EV companies face stiff competition. Which EV stock is a good buy?
@koolgal:
🌟🌟🌟It has been a tough week for EV stocks as their share prices slide downwards. The worst performing stock is $Faraday Future Intelligent Electric Inc.(FFIE)$ as it lost a massive 40% in market value. Faraday Future has issued its first recall due to an airbag malfunction causing a warning light failure. It has to recall all 11 of its FF91 vehicles to rectify the fault. Faraday Future also owes its landlord Rexford Industrial rental payment after missing 2 months' of rent. Faraday is at risk of being delisted by Nasdaq for failure to maintain a minimum price of at least USD 1 per share for 30 consecutive trading days. It is burning cash at an alarming rate