Faraday Future Review Finds Inaccurate Statements Made to Investors

e and that his involvement in the SPAC listing in July last year “was more significant than what had been represented.”

Faraday Future’s share price fell by 7.46% and closed at US$4.22 per share on Wednesday, setting its market valuation at US$1.369 billion. In less than one year, Faraday Future’s share price has slumped by nearly 70% from US$13.78 in July 2021.

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