$Faraday Future Intelligent El

Faraday Future Intelligent Electric (NASDAQ:FFIE) shares neared the $1 for the first time in months on Monday.

Shares of the California-based EV startup jumped 50.64% on Monday, the second-largest one-day move for the stock in the past year. The sizable gain stood out amid a broad-based rally for EV-related stocks on Monday.

Trading volume on the day was also notable, with over 137M shares changing hands. That figure reflected a level over 400% above the daily average. Short interest in the name is elevated, standing at 21.38% according to Seeking Alpha data.

The company tweeted confirmation that the start of production for its FF91 Futurist is on track for March on Friday evening. 🚀 🚀 🚀

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Comments

nimbly
2023-01-27
nimbly
$200 million guaranteed and $150 optional. This will guarantee the ability to produce vehicles. They have a great design.
bubblyx
2023-01-27
bubblyx
They have a viable well designed product. Not sure what the problem is with the trading. Should be at least $1.50
frosti
2023-01-27
frosti
why would anybody provide $200 million and an option for another $150 million if they did not think they could get the product into manufacturing ?
cheerzy
2023-01-27
cheerzy
FF91 test results are above expectations, a luxury fully autonomous vehicle is ready for SOP just weeks away. FF tests beats struggling Tesla, Mercedes and many other EV brands.
Dragon1976
2023-01-26
Dragon1976
Great ariticle, would you like to share it?
podilato
2023-01-26
podilato
👍🏻

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