Tell you what, bagholders...I will leave this board forever if all of you can tell me how FFIE will pay their bills and manufacture cars.

$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Let's start with the facts first. They have $2 million in cash only, $2 million is restricted.

They burned $450 million last year. That puts burn rate around $1.2 million a day.

They have to pay employees, rent, debt payments, and materials to build cars.

They removed guidance and have no deliveries at all coming up.

The starting price for the car they can't build is $310,000 for the base model.

Where does the money they do not have come from to do anything after next week.

2 million dollars will last a couple of days at best....

So let's see how smart you think you are....

I want facts not imagination.....last time they needed money was 2023 they sold 500 million in a new share dillution...

No bank is giving them a loan with no collateral..

This is why FFIE issued a bankruptcy concern this week after earnings....

Plus, you are not over $1, so a reverse split will happen...or nasdaq boots them to pink sheets....

Where are they getting 500 million dollars

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

853 Views

Comment

I’m a full-time options trader with a return of 17,500%. I typically do swing trades short term. I teach classes.

945Followers

3Following

7591Visitors