Faraday Future Surged Over 12% in Premarket Trading

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Faraday Future Surged Over 12% in Premarket Trading

Tiger Newspress2023-09-08

Faraday Future Intelligent Electric Inc. surged over 12% in premarket trading.

It has recently observed a series of "suspicious activities" which the electric-vehicle startup believes suggested a "coordinated effort" to undermine its valuation.

The company alleged efforts to spread misinformation and manipulate market sentiment.

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