Game Over for FFIE 🥵🥵🥵

Faraday Future Intelligent Electric today announced its financial results for its fourth quarter and full year ended December 31, 2023.

FFIE

Positive Financial Results

For fiscal 2023, FF produced its first year of revenue as well as a reduced operating loss, and cash used in operating activities, while improving the composition of its balance sheet, as compared with fiscal 2022. These results were achieved through major cost reductions and cost discipline.

FF reported revenue of $0.8 million for 2023 and cost of goods sold of $43 million, compared with no revenue and cost of goods sold in 2022. This reflects that the Company only began delivering vehicles in the third quarter 2023. Loss from operations was $286 million for 2023, as compared to a loss from operations of $437 million for 2022. The change was due to a significant reduction in operating expenses which registered $244 million in 2023 compared to $437 million in 2022. The improvement in operating expenses for the year was primarily due to lower research and development expenses as the Company completed product development and transitioned to fulfilling sales through manufacturing and production. Net loss improved to $432 million for 2023, as compared to $602 million for 2022.

 Poor Outlook - Booommmm...

However, Faraday mentioned that it was withdrawing its production forecast for 2024 due to current market conditions and levels of funding, sending its shares down more than 50% in premarket trading Wednesday.

Plunge show

With the massive drop in share price after today's earnings, Faraday will definitely be hit with a delisting notice from the Nasdaq soon over its failure to comply with rules that require a minimum closing share price of $1.

Game over for FFIE

With all the bad news and management failure to proof their capabilities to the shareholders and also the high risk of being delisted, I am definitely $Faraday Future Intelligent Electric Inc.(FFIE)$  for the company. 

Game over for FFIE!!! 🤯🤯🤯

How do you think about this high risk stock? Come and join the discussion at below by sharing your points of view, thanks. 

@MillionaireTiger  @CaptainTiger  @TigerStars  @Tiger_comments  @Daily_Discussion  @TigerGPT  @Meme_Tiger  

# FFIE Surges 120%: Will You Lose Money on the Same Stock Twice?

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  • SPACE ROCKET
    ·05-30
    TOP
    A stock I'd stay away from. I got my fingers burnt real bad on $Sono Group N.V.(SEV)$ when it got delisted. Never buying into such again. The EV market is not like before. Too much competition such that its hard to survive.
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  • TigerGPT
    ·05-29
    TOP

    Faraday Future Intelligent Electric Inc. (FFIE) Stock Analysis

    Business and Industry Overview:Faraday Future Intelligent Electric Inc. is an electric vehicle (EV) manufacturer. The company operates in the automotive industry, specifically focusing on the production and sale of electric vehicles. The EV industry is expected to grow rapidly in the coming years due to increasing demand for sustainable transportation and government initiatives promoting electric vehicles.

      

    Earnings Analysis:

      

    For fiscal year 2023, FFIE reported revenue of $0.8 million, compared to no revenue in 2022. This reflects the company's progress in delivering vehicles starting from the third quarter of 2023.  

    The cost of goods sold for 2023 was $43 million, indicating the expenses associated with manufacturing and delivering vehicles.  

    Loss from operations improved from $437 million in 2022 to $286 million in 2023, primarily due to significant cost reductions and improved cost discipline.  

    Net loss also improved from $602 million in 2022 to $432 million in 2023.  

      Trend Analysis:  

      The current stock price of FFIE is $1.17 (USD) as of May 29, 2024.  

      The support price on May 28, 2024, was $0.098 (USD), indicating a level at which buying pressure may increase.  

      The resistance price on May 28, 2024, was $1.668 (USD), indicating a level at which selling pressure may increase.  

      The average cost of FFIE stock on May 28, 2024, was $0.9363 (USD).  

      The capital flow data shows fluctuations in the inflow and outflow of funds over the past five days, indicating investor sentiment towards the stock.  

        Valuation Analysis:  

        Analyst recommendation for FFIE is "1 hold," suggesting a neutral stance from analysts.  

          News and Market Sentiment:  

          Faraday Future mentioned that it was withdrawing its production forecast for 2024 due to current market conditions and funding levels, leading to a significant drop in share price.  

          The company's failure to comply with Nasdaq's minimum closing share price requirement may result in a delisting notice.  

          Investment Analysis and Disclaimer:Considering the high risk associated with FFIE, including the withdrawal of production forecast, management challenges, and potential delisting, it is important to exercise caution when considering an investment in this stock. The stock has experienced significant volatility and uncertainty. Investors should conduct thorough research, analyze the company's financials, and consider their risk tolerance before making any investment decisions.

          Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the stock market is subject to fluctuations. It is important to conduct your own research and consult with a financial advisor before making any investment decisions.

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    • TigerGPTReplying toShyon

      Based on the available news and market sentiment, Faraday Future Intelligent Electric Inc. (FFIE) recently announced that it is withdrawing its production forecast for 2024 due to current market conditions and funding levels. This news has had a significant impact on the stock price, causing it to drop more than 50% in premarket trading. The company's failure to comply with Nasdaq's minimum closing share price requirement may result in a delisting notice.

      It is important to note that delisting is a serious concern for investors as it can lead to a loss of liquidity and potential negative effects on the stock's value. However, it is crucial to consider that delisting is not guaranteed and depends on various factors, including the company's ability to meet the listing requirements or take necessary actions to regain compliance.

      Investing in a high-risk stock like FFIE requires careful consideration and thorough analysis. The withdrawal of the production forecast and the potential delisting notice indicate significant challenges and uncertainties for the company. Investors should carefully assess the risks involved and conduct their own research before making any investment decisions.

      Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it is important to consult with a financial advisor or do further research before making any investment decisions.

      05-29
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    • Shyon
      Will Faraday Future be delisted soon?
      05-29
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    • TigerGPTReplying toShyon

      The financial results of Faraday Future Intelligent Electric Inc. (FFIE) for fiscal year 2023 can be considered mixed. On the positive side, FFIE reported its first year of revenue, indicating progress in delivering vehicles. The company also achieved a reduced operating loss and improved its balance sheet composition compared to the previous fiscal year. These improvements were primarily driven by major cost reductions and cost discipline.

      However, there are also negative aspects to consider. The revenue for 2023 was relatively low at $0.8 million, and the cost of goods sold was $43 million. The loss from operations improved but still amounted to $286 million, and the net loss for the year was $432 million. Additionally, Faraday Future mentioned that it was withdrawing its production forecast for 2024 due to current market conditions and funding levels, which led to a significant drop in share price.

      Overall, while there are some positive aspects to FFIE's financial results, the company still faces challenges and uncertainties. It is important to carefully evaluate the company's financial performance, market conditions, and management capabilities before making any investment decisions.

      05-29
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  • Tui Jude
    ·05-30
    Looks dodgy to me
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  • snappyz
    ·05-29
    Let's discuss this risky stock at the link below.
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  • To the moooooon 🌕
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  • icycrystal
    ·05-29
    thanks for sharing
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  • Sarwendah
    ·05-31
    Great article, would you like to share it?
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  • mahmudlzd
    ·05-31
    Great article, would you like to share it?
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  • Money365
    ·05-29
    big loss lo
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  • beibeiliu
    ·05-29
    short squeeze
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