Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher Friday. The company announced it has begun the second phase of FF 91 delivery with a delivery to one of the company's retail investors.
What To Know:
Faraday Future's chief product officer, YT Jia, released video clips on YouTube announcing the restart of deliveries with the company's first delivery of a FF 91 to a retail investor. Jia said that the resumption of deliveries could be a "turning point" for the company.
The video laid out three goals for the company including securing strategic investment, increasing production capacity and implementing its U.S.-China Bridge strategy for the auto industry.
Faraday Future's YouTube video messages come amid another surge in GameStop shares after Keith Gill scheduled a livestream on the Roaring Kitty YouTube channel at 12 p.m. ET Friday. Faraday Future stock has moved with Gamestop in recent sessions due to high-interest from retail investors and excitement surrounding the "meme stock" revival could be contributing to the move in Faraday Future.
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How To Buy FFIE Stock:
By now you're likely curious about how to participate in the market for Faraday Future – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Faraday Future, which is trading at $0.61 as of publishing time, $100 would buy you 163.93 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
FFIE Price Action: According to Benzinga Pro, Faraday Future Intelligent Electric shares are up 25.26% at 68 cents at the time of publication Friday.
Image: Courtesy of Faraday Future Intelligent Electric, Inc.