Archive | faraday future

‘Accidental Billionaire’: How The Outlandish Ambition Of Faraday Future’s Financier Brought The Startup To Its Knees 

In Rancho Palos Verdes, an affluent suburb of Los Angeles, there’s a 7,800 square foot mansion that sits atop a picturesque bluff, offering sweeping views of the Pacific Ocean. Across two stories, the home contains six bedrooms, seven bathrooms, a three-car garage, and privacy. Google Maps doesn’t offer a streetview…Read more… Continue Reading at http://kotaku.com

Continue Reading

Jaguar Land Rover Parent Company Denies Investing $900 Million In Faraday Future

Well, that ended quickly. After Faraday Future spent last week firing the first shots in an unusual spat with its now-former chief financial officer, rumors emerged that Jaguar Land Rover parent company Tata Motors had invested $900 million in the electric car startup. The timing seemed highly suspect, and now Tata is…Read more… Continue Reading […]

Continue Reading

Jaguar Land Rover Parent Company Won’t Say If It’s Investing $900 Million Into Faraday Future

After launching a very unusual public spat with its now-former chief financial officer, Faraday Future has reportedly received a $900 million lifeline from Indian automaker Tata Motors, which perhaps most famously now owns Jaguar Land Rover. The timing of such a significant investment from Tata would be stunning…Read more… Continue Reading at http://jalopnik.com

Continue Reading

Faraday Future Accuses Ex-CFO Of ‘Malfeasance’ During His Tenure In Bizarre Statement

The saga of would-be world-beater electric car startup Faraday Future got weirder than usual this week, and this evening it escalated further. Just hours after FF’s ex-chief financial officer Stefan Krause confirmed he quit in October, the startup publicly accused him of “malfeasance” in a bizarre statement and…Read more… Continue Reading at http://jalopnik.com

Continue Reading

Faraday Future’s CFO Actually Resigned On Oct. 14

On Thursday, Jalopnik reported that Faraday Future’s chief financial officer, BMW and Deutsche Bank veteran Stefan Krause, appeared likely to leave the company in the coming days. As it turns out, we have since learned Krause is already gone. His resignation was effective immediately on Oct. 14.Read more… Continue Reading at http://jalopnik.com

Continue Reading

CFO Brought On To Get Faraday Future On Track Apparently Headed For The Door After Eight Months 

Just eight months after joining the company to help it “secure a sustainable path forward,” Faraday Future’s chief financial officer, Stefan Krause, appears to be likely headed for the exit door in the coming days, multiple people familiar with the matter told Jalopnik. A decision could come as early as Tuesday,…Read more… Continue Reading at […]

Continue Reading

Faraday Future Says Someone Faked Documents To Suggest It’s Planning Bankruptcy 

The saga of Faraday Future is full of weird twists and turns—and the last several weeks for the company have been no different. In the last month alone, FF has reportedly taken steps to prepare to file for bankruptcy, and has also scaled back its product plans from six vehicles to just one, the futuristic […]

Continue Reading