Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment
TechCrunch LA
APRIL 30, 2019
The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more. Faraday has since sought alternative investment. It has also put its 900-acre, $40 million property in Las Vegas up for sale.
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