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From Electrek: Faraday Future’s EV factory spending down, reportedly looking to raise $1...

Discussion in 'News from Electrek.co' started by RSSFeed, May 26, 2017.

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    Faraday Future’s EV factory spending down, reportedly looking to raise $1 billion

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    Faraday Future’s troubles intensified over the past few months and as we reported earlier this week, it resulted in dozens of employees jumping ship.

    Nonetheless, the company is apparently still investing in its factory under construction in Nevada, where its investment has now reached $174 million, though at a slower pace.They are now reportedly trying to raise a $1 billion round to complete the construction. more…

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