faraday future

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

Transportation /

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-long fraud investigation. The letters, known as “Wells Notices,” state that the commission’s staff has made an internal determination […]

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

Faraday Future founder named co-CEO three years after being sidelined by internal probe

Transportation /

Troubled electric vehicle startup Faraday Future’s board of directors has appointed founder Jia Yueting as the company’s co-CEO, three years after he was sidelined following an internal probe into allegations of fraud — a probe that led to a investigation by the Securities and Exchange Commission that remains ongoing. Jia will serve alongside current CEO

Faraday Future founder named co-CEO three years after being sidelined by internal probe Read More »

Tesla’s Robotaxi reveal, Palantir owns some of Faraday Future, and the Strava for EVs

Transportation /

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual host Kirsten is out on vacation, but she didn’t leave without writing up This Week’s Wheels. But for the rest, you’ve got me, Rebecca Bellan,

Tesla’s Robotaxi reveal, Palantir owns some of Faraday Future, and the Strava for EVs Read More »

Palantir now owns nearly 9% of EV startup Faraday Future — here’s why

Transportation /

Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission. The data-mining company was granted more than 800,000 shares in the EV startup on October 2 “as payment for certain outstanding receivables” — the equivalent of roughly $2.4 million judging by Faraday

Palantir now owns nearly 9% of EV startup Faraday Future — here’s why Read More »

Faraday Future gives CEO and founder raises and bonuses after delivering 13 cars

Transportation /

Faraday Future is doling out big raises and bonuses to its CEO as well its founder, despite having delivered just 13 cars in its 10-year history, and recently laying off or furloughing the majority of its workforce. The company announced in a regulatory filing Wednesday that CEO Matthias Aydt’s salary is getting bumped from $400,000

Faraday Future gives CEO and founder raises and bonuses after delivering 13 cars Read More »