Well if Palantir believes in this company i expect BIG things.
I’m going to be buying into this today.
100% utilization, 17% short interest, cost to borrow shares 320%+.
Got my attention.
What a fantastic day Faraday Futures had yesterday (5/7/2022). Huge Spike Big Profit.
The company posted an operating loss of $137 million for the second quarter, compared with $28 million for the year-ago period. Overall, its second-quarter financial report paints a grim picture.
With still no vehicle to sell and little near-term prospect for generating revenue, the company has warned several times this year that it is running out of money.
While I was surprised at just how bad the ride-along experience was, I should have expected many of the problems I experienced. After all, Faraday Future, the company behind the FF91, has flirted with bankruptcy so many times it’s hard to keep track.