Inside Faraday Future's Financial House of Cards (theverge.com)

Sean O'Kane, reporting for The Verge: When Faraday Future emerged from stealth mode in 2015, it promised to transform the car industry with an American-made luxury electric vehicle that would someday be fully autonomous, maybe even sold through a subscription service. As we learned at CES 2017, the company was taking aim at Tesla with a car -- the FF91 -- that was designed to dazzle, with a 0-60 time of 2.4 seconds as jaw-dropping as the proposed $180,000 price tag. Since then, though, Faraday Future has been more focused on survival than speed. The Verge has learned from multiple sources about the nature of the company's financial plight. While Faraday Future posed as the newest California electric car startup that attracted top auto industry talent, 10 former employees and one person close to the company say the behavior and business practices of its chief investor have brought business to a halt. Also read: Everything wrong with Faraday Future's "Tesla killer"

Comments

Re:To be fair Tesla's having trouble as X killer t

[DontBeAMoran]

As far as I know, the goal of Elon Musk was to push other manufacturers into making electric cars.

I'd say he succeeded, at least partially.

Re:Wrong path

[torkus]

The 0-60 time is a byproduct of EV design as much as it is an inherent feature of high power, high efficiency electric motors.

EVs get significant boots to efficiency by being able to reclaim energy while stopping. Car brakes are typically significantly more powerful than the engine...so if you want to rely on electric braking to the equivalence of physical brakes, you need a generator (motor) capable of that level of power. The cost is moderate to small while the benefit (range) is a fundamental, key selling point of your vehicle so of course you do it.

The incredible 0-60 times are a *byproduct*, but make a much more flashy and easy to understand selling point than '500kW peak engine braking power to maximize battery range'