The joys and sorrows of the car bosses are different.
Here is Lei Jun to make a car and become a god, with an order of more than 50,000 in 27 minutes, and here is Yu Chengdong said that the M7 order is more than 170,000, and the M9 order is more than 70,000......
Jia Yueting, who built cars in the United States, has a very sad life, and has only delivered 11 cars so far, and one is his own. In addition, the market capitalization has fallen to less than $4 million, compared to nearly $5 billion at the peak, which is equivalent to a 99.9% decline.
If there is no miracle, maybe FF Faraday may be delisted, and the market value will be zero.
For Jia Yueting, the impact may not be much, anyway, he actually holds very few FF Faraday shares, and what is really miserable is Jia Yueting's creditors, once because of Jia Yueting's personal bankruptcy, was forced by Jia Yueting to exchange debt for shares, and now the shares are cleared, and the debt must be zero?
Before FF Faraday went public, Jia Yueting went bankrupt, and then he sat down with creditors to negotiate with his own FF Faraday shares to offset his personal debts.
For the creditors, there was no other choice but to bet that Jia Yueting's FF Faraday would succeed, so that they could get the money back, so they agreed to this plan and exchanged shares for debts.
In the end, Jia Yueting's approved debt totaled US$2.96 billion (about 20 billion yuan), which became a 17.2% stake in FF (calculated in terms of the proportion at the time of FF's listing).
At the same time, Xu Jiayin also invested 600 million US dollars in Jia Yueting at that time, which eventually became a 16.32% stake in FF Farath.
Jia Yueting was light, he no longer owed debts, he used FF Faraday's shares to offset these debts, and a golden cicada came out of the shell.
Normally, if the market value of FF Faraday reaches $17.2 billion, then these creditors can get back the full amount of their debts, and if they rise even higher, they can still make money.
As for Xu Jiayin, because he only invested $600 million, as long as it rises to $3.6 billion, he will not lose money, which is higher than $3.6 billion, and he will be able to make money.
So for these creditors, Xu Jiayin, there is still hope, after all, FF91 seems to be mass-produced soon, once mass-produced, with the current hot new energy market, the market value of 20 billion US dollars, it seems not difficult.
So everyone looked forward to it, and then the FF91 was mass-produced in 2023, and it was not almost a year, but only 11 units were delivered, and there were various negatives, and the final market value fell to less than $4 million today.
According to the current market value, the $3 billion of those creditors is only worth $700,000, and the $600 million invested by Xu Jiayin is only worth $650,000. And if it is delisted, it will be cleared to zero.
Pity these creditors, they were played by Jia Yueting in the palm of their hands, and they were willing to use shares to convert their debts into debts, but now they can't find anyone to reason.