According to the report of Zhongxin Jingwei, on Tuesday, the three major US stock indexes fell across the board, with the Dow falling 2.38% at 33239.45 points; the NASDAQ down 3.95% at 12490.74 points; and the S&P 500 down 2.81% at 4175.21 points. Faraday triggered several circuit breakers in the future, falling more than 41% intraday.
In terms of individual stocks, Faraday Future (FF) triggered circuit breakers many times, falling more than 41% intraday, closing down 12.92% at $3.1 / share, the U.S. Securities and Exchange Commission on April 14 disclosed documents show that FF founder Jia Yueting is no longer the company's executive officer, will continue to serve as the company's chief product and user ecology officer; Moody's put Twitter's BA2 rating on the downgrade watch list, Twitter closed down 3.93% at 49.67 yuan / share; Tesla fell 12.18% at $876.42 / share.
In addition, FF has continued to suffer losses in operating activities since its inception, and the cumulative loss is expected to reach 19 billion yuan. According to the Securities Daily in early April, FF expects an operating loss of $345 million to $385 million for the year ended December 31, 2021, compared with a loss of $65 million for the same period in 2020, with an operating loss of 431% in 2021, and a net loss of $510 million to $550 million in 2021, a loss of $147 million for the same period in 2020, an increase of 247% year-on-year in 2021.
For the increase in operating and net profit losses, FF explained that this is mainly due to the increase in costs due to the company's factory in Hanford, California, fully commercial production.
We see that Faraday Future can be said to be unfavorable recently, although this time Faraday Future has a large-scale circuit breaker phenomenon, but in fact, we must see the objective reasons of the US stock market at the same time as we must also see the deep reasons of the market, so we may wish to conduct an in-depth analysis:
First of all, for the current market as a whole, we must admit that Faraday's future multiple circuit breakers are indeed dragged down by the US stock market. In the case of the sharp decline in the US stock market, there is no end to the eggs under the nest, and it is very normal for Faraday to have problems in the future, after all, even Tesla has so many problems, and it is not surprising that Faraday will have problems in the future. The market situation is so unsatisfactory, Faraday will naturally face greater market pressure in the future, which is a problem that the entire new energy automobile enterprise must face at present.
Secondly, let's look at the future of Ladi, itself for the current market situation, Tesla is only facing some setbacks, and Faraday future may face huge pressure, and even a lot of risks, this is because from the listing to now such a long time, Faraday Future has not been able to provide the market with good enough performance. Although quasi-mass production vehicles have been launched, there may still be a big gap between quasi-mass production vehicles and even the volume of production in the market. The market gives Faraday less and less time window for the future, Jia Yueting has been trying to promote faraday's future development, but what we see is that faraday's overall performance in the future has always made the market less optimistic, and the market is very worried about whether this company will have very serious problems. After all, the time given before has been enough, how many new energy vehicles in China have grown rapidly, faraday's future mass production last year has not been able to do, which is really strange.
Third, for the current market as a whole, consumers and investors who have given the market great distrust of the market in the future are gradually abandoning Faraday's future Faraday, and if this trend is not reversed in a short period of time, LeTV's fate is likely to happen again. So in such a big background, Jia Yueting really needs to think about it, if he can no longer give the market a good enough performance, the market will completely abandon Faraday Future. If Faraday also falls in the future, then Jia Yueting can say that it is really difficult to have a chance to turn over.