FFIE Stock Alert: Faraday Future Withdraws Its Production Outlook
FFIEFaraday Future(FFIE) investorplace.com·2024-05-29 23:58

The ride may be over for Faraday Future Intelligent Electric (NASDAQ:FFIE). After FFIE stock surged to unexpected heights earlier this month on short squeeze momentum, the micro-cap electric vehicle (EV) producer is back below the 1marktoday.Afterthecloseofmarketsyesterday,thecompanyreportedworsethanexpectedearningsforthefourthquarterof2023.ItcertainlydoesntlookgoodthatFaradayFuturemissedWallStreetestimatesonrevenue,reportingonly1 mark today. After the close of markets yesterday, the company reported worse-than-expected earnings for the fourth quarter of 2023. It certainly doesn’t look good that Faraday Future missed Wall Street estimates on revenue, reporting only 800,000, opposite the already-low fore ...