Between 2020 and 2021, a wave of EV startups went public through Special Purpose Acquisition Companies (SPACs), attracting investors with bold promises of rapid production timelines and revolutionary technology....
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Faraday Future operates in the EV segment, which is forecast to expand rapidly over the next decade. But is the penny stock a good buy?
Could another deal in the EV industry be a positive sign for Faraday's future?
Investors have lost patience with EV companies.
EQNX::TICKER_START (NYSE:KULR),(NYSE:PII),(NASDAQ:FFIE),(NASDAQ:WKHS),(NASDAQ:VLCN),(NASDAQ:DOOO) EQNX::TICKER_END
While a short squeeze contributed to a dramatic rise in FFIE stock, an utter implosion seems the most plausible outcome.
Faraday has begun deliveries of its $300,000 EV rocket ship.
The electric-truck maker faces a grueling uphill battle.
The market wasn't comforted by the company's major piece of financial engineering.
The company made strides toward becoming a more viable business.