Faraday Future news suggests financing may be coming soon

Faraday Future is no stranger to financial struggles. After a series of unfortunate events, the EV start-up is pushing back the release of its production model, the FF 91. But, recent Faraday Future news suggests it may have found a short-term solution.

Last week, Electrek reported Faraday Future Intelligent Electric Inc. was again delaying its flagship model’s launch. The company stated it needs to raise capital to continue funding operations.

At the same time, the delay comes after a mass executive exodus, including FF’s CFO, CTO, and CEO, leaving within a few years. Since taking over in 2019, CEO Carsten Breitfeld has set the EV start-up on the right path.

Yet the EV market is fast moving, with legacy automakers and explosive new entrants looking to grab their share of…