Soared 86 times! Jia Yueting is really "the god of wealth of American retail investors", which is to suffer domestic stockholders

Jintou.com

2024-05-21 17:28Published on the official account of Zhejiang Jintou.com

Recently, Jia Yueting has been "crazy" in the United States, and his FF car has been "resurrected" in the U.S. stock market, and the stock price has soared nearly 86 times in a week, from the lowest 4 cents and 5 cents (US dollars) to the highest of 3.9 US dollars a share.

Let's take a closer look:

On May 13, a single-day increase of 32.32%;

On May 14, a single-day increase of 367.21%;

On May 15, a single-day increase of 147.2%;

On May 16, a single-day increase of 134.04%

On May 17, the U.S. stock market soared 136% at the open, and the stock price reached a single-day high of $3.9.

So why is it so fierce?

may be because Jia Yueting is ready to "bring goods and become an Internet celebrity".

Last month, FF was warned to be delisted by the Nasdaq because it closed below $0.1 for 10 consecutive trading days.

In order to keep the company's listing qualifications, Jia Yueting specially posted a video, saying that he wanted to commercialize his personal IP to make money as soon as possible, partly to repay debts, and partly to subsidize the company's car.

And recently, the United States has sharply increased import tariffs on Chinese cars, announcing that it will impose tariffs on a range of Chinese goods, including electric vehicles, computer chips, and medical supplies. Among them, the tariff on electric vehicles in China will rise from the current 25% to 100%.

This makes it difficult for Chinese cars to enter the U.S. market again, and if they want to enter in the future, they may have to rely on FF to build bridges, cooperate with it or buy it. Previously, Jia Yueting also said that he hopes to become a bridge between the Chinese and American markets and the global overseas market, help Chinese enterprises and merchants to achieve products and brands going overseas, bring China's high-quality goods and supply chains to the United States and overseas markets, stimulate China's foreign demand and solve the pain points of all parties.

In addition, FF itself also has some potential M&A value, and the stock price will rise wildly under various expectations.

But to put it bluntly, these are just expectations, Jia Yueting has been making cars for 10 years, and a total of 11 vehicles have only been delivered (at the beginning of 2024, Faraday Future issued its first recall plan, and the recall scope includes all FF91 cars produced last year, a total of 11 vehicles. It is worth noting that one of the owners is Jia Yueting himself), in this case, how can Jia Yueting break through?

In fact, since April, Jia Yueting has spoken out in the form of videos many times, trying to reshape his personal IP, and previously publicly responded to the 360 founder's call to return to China, which has also attracted a lot of attention.

Jia Yueting said that returning to his motherland as soon as possible is his biggest dream. I am willing to work hard to do anything that can earn money to pay off debts, make money to build cars, build cars to pay off debts, and return to the motherland as soon as possible.

He also said that over the years, LeTV has repaid more than 10 billion US dollars, which may be the world's largest personal guarantee case. Five years ago, he applied for a personal debt restructuring in the United States, and reached and completed a restructuring plan. Under the U.S. legal system, there is no longer any debt. Nevertheless, we will still do our best to settle the debts under the Chinese legal system as soon as possible.

As of press time, Jia Yueting has 19.275 million Weibo fans and 1.574 million Douyin fans.

Now, netizens speculate that Jia Yueting may soon start "live broadcasting". Previously, there was a precedent for Luo Yonghao to quickly repay his debts through personal IP live broadcast. If this is the case, then Jia Yueting may meet Gaohe Automobile, which he previously called "industry shame", on the live broadcast track.

According to public data, in the previous live broadcast, Gaohe Automobile received 1.467 million views, and sold 700 products within one hour of the broadcast, with sales of about 100,000 yuan. Looking at it this way, compared with the tens of billions of dollars burned to build cars, it is a drop in the bucket.

In short, overseas investors have made a lot of money, but LeTV's shareholders are still waiting to repay the money.

Last year, LETV's first-instance judgment was released, requiring LETV and Jia Yueting to compensate investors for more than 200000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Some people may be puzzled, didn't Jia Yueting say that he has repaid more than 10 billion US dollars for the company and LeTV over the years, why do you still have so many debts?

I'm not fooling to say this, according to the latest financial report in 2023, in the first 9 months of last year, LETV achieved revenue of 140 million yuan, with a net loss of up to 1.59 billion yuan, while the debt still exceeded 20 billion yuan, reaching 23.63 billion yuan. That is to say,6 years have passed,From the huge loss of nearly 14 billion yuan in 2017,To the delisting from the GEM in 2020 due to continuous losses,And then to the huge debt in 2023,LETV's operating situation has not improved,While the losses and liabilities are getting worse。 At present, the company's total assets are 1.823 billion yuan, and the debt ratio is as high as 1312.95%.

Do you think Jia Yueting can rely on FF cars to turn over this time? When will I be able to return to my home country to pay off my debts?

In fact, in my opinion, the skyrocketing stock price does not hide the actual problems that FF Faraday Future is facing.

On the one hand, judging from product deliveries, the FF91 has been delivered in very few quantities, and it has even been recalled, and the reason for the recall is that there is a problem with the airbag warning light of the FF 91. This is undoubtedly a huge blow for an automaker.

On the other hand, FF's financial situation is also worrying. Cash-strapped and debt-ridden make it difficult to maintain even basic operating expenses, let alone continue to invest in research and development of new products.

Therefore, Jia Yueting's return to China is far away, and I don't know if I can see this day full of miracles in my lifetime.

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