- Jia Yueting's Faraday Future stock price fell 13.64% to nearly $0.1 per share.
Probably Jia Yueting himself did not expect that due to the delay in releasing good news, the company's stock price continued to fall, and now it has ushered in a plunge again relative to the opening, reaching 13.64%, and the stock price is only $0.114 / share, which is only one step away from falling below $0.1 / share.
Jia Yueting
And once Faraday Future's stock price really falls below $0.1 per share, Jia Yueting's dream of building a car can only come to an end.
It is worth noting that Faraday Future's stock price has soared by more than 30% before, which once made the outside world see the hope that the stock price will return to its peak, but because Jia Yueting did not bring substantial good news, the stock price did not receive strong support, and was finally beaten back to its original shape.
Shares
On the one hand, Jia Yueting's Faraday Future has not released news to the public for 21 days, causing the market to lose control of its car-making progress; in addition, it has been unable to obtain new capital injections, whether it is the rent of the factory or the huge personnel salary, which consumes Jia Yueting's few cash flows every minute and second, and they have been unable to afford the rent of the headquarters; moreover, the plan to go to sea is not smooth, whether it is to go to the Middle East or Europe, or to return to China to build a car, Jia Yueting is thunder and rain, and has not paid substantive action, the reason for this is that lack of funds is the key。
Of course, the model on sale is too single is the focus of criticism from the outside world, the current FF 91 from the original planning has been 7 years has passed, but the company has been established for 9 years, to this day, still only 11 cars have been delivered, and all of them have been recalled because of airbag problems, obviously, the high price is the main reason for the failure to boost sales.
2017
According to Jia Yueting's repeated emphasis on the outside world, at this stage, he will only focus on spire users, even if he will seek more market share in the future, he will maintain the lock of mid-to-high-end users, and will not explore and develop in the sinking market.
In short, even if an entry-level model will be launched in the future, the price will be very expensive, perhaps in Jia Yueting's view, only by taking the mid-to-high-end route can the price war be avoided.
Jia Yueting
But the problem is that blindly locking in the spire users will lead to too few orders, so that the factory capacity is greatly idle, and now this is proven, the loss of orders will lose cash flow, what will Jia Yueting use to pay rent and personnel salaries? Therefore, the timely launch of entry-level models and the start of the plan to return to China as soon as possible is the key to turning over.
Although the competition for new energy vehicles in China is very fierce, Jia Yueting still has a chance to make cars if he returns to China, after all, Jia Yueting's popularity is still there, and the design of FF 91 is quite avant-garde, which can gain the support of a group of science and technology enthusiasts.
Write at the end
As an entrepreneur, Jia Yueting may have failed, but as an entrepreneur, he is absolutely qualified.