Faraday Future

Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent, TechCrunch has learned. The landlord, Rexford Industrial, filed a previously unreported lawsuit against Faraday Future this week in Los Angeles Superior Court that accuses the startup of missing its January and February lease payments, as well as associated maintenance fees and taxes. Rexford claims the startup owes it $917,887.26 as a result and is…

Faraday Future Intelligent Electric got a notice from the Nasdaq exchange on Thursday over its failure to comply with listing rules that require a minimum closing share price of $1, the electric-vehicle startup disclosed in a filing.The firm, whose shares closed at 26 cents on Thursday, has until June 25 to regain compliance by lifting its stock price over the required level for at least 10 consecutive days.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Electric vehicle (EV) startup Faraday Future Intelligent Electric on Thursday pushed back initial deliveries of its flagship FF 91 Futurist by another two months, saying they would depend on "substantial additional financing". The Los Angeles-based company said it was down to about USD 30 million in cash as of Tuesday and deliveries of the sport-utility vehicle, its first production model, would depend on "sufficient" funding, receiving parts in time from suppliers, as well as completing necessary crash tests. Still, the…

Faraday Future burned through cash and board seats while its founder fought for control. The image arrived in Susan Swenson's inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word “Kill” was written in the bottom left corner. In the hours that followed, some of her colleagues received similar threats, including messages that referenced the recent assassination of former Japanese prime minister Shinzo Abe.The menacing emails marked the apex of a months-long…

Faraday Future FF91. (Photo: Faraday Future)Faraday Future expects the FF91 luxury vehicle to compete with brands such as Rolls-Royce, Volkswagen Group's Bentley, and Mercedes-Benz's MaybachReuters Last Updated:June 20, 2022, 14:34 ISTFOLLOW US ON:Faraday Future Intelligent Electric will be able to launch its FF91 luxury vehicle without the need for additional funding, Chief Executive Officer Carsten Breitfeld said on Wednesday in an interview with Reuters. Breitfeld added that the company would need to raise capital in…