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Originally Posted by Christopher Jordan
News today FWIW: Struggling LeEco gets $2.4 billion investment lifeline from Chinese real estate company
Other news is that China is selling more EVs than the rest of the world countries combined.
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They desperately need the money to pay their $300 million debt to finish their $1 billion factory. They already have 60,000 $5K reservations, for their (previously estimated $100-$200K) now $300,000 FF-91s.
Tesla Motors Inc (TSLA): Faraday Future to Cost More Than Tesla Motors Model X