EV Firm Faraday Future Doubtful Of Going Concern: Report - Faraday Future (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc FFIE said it had "substantial doubt" about continuing its operations.
The luxury electric vehicle company, Reuters reported, is also doubtful about the delivery of its FF91 luxury electric car.
The company said it ought to receive additional funds to finance operations and speed up production in the coming time.
Faraday Future's Q3 loss was $(103.4) million versus a loss of $(303.9) million last year.
The company held $78.5 million in cash and equivalents as of September 30, 2022.
The electric vehicle start-up's stock has plummeted 94% in 2022 so far, and it has been riddled with supply-chain snags and soaring costs of lithium and battery raw materials.
Price Action: FFIE shares are trading higher by 2.29% at $0.3480 in premarket on the last check Tuesday.
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