$FFIE : Down and Out, despite Good News!

$Faraday Future Intelligent Electric Inc.(FFIE)$ 

It remains a mystery why US market is so negative / bias towards this luxury EV maker that was once touted to be $Tesla Motors(TSLA)$  ’s main rival.

All this due to its more than fantastic technical specifications deemed worthy of a luxury sedan. 

All these harked back in its heady days where its stock price peaked at $55.35 in January 2021.

Before its subsequent, 2 reverse stock split exercises, required to prevent FF from being delisted on the US bourse.

Fast forward to 10 Apr 2024, its stock price has fallen by -99.84% to $0.091 per share. 

On 09 Apr 2024, Faraday Future (FF) made the following announcement:

-   It has just opened a sales office in Dubai. 

-   This is a big step in their plan to sell electric cars in more places around the world.

-   FF will focus on selling EVs in 3 regions: the US, China, and the Middle East.

-  These regions are known for liking new and expensive technology.

-   In November 2023, FF started planning to sell cars in the Middle East by partnering with some local companies.

-  The new sales office is the next step in that plan.

-   FF wants to change the way people travel by making electric cars that are smart and connected.

-   FF is also looking for other businesses in the Middle East to work with.

-  They're interested in finding partners (a) to invest, (b) help them grow their business, and (c) sell more cars.

Faraday’s CEO Matthias Aydt has the followings to say:

-   Opening the Middle East sales office is a key moment for the company, as they make inroads into the Middle East.

-   It shows FF’s commitment in being a part of an exciting and fast-growing market for electric, smart, and AI-powered cars in the region.

Despite the positive next-step, I guessed the luxury car maker has forgotten that in order to flourish it must be able to:

-   Spur demand. 

-   Ramp up production and meet demand. 

-   Be profitable ultimately.

Otherwise, it will forever remains a wannabe. 

 What do you think are vital for FF to succeed as a luxury EV leader ?  

-   Do you think Faraday Friday will be able to find its knight in shiny armour to get out of the rut?

-   Do you think can become a successful EV maker under the new CEO?  

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  • wavyloo
    ·04-12
    TOP

    What is this? Look at TSLA, the others don’t even have a chance!!!

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    • JC888
      Hi, tks for reading my post... BYD has a d the European veterans are doing well in their native countries before scaling dwn their ICE output Nd ramp up EVs...
      04-12
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  • OYoung
    ·04-12
    TOP

    aftermarket squeeze???

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    • JC888
      Hi, tks for reading my post... Looks as if traders are shorting FFIE to its early death...
      04-12
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  • kookieman
    ·04-12
    TOP

    Only if there is good news for this again...

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    • JC888
      Hi, tks for reading my post... Looksike the recent gd news isn't good enough by mkt standards....
      04-12
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  • JC888
    ·04-11
    TOP
    Hi, tks for reading my post. I make time to write and share my post.
    Pls help to "Re-post". Tks! Rating is important (to me).
    Would you consider "Follow me" and get first hand read of my Daily new posts? Thanks!). Tks!
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  • zinglee
    ·04-11
    You make some good points.
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    • JC888
      Hi, tks for reading my post. Glad you liked it...
      04-12
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  • newbi555
    ·04-18
    Great article, would you like to share it?
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    • JC888
      Hi, tks for reading my post.
      04-18
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  • Sonsonkok
    ·04-13

    Great article, would you like to share it?

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  • Kevinshn23
    ·04-12
    Nice
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    • JC888
      Hi, tks for reading my post...
      04-12
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  • Tom Chow
    ·04-12
    good
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    • JC888
      Hi, tks for reading my post...
      04-12
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