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Faraday Future is back with another wild EV that probably will never get made

Ask anyone who’s familiar with EV startups what Faraday Future is, and words like vaporware or severely delayed might come to mind. That’s because, in the brand’s 11-year existence, it has seemingly overpromised and under-delivered on nearly everything it has ever announced. As reported by Autoweek, it has sold less than 20 of its luxury FF 91 full-size EVs since it debuted two years ago — mostly to investors and celebrity influencers. Last week, Faraday revealed its latest model, the FX Super

Faraday Future faces potential SEC enforcement action after three-year probe

The Securities and Exchange Commission (SEC) has sent letters to Faraday Future founder Jia Yueting and president Jerry Wang, alerting them that they may soon face enforcement actions from the agency as the result of a three-year fraud investigation. The letters, known as “Wells Notices,” state that the commission’s staff has made an internal determination to recommend an enforcement action against the electric vehicle company, the two executives, and two former employees who weren’t named, acc