Faraday Future
EVUSA
New to Unitard
π Public < $1B
PeakΒ $3.4 BillionToday
β100%
from peak
- π¦Became a unicorn~2017
- πPeak valuation$3.4 Billion β21
- πBecame a Unitard~2022
- πΈLast valuation~$6.28M
Current status
Public (FFAI)
Live Β· FFAIΒ· NasdaqCM
as of 2026-09-21
$1.63βΌ 2.98% today
βΒ $6.28 Million market cap Β· β99.8% from peak
The rise & fall
8 moments Β· 2014β2023The key moments, with employee sentiment along the way.
2014
2014
Founded in Los Angeles
Chinese tech billionaire Jia Yueting bankrolls a secretive startup promising a luxury EV to out-Tesla Tesla.
Wikipedia
2017
2017
A unicorn before a single delivery
The FF 91 debuts at CES to equal parts buzz and skepticism; the valuation crosses $1B on promises.
TechCrunch
Jul 2021
Jul 2021
The peak: a ~$3.4B SPAC debut$3.4B
Seven years in and still without a production car, it lists on Nasdaq at a ~$3.4B valuation.
CNBC
2021β24
From the inside Β· Glassdoor reviews, 2021β24
Glassdoor reviews from the years after listing chronicled the cash crunch from inside: engineers described billions spent over nearly a decade without a volume car, layoffs recurring almost annually, and stretches β insiders said β of trimmed salaries, suppliers going unpaid, and promised bonuses that never arrived.
2022
2022
Governance fights, empty coffers
Boardroom disputes and chronic funding shortages delay the FF 91 again and again.
Reuters
2022
2022
Slips out of the club
The SPAC pop evaporates and the stock heads for penny territory.
Wolf Street
2023
2023
First FF 91s finally ship β barely
After nearly a decade of promises, deliveries begin in tiny numbers while the market cap sinks toward ~$0.3B, roughly 92% below peak.
TechCrunch
Today
Today
Still in the club β and still trading
Live Β· FFAI Β· NasdaqCMas of 2026-09-21
$1.63βΌ 2.98% todayβ $6.28M cap Β· β99.8% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Faraday Future is an EV startup that long promised a luxury electric vehicle, reaching a ~$3.4B valuation when it went public via SPAC in 2021. Chronic funding shortages, governance disputes, and minimal vehicle deliveries undermined the company; its shares now trade for pennies with a market cap under $0.3B, roughly 92% below peak.
Source: CTVC/Wolf Street
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
