Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) shares are rising Wednesday. The company announced the launch of a development phase after its first FX prototypes arrived at its headquarters.
What To Know: After the market close on Tuesday, Faraday Future announced that its first FX prototype mules arrived at its headquarters in China, marking the official launch of the development and testing phase for the model.
"The shipment marks the beginning of the journey where FX and its collaboration partners set sail toward the U.S. AIEV blue ocean market," said Max Ma, Global CEO of FX.
"This will further solidify the foundation for FX to achieve its strategic goal of rolling off its first vehicle by the end of 2025. Next, we will start a series of tests in the U.S. to create an AIEV with an extreme price-experience ratio."
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.
In the case of Faraday Future, which is trading at $1.27 as of publishing time, $100 would buy you 78.74 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: Faraday Future shares were up 11.8% at $1.42 at the time of publication Wednesday, according to Benzinga Pro.
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Photo: courtesy of Faraday Future.
