Faraday Future Delays Deliveries, Plans Reverse Stock Split To Stay Listed On Nasdaq | Carscoops

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Faraday Future Delays Deliveries, Plans Reverse Stock Split To Stay Listed On Nasdaq | Carscoops
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Faraday Future continues to struggle as the second phase of FF 91 deliveries has been delayed due to an issue with a supplier car auto cars

If you thought Faraday Future’s problems would end when the FF 91 finally went into production, you were sadly mistaken as the company continues to falter.announced plans to push back Phase 2 deliveries until August. These are for “Futurist Product Officers” and deliveries were originally slated to begin at the end of the second quarter.

”Faraday Future didn’t go into detail, but said the delay is “due to a supplier’s timing constraints and the completion timing of an additional system testing related to the company’s enhanced safety testing of a single unique product feature of theThe delay isn’t the only disappointing development as Faraday Future’s Board of Directors has approved a proposal for a reverse stock split.

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