Faraday Future is more of an automotive marketing company than it is an automaker. The company has been making unsubstantiated promises and ignoring its fiscal woes without giving much assurance that it will ever bring a production car — or assembly plant — into the real world. Problems have continued to mount and, like any deeply rooted zit, the situation is gradually coming to a head.
This month, Nevada State Treasurer Dan Schwartz demanded that the Governor’s Office of Economic Development conduct an audit of Faraday — throwing in Tesla for good measure. Schwartz has been critical of FF ever since it received government money to help build its factory, only to see work on the facility stalled due to nonpayment last fall. Faraday has since scaled back its construction plans, claiming that it was necessary to ensure production begins on schedule.
Now, FF’s primary backer, LeEco, is selling a 49-acre Silicon Valley property less than a year after purchasing it from Yahoo Inc. This comes after the company’s founder and CEO, Jia Yueting, explained to employees in November that LeEco was facing devastating financial issues stemming from its uncontrolled expansion. (Read More…)
Faraday Future had already broken ground on a sprawling $1 billion factory in North Las Vegas when a multi-million dollar late fee forced contractors to go on hiatus last November. Then, at CES 2017, the company announced the resumption of construction as the city’s mayor waved to the crowd — a physical manifestation of goodwill towards the company’s new promises.
What they did not say, however, was that the factory would be a fraction of the size as originally claimed, existing as a smaller-scale starter plant. Faraday is the automotive equivalent of Monty Python’s Black Knight. It continues to suffer horrendous blows that cripple its operational ability, all the while telling the world, “Tis but a scratch.” (Read More…)
Nevada, home to Tesla’s “Gigafactory,” is taking a different tack with its other soon-to-maybe-be electric vehicle producer, Faraday Future. To make sure its $215 million package of tax incentives and abatements actually creates a factory that will employ Nevadans, the state has levied a number of conditions on Faraday, which includes putting up millions of dollars to develop the future 18,000-acre Apex Industrial Park site the company will call home.
You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer instead of a cab ride.
That, and Subaru is turning production up to “11,” Hyundai was hit hard in China and Nevada’s rolling the dice on electric cars … after the break.
We are now leaving in our path beautiful Monument Valley to drive through Arizona and arrive in Las Vegas, Nevada. A very different official Top 5 best-selling models than the entirety of the dozen states we have just crossed, some crazy Vegas vehicles, the traditional car landscape analysis and all the things you didn’t think you needed to know about the state of Nevada are below.
A week after the announcement, and through two days of deliberation by the state legislature, Nevada governor Brian Sandoval signed into law September 11 the $1.25 billion tax package that won over Tesla enough to bring its Gigafactory to the Silver State.
After months of wondering as to where Tesla’s massive Gigafactory would end up, an answer could come as soon as 4 p.m. Mountain, when Nevada Governor Brian Sandoval and the automaker plan to hold a joint press conference in Carson City.
Last year, Nevada was the first state to legalize driverless cars – in a way. The law stipulated that Nevada’s Department of Transportation “shall adopt regulations authorizing the operation of autonomous vehicles on highways within the State of Nevada.” Probably hoping that this would take a while. The Department worked overtime and finished the regulations in eight months. The Nevada Department of Motor Vehicles announces:(Read More…)
Careful when transiting Nevada by car: Soon, there can be driverless cars on the roads of the desert state, legally. Nevada passed Bill 511 (full text here) that lays the framework for autonomous vehicles.
For instance, the bill authorizes the Nevada DMV to come up with rules for driverless cars. Just think of it: Will you need a driver’s license to operate a car that needs no driver? (Read More…)