FFIE Stock Warning: Why July 20 Might Not Save This Failing EV Maker

InvestorPlace07-22

Faraday Future (FFIE) missed its opportunity to win in the electric vehicle market. It is hosting another investor day and planning another reverse stock split. Know when to talk away, know when to ...

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Investors should learn from its lessons and avoid FFIE stock.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4509":"腾讯概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4555":"新能源车","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","PSQ":"纳指反向ETF","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4550":"红杉资本持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4551":"寇图资本持仓","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","QID":"纳指两倍做空ETF","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","SQQQ":"纳指三倍做空ETF","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","QLD":"纳指两倍做多ETF","FFIE":"Faraday Future","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD"},"translate_title":"FFIE股票警告：为什么7月20日可能无法拯救这家失败的电动汽车制造商","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FFIE":1,".IXIC":0.62,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"EVS.SI":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Faraday Future (FFIE) missed its opportunity to win in the electric vehicle market.\nIt is hosting another investor day and planning another reverse stock split.\nKnow when to talk away, know when to run\n\n\n\n\n\n \n\nSource: T. Schneider / Shutterstock.com\n\n\n\nFaraday Future Intelligent Electric (NASDAQ:FFIE) stock once had promise. Now it’s a penny stock. Founded 10 years ago in Los Angeles, in 2015 it promised to invest $1 billion in a new factory to take on Tesla (NASDAQ:TSLA) and other industry pioneers. \nIt promised a new type of battery and showed off a concept race car with a carbon fiber shell.\nHad Faraday followed through on its promises, FFIE stock could have been a good investment. It didn’t. Founder Jia Yueting was no Elon Musk. It was saved in 2018 by Evergrande, a Chinese real estate company\nA Closer Look at FFIE Stock.\nFaraday returned under a former BMW (OTCMKTS:BMWYY) executive, Carston Breitfeld. It managed to come public in 2021, through a Special Purpose Acquisition Company (SPAC), netting $1 billion.\nBy this time the end should have been obvious. The industry had moved from showing cars, to building cars, to building them in quantity. It was about to become a war of attrition with mass production, at low costs, the only option.\nSince the IPO, which saw the stock trade at $4 per share, InvestorPlace writers have watched the money disappear quickly, then slowly. It had already lost 98% of its value by the time I wrote about it in December 2022.\nThere were excuses. Faraday eventually delivered an EV, the FF 91, last year. It was a 1050 horsepower, $309,000 crossover with 381 miles of range. This came after BYD (OTCMKTS:BYDYY) had already delivered 14,300 Seagulls, at about $12,500 each.\nA few months later, longtime insider Matthias Aydt became CEO. This should have been another hint things would not end well. Faraday claimed the fall of its stock was due to “market manipulation.” \nThere have been a variety of penny stock games played since then. Plans were made to split Faraday brands between the U.S. and China. The stock jumped after Rivian (NASDAQ:RIVN) tied up with Volkswagen (OTCMKTS:VWGAY). \nThe company had a meeting with representatives from the United Arab Emirates, six months after Abu Dhabi bought 20% of China’s Nio (NYSE:NIO)\nSince then, alarm bells have been ringing all over InvestorPlace offices. Investors should stay away, wrote our Larry Ramer. The stock could crash to zero, wrote our Josh Enomoto. Chris MacDonald called FFIE “a ticking time bomb” as it prepared for a reverse stock split.\nAll these writers have seen this movie before. They know how it ends. Penny stock prices can jump on the slightest pump of hope. They always come back to Earth.\nThe Bottom Line\nInvestors are now being told to mark their calendars for July 20. That’s when Faraday holds yet another Investor Day and teases a successor to the FF 91 car. The company plans to hold its annual meeting on July 31.\nI humbly suggest you make other plans.\nManagement wants authorization to issue more stock and have a reverse stock split. It has already had a reverse split this year. The stock hasn’t traded above $1 per share since late May.\nSomeone may still tell you Faraday Future will go “to the Moon.” It has missed its launch window. You should know when to walk away and know when to run.\nOn the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Tweet him at @danablankenhorn, connect with him on  Mastodon or subscribe to his Substack.Consumer Discretionary, Automotive, Electric VehiclesPenny Stocks \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/ffie-stock-warning-why-july-20-might-not-save-this-failing-ev-maker/.\n©2024 InvestorPlace Media, LLC","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":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"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":"4.29.0","shortVersion":"4.29.0","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/2453023052"}