Faraday Future
- 🦄Became a unicorn~2017
- 📈Peak valuation$3.4 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$12.9M
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. Glassdoor reviews from the years after listing chronicle the cash crunch from inside: engineers lamenting billions spent over nearly a decade without a volume car, layoffs recurring almost annually, and stretches — insiders said — of trimmed salaries, suppliers going unpaid, and promised bonuses that never arrived.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: CTVC/Wolf Street
