At this year's CES, Faraday Future unveiled their highly anticipated electric vehicle - the FF 91. The FF 91 is their first production vehicle, and the company plans for it to compete directly with Tesla.
Shortly after the launch, the company bragged that they collected 64,124 reservations in less than 36 hours. However, Faraday Future didn't state how many of those reservations came with a deposit.
According to Business Insider, not many. Sources close to the company revealed that only 60 people actually paid the $5,000 deposit for their reservation.
If the company intended to gather some money for further actions from the deposits, it doesn't look good. If the sources are correct, this would mean that the company received only $300,000 which isn't even the price of two FF 91 cars (FF 91 is priced at $180,000).
Faraday Future has not commented on the rumor for now.
Although the company seems to be dealing with financial challenges, I really hope they will succeed to deliver their first production vehicle. Competition is good, and there's no reason we shouldn't wish the best of luck to Faraday Future.