Only 13 cars delivered in 10 years of production? What's wrong with this company? Jia Yueting: Profits are in sight!

[ITBEAR] News on August 14th: Recently, Faraday Future’s stock price experienced a sharp decline last night. This fluctuation has attracted widespread attention from the market. The reason is that the company has delivered only 13 vehicles in the past ten years, a number that is far lower than market expectations. It is worth noting that Faraday Future recently officially delivered its 13th FF 91 2.0 car, and this delivery was to Gao Wei, a senior employee within the company, head of global communications and community sales. The delivery event marks some progress the company has made in overcoming production chain challenges. According to ITBEAR, Faraday Future’s founder and chief product and user ecosystem officer Jia Yueting previously revealed that the company is about to restart the delivery process of FF 91 SOD2 (SOD second phase) and plans to deliver vehicles to the first secondary market individual investor users. Jia Yueting also said that on the premise of completing strategic investor financing and raising the required parts and components funds, the company will strive to deliver a new car every month. Faraday Future’s financial report data shows that as of December 31, 2023, the company has sold 4 FF 91 Futurist and leased 6 units. This shows that despite the slow progress of delivery, the company is gradually advancing its market layout. Looking to the future, the FF 91 series is expected to become Faraday Future's only production model on the market. Regarding the company's profit prospects, Jia Yueting expressed firm confidence that Faraday Future can eventually achieve profitability.

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