Faraday Future Intelligent Electric Inc. reported another heavy loss and serious cash strain for the quarter ended March 31, 2026. Revenue was only $0.5M, mainly from early AI EV and robotics sales and leases, while the company posted a net loss of $42.3M, compared with $10.3M a year earlier.
Cash and cash equivalents fell to $12.2M, and management disclosed negative working capital of about $76.0M and an accumulated deficit of $4,743.9M. The company explicitly concluded that these conditions raise “substantial doubt” about its ability to continue as a going concern without securing substantial new financing.
Faraday Future continues to fund operations largely through complex convertible note structures and equity issuance, including converting $25.3M of notes and accrued interest into Class A shares this quarter, which lifted Class A shares outstanding from about 199.1 million to 282.4 million. It also recorded a $2.1M goodwill impairment related to its AIXC digital‑assets business and a $1.9M loss on digital assets, underscoring execution and funding risks around newer initiatives.
Faraday Future Intelligent Electric Inc. reported another heavy loss and serious cash strain for the quarter ended March 31, 2026. Revenue was only $0.5M, mainly from early AI EV and robotics sales and leases, while the company posted a net loss of $42.3M, compared with $10.3M a year earlier.
Cash and cash equivalents fell to $12.2M, and management disclosed negative working capital of about $76.0M and an accumulated deficit of $4,743.9M. The company explicitly concluded that these conditions raise “substantial doubt” about its ability to continue as a going concern without securing substantial new financing.
Faraday Future continues to fund operations largely through complex convertible note structures and equity issuance, including converting $25.3M of notes and accrued interest into Class A shares this quarter, which lifted Class A shares outstanding from about 199.1 million to 282.4 million. It also recorded a $2.1M goodwill impairment related to its AIXC digital‑assets business and a $1.9M loss on digital assets, underscoring execution and funding risks around newer initiatives.
Faraday Future Intelligent Electric Inc. reported first quarter 2026 results, highlighting the early commercialization of its Embodied AI robotics strategy. Revenue was $512,000, up from $316,000 a year earlier, while loss from operations narrowed to $35.9 million from $43.8 million.
Net loss attributable to the company widened to $38.9 million, and cash and cash equivalents fell to $12.2 million from $34.9 million as of December 31, 2025, with operating cash use of $31.5 million.
Management emphasized its shift to a U.S.-based Physical AI ecosystem focused on humanoid and bionic robots, targeting more than 1,500 EAI robot shipments in 2026. The company noted the SEC closed a multi-year investigation with no penalties and it secured $45 million from U.S. institutional investors plus a revised $12 million subscription agreement.
Faraday Future Intelligent Electric Inc. reported first quarter 2026 results, highlighting the early commercialization of its Embodied AI robotics strategy. Revenue was $512,000, up from $316,000 a year earlier, while loss from operations narrowed to $35.9 million from $43.8 million.
Net loss attributable to the company widened to $38.9 million, and cash and cash equivalents fell to $12.2 million from $34.9 million as of December 31, 2025, with operating cash use of $31.5 million.
Management emphasized its shift to a U.S.-based Physical AI ecosystem focused on humanoid and bionic robots, targeting more than 1,500 EAI robot shipments in 2026. The company noted the SEC closed a multi-year investigation with no penalties and it secured $45 million from U.S. institutional investors plus a revised $12 million subscription agreement.
Faraday Future Intelligent Electric Inc. announced major leadership and governance changes. The Board accepted Matthias Aydt’s resignation as Co Global Chief Executive Officer effective May 5, 2026; he stays on temporarily as an advisor. Founder Yueting (YT) Jia was acknowledged and appointed as the company’s sole Chief Executive Officer, and Jiawei (Jerry) Wang, previously Global President, was promoted to Global Executive Chairman, taking oversight of finance, legal, governance and risk management while working closely with Jia.
The Board also appointed director Chad Chen as Lead Independent Director. Wang will receive an annual grant of PSUs with a target grant date fair value of $1.5 million and a $6,000 monthly housing allowance, while both Jia and Wang continue to defer part of their base salaries until May 31, 2026. The company highlighted progress in its Embodied AI robotics business, noting shipments of 68 EAI robots with positive gross margins as of April 30, a first-season delivery target of 200 units by the end of June, and an expectation of more than 1,000 units shipped in 2026.
