Faraday Future: The hemorrhaging continues

[BluestarE3]

Faraday Future taken over by billionaire investor ahead of electric car unveil, 2 more execs left

This has a familiar ring to it: Billionaire investor wrests control of EV company on the verge of financial collapse, struggling to get its first product out, as top executives and others leave. Gives pep talk to the employees, but it seems more like a wake. Stories from the media take on the tone of a death-watch.

The question is whether Jia Yueting can pull off an "Elon Musk". Musk was very focused on getting the Roadster out. Jia and FF seem all over the place. Are they building an electric car or some kind of vague mobile entertainment platform on four wheels as they like to describe it? Just throwing a bunch of money at something doesn't ensure success. At some point, the money will run out if you don't produce (or demonstrate that you can produce) something that will generate revenue. Even worse, the one area where you may have a valuable asset, your intellectual property, is held by a separate company in an offshore tax haven. Good luck getting new outside investment.

 

[voyager]

Faraday Future taken over by billionaire investor ahead of electric car unveil, 2 more execs left
Just throwing a bunch of money at something doesn't ensure success. At some point, the money will run out if you don't produce (or demonstrate that you can produce) something that will generate revenue. Even worse, the one area where you may have a valuable asset, your intellectual property, is held by a separate company in an offshore tax haven. Good luck getting new outside investment.

I agree. And why, for heaven's sake, are all those Chinese newcomers trying to emulate Tesla?
I'd say, regardless of your intentions and campaign, a good idea (better unique selling proposition) always comes first.
Better lay those scriptures by Karl Marx and Mao aside... and read about what it is to venture in the U.S.

BTW, what is that "not owning critical IP" about?