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Faraday Future

EVUSA
📉 Public < $1B
Peak $3.4 BillionToday
~-92%
from peak
  1. 🦄
    Became a unicorn
    ~2017
  2. 📈
    Peak valuation
    $3.4 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$272M
Current status
Public ~sub-$0.3B (trades for pennies)

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, down roughly 92% from peak.

Source: CTVC/Wolf Street