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LeEco financial

Faraday’s Financial Future Already Bleak

Last updated: Oct 23, 2019 at 11:56AM
Published on: Nov 11, 2016 by tgriffith

faraday_future

Faraday Future mysteriously stormed into the U.S. market promising a new breed of electric car that would upend Tesla.

It unveiled a supercar concept and has teased a coming crossover. It has broken ground on a $1 billion factory in Nevada. Curiously, the company has never sold, or even produced, a single production-worthy automobile.

Now its parent company, China-based LeEco, has sent a dire warning to employees that it’s having financial troubles and needs to cut costs.

Could Faraday’s Future be over before it even begins?

Continue reading >>>

Filed Under: Domestic Cars, General Chat, Green Updates, New Cars, United States Tagged With: Car Minded, Electric Vehicles, faraday financial future, faraday future, Faraday Future crossover teaser, LeEco financial

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