nogas
Posts: 71
Joined: Wed Feb 15, 2017 12:02 am

Faraday ditches plant in Nevada

Wed Jul 12, 2017 12:15 am

https://www.usatoday.com/story/tech/new ... 467876001/

Once again Faraday has halted operations for plant in Nevada. This is happening at the same time as their biggest financial backer Jia Yueting has had all his assests frozen. Faraday says this is not the reason for the halt but it seems suspicious because Faraday has been pretty aggressive about moving this forward and invested 120 million themselves. Spokes person for Faraday say they are regrouping and plans are still going ahead just not right now

laev
Posts: 134
Joined: Tue Aug 09, 2016 8:10 pm

Re: Faraday ditches plant in Nevada

Wed Jul 12, 2017 9:28 pm

This seems to be typical for them to have super long derailments or postponements. hahahaha Imho I am pretty sure their largest backer having his assets seized is a big part of the reason lol

nogas
Posts: 71
Joined: Wed Feb 15, 2017 12:02 am

Re: Faraday ditches plant in Nevada

Wed Jul 26, 2017 11:10 pm

Well doesn't seem to be good news no matter how you spin it. The loss of the major backer is a big deal for sure. Nothing new in the news I see on it as of yet. Let's keep each other posted. Faraday has an up and down history always interesting to see what is happening and what they actually produce

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