Electric car startup Faraday Future doesn’t have much of a future
That Faraday Future 91 electric vehicle that seemed so promising just a few years ago will probably never get made for the masses — and definitely not by 2019.
The California-based would-be Tesla rival has suffered many setbacks, but none as severe as those announced this week.
In a statement sent Tuesday, Faraday Future confirmed that two execs, Pete Savagian and Nick Sampson, have left the company. “We wish them the best of luck in their future endeavors,” the statement read.
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But it gets worse from there.
All employees who joined the electric car startup after May 1 must take a furlough (an unpaid leave of absence) for November and December. Those hired before can opt for the furlough or continue working regularly but at lower pay. Health benefits will continue. It’s also not guaranteed that the furlough will end by December. Read more…More about Electric Vehicles, Faraday Future, Tech, and Transportation