Strange. You know, a few years ago when Faraday hit financial trouble a bunch of top people quit and founded Canoo. Since then, Canoo went public with a SPAC, but then the SPAC guys fired all the Canoo founders so maybe that talent is headed back to Faraday? The whole LA EV startup scene (Aerovironment, AC Propulsion, Coda, Faraday, Canoo, Fisker.v1, Fisker.v2, Karma) has produced more drama than cars over the last 30 years.
I mean, if you're ok with risk you can be bullish on Faraday. But it doesn't make sense you'd be bullish on Faraday while being bearish on Lucid. Lucid is quite clearly further along and has a lot of well known ex-Tesla people who supposedly know what they're doing, while Faraday's team (heck the entire Los Angeles ecosystem) has never built a successful automaker before.
Sorry for long delay in responding, wasn't following too well all posts - I'm not bullish nor invested in either of them, there are far better places to invest/ bet some funds.
The BIG difference to me is that Lucid is backed up by Saudi interests (meh) while Faraday is funded by Chinese ones (including Geely, who owns Volvo BTW). Faraday has had its troubles, eventually was bought back etc. current owners are (more) solid Chinese folks. I'm interested as I like to keep informed, and just wanted to share what I know/ knew.
Now, *IF* there were a way to bet money on the outcome of Lucid vs Faraday, I'd really be happy to plunk some decent amount at 8:1 in favor of Faraday - With both a who knows non zero (over 15%) chance of staying afloat as high end EV car manufacturer in the long run. So I'm bullish on Faraday vs Lucid, but tepid on both ;D
They are wisely NOT competing against Tesla, they're clearly going after the niche high end market (the Rolls Royce /Bentley /S500 types) so won't need big production to be profitable. At the same time what they learn would trickle down slowly to other EV's or they'll be bought by others
TBH I was also unimpressed by Lucid's CEO - his intro talk video was full of marketing lingo and he just seemed super fake to me. Not that his product isn't vaporware, so OK could be subjective assessment, and my record isn't public even tho I did call a handful of good ones. (Rawlinson was dissed by Elon - he *was* in charge of the S, but really only the traditional part of car making, see his Tweet)
While on the anecdotal side, I happened to walk by the newly opened Faraday showroom in NYC - on 59th St next to the Fifth ave store. With a car parked outside unattended, I had to tap the door handle (same flush as Tesla's) which agitated the attendants a lot ..when the door simply opened
That was the day before converting via SPAC - I "naively" asked the overworked person who seemed to be in charge "are they available now?" to which he replied "this time next year" .. For the record, I talked to a couple who looked like tourists from out to town (they were from Corning, NY, visiting their NY docs), asked what they thought of it, and what they knew of Tesla: of the latter zilch ! (only the usual basics). Wow.
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