Faraday Future Unveils Fully-Functional FF 91 Electric Vehicle
April 18, 2023
Trending News ☀️
Faraday ($NASDAQ:FFIE) Future, a company dedicated to developing intelligent electric vehicles, has recently unveiled its fully-functional FF 91 electric vehicle. The FF 91 is the first of its kind and has been crafted to provide the highest-level of luxury, convenience, and performance. It is the first electric vehicle designed with Faraday Future’s patented Variable Platform Architecture (VPA), which allows for an unprecedented level of customization and scalability.
Additionally, the FF 91 is equipped with advanced safety features and an array of integrated technologies that make it a truly future-forward car. By investing in electric vehicle technology and research, Faraday has created a revolutionary platform based on clean energy and smart mobility. Their mission is to build an ecosystem of connected, intelligent, and autonomous vehicles that offer consumers a better way to get from place to place. The FF 91 is the first step towards their vision, a vehicle that elevates the user experience and expands the boundaries of what’s possible in electric vehicles.
Price History
On Monday, FARADAY FUTURE INTELLIGENT ELECTRIC (FFIE) unveiled its first fully-functional electric vehicle, the FF 91, a luxury SUV that is expected to challenge the status quo in the EV industry. Not only is this the first car from the company, but it is also the world’s first EV that has been designed from the ground up. After the announcement, FFIE’s stock opened at $0.3 and closed at $0.3, down by 3.6% from the prior closing price of 0.3.
In addition, the design of the FF 91 is sleek and stylish and features a range of luxurious details. Overall, FFIE has made a bold step in the EV industry with its unveiling of the FF 91. It is clear that this car is set to disrupt the market and provide customers with an exceptional experience. 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 | -552.07 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FFIE. More…
| Operations | Investing | Financing |
| -383.06 | -123.22 | -6.72 |
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 |
| 510.29 | 327.54 | 0.31 |
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 |
| – | -143.8% | -66.2% |
Analysis
GoodWhale can help you analyze the fundamentals of FARADAY FUTURE INTELLIGENT ELECTRIC with in-depth research and data. Through our Risk Rating system, we rate FARADAY FUTURE INTELLIGENT ELECTRIC as a high risk investment in terms of financial and business aspects. We have identified 1 risk warning in its cashflow statement, so if you would like to learn more about this company, consider becoming a registered user and checking out what we have found. Doing your due diligence can help you make more informed investment decisions. 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
FARADAY FUTURE INTELLIGENT ELECTRIC has recently completed the building of its first production FF 91 vehicle, but this news had no positive impact on the company’s stock price. Investors have been wary of the company due to its lack of financial resources and production delays. The company is currently in a restructuring process, which may affect its ability to continue operations.
In the near term, investors should be cautious when considering investing in FARADAY FUTURE INTELLIGENT ELECTRIC as the future outlook of the company is uncertain. Long term investors may consider investing in the company if they are willing to take on significant risk and can tolerate potential losses.
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