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Faraday Future undergoing reverse stock split after reporting $124M net loss in Q2

Faraday Future, the company producing a 1,000 horsepower electric vehicle at a former tire plant in Hanford, announced they will be going through a reverse-stock split that could bring the ....

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Iov: The new technology that is making cars easier for criminals to steal, or crash, ET Auto

The "Internet of Vehicles" (IoV) envisions connected cars exchanging data for safer, efficient transport. Yet, IoV s expansion brings theft and cyber threats. Innovations like "zero trust" safeguards and user awareness are vital to secure this transformative technology. ....

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Faraday Future interim CFO resigns, firm to restate certain financial reports, ET Auto

Faraday Future Intelligent Electric announced the resignation of its interim finance chief and stated it would restate its financial statements for 2022 and the quarter ending March 2023 due to certain errors. Analysts claim the restated financials should not affect the company s delivery timeline; the company has suffered from a governance dispute with one of its largest shareholders, FF Top, and a cash crunch. ....

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