Scientific names for car companies?
$Faraday Future Intelligent Electric Inc.(FFIE)$is an American start-up technology company focused on the development of electric vehicles, founded in 2014.
It's new production model launch, FF 91 is competing in the high end luxury market with Volkswagen Porsche and $Lucid Group Inc(LCID)$
It's planned future launch of FF 81 is competing in the mass market with $Tesla Motors(TSLA)$and other smaller players.
That's going to be a tough fight.
Better off speculating/trading this stock. When its high, short it. When its reaches a bottom, long it - for a short while [Happy]
Can't imagine how it's going to survive and beat the competition in the long term.
-small market for high end/luxury model
-"mass market" model is still more expensive than Tesla
-only $276 million in cash as of Mar 31, after net loss of $153 million. In this high interest rate environment, cash is King. Its going to be a challenge if revenues don't increase significantly.
- and here's some bad news. Just Google: The Horizon Darkens for Faraday Future, Dubbed 'Next Tesla'
Remember, Tesla is only a car company.. And so is $Faraday Future Intelligent Electric Inc.(FFIE)$
Can't wait for the next electric vehicle company startup.
A suggestion for it's name - Coulomb Car Corporation
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