Faraday Future Intelligent Electric Inc.made several announcements recently, and shareholders of the electric vehicle maker weren’t pleased about them.For one, the Gardena-based carmaker said it was planning a reverse stock split. The split is designed to push up the price of the stock, thereby helping Faraday get in compliance with Nasdaq’s requirement that shares trade for more than $1 – a benchmark Faraday’s stock is well below.
Faraday Future, the company producing electric cars at a 1 million-square-foot facility in Hanford, began the first stage of launching their electric vehicle Wednesday.
Faraday Future, the electric car company that began producing vehicles at a 1 million square-foot facility in Hanford at the end of March, has reportedly generated over $6 million in
Faraday Future, the company producing electric cars in an over 1 million-square-foot factory in Hanford, announced that they would be delaying the deliveries of their vehicles.