Future’s End? Faraday Future Warns of Production Delays

futures end faraday future warns of production delays


It’s hard starting a car company. Just ask Elon. Or Steve Burns from Lordstown. Sir James Dyson would also like a word. Nevertheless, plenty of businesspeople continue down a path that is alluring but certainly tilted in favor of financial annihilation. Faraday Future is on that list, following a recent warning from the company about missed production dates if they don’t raise more moolah.


The EV startup company, based in – where else? – California had been planning to begin cranking out copies of its FF 91 crossover-type vehicle sometime this summer. July, to be exact. With the end of this month rapidly approaching, suits at FF have reportedly pushed that date into Q3 or even Q4 of this calendar year. Specifically, in a form filed with the SEC just yesterday (July 25th), spox for Faraday Future said "Due to recent supply chain issues, start of production and first deliveries of the Company's FF 91 flagship electric vehicle in the United States are now expected to commence in the third or fourth quarter of 2022."


Alright, fine. Supply chains are a headache for all automakers these days, so it’s difficult to be too hard on Faraday Future for this hiccup. However, the filing went on to say there may be more to the matter than global supply chain crunches.


"The company needs additional cash to commercially launch the FF 91 and is currently seeking to raise additional capital to fund its operations through December 31, 2022."


In other words, they need an infusion of cheddar in order to keep the lights on.



Remember, when the company was founded way back in 2014, they set an initial production date for the FF 91 as early as 2018. Alert readers will note that the deadline passed four years ago. There has also been drama worth of high school playing out in the boardroom, with noted outlets like Bloomberg reporting a raft of disagreements taking place in various and sundry corner offices. Allegedly, money to the tune of $100 million had been offered by a group of shareholders in exchange for the resignation of its director, a proposal which was apparently rebuffed. Perhaps the person at the head of the table should have taken one for the team.


Our man Posky wrangled many of the notable twists in the Faraday Future gestation earlier this year, and his post remains on our recommended reading list for anyone seeking to understand the sinewy route FF has taken to get where it is today. As for now, it’d seem like all hands are searching company couches for spare change.


[Images: Faraday Future]


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  • Redapple2 Redapple2 on Jul 27, 2022

    What was that 3 wheeled thingie?

    That never showed up either.

    PS- I dont think Rivian is a done deal even for the mid-long term (4-5 yrs)

    • ScarecrowRepair ScarecrowRepair on Jul 27, 2022

      Elio? I paid $1000, figured it was worth the risk for a cheap commute vehicle. Might even have tried some road trips. Regret the car never coming to production, don't know if they could have maintained that low price, but don't regret giving it the chance.

  • Cprescott Cprescott on Jul 28, 2022

    Can't believe this thing is still lingering.

  • DenverMike When was it ever a mystery? The Fairmont maybe, but only the 4-door "Futura" trim, that was distinctively upscale. The Citation and Volare didn't have competing trims, nor was there a base stripper Maxima at the time, if ever, crank windows, vinyl seats, 2-doors, etc. So it wasn't a "massacre", not even in spirit, just different market segments. It could be that the Maxima was intended to compete with those, but everything coming from Japan at the time had to take it up a notch, if not two.Thanks to the Japanese "voluntary" trade restriction, everything had extra options, if not hard loaded. The restriction limited how many vehicles were shipped, not what they retailed at. So Japanese automakers naturally raised the "price" (or stakes) without raising MSRP. What the dealers charged (gouged) was a different story.Realistically, the Maxima was going up against entry luxury sedans (except Cimarron lol), especially Euro/German, same as the Cressida. It definitely worked in Japanese automaker's favor, not to mention inspiring Lexus, Acura and Infiniti.
  • Ronnie Schreiber Hydrocarbon based fuels have become unreliable? More expensive at the moment but I haven't seen any lines gathering around gas stations lately, have you? I'm old enough to remember actual gasoline shortages in 1973 and 1979 (of course, since then there have been many recoverable oil deposits discovered around the world plus the introduction of fracking). Consumers Power is still supplying me with natural gas. I recently went camping and had no problem buying propane.Texas had grid problems last winter because they replaced fossil fueled power plants with wind and solar, which didn't work in the cold weather. That's the definition of unreliable.I'm an "all of the above" guy when it comes to energy: fossil fuels, hydro, wind (where it makes sense), nuclear (including funding for fusion research), and possibly solar.Environmental activists, it seems to me, have no interest in energy diversity. Based on what's happened in Sri Lanka and the push against agriculture in Europe and Canada, I think it's safe to say that some folks want most of us to live like medieval peasants to save the planet for their own private jets.
  • Car65688392 thankyou for the information
  • Car65688392 Thankyou for your valuable information
  • MaintenanceCosts There's no mystery anymore about how the Japanese took over the prestige spot in the US mass market (especially on the west coast) when you realize that this thing was up against the likes of the Fairmont, Citation, and Volaré. A massacre.
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