Why Faraday Future Intelligent Electric Stock Fell Today
Faraday Future Intelligent Electric (NASDAQ: FFIE) stock fell double digits in Tuesday's trading. The electric vehicle (EV) company's share price ended the daily trading session down 11.1%, according to data from S&P Global Market Intelligence.
Faraday Future delivered its first EV today, a development that might otherwise be cause for bullish stock momentum. But the company has had a complicated history, and it appears that investors were hoping for a more concrete vision on the path forward following the delivery of its first FF 91 2.0 Futurist Alliance vehicle for the ultra-luxury EV market.
Following its plans to begin deliveries of its first EVs in 2018, Faraday Future has finally delivered its first vehicle. The FF 91 2.0 Futurist Alliance is a luxury SUV that starts at a base price of $309,000 and sports an impressive range of features. The EV specialist will also offer other versions of the FF 91 starting at $249,000.
Source Fool.com
