So says this credible piece by Business Insider.
It’s all over, folks. But be careful in your wording. You can’t say FF is about to evaporate, because it was pure vapor all along. You can’t say it’s going to crash and burn, because it never moved. You can’t say the operation will grind to a halt, because there never was an operation to grind.
It’s tempting to write this post in the past tense, but someone wrote about Tesla in the past tense in 2011, and boy has he lived to regret it.
*Editor’s Note: This and other Tesla-related posts appear on TeslaMondo. Check it out here.
Nissan CEO Count Carlos recently described the high barrier of entry for automotive startups. The castle walls are indeed high, and the moat wide. Dead bodies abound. But FF had such a vast army, such deep pockets and such a grandiose takeover plot, that some of us really bought into the notion of a Chinese invasion. To see the company face down in the moat, weapons floating away — well, it’s a blow to any other Chinese-backed squad hoping to establish a beachhead in the US.
*And unfortunately for FF, all 60 customers checked the box that says, “I want mine to work.”