Faraday Future Intelligent Electric ( (FFIE) ) has provided an announcement.
On March 7, 2025, Faraday Future held a special meeting of stockholders where all proposals were approved, including an increase in authorized shares to support its FX strategy and the continued production of the FF 91 2.0. This approval allows the company to meet existing obligations and pursue future financing or acquisition opportunities, aiming to bolster its cash reserves and support ongoing operations. The company also announced a stock ticker change to ‘FFAI’ starting March 10, 2025, and highlighted progress in its FX project with prototype vehicles enroute to its Los Angeles headquarters.
More about Faraday Future Intelligent Electric
Faraday Future is a California-based global shared intelligent electric mobility ecosystem company, founded in 2014. The company aims to disrupt the automotive industry by providing a user-centric, technology-first, and smart driving experience. Its flagship model, the FF91, showcases its vision for luxury, innovation, and performance. The new FX strategy seeks to introduce mass production models with advanced luxury technology, targeting a broader market with more affordable offerings.
YTD Price Performance: -65.85%
Average Trading Volume: 17,379,698
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $91.91M
For an in-depth examination of FFIE stock, go to TipRanks’ Stock Analysis page.