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Faraday Future, an electric vehicle startup, has been in the spotlight recently due to its share price surge and subsequent withdrawal of production outlook. The company reported selling only a few cars in 2023, with revenue of $784,000 and a net loss of $431.7 million. Faraday's Q4 2023 earnings revealed a total cumulative negative free cash flow of $1.3 billion as of December 2023.
$FFIE (-31.6% pre) Faraday Future Receives Anticipated Letter from Nasdaq Regarding Form 10-Q - BW https://t.co/A5trCKVIiv
Faraday Future shares crash 38% as company revokes 2024 production outlook https://t.co/70h58l5Z2J https://t.co/qx1HXs84SV
$FFIE | Is Faraday Future Meme Stock Material? Reddit Army Charges In As EV Maker Faces SEC Heat, Reveals Bleak Results: 'Hold The Fort! Don't Panic!' Faraday Future's annual report for fiscal year 2023 showed a revenue of $0.8 million, significantly below analyst estimates of… https://t.co/mvjdRaYLu3