Faraday Future Intelligent Electric Inc. announced major leadership and governance changes. The Board accepted Matthias Aydt’s resignation as Co Global Chief Executive Officer effective May 5, 2026; he stays on temporarily as an advisor. Founder Yueting (YT) Jia was acknowledged and appointed as the company’s sole Chief Executive Officer, and Jiawei (Jerry) Wang, previously Global President, was promoted to Global Executive Chairman, taking oversight of finance, legal, governance and risk management while working closely with Jia.
The Board also appointed director Chad Chen as Lead Independent Director. Wang will receive an annual grant of PSUs with a target grant date fair value of $1.5 million and a $6,000 monthly housing allowance, while both Jia and Wang continue to defer part of their base salaries until May 31, 2026. The company highlighted progress in its Embodied AI robotics business, noting shipments of 68 EAI robots with positive gross margins as of April 30, a first-season delivery target of 200 units by the end of June, and an expectation of more than 1,000 units shipped in 2026.
FARADAY FUTURE INTELLIGENT ELECTRIC INC. director Jiang Xiao filed an initial Form 3, which is a statement of beneficial ownership for insiders. The data provided shows no reported transactions and no listed holdings, indicating this filing is primarily an administrative disclosure of insider status.
FARADAY FUTURE INTELLIGENT ELECTRIC INC. director Jiang Xiao filed an initial Form 3, which is a statement of beneficial ownership for insiders. The data provided shows no reported transactions and no listed holdings, indicating this filing is primarily an administrative disclosure of insider status.
Faraday Future Intelligent Electric Inc. is asking stockholders to approve multiple governance and capital-structure changes at its May 22, 2026 virtual annual meeting. Proposals include electing five directors and approving stock issuances tied to promissory notes, preferred stock and warrants under Nasdaq Listing Rule 5635(d).
The company seeks to add 50,492,075 shares of Class A common stock to its 2021 stock incentive plan and increase authorized common shares from 312,285,439 to 452,813,887 and preferred shares from 24,087,265 to 34,926,534. It is also requesting authority for a reverse stock split at a ratio of up to 1-for-150, advisory Say-on-Pay and Say-on-Frequency (with “three years” recommended), and an adjournment right. A special Series A Preferred Stock with 10,000,000,000 votes will vote proportionally with common stock only on the share authorization and reverse split proposals.
Faraday Future Intelligent Electric Inc. is asking stockholders to approve multiple governance and capital-structure changes at its May 22, 2026 virtual annual meeting. Proposals include electing five directors and approving stock issuances tied to promissory notes, preferred stock and warrants under Nasdaq Listing Rule 5635(d).
The company seeks to add 50,492,075 shares of Class A common stock to its 2021 stock incentive plan and increase authorized common shares from 312,285,439 to 452,813,887 and preferred shares from 24,087,265 to 34,926,534. It is also requesting authority for a reverse stock split at a ratio of up to 1-for-150, advisory Say-on-Pay and Say-on-Frequency (with “three years” recommended), and an adjournment right. A special Series A Preferred Stock with 10,000,000,000 votes will vote proportionally with common stock only on the share authorization and reverse split proposals.
Faraday Future Intelligent Electric Inc. entered a financing deal with an accredited investor, issuing a $15.78 million A-1 promissory note and a $30 million secured B note for total proceeds of $45 million. Both notes mature 24 months after the purchase price date, with the A-1 Note bearing 9% simple interest and the B Note 3.5% interest, plus original issue discount and fees.
The notes can be redeemed in cash or Class A common stock, with monthly redemptions up to $750,000 and additional “limited redemptions” tied to trading volume up to $5 million, using a Nasdaq “Minimum Price” and a Floor Price of $0.0603 per share. The B Note is secured by a deposit account and related pledge and guaranty agreements, and Faraday Future also agreed to reserve shares and meet specific equity, market cap, Nasdaq listing, and stockholder-approval conditions for certain note exchanges.
Faraday Future Intelligent Electric Inc. entered a financing deal with an accredited investor, issuing a $15.78 million A-1 promissory note and a $30 million secured B note for total proceeds of $45 million. Both notes mature 24 months after the purchase price date, with the A-1 Note bearing 9% simple interest and the B Note 3.5% interest, plus original issue discount and fees.
The notes can be redeemed in cash or Class A common stock, with monthly redemptions up to $750,000 and additional “limited redemptions” tied to trading volume up to $5 million, using a Nasdaq “Minimum Price” and a Floor Price of $0.0603 per share. The B Note is secured by a deposit account and related pledge and guaranty agreements, and Faraday Future also agreed to reserve shares and meet specific equity, market cap, Nasdaq listing, and stockholder-approval conditions for certain note exchanges.
