Why Faraday Future's Stock Is Down Today

·2 min read
Why Faraday Future's Stock Is Down Today

Shares of embattled electric-vehicle start-up Faraday Future Intelligent Electric (NASDAQ: FFIE) were trading lower on Monday, a day ahead of a "business update" presentation that could deliver grim news to investors. As of 11:30 a.m. ET, Faraday's shares were down about 8.6% from Friday's closing price. Back in October, a short-selling firm issued a report on Faraday that called into question key parts of its story, including its claim to have received preorders for over 14,000 vehicles.

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