Friday, December 22, 2017

Faraday Future Reportedly Raises $1 Billion In Funding

Los Angeles-based Faraday Future, the troubled electric car maker, has reportedly raised $1 billion in new funding, according to a Chinese publication. The company has not announced the alleged funding round in the United States, and there has been no additional confirmation of the funding. Faraday Future recently lost its chief designer, along with three other key executives, and employees apparently had stopped showing up for work sometime in November. The Chinese report claims that employees received the news about the funding on December 13th.