Written by Cláudio Afonso | [email protected] | LinkedIn | X
Last week, Faraday Future shares shrank on TechCrunch’s report of misrepresented initial electric vehicle sales. On Monday, the U.S. startup “strongly reaffirms” that all its sales were “legitimate”.
According to the report, two ex-Faraday Future workers allege the company misrepresented initial electric vehicle sales and claim they were terminated after exposing this late last year.
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In a statement, Faraday says it remains “fully committed to acting legally and ethically” against the former employees while reassuring that all the internal controls were in place. Here’s the full statement:
Without reservation, we strongly reaffirm that all FF 91 2.0 deliveries were legitimate. Internal controls were in place to ensure that necessary initial payments were received, lease approvals secured, and DMV registrations initiated prior to public announcement.
FF has strongly emphasized that there are no faked sales practices. FF remains fully committed to acting legally and ethically, encourages the reporting of any questionable activities, and does not retaliate against whistleblowers making claims in good faith.
Faraday Future in a statement, April
These employees assert that the vehicles weren’t prepared, and Faraday failed to receive appropriate payments or finalize necessary paperwork upon announcing the sales.
Recently, the company unveiled that will start delivering its FF 91 luxurious sedan in the Middle East region later this year. Faraday shared that it continues to “engage with potential partners” in the region “to explore opportunities, including strategic financing, business development, and sales and marketing,” as revealed earlier today.
The company is targeting the launch of a limited-edition model, the FF 91 2.0 Futurist aiFalcon, tailored to the Middle East market with initial deliveries later this year.
Faraday’s shares reached a new all time low on Monday at $0.070 per share.
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Written by Cláudio Afonso | [email protected] | LinkedIn | X
