Faraday Future Intelligent Electric Inc. - FFIE STOCK NEWS

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) will participate in the Deutsche Bank Global Auto Industry Conference in New York from June 14-16, 2022. The company is set for a fireside chat on June 15, 2022, at 9:30 AM - 10:05 AM ET, followed by meetings with institutional investors. Interested parties can find more information on FF’s Investor Relations website.

FF offers preorders for its flagship vehicle, the FF 91, via the FF Intelligent App or their website. The company specializes in luxury electric vehicles, emphasizing innovation in mobility and technology.

Faraday Future Intelligent Electric (NASDAQ: FFIE) has partnered with Cerence Inc. (NASDAQ: CRNC) to integrate advanced text-to-speech (TTS) technology into its upcoming FF 91 luxury electric vehicle, set for production in Q3 2022. This collaboration aims to enhance the in-car voice assistant's natural communication abilities through Cerence’s TTS and Speech Signal Enhancement (SSE) technologies. The FF 91's voice assistant will provide real-time information and facilitate better interactions, improving driver safety and comfort.

Faraday Future Intelligent Electric announced its Q1 2022 results, highlighting significant milestones such as the unveiling of the production-intent FF 91 and a contract with Myoung Shin for FF 81 production. The company reported an operating loss of approximately $149 million and a net loss of about $153 million, escalating from losses in Q1 2021. As of March 31, 2022, total assets stood at $706 million with $276 million in cash. Faraday Future is poised for a FF 91 launch in Q3 2022, while also facing ongoing challenges including substantial accumulated deficits and expected future losses.

Faraday Future (NASDAQ: FFIE) has announced it will release its Q1 2022 results on May 23, 2022, after market close. A conference call to discuss these results will occur at 5:00 p.m. Eastern Time on the same day. Investors can access the live call via the Investor Relations section of the company’s website. Additionally, customers interested in the FF 91 can preorder through the FF Intelligent App or the company website, which aims to enhance its electric vehicle offerings.

Faraday Future (NASDAQ: FFIE) announced the opening of its flagship brand experience center in Beverly Hills, California, marking a significant step toward launching its electric vehicle, the FF 91, set for Q3 2022. The center, designed by ASTOUND Group, features advanced technology and a luxury atmosphere, allowing users to interact with the brand. FF has also secured a dealer license from California, enabling direct sales both in-state and online, enhancing customer experience through a unique direct sales model.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) announced a brief delay in filing its Q1 2022 Form 10-Q due to previous filing challenges related to Q3 2021 and 2021 Form 10-K. The company filed a Form 12b-25 with the SEC, indicating they expect to meet the extended deadline of May 23, 2022. As the company is currently compliant with NASDAQ requirements, it faces no immediate risk of delisting if the new deadline is met. Additionally, it plans to file its amended Registration Statement on Form S-1 shortly after filing the Q1 2022 report.

Faraday Future Intelligent Electric (NASDAQ: FFIE) reported its Q4 and full-year 2021 results, revealing a net loss of $517 million, a significant increase from $147 million in 2020. Operating expenses surged to $354 million, driven by engineering and employee costs. Despite challenges, progress was made at the Hanford manufacturing facility, with production set to start in Q3 2022. The company signed a deal with Myoung Shin for FF 81 production in South Korea and secured a dealer license for national online sales. Cash was $505 million as of December 31, 2021, decreasing to $276 million by March 31, 2022.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) announced the achievement of manufacturing milestone #5, initiating major mechanical, electrical, and plumbing (MEP) systems in their Hanford, California facility. This milestone supports the upcoming launch of the FF 91, a luxury electric vehicle (EV) set for Q3 2022, as the company progresses toward its production goals. FF has reached five of seven milestones aimed at establishing a state-of-the-art production capability to rival top luxury automakers.

Faraday Future Intelligent Electric (FFIE) announced financial results for Q3 2021, reporting a net loss of $304 million, up from $33 million year-over-year, primarily due to increased operating expenses of $186 million. The company successfully completed a merger, listing publicly with gross proceeds of approximately $1 billion. FFIE is on track to launch the FF 91 by Q3 2022, following significant progress in manufacturing at its Hanford facility. The company has received 401 refundable preorders for the FF 91 and is expanding its workforce to support production.