Faraday Future is a mobility and technology company that specializes in developing electric vehicles, Faraday Future’s financial results for the fiscal year ended on December 31, 2020, were unaudited, revealing a net loss of $182.4 million and revenue of $27.1 million. The company attributes the loss to the high costs associated with research and development, as well as general and administrative expenses.
Moreover, the article states that Faraday Future’s management team is seeking funding to support the company’s operations and growth plans. Additionally, the company has entered into agreements with suppliers to assist in the production and delivery of its electric vehicles.
The article provides an overview of Faraday Future Intelligent Electric Inc’s financial status and future plans for growth. Its intended audience is potential investors and other interested parties who may consider investing in the company.