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08-19

Buying the dip? Or falling knife? 🤔

Faraday Future Shares Plunge 17% After Reverse Split, Affordable EV Brand Strategy Reveal

Shares of Faraday Future Intelligent Electric Inc. plummeted over 16% on Sunday, following the company's announcement of a new "China-U.S. Automotive Bridge Strategy" and plans to introduce a second, more affordable electric vehicle brand targeting the $20,000 to $80,000 price segment.In a press release, Faraday Future revealed its intentions to leverage cutting-edge AI and software technologies to develop a mass-market EV line, in addition to its existing ultra-luxury offering, the $300,000 F

Faraday Future Shares Plunge 17% After Reverse Split, Affordable EV Brand Strategy Reveal

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