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Fun Faraday Future article
- Thread starter JeffK
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On this note:
LeEco cuts 325 U.S. employees, will focus on Chinese-speaking consumers
LeEco slashes 325 jobs, layoffs affect San Jose workers
LeEco cuts most of US workforce as it continues its downward spiral
LeEco or Leshi is a weird group. They were showing LeEco shows off its ‘LeSEE’ all-electric car concept [Gallery] besides funding Faraday Future and Atieva (now called Lucid Motors).
BluestarE3
Active Member
Some FF engineers and designers have jumped ship to join Tesla:
Tesla snaps up few engineers and designers from Faraday Future as they jump ship
Tesla snaps up few engineers and designers from Faraday Future as they jump ship
BluestarE3
Active Member
BluestarE3
Active Member
Faraday Future gives up on its $1 billion EV factory, says it’s looking for something else
A few months ago, FF downsized the footprint of their planned North Las Vegas factory (where the only apparent progress was grading some dirt). Earlier today, they announced that they've put a hold on building a factory at that site altogether and, instead, will be looking for another location in California or Nevada to build a factory that more closely suits their new business model.
Stefan Krause, their CFO, said the following in a released statement:
I assume "user-ship personal mobility" would be something like the planned Tesla Network where privately owned autonomous cars would be available for hire? Or maybe targeting fleet ownership rather than private ownership of ride-share vehicles?
What doesn't make sense is why are looking for a brand new site while still hanging on to the Apex site and allowing it to go fallow? Why not just unload that big site if they need to extremely downsize their manufacturing capacity for their new incarnation? Their press release says they may need it for "long-term vehicle manufacturing", but they are in such dire straits they need to focus on just surviving in the near-term, without the financial burden of a big piece of land they may never get to use.
A few months ago, FF downsized the footprint of their planned North Las Vegas factory (where the only apparent progress was grading some dirt). Earlier today, they announced that they've put a hold on building a factory at that site altogether and, instead, will be looking for another location in California or Nevada to build a factory that more closely suits their new business model.
Stefan Krause, their CFO, said the following in a released statement:
I assume "user-ship personal mobility" would be something like the planned Tesla Network where privately owned autonomous cars would be available for hire? Or maybe targeting fleet ownership rather than private ownership of ride-share vehicles?
What doesn't make sense is why are looking for a brand new site while still hanging on to the Apex site and allowing it to go fallow? Why not just unload that big site if they need to extremely downsize their manufacturing capacity for their new incarnation? Their press release says they may need it for "long-term vehicle manufacturing", but they are in such dire straits they need to focus on just surviving in the near-term, without the financial burden of a big piece of land they may never get to use.
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EVie'sDad
Member
Faraday's Future not looking so bright anymore.
Electric car maker scraps plans for $1 billion Nevada plant
'We are in a precarious situation': The electric-car startup Faraday Future is scrapping its big Nevada factory as ...
Highly Cited Business Insider UK 22h ago
Electric car maker scraps plans for $1 billion Nevada plant
'We are in a precarious situation': The electric-car startup Faraday Future is scrapping its big Nevada factory as ...
Highly Cited Business Insider UK 22h ago
jelloslug
Active Member
Think of all the poor, homeless bobcats now....
voyager
Active Member
BluestarE3
Active Member
After abandoning its graded dirt lot in North Las Vegas, FF has moved into an existing facility in Hanford, CA (near Fresno) for its factory.
Tesla competitor Faraday Future previews 1 million square foot Hanford facility
Tesla competitor Faraday Future previews 1 million square foot Hanford facility
So, are they asking employees to pick up brooms and paint brushes to spiff up the building? No contractors will work with them anymore because they owe everybody money?
jelloslug
Active Member
Maybe it's just going to be a place for all the homeless bobcats....
BluestarE3
Active Member
Holy crap! I was just being facetious, but it looks like they really are asking employees to paint the building:
Faraday Future takes over existing plant in California after abandoning Nevada construction project
Holy crap! I was just being facetious, but it looks like they really are asking employees to paint the building:
Faraday Future takes over existing plant in California after abandoning Nevada construction project
They don't have money to pay real employees. That's the local homeless population (if not they soon will be).
BluestarE3
Active Member
Distancing themselves from LeEco and Jia Yueting is probably the smartest move by FF in recent months. It'll be interesting to see how the company fares financially without their former benefactor... a benefactor that also came with a lot of "baggage".
Well they have a tarp factory. I assume investors want to see a car factory.
Zaphod
Galaxy President (former)
True, they said it should be ready early 2018. I know they did say that they already purchased some of the equipment needed to manufacture the vehicle.
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