However, with poor fundamentals and cash balance of mere $4M as of 31 December 2023, I wonder how such a plan is going to rescue Faraday Future in the short term short of a white knight. Faraday Future's promise to turnaround the company, attain profitability and defend shareholder value has been fruitless so far, and its sustainability even as a going concern is a big question mark to me.
Its stock price has been attempting dead cat bounces lately, thanks to short-squeezing by the meme community. However, without a concrete turnaround strategy and strong backer, I believe that the days are numbers for Faraday Future.
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- NathanEsther·06-18Sad [Sad] Faraday Future seems to be facing a lot of challenges in the short term.LikeReport