Why Faraday Future Stock Rocketed 50% Today

Motley Fool2022-07-06

What happenedShares of California-based electric vehicle (EV) company Faraday Future Intelligent Electric soared 48.73% today. The stock has experienced a parabolic rise over the past week. It has ...

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Comments

Remotecam
2022-07-06
Remotecam
Thanks for sharing. I should monitor Reddit meme stocks more closely.
.
2022-07-06
.
Pls comment
.
2022-07-06
.
Just ride the short squeeze.
Bubble5728
2022-07-06
Bubble5728
[Miser]
Jazim
2022-07-06
Jazim
Ok

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The stock has experienced a parabolic rise over the past week. It has ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/05/why-faraday-future-stock-rocketed-50-today/\">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":"https://www.fool.com/investing/2022/07/05/why-faraday-future-stock-rocketed-50-today/","article_id":"2249535678","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2249535678","pubTimestamp":1657062698,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Meet the new meme stock.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FFIE":"Faraday Future"},"translate_title":"为什么法拉第未来的股票今天飙升了50%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FFIE":0.9},"content_text":"What happenedShares of California-based electric vehicle (EV) company Faraday Future Intelligent Electric soared 48.73% today. The stock has experienced a parabolic rise over the past week. It has soared 150% in just the last five trading days.So whatThe problem is that there hasn't been any news out of the company. It remains on pace to begin production of its FF91 electric car in the third quarter of 2022. But its finances are on shaky ground. Faraday Future lost $149 million in the first quarter and only held $276 million in cash as of March 31, 2022. It seems the stock has become the latest meme stock, with retail investors trying to force a short squeeze. As of mid-June, more than 25% of its public float was held short, according to MarketWatch.Faraday's FF91 EV is expected to launch in the third quarter of 2022.Now whatPrior to the past week's move, Faraday stock had lost 82% in 2022. A bankruptcy filing by fellow EV start-up Electric Last Mile Solutions in early June also has investors questioning whether some EV hopefuls will even survive. That likely helps explain the high short interest in Faraday.But that's prime hunting ground for the online retail crowd that drove stocks like GameStop and AMC Entertainment to unreasonable levels early last year. Meme stock investors hope to cash in on a massive short squeeze with stocks that have a high percentage of shares sold short.But investors should beware when the underlying business fundamentals don't justify the valuation. GameStop and AMC shares are down 40% and 75%, respectively, over the past year. 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I should monitor Reddit meme stocks more closely.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070674418","repostId":2249535678,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9070623822,"gmtCreate":1657063652266,"gmtModify":1676535940386,"author":{"id":"4089535142632590","authorId":"4089535142632590","name":" . ","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","idStr":"4089535142632590","authorIdStr":"4089535142632590"},"htmlText":"Pls comment&nbsp;","listText":"Pls comment&nbsp;","text":"Pls comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070623822","repostId":2249535678,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9070629841,"gmtCreate":1657063624083,"gmtModify":1676535940362,"author":{"id":"3575901346969727","authorId":"3575901346969727","name":" . ","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","idStr":"3575901346969727","authorIdStr":"3575901346969727"},"htmlText":"Just ride the short squeeze.","listText":"Just ride the short squeeze.","text":"Just ride the short squeeze.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070629841","repostId":2249535678,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9070664766,"gmtCreate":1657063553055,"gmtModify":1676535940307,"author":{"id":"3575454990112554","authorId":"3575454990112554","name":"Bubble5728","avatar":"https://static.tigerbbs.com/ffe6f8385b6f65785cb6f3337622382d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575454990112554","authorIdStr":"3575454990112554"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070664766","repostId":2249535678,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9070660297,"gmtCreate":1657063130219,"gmtModify":1676535940129,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4091925166419540","authorIdStr":"4091925166419540"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070660297","repostId":2249535678,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":140,"commentSize":5,"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":"4.29.1","shortVersion":"4.29.1","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/2249535678"}