[llninja]

The ff.com website has been revamped with all sorts of new stuff, and Tuesday night is an unveiling. I'm hoping instead of 1 car, they can pull off 3 prototypes. That would give tesla and GM a little run for their money. We need one of the big 3 to go all in on electrification. I don't think faraday can do this alone, but if they can create the drivetrains and supply them to anyone OEM who wants one, then the OEMs can slap their body onto the drivetrain and provide distribution, service, etc.

 

[Kraven]

Thought FF was cash poor and going bye bye?

 

[Henry_FL]

Thought FF was cash poor and going bye bye?

They are pure vaporware, never see production

 

[Kraven]

They are pure vaporware, never see production

Agreed based on articles I've read about them. Not sure what they are unveiling or what their capabilities to move forward are.

 

[llninja]

Agreed based on articles I've read about them. Not sure what they are unveiling or what their capabilities to move forward are.

Based on how well the media handled the election, I've stopped believing anything I read out there. I guess I'm more of an optimist when it comes to this kind of stuff. Plus 2.5 decades of working in the high tech industry, I fully understand and have lived through the perils of product releases. When you are inventing history, it never goes smoothly. But calling it quit after missing your first deadline just isn't a good idea. Let's see what happens on Tuesday. I think the race is now whether they can beat Tesla's model 3 out of the gate.

 

[somms]

 

[KenC]

Everyone can believe whatever they want...

...that's their right, but Faraday's owner has admitted to being financially strapped and having to borrow, PERSONALLY, against his shares, in his primary company, in order to fund projects like Faraday. $600M, his recent borrowings against his equity, won't last long. Believe me, this won't end well. His primary company LeTV is a ripoff of Netflix, and Faraday is clearly aping Tesla. What track record convinces you they can do anything innovative?

(edit)

Forgot to add, Faraday's owner had a margin call because his shares have gone downhill and he borrowed against them. It's a house of cards. How many entrepreneurs used puffed up financials in one company to borrow to finance another company? You do know that Chinese company financials are very shaky and shouldn't be believed.

 

[llninja]

...that's their right, but Faraday's owner has admitted to being financially strapped and having to borrow, PERSONALLY, against his shares, in his primary company, in order to fund projects like Faraday. $600M, his recent borrowings against his equity, won't last long. Believe me, this won't end well. His primary company LeTV is a ripoff of Netflix, and Faraday is clearly aping Tesla. What track record convinces you they can do anything innovative?

(edit)

Forgot to add, Faraday's owner had a margin call because his shares have gone downhill and he borrowed against them. It's a house of cards. How many entrepreneurs used puffed up financials in one company to borrow to finance another company? You do know that Chinese company financials are very shaky and shouldn't be believed.

Didn't Elon Musk do something similar? I remember seeing a 60 minutes episode where Elon explained that his companies were all on their last leg, SpaceX ran out of money, Tesla ran out of money, he needed to sink his own personal funds in, and just in time the Government awarded SpaceX a contract.

But I agree, Chinese companies and the government are filled with corruption, unscrupulous activities, and downright stealing. I'm staying away from any direct investments into Chinese companies. It will be interesting to see what happens with Trump, Taiwan, and even Hong Kong in the next few years. This is Capitalism and Communism about to go head to head. I hope it doesn't end up like Firefly, where the Americans lose, an alliance is created, and we all start cursing in Chinese. If you haven't seen this show, it is a must-see.