Faraday Future Says Its Has More Than 64,000 FF 91 Reservations
In the first 36 hours following the reveal of the Faraday Future FF 91, the automaker says that it logged 64,124 reservations for the electric car.
Faraday Future FF 91
While that number seems impressive, there are a few caveats that make the figure questionable at best.
First off, Faraday accepts two types of reservations, one of which is absolutely free. There's the option to log a $5,000 paid priority reservation or a $0 free (sign-me-up-for-updates) sort of reservation. Faraday hasn't listed a breakdown for the two types of reservations, but the consensus is that the vast majority are of the free variety.
Secondly, a single user can log multiple reservations. As Jalopnik points out:
"While the official reservations for the FF 91 should be $5,000, the site allows you not only to make a low-priority reservation for free, it also allows you to make multiple reservations."
Indeed, it seems there may be no limit to the amount of reservations a single user can make.
Jalopnik reached out to Faraday for comment on the types of reservations it has received. Jalopnik received this response (non-response):
"Standard reservations confirm the intent to reserve a non-priority spot in line when the FF 91 becomes available for purchase. Priority reservations require an initial fully refundable deposit of $5,000 to secure a priority spot in the reservation line, as well as provides eligibility for upgrading the reservation to the exclusive FF 91 Alliance Edition this Spring."
"While we are thrilled to receive such overwhelming interest in FF 91, we are unable to provide specific details with regards to reservation type."
Faraday Future FF 91
You can bet that if the majority of the reservations were of the paid variety, then Faraday would be willing to discuss that figure in detail. The automaker is not willing to discuss reservation type, so we are left to assume that most of the logged reservations are free.
Lastly, we think it's safe to assume that Faraday has at a bare minimum at least 300 paid reservations. As iTechPost states:
"Faraday Future is now accepting reservations for the first 300 limited edition vehicles that they would sell starting March of this year. Reservations would require a fee of $5,000 dollars for the mass produced cars, and an unspecified additional amount to get one of the 300 limited edition FF 91. The reservation fee is refundable."
We have to believe that those 300 limited edition cars are bought up, if only for the sake of keeping them as collectibles.
Out of the 64,124 reservations, what do you think the split of paid versus free is?