Faraday Future Intelligent Electric Inc (FFIE) Q3 2024 Earnings Call Highlights: Strategic ... [Yahoo! Finance]
Faraday Future Intelligent Electric Inc. - Class A (FFIE)
Company Research
Source: Yahoo! Finance
Faraday Future Intelligent Electric Inc ( NASDAQ:FFIE ) secured $30 million in new financing commitments from investors across the Middle East, United States, and Asia. The company achieved a significant reduction in operating expenses, declining 92.6% to $3.8 million compared to the prior year's quarter. FFIE successfully regained full NASDAQ listing requirements compliance and completed a reverse stock split. The company announced the launch of its second brand, Faraday X (FX), targeting mass market segments with planned models priced between $20,000 and $50,000. FFIE made progress in its Middle East expansion, establishing a regional headquarters in Ras Al Khaimah and signing agreements for a new facility. Faraday Future Intelligent Electric Inc ( NASDAQ:FFIE ) delivered only two FF 91 2.0 vehicles during the third quarter, bringing total deliveries to just 14 vehicles to date. The company ended the quarter with only $7.3 million in cash, highlighting ongoing financial
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FFIE
News
- First FX Prototype Mules Set to Be Shipped to FF’s U.S. Headquarters, Kicking Off the Product Development and Testing PhaseBusiness Wire
- Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver [Yahoo! Finance]Yahoo! Finance
- Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth DriverBusiness Wire
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025 [Yahoo! Finance]Yahoo! Finance
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025Business Wire
FFIE
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- FFIE's page on the SEC website