Faraday Future Employees Start GoFundMe Campaign

NOV 7 2018 BY DOMENICK YONEY 16

Brother, can you spare a dime to keep a dream alive? 

The auto industry is famously difficult to break into, but when Faraday Future first appeared on the scene with a billionaire backer there was hope that the same lightning that had struck Tesla might also put the spark of life into this new venture. Since then, times and fortunes have changed. Dramatically. So much so that the few FF employees that remain have started a crowdfunding campaign to help their laid-off comrades pay their bills while their employer looks for more investment capital to keep the company alive.

After a tumultuous first couple years, things had seemed like they were finally going well. Sure, the original dream of a billion-dollar factory outside Las Vegas was long gone, but still, earlier this year it was teasing new concepts, getting a factory in California in shape and had snagged a juicy $2 billion investment. Suddenly, though, there was a problem with that big investment and layoffs and salary cuts ensued. Apparently, even a small legal victory and the release of an inspirational video wasn’t enough to keep the band together, and founder and CEO Jia Yueting said goodbye to the final three members of his founding five group of executives last week.

As Yueting casts about for $500 million in fresh funding, his employees are trying to raise a more modest $50,000. The “FF Manufacturing Family Funding” campaign on GoFundMe, started by the manager of tooling and equipment for Body-in-White production Hector Padilla, seeks cash to ease the burden on those affected most by the downward turn of events — manufacturing partners who were laid off or put on mandatory furlough.

It’s having a modicum of success. As of this writing, it’s collected $16,602 after only five days of its expected two-week life. We wish them good luck in reaching their goal.

Source: Green Car Reports

Categories: Faraday Future, General

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16 Comments on "Faraday Future Employees Start GoFundMe Campaign"

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rey

Brother can you spare a few Billion $$$$$$$$$$$$?

ffbj

They used to tell me I was building a dream…(nice reference)
https://www.youtube.com/watch?v=4F4yT0KAMyo

Henry

With the current healthy job market, why not GoWorkSomewhereElse in stead ?

Faraway

I wish what you said was right. However, the unemployment rate is low because people are taking jobs like Uber or DoorDash (not legitimate jobs) which saturates the percentage and as a result, makes the number very misleading

BoltEV (was SparkEV)

If you think low unemployment is due to Uber, etc. they must be the largest employers in US with several million job openings every year. God help us who try to use DCFC if that is actually the case.

What do you consider legitimate jobs? One that pays fat pension? Life time same-work guarantee? Only government jobs are like that. The rest of us have to do whatever comes along.

esto perpetua

Record wage increases, too. Take the blinders off and try to keep up.

Kosh

“Maybe we can have a bake sale?”

MRF

This is for good cause, Ill put 10$ in. Good luck guys!

Pushmi-Pullyu

No, it’s for a very bad cause. FF has deserved to die from the very start. At best it’s an example of shockingly bad and terribly inept leadership; at worst it’s an outright fraud. In neither case does it deserve to survive.

John

Better than GoFundMe: go apply to work at Tesla.

Hugo

Just let it die. It had its fame. Just another backrupted American Car company.

robus

I dunno, it was more a billionaire’s wet dream that happened to employ some people. I don’t think it was ever serious.

Tesla4theWin

Most of the donations were made by a Senior VP of Faraday.. I’m guessing he felt bad that he was one of the overpaid execs blowing thru investor cash on his compensation while the company went under and low level workers got laid off

Pushmi-Pullyu

Now here is someone who has been paying attention.

Pushmi-Pullyu

And so, the undead corpse of this zombie continues to shamble on a few more steps.

The outrageous and embarrassing comedy of FF’s ineptitude and its wildly over-the-top claims, has turned into a sad, pathetic attempt to keep the zombie company from collapsing, as it should have years ago.

Any would-be investor money should go to an EV startup which appears to have a real chance of growing. Companies like Rivian, Bollinger, and Workhorse. Heck, even Lucid appears to have a small chance of surviving.

Any money invested in FF is just throwing good money after bad, and it’s been that way for years now.

Ron Swanson's Mustache

The collapse of Faraday Future really sucks for the employees, they have my sympathy. I hope they’re able to find stable jobs at other companies.

As for FF, that company has been a complete trainwreck for almost five years now.