EV startup Faraday Future raises going concern doubt

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nichol...

November 22, 2022
5:02 AM

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File PhotoNov 21 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) said on Monday that it had "substantial doubt" about its ability to continue as a going concern after it reported lower cash reserves.The company said it had $31.76 million in cash as of the third quarter ended Sept. 30, down from $121 million at the end of the prior quarter.

Reuters