FFIE Stock Alert: Faraday Future Withdraws Its Production Outlook
Faraday 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 $1 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 ...