Faraday Future Raises $135M in Financing, Shares Surge 30% Pre-Market on Monday.
February 8, 2023
Trending News ☀️
Faraday Future Intelligent ($NASDAQ:FFIE) Electric is an innovative electric vehicle company based in California. It is the brainchild of a group of engineers, designers and entrepreneurs who share a vision that the future of mobility is electric. This funding will be used to support the commencement of production of the FF 91 Futurist, the company’s all-electric flagship product. The FF 91 Futurist is designed to provide a unique driving experience with its advanced technologies, including advanced driver-assistance systems, intelligent powertrain systems, and a zero-emission powertrain. Faraday Future’s commitment to the electric vehicle market is evident from the success of its products. Faraday Future’s mission is to create a zero-emission future through its intelligent electric vehicles.
It has created a platform for the development of vehicles that are designed to provide a safer, more efficient and sustainable driving experience. The company has raised significant funds to support its growth and has plans to expand its operations into other markets. Faraday Future’s premarket surge of over 30% on Monday is indicative of the investor confidence in the company and its mission. This financing will enable the company to commence production of its flagship FF 91 Futurist and will be used to further develop its products and services. With the support of this funding, Faraday Future has the potential to become a major player in the electric vehicle market.
Market Price
At the time of writing, the news was mostly positive, giving investors a reason to be optimistic.
However, FFIE’s shares didn’t keep up with the positive sentiment when the market opened. Despite the good news, FFIE’s stock opened at $1.3 and closed at $0.8, plunging by 26.6% from its prior closing price of $1.1. This was despite an overall positive performance of the stock over the past few days. It could be due to some investors taking the opportunity to realize profits from the stock after the surge in share prices pre-market. It could also be due to market uncertainty or lack of faith in the company’s future prospects. It remains to be seen if FFIE’s stock will recover from this slump. The company’s newly raised funds could prove to be beneficial for investors in the long run, as it will provide them with more stability and access to new opportunities. Furthermore, with the money, FFIE may be able to implement new strategies and technologies that could help it achieve success in the future. Until then, investors will have to wait and see how FFIE’s stock fares in the coming days and weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FFIE. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -482.47 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FFIE. More…
| Operations | Investing | Financing |
| -457 | -170.52 | -41.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FFIE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 540.68 | 253.36 | 0.7 |
Key Ratios Snapshot
Some of the financial key ratios for FFIE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | -99.6% | -54.2% |
Analysis
GoodWhale is a great platform to analyze the financials of FARADAY FUTURE INTELLIGENT ELECTRIC. After assessing the company’s financials, GoodWhale gave it a medium risk rating, indicating that it could be a suitable investment for some, but caution should be taken before investing. GoodWhale also detected two risk warnings on the balance sheet, one related to financial and the other non-financial. FARADAY FUTURE INTELLIGENT ELECTRIC is an up and coming electric vehicle company that has been making strides in the industry. Despite this, investors should remember to do their own due diligence and consult experts before investing in such a high-risk venture. GoodWhale can help potential investors assess the financials of FARADAY FUTURE INTELLIGENT ELECTRIC, however, it’s important to remember that GoodWhale is not a financial advisor and should not be relied upon as the sole source of information. GoodWhale’s Risk Rating is based on in-depth analysis of FARADAY FUTURE INTELLIGENT ELECTRIC’s financials, as well as non-financial factors. These include comparing trends in the company’s income statement and balance sheet, assessing the quality of its management team, analyzing its business model, and looking at its competitive landscape. GoodWhale also uses various risk indicators to detect any potential warning signs. In conclusion, GoodWhale can be a useful tool for assessing FARADAY FUTURE INTELLIGENT ELECTRIC’s financials. However, investors should always conduct their own research and seek professional advice before investing in any company. By registering on GoodWhale’s website, investors can access more detailed information on FARADAY FUTURE INTELLIGENT ELECTRIC. More…
Peers
The competition in the electric vehicle market is heating up as companies jockey for position. Faraday Future, BAIC BluePark New Energy Technology Co Ltd, SAIC Motor Corp Ltd, and Arrival are all vying for a share of the market. Each company has its own strengths and weaknesses, and it will be interesting to see how the competition plays out.
– BAIC BluePark New Energy Technology Co Ltd ($SHSE:600733)
BAIC BluePark New Energy Technology Co Ltd is a Chinese state-owned enterprise and one of the largest automakers in China. The company has a market cap of 25.81B as of 2022 and a Return on Equity of -31.42%. BAIC BluePark New Energy Technology Co Ltd manufactures and sells electric vehicles and batteries. The company also provides vehicle financing, leasing, and fleet management services.
– SAIC Motor Corp Ltd ($SHSE:600104)
SAIC Motor Corp Ltd is a Chinese multinational automotive manufacturing company headquartered in Shanghai, China, with over 80,000 employees. The company sells passenger cars, trucks, buses and coaches under the SAIC, MG, Roewe and Maxus brands. In 2016, SAIC Motor had the largest sales volume of any Chinese automaker and the seventh largest sales volume worldwide.
The company has a market cap of 164.04B as of 2022 and a ROE of 7.19%. SAIC Motor is one of the leading automakers in China and is quickly expanding its reach globally. The company is committed to innovation and providing quality products and services to its customers.
– Arrival ($NASDAQ:ARVL)
Arrival is a technology company that designs and manufactures electric vehicles. The company has a market cap of $485.12 million and a return on equity of -6.58%. Arrival was founded in 2015 and is headquartered in London, United Kingdom.
Summary
However, at the time of writing, the news has not yet had a significant impact on the stock price, as it has moved down slightly since then. For investors interested in Faraday Future, it is important to consider the long-term potential of the company, as well as its current financial position. Additionally, potential investors should research the company’s competitive landscape and its track record to gain an understanding of its prospects.
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
