From Electrek: Faraday Future dismisses financial issues as ‘skepticism and negativity’...

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    Sep 28, 2016
    Faraday Future dismisses financial issues as ‘skepticism and negativity’ ahead of electric car unveiling


    Last weekend, we published an article advising Faraday Future’s backer, Chinese billionaire Jia Yueting, to bail out the company ahead of its production-intent electric vehicle unveiling in a few weeks.

    It was prompted by several recent lawsuits from suppliers claiming that they haven’t been paid in months and insider information suggesting that the startup is in debt to the tune of hundreds of millions. We have contact with one such organization ourselves that says they’ve stopped working with Faraday because of lack of payment. We’re not worried they will find out who because many of their suppliers are in the same boat. The company refused to comment on any these reports, but yesterday they went on a Twitter rant dismissing the financial issues as “skepticism and negativity”. more…

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