Faraday Future Intelligent Electric Inc. director and Co-Global CEO Matthias Aydt reported a small personal investment in the company’s preferred equity. He purchased 1 share of Series A Preferred Stock with a par value of $0.0001 per share for cash consideration of $100.
This Series A Preferred Stock carries specific rights, preferences and restrictions described in the company’s Certificate of Designation filed in Delaware. After this open-market style transaction from the issuer, Aydt directly owns 1 share of this preferred security, with no related derivative positions reported in this filing.
Faraday Future Intelligent Electric Inc. director and Co-Global CEO Matthias Aydt reported a small personal investment in the company’s preferred equity. He purchased 1 share of Series A Preferred Stock with a par value of $0.0001 per share for cash consideration of $100.
This Series A Preferred Stock carries specific rights, preferences and restrictions described in the company’s Certificate of Designation filed in Delaware. After this open-market style transaction from the issuer, Aydt directly owns 1 share of this preferred security, with no related derivative positions reported in this filing.
Faraday Future Intelligent Electric Inc. created and sold one share of a new Series A Preferred Stock for $100 to Matthias Aydt to influence upcoming shareholder votes on capital structure changes.
This single preferred share carries 10,000,000,000 votes but can vote only on two proposals: increasing authorized common shares and approving a reverse stock split. Its votes must mirror the proportions of votes actually cast by common shareholders, and it cannot be voted unless at least one-third of outstanding common shares are represented at the meeting.
The Series A Preferred pays no dividends, is not convertible and ranks ahead of common stock for $100 in liquidation. It is non‑transferable before the votes without board consent and will be redeemed for $100 either when the board chooses or immediately after both proposals receive shareholder approval.
Faraday Future Intelligent Electric Inc. created and sold one share of a new Series A Preferred Stock for $100 to Matthias Aydt to influence upcoming shareholder votes on capital structure changes.
This single preferred share carries 10,000,000,000 votes but can vote only on two proposals: increasing authorized common shares and approving a reverse stock split. Its votes must mirror the proportions of votes actually cast by common shareholders, and it cannot be voted unless at least one-third of outstanding common shares are represented at the meeting.
The Series A Preferred pays no dividends, is not convertible and ranks ahead of common stock for $100 in liquidation. It is non‑transferable before the votes without board consent and will be redeemed for $100 either when the board chooses or immediately after both proposals receive shareholder approval.
Faraday Future Intelligent Electric Inc. reported significant board and leadership changes. On April 14, 2026, executive director Matthias Aydt resigned from the Board for personal reasons and indicated he will resign as Global Co-Chief Executive Officer when the Board decides.
On April 16, 2026, directors Jie (Jay) Sheng and Chui Tin Mok also resigned from the Board, each without disagreements with the company; Mr. Mok continues as an executive officer and Head of FF Middle East, and Mr. Sheng may serve in an advisory role.
That same day, the Board appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen as new directors, with specific committee roles including Audit, Compensation, Nominating and Corporate Governance, and Finance and Investment Committees.
Faraday Future Intelligent Electric Inc. reported significant board and leadership changes. On April 14, 2026, executive director Matthias Aydt resigned from the Board for personal reasons and indicated he will resign as Global Co-Chief Executive Officer when the Board decides.
On April 16, 2026, directors Jie (Jay) Sheng and Chui Tin Mok also resigned from the Board, each without disagreements with the company; Mr. Mok continues as an executive officer and Head of FF Middle East, and Mr. Sheng may serve in an advisory role.
That same day, the Board appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen as new directors, with specific committee roles including Audit, Compensation, Nominating and Corporate Governance, and Finance and Investment Committees.
Faraday Future Intelligent Electric Inc. director Lev Peker exercised restricted stock units into common stock. On April 15, 2026, he converted a total of 147,059 RSUs, granted in 2025, into an equal number of Class A Common shares at an exercise price of $0.00 per share.
Following these transactions, Peker directly holds 207,464 shares of Class A Common Stock. The filing reflects compensation-related equity vesting and conversion, with no open-market purchases or sales reported.
Faraday Future Intelligent Electric Inc. director Lev Peker exercised restricted stock units into common stock. On April 15, 2026, he converted a total of 147,059 RSUs, granted in 2025, into an equal number of Class A Common shares at an exercise price of $0.00 per share.
Following these transactions, Peker directly holds 207,464 shares of Class A Common Stock. The filing reflects compensation-related equity vesting and conversion, with no open-market purchases or sales reported.