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botsapper 09-24-2017 07:15 PM

Faraday Future loses the Nevada mega-gamble
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

elhigh 09-25-2017 08:40 AM

I don't think this development really surprises anyone. It's like Elio Motors except without the consumer-level scamlike shenanigans.

I say "scamlike" because I cannot definitively say "scam."

oil pan 4 09-25-2017 09:05 AM

Hahaha, they think going to California is going to save them. I guess they haven't been paying attention to all the well established businesses fleeing this sorry excuse for a state.
Final nail in the coffin.

rmay635703 07-07-2019 01:03 PM

Faraday Failure

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