Faraday Future is in significant financial trouble and may not be able to hang on past February of next year. A lack of money has left the company unable to pay its bills and multiple lawsuits have been filed against it. It owes hundreds of millions of dollars.
Trouble within the company has been known for the past few months. It was reported in November that Faraday Future encountered a delay in building its Nevada manufacturing facility.
Buzzfeed, Jalopnik, and The Verge all claim the company is close to collapse due to its financial difficulties.
Faraday is supposedly going to unveil a production vehicle at CES. It presumably hopes to attract investors in January.
The company is backed by China's LeEco, which has reportedly taken some of Faraday's employees to work on its own vehicles.
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