Faraday Future, the Chinese dark horse with grandiose plans to out-Tesla Tesla, is doing just that — in the cash burn contest. And yet it hasn’t built a car, and it’s barely started building its factory. The company chief now admits he’s running out of dough, so he’s forfeiting his salary in a symbolic show of “going down with the ship” to salvage his rep.
Would you buy a car from a Chinese media conglomerate anyway? Especially a “connected” car? Faraday Future has no future and is running out of present. When the company fails, it will make credibility all the more elusive for the Chinese-backed crew trying to resurrect the mighty Whisker Karma.