The story of Jia Yueting, the man of the storm, continues, since LeTV went bankrupt, drew a "big cake", ran to the United States to build a car, dropped a sentence of "return to China next week", so that the domestic melon-eating masses are full of expectations for him, and every day they look forward to when Jia Yueting can return to China, and this melon can end perfectly.
Recently, the news came again, and Jia Yueting was far away from returning to China.
Faraday Future shares were circuited twice
At 10:30 p.m. Beijing time on April 26, Faraday Future investors may have mixed feelings. Faraday Future shares were circuited twice, falling 41.29% at one point.
As of the morning close on April 27, Faraday Future's share price was $3.10, down 12.92% and its market capitalization was only $1.006 billion.
Nine months ago, on July 22, 2021, Faraday Future went public on nasdaq with a price of $16.8 at the opening and a market capitalization of nearly $6 billion, which was the first step jia yueting thought he could counterattack.
But I didn't expect to look back a few months later, when the market value was already the commanding height, and faraday's future market value has fallen by 83% compared with the opening at that time.
Jia Yueting's POSITION AS CEO is not guaranteed
Let's look back about half a month ago, on April 14, according to the SEC's release of documents, faraday Future's board of directors adjusted the role of founder Jia Yueting, Jia Yueting no longer serves as CEO, retains his chief product officer position, and will continue to report to the executive chairman.
Silently asked, is Jia Yueting kicked away by his own company?
All along, I think Jia Yueting is the "soul figure" of Faraday's future, without his initial PPT, where FF91 came from. Without him, Faraday's future seems to be missing something, can Jia Yueting, who is only the chief product officer, turn over?
Everything is even more hanging
I see that Jia Yueting's return to China is really more hanging.
Previously said that the FF91 mass production car is expected to be delivered in the third quarter of this year, the new car listing is also hanging, not hanging is expected to have a net loss of up to 550 million US dollars in 2021, Jia Yueting stepped down as an executive, so will Faraday have a future in the future?
From the most objective point of view, since the establishment of Faraday's operating activities continue to suffer losses, the cumulative loss is expected to reach 19 billion yuan. FF91, which was responsible for profitability, claimed to have received 14,000 FF91 orders, but after actual investigation, 14,000 were free bookings, and only 300 paid fee bookings were paid.
Sigh, the car is really good to burn money, this order is good water. Build a car, Jia Yueting, he really dares!
Recently, Jia Yueting received an ultimatum because he did not submit an annual report for the previous fiscal year, which did not meet the listing rules, and Faraday Future may be forcibly delisted. At present, Faraday Future has arrived at nasdaq warning letters, if the company has not submitted the third quarter of this year's relevant information before May 6 this year, it will be notified of the delisting of securities, which means that Jia Yueting's plan to circle money in the United States will completely fail.
If Jia Yueting fails to circle money in the United States, then there is no hope of repaying debts and returning to China, and then he does not know where to go to circle money again.
This is not the first time he has received a relevant delisting warning, when he has bought more time to prepare for the company on the grounds that the company has been maliciously shorted by a US agency and is launching a full investigation.
But others in the United States NASDAQ securities trading institutions are not vegetarians, patience is limited, to Jia Yueting, to Faraday the future time is really not much.
"Let's suffocate together and suffocate our dreams"
Jia Yueting did not work harder, Faraday really wanted to "suffocate".
It seems that in 2022, Jia Yueting and Faraday will be a key to the future, whether Faraday will be delisted, and whether we can still see the mass production and delivery of FF91, which are worthy of our attention.
I have to say that it is really simple to talk about PPT, but it is really difficult to build a car! But fortunately, Jia Yueting, Chinese not to deceive Chinese, let's see if Jia Yueting and Faraday can survive this 2022 in the future? Can the melon we eat end perfectly?