Faraday Future still hasn’t built a car and already its death watch has begun.
Premature death isn’t necessarily uncommon or unprecedented in the auto industry. Starting a car manufacturing business is one of the hardest endeavors to begin because of the outrageous costs of entry, strict government regulations, and long timeline to profitability.
Many of the new car companies that have been attempted eventually fail. It’s a sad truth, and we’ve lost some exceptional innovation in the last century of auto manufacturing.