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?