Where's Faraday Future's Billion Factory?
Faraday Future is looking for an emergency lifeline as execs leave
- Faraday Future said on Thursday it was exploring strategic options, including debt and equity financing, as the last of its founding executives left the company this week.
- Nick Sampson, the company's one-time research and development chief, stepped down on Tuesday.
- The electric-car startup is embroiled in a bitter legal fight with its main investor, China's Evergrande Health Industry Group, after a planned billion investment went sour.
(Reuters) - Faraday Future said on Thursday it was exploring strategic options, including debt and equity financing, two days after the Chinese electric vehicle developer's co-founder Nick Sampson stepped down.
The company said it "can now welcome potential investors from around the world."
The move comes as the cash-strapped company, which has ambitions to overtake Tesla, is embroiled in a bitter legal fight with its main investor, China's Evergrande Health Industry Group, after a planned billion investment went sour.
Last week, Faraday Future got relief to seek financing from sources other than Evergrande Health, according to a interim ruling by a Hong Kong arbitration court.
Faraday Future has retained Stifel, Nicolaus & Co. as its financial adviser.
Video: Faraday Future in North Las Vegas on hold
Zara’s Evening 2015 Collection Is All About Runway Trends
Rob Kardashian Posts Kylie Jenner’s Actual Phone Number onTwitter—Twice
How to Stop Feeling Like a Failure
My Annual C-Section Rate Blog
Daria Werbowy for Mango Fall 2014 Campaign
5 Deliciously Fatty Recipes For Weight Loss
La Casa de Papel volverá con un nuevo personaje y la confirmación de una cuarta temporada
Soccer Scores a Goal for Senior Fitness
Obesity News: Can Breastfeeding Really Spare Your Child from Weight Problems
Scotland Yard rejects phone tap inquiry
Short-Term Diets Can Have Longer Effects
Absolutely Fabulous fashion, then and now
5 Biggest