It appears that, contrary to some rumors and speculation, Faraday Future is not Apple in disguise.
In recent weeks Faraday has hired a former Toyota executive to lead exterior design, while the Nevada treasurer began to question how the upstart electric carmaker will finance a $1 billion factory and deliver on its promise to help turn Nevada into an electric-vehicle production hub. (Tesla, of course, is building its Gigafactory there.)
Nevada has reason to be concerned, because the state has promised tax benefits and infrastructure improvements. Faraday’s failure would be a giant gambling loss for Nevada, a possibility that would seem less likely if Apple had control of the reins.
The Apple plan, meanwhile, seems to be delayed.