28 Mar '17, 12pm

Faraday Future May Be Shutting Down

Faraday Future May Be Shutting Down

Apparently that was correct. In November, Jia Yueting sent and almost tearful letter to investors admitting that the company had let its finances get out of control. “No company has had such an experience, a simultaneous time in ice and fire,” he said. “We blindly sped ahead, and our cash demand ballooned. We got over-extended in our global strategy. At the same time, our capital and resources were in fact limited.” Soon all those high priced executives started fleeing what was clearly a sinking ship.

Full article: http://gas2.org/2017/03/28/faraday-future-may-shutting/

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