According to the news on May 18, the share price of Jia Yueting's electric vehicle company Faraday Future closed down 37% today and fell 20% after hours, meaning that it fell by more than 50% in one day.
Faraday Future shares jumped another 135% to $3.9 after the market opened today.
What's even more suffocating is that Faraday Future's stock price has risen by 9,500% in the past seven trading days, or 95 times.
It was still $0.04 on May 9, and it reached a maximum of $3.9 on May 18, almost reaching 100 times, and then plummeted all the way to $0.78 after today's hours.
Today's trading volume reached 3.1 billion US dollars, with a turnover rate of 3378% and a market value of 43.95 million US dollars.
You know, Faraday Future's revenue in the third quarter was only $550,000.
In just 10 days, some people have become rich, and some people have been deeply trapped. Jia Yueting opened the champagne and thanked the gamblers for their generosity.