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Faraday Future receives only 60 deposits for the FF 91

Sources close to the company revealed that only 60 people actually paid the $5,000 deposit for their reservation.

@LanaJelic
Published Tue, Jan 24 2017 11:23 AM CST   |   Updated Tue, Nov 3 2020 11:56 AM CST

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.

Faraday Future receives only 60 deposits for the FF 91 | TweakTown.com

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.

Lana has a passion for technology and science. She spends her time looking for the latest and most interesting technology and science news. Her passion is in gadgets, wearables, and other cool and interesting applications of technology or science. She also spends her free time gaming in MMOs like World of Warcraft. She has prior experience covering technology for publications and breaking news. If she’s not doing either, you might just find her exploring the metaverse in VR. Lana wants to expand TweakTown’s coverage of mobile, wearables and gadgets while also bringing her experience with science and general tech to TweakTown. Her area of coverage is around science, technology, smartphones, wearables, and general neat gadgets. She hopes to one day be able to drive around in her self-driving car while she schedules an appointment for a SpaceX trip to the moon on her smartwatch.

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