$Faraday Future Intelligent Electric Inc.(FFIE)$ 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. 🚀 🚀 🚀
$Faraday Future Intelligent Electric Inc.(FFIE)$ FF 91 Futurist will be on display alongside Innovusion’s LiDAR portfolio for autonomous driving New leadership and expected funding to kickstart FF 91 Futurist production, targeted for March of 2023 Rocket 🚀
$Faraday Future Intelligent Electric Inc.(FFIE)$Faraday Future Intelligent Electric Inc (NASDAQ:FFIE)The 1 analysts offering 12-month price forecasts for Faraday Future Intelligent Electric Inc have a median target of 10.00, with a high estimate of 10.00 and a low estimate of 10.00. The median estimate represents a +843.40% increase from the last price of 1.06.
$Faraday Future Intelligent Electric Inc.(FFIE)$ Our FF 91 vehicle program is advancing, and recent testing and validation results have exceeded our targets, including an EPA range certification of 381 miles, which is truly exceptional for a large TechLuxury car that delivers 1050 horsepower and 0-60 performance in under 2.4 seconds," said Dr. Carsten Breitfeld, Global CEO of Faraday Future. "This newfinancing facility is a key part of our strategy to raise the funds we need to get the FF 91 on the road and in the hands of users as quickly as possible," continued Dr. Breitfeld. 🚀 🚀 🚀