Faraday Future’s Tesla-Rivaling Electric Car Is Delayed Again

The FF91 delay revelation comes as part of a governance rejig over financing disputes. For now, Faraday Future says it has secured a financing commitment worth $100 million to stay afloat. “We can now focus our effort on building the FF 91,” Faraday Future’s global chief Dr. Carsten Breitfeld was quoted as saying in a press statement. The funding should provide some vigor to move ahead, especially after a disastrous Q2 2022 which saw the company post a neat operating loss of $137 million, more than quadruple the figures in Q2 2021. Of course, the writing’s been on the wall, as the company repeatedly hinted in the past that its cash reserves are drying up. Despite the funding boost, the company says measures like layoffs are still very much on the table.

Prior to the 8-K declaration, Faraday Future had already pushed the production and deliveries of its debut car to the third or fourth quarter of 2022. Notably, the company received the FF 91’s EPA certification barely a week ago, clocking 381 miles on a single charge. Promising a 1,050 horsepower output, Faraday Future is claiming acceleration figures of 0 to 60 miles per hour in under three seconds. Meanwhile, press experience has been mixed in its limited showcase. While the FF 91’s future remains uncertain, the company has already announced plans of producing its second vehicle — the FF 71 sedan — in China. What happens to the drool-worthy FFZERO1 concept that the company showcased in 2016 remains a mystery.