Stock Track | Faraday Future Stock Plunges as Survival Hangs in the Balance

Stock Track07-26

Shares of Faraday Future Intelligent Electric Inc. (FFIE) plummeted by 8.46% during intraday trading on Monday, as the luxury electric vehicle maker grapples with looming deadlines and a desperate need for cash to keep its operations afloat.

The company is facing a race against time to comply with Nasdaq listing requirements and avoid delisting. It must submit all outstanding SEC filings by July 31 and maintain a share price above $1 for 10 consecutive days by August 31. Failure to meet these requirements could result in Faraday Future's stock being relegated to the over-the-counter market.

In a bid to survive, Faraday Future is exploring various strategies to inject much-needed cash into its business. The company is borrowing ideas from industry peers like Lucid Group and Rivian Automotive, including seeking investments from the United Arab Emirates to establish an electric vehicle industry and allowing Chinese EVs to be built at its California factory. Additionally, Faraday Future plans to sell its proprietary technology to other automakers, following in the footsteps of Rivian's strategy.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150821367?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-26 01:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150821367","market":"hk","top_or_hot":-1,"title":"Stock Track | Faraday Future Stock Plunges as Survival Hangs in the Balance","media":"Stock Track","content":"<p>Shares of Faraday Future Intelligent Electric Inc. (FFIE) plummeted by 8.46% during intraday trading on Monday, as the luxury electric vehicle maker grapples with looming deadlines and a desperate need for cash to keep its operations afloat.</p>\n\n<p>The company is facing a race against time to comply with Nasdaq listing requirements and avoid delisting. It must submit all outstanding SEC filings by July 31 and maintain a share price above $1 for 10 consecutive days by August 31. Failure to meet these requirements could result in Faraday Future's stock being relegated to the over-the-counter market.</p>\n\n<p>In a bid to survive, Faraday Future is exploring various strategies to inject much-needed cash into its business. The company is borrowing ideas from industry peers like Lucid Group and Rivian Automotive, including seeking investments from the United Arab Emirates to establish an electric vehicle industry and allowing Chinese EVs to be built at its California factory. Additionally, Faraday Future plans to sell its proprietary technology to other automakers, following in the footsteps of Rivian's strategy.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Faraday Future Stock Plunges as Survival Hangs in the Balance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Faraday Future Stock Plunges as Survival Hangs in the Balance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-07-26 01:48 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Faraday Future Intelligent Electric Inc. (FFIE) plummeted by 8.46% during intraday trading on Monday, as the luxury electric vehicle maker grapples with looming deadlines and a desperate ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FFIE","symbol_name":"Faraday Future","start_time":0,"source_url":"","article_id":"1150821367","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150821367","pubTimestamp":1721929725,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Faraday Future Intelligent Electric Inc.  plummeted by 8.46% during intraday trading on Monday, as the luxury electric vehicle maker grapples with looming deadlines and a desperate need for cash to keep its operations afloat.The company is facing a race against time to comply with Nasdaq listing requirements and avoid delisting. It must submit all outstanding SEC filings by July 31 and maintain a share price above $1 for 10 consecutive days by August 31. Failure to meet these requireme","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FFIE":"Faraday Future"},"translate_title":"股票追踪法拉第未来股价暴跌，生死存亡","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FFIE":1},"content_text":"Shares of Faraday Future Intelligent Electric Inc. (FFIE) plummeted by 8.46% during intraday trading on Monday, as the luxury electric vehicle maker grapples with looming deadlines and a desperate need for cash to keep its operations afloat.\nThe company is facing a race against time to comply with Nasdaq listing requirements and avoid delisting. It must submit all outstanding SEC filings by July 31 and maintain a share price above $1 for 10 consecutive days by August 31. Failure to meet these requirements could result in Faraday Future's stock being relegated to the over-the-counter market.\nIn a bid to survive, Faraday Future is exploring various strategies to inject much-needed cash into its business. The company is borrowing ideas from industry peers like Lucid Group and Rivian Automotive, including seeking investments from the United Arab Emirates to establish an electric vehicle industry and allowing Chinese EVs to be built at its California factory. Additionally, Faraday Future plans to sell its proprietary technology to other automakers, following in the footsteps of Rivian's strategy.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150821367"}