The financially troubled electric car start-up Faraday future has severed its agreement with Nevada. It has backed-out of the state's tax deal and has given up the land it attempted to build a megafactory. Faraday Future sent a check for $16,200 to repay monies it had already received from Nevada. The company had large ambitions but they had setback after setback. Their factory do-over plan is what the company needs to get things in order and get a car to the EV market. 2018 will be Faraday Future's "make it or break it" year.
Faraday Future's Nevada Factory Plans Officially Dead - Motor Trend