Why Is Faraday Future (FFIE) Stock Down 32% Today?
Faraday Future(FFIE) investorplace.com·2024-05-29 20:26
Faraday Future (NASDAQ:FFIE) stock is down on Wednesday following the release of the electric vehicle (EV) company’s earnings report for its fiscal full year of 2023.The bad news for Faraday Future starts with its revenue of $800,000 during the year. That’s worse than the $2.59 million in revenue that Wall Street was expecting. Investors will note this is the first year the company has reported revenue.One improvement for FFIE was its net loss. This came in at -$432 million during the year. That’s better th ...