Faraday's future farce upgrades: Lao Jia regains the board of directors, the car has not been created yet

I now deeply doubt that Boss Jia Yueting Jia chose the wrong runway. If he did not go to build a car alone, he continued to run LeTV Film, and now he may have already known as Hollywood.

why? Because since he "Run" in the United States in 2017, more than five years have passed, the car has not been created, but the palace fighting drama around the car building is more exciting than the season, and Hollywood screenwriters are ashamed.

This is not the latest plot that Faraday's future board of directors seized power ended. Old Jia recaptes power, and the company melted to $ 100 million, but this year's car still could not mass production.

This feeling is so wonderful that you think he is going to build a car when he goes out of the United States. In fact, he does go to build a car, but except for the car, no other things do not do.

The Board of Directors seize power war

There are not many times to write Faraday this year. In order to prevent everyone from forgetting important plots, I will help you review it first.

In 2016, LeTV broke the thunder. In 2017, Boss Jia ran away from the United States to continue the car. So far, it has not returned. He built the first car FF91. After the appearance of the year, he had been waiting for mass production.

However, Boss Jia was lacking in money. In 2018, he waited for Xu Jiayin Evergrande, but later the two of them made trouble. Later, Boss Jia almost got a strategic investment of 2 billion yuan in State -owned assets in Zhuhai, but all ended without illness.

Boss Jia did not give up and continued to raise money. Finally, in July 2021, he landed on Nasdaq by backdoor listing, merged 1 billion US dollars, and claimed that FF91 would be energy -produced one year later.

However, in 2022, not only did the car not built, but the company's stock price plummeted. Employees believe that the company's downhill is mainly the chairman of the board of directors and executive chairman Susan Swenson.

Because of her various negligence, malfeasance, discharge of due diligence, improper behavior, misunderstanding, improper gain, the company's reputation was severely damaged, budget overrun, cost out of control, and the FF91 delivery continued to delay.

At the end of August, Faraday's future employee representatives issued a petition, asking the board of directors to relieve the two positions of the executive chairman and chairman of the board of directors of Susan Swenson, and held a shareholders' meeting to dismiss their directors.

FF TOP, the largest shareholder of Farage, on behalf of Boss Jia, also submitted a attorney to the US SEC, and then filed a lawsuit to the court, demanding that Susan Swenson and director Brian Krolicki.

Farage's future management also publicly stated that the company's efforts to raise funds for FF91 have been affected by error information that has been completely unfounded. Some directors have pushed the company into unnecessary bankruptcy for personal interests. threaten.

Hmm ... Anyway, a car -making project has developed in the direction of the criminal investigation drama, and his eyes are about to make a lives. Fortunately, after a series of petitions, litigation and multi -party games, the internal fighting of the board of directors and shareholders settled on September 26.

Faraday announced on the same day that it has reached a comprehensive solution on governance differences and the largest shareholder FF TOP. The two directors mentioned above have left, representing Jia Yueting's FF TOP to regain governance.

And under the recommendation of Boss Jia and Faraday Future Partner Team, the company will receive more than $ 100 million in financing from Daguan and ATW.

Boss Jia, who hasn't appeared for a long time, sent a Weibo excitedly saying that it was another major inflection point in FF (Farage Future)!

Hey, wait, what about the car?

With such a wonderful battle for power, did Boss Jia win the end of the victory? But we seem to ignore any small questions ...

No, isn't we going to the United States to build a car? What about the car? What about mass production in the third or fourth quarter of this year?

Well, Faraday's future official said that this year's FF91 cannot be delivered, but we still go all out, continue to go out for money, and prepare for layoffs to reduce expenses.

But how easy is it to make money. According to Faraday's second quarter financial report, the company's cumulative net loss has reached US $ 3.2 billion, and as of the end of June, the cash and equivalents on the accounts at the end of June were only 122 million US dollars.

Boss Jia was expected to start mass production by 300 million US dollars before. Now it has just been merged to 100 million. This 100 million yuan is enough for the company to take a while. It is estimated that it can be over Christmas.

In addition, in the stock market, Faraday's future situation is also very dangerous. At the time of listing, it was $ 14 per share, and it has been less than $ 1 to now. What is the concept?

Anyway, as an American drama enthusiast, my IQ can no longer predict how Boss Jia can do.

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