Faraday Future (FFIE)--Hanging by a Thread With 3 Months of Cash Left
843 Views25 May 2022 03:55
SUMMARY
- EV start-up Faraday Future released their delayed Q1 2022 results & had some hair-raising disclosures on their first-ever earnings call.
- Cash halved in the 3 months since Q4 2021 & dropped another 20% as of April 30th. Faraday didn't deny that they have roughly a quarter's worth of cash left.
- We can't see how Faraday raises cash in the current risk-adverse markets. And we don't see any assets worth buying them out for. Faraday is in need of a miracle.
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