 47,0%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,32
Average target price
Spread / Average Target -
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Managers and Directors
Carsten Breitfeld Global Chief Executive Officer & Director
Yun Han Chief Financial & Accounting Officer
Xin He Non-Executive Chairman
Xiao Ma Head-Product & Operations
Terry Wang Head-User Ecosystem Strategy & Operations
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