Electric vehicle startup Faraday Future prospects have dimmed after being forced to take austere measures in an effort to stay alive.
Tag: Jia Yueting
China issued a notice to LeEco co-founder and Faraday Future exec to return to China immediately, but Yueting is staying in the U.S. to fundraise.
Who wants a ride on the Faraday Future roller coaster? The "automaker" goes from broke with no CEO to funded, "chiefed", and ready to roll next year?
At Faraday Future, it seems to get worse by the minute, and it may all point back to founder and early financier, Jia Yueting.
LeEco is in its second cash crunch, and founder Jia Yueting admits that it's much worse than previously reported. Faraday Future may or may not be affected.
Due to continued issues with parent company LeEco, and the lack of support and funding from Jia Yueting, Faraday Future is moving to raise its own funds.
LeEco’s Founder Jia Yueting Steps Back From Struggling Business. Faraday Future’s Future Unclear (update)
The LeEco, Chinese parent company of Faraday Future, is undergoing restructuring and execs reshuffle after bold plans were undercapitalized.
It doesn't come as a big surprise that LeEco, parent company of Faraday Future, is facing the same plethora of problems. Both companies lack money, which is a...
Who better than a renowned automotive exec and banker, to lead troubled Faraday Future's financial situation back to positive standing? Stefan Krause was CFO at...
We can't say that we are surprised to hear the Faraday Future is downsizing its U.S. factory plans. Actually, the fact that the company is still reporting plans...
We have seen many reports that Faraday Future may be in trouble. Production is currently halted on its Las Vegas factory, reportedly due to the fact that the...
Bad news comes from China where LeEco group notes cash deficiency due overinvestment in various projects.