However, I doubt any shares consolidation will save the day in the longer run if Faraday Future is not able to demonstrate its worth amidst deteriorating fundamentals and worsening demands for its vehicles. It does not help that the EV maker focuses on ultra-luxurious EVs which are as expensive as houses, so that its customer base is restricted.
In fact, if there has not been short-squeeze by the meme community, the share price would have already been beaten to the ground. Until it is able to demonstrate sustainable profitability, I remain pessimistic on the long-term prospect of the EV maker.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
![empty](https://c1.itigergrowtha.com/community/assets/media/empty-ttm.696c40cf.png)