Faraday Future hit with layoffs, salary cuts(theverge.com) |
Faraday Future hit with layoffs, salary cuts(theverge.com) |
I also had no idea why their flagship car cost as much as it does. It looks nice, but $300k is insane. Nothing in the press materials really explained why it you should buy one instead of an Aston Martin or Bentley.
Terrible execution though.
Now the FF91 needs to justify why it’s more expensive than every car Tesla sells, the iPace, and the Taycan (which should be available when the FF91 was set to go on sale). In all those cases the FF91 is at least 2x more expensive, and all those cars are made by companies with established records.
Jumping in and selling a premium EV now is almost as hard as selling a premium SUV from nothing. It can be done, but holy crap it’ll be hard.
Good riddance. They had a good idea (and more competition in the EV space is always good) but thanks to their management they completely ruined whatever was good about them. Now I just wish they'd die and leave space for someone that actually knows what they're doing.