On May 15, Faraday Future's (FF) stock price soared, with a maximum increase of nearly 490%, setting the highest increase since FF went public. Wall Street analysts said that in the context of the US government's increase in import tariffs on Chinese automobiles to 100%, FF's unique Sino-US dual gene and dual home model, coupled with the dual stimulation of the company's founder Jia Yueting to build cars through personal IP, is the core factor of this round of soaring.
FF's share price has continued to rise sharply for many days, marking that Jia Yueting's previous company's ongoing "FF listing qualification defense battle" has won a good start, especially the stock price soared by nearly 370% to give the capital market and the company's huge confidence.
FF skyrocketed, retail investors vs. Wall Street market reappeared?
Before the U.S. stock market opened on the 15th, FF had already shown a soaring momentum. At that time, the pre-market trading gain had risen to 34%.
After the U.S. stock market opened, FF's stock price quickly rose, climbing all the way to 190%, and then rose all the way to the highest point of the day at 489.84%, setting a record for FF's highest increase since its listing. As of the close, the trading volume of FF reached a staggering 1.562 billion shares, with a turnover rate of 3661.02%, setting a new all-time record.
On the news side, FF is not obviously very positive. But the notable news side is that Keith Gill, the "number one bull" who once promoted the "retail vs. Wall Street" in 2021, is back after three years, and Jill, whose social media name is "Roaring Kitty", has published his first post since June 2021, which is about a meme image of a man sitting in a chair, suggesting that he is "getting serious". Some traders see this as a sign that Jill is about to move again.
With the return of "Leading Big Brother", the game station rose 74% on Monday Eastern time, and rose 21% after the session; AMC, which also became a hot spot for short squeezing three years ago, soared 79.73%, and rose 24% as of press time; Reddit, the "home of retail investors," rose 8.78% on Monday and 2% after hours. FFIE, which was also shorted by institutions, also rose sharply, and on May 14, FF's stock price rose 32%, and it still rose after the close. After-hours trading was up to 29%. On May 15, the stock price rose by as much as 489%, and it rose 29% after hours.
Analysts believe that FF's surge may be a sequel to "Retail vs. Wall Street".
Due to the double resonance inside and outside, the advantage of FF double home mode led this round of sharp rise
The sharp rise of FF is related to the double resonance under the combination of internal and external factors of FF. In terms of internal factors, Jia Yueting, the founder of the company, officially announced that he would "start the battle to defend the FF listing qualification", and subsidized the construction of cars through personal IP, which attracted the attention of the capital market. It is understood that at present, external capital is contacting Jia Yueting to express his willingness to invest in FF.
The external reason is that the U.S. government announced on the 15th that it will impose tariffs on a series of goods from China, including electric vehicles, semiconductors, and medical supplies. The tariffs will be raised to 25 to 100 percent in seven sectors, namely steel and aluminum, semiconductors, electric vehicles, lithium-ion batteries, battery components and critical minerals, solar cells, harbour cranes and medical products.
Analysts believe that in the context of tariff increases, the FF of China and the United States with dual genes and two home fields will release its own bridge value.
According to Jia Yueting, FF plans to open up the complete technology chain and value chain accumulated in the past ten years that are fully adapted to the ecology of the U.S. automotive industry and leading products, technologies, compliance, and user ecological construction, to the whole industry, hoping that FF, as a bridge between the Chinese and American automotive industries, can not only create win-win value for China and the United States, but also bring China's high-quality goods and supply chain to the United States and overseas, and become a new value realization and revenue opportunity for FF.
It is understood that FF is the only American AI tram company founded by Chinese in the United States, and naturally has dual genes and dual home advantages in China and the United States. In the eyes of the capital market, this round of FF surge is the embodiment of Jia Yueting's personal IP+FF Sino-US bridge value, and under the dual stimulation of internal and external factors, the value of FF may be released on a larger scale.
U.S. stock analysts believe that helping Chinese auto companies enter the U.S. market is the most appropriate and easiest thing for FF to achieve. "It is precisely because of the fact that FF went to the United States to build cars ten years ago that FF has the ability to become an important bridge for Chinese cars to enter the American market." Jia Yueting said, "FF is willing to help Chinese car companies and supply chains quickly enter the U.S. market through its own "five decisive forces" and experience in the United States, under the premise of complying with relevant U.S. laws and regulations, greatly reducing trial and error and time costs." I hope to have the opportunity to cooperate with Chinese car companies to jointly create the most competitive and large-scale Volkswagen models in the U.S. market, so as to better meet the travel needs of mainstream users in the United States. ”
At present, Jia Yueting's hope to build a bridge between China and the United States has been responded to in China. 5month14day,@乐视超级电视 official Weibo:Mr. Jia (Jia Yueting) is the founder and soul of LETV and LETV TV,LETV super TV can be an important part of Mr. Jia's IP commercialization,I believe that with the help of Mr. Jia,It can help LETV TV greatly increase sales。 It is also expected that Mr. Jia can use his subversive product innovation capabilities and technological transformation capabilities to help LETV create a transformative next-generation intelligent product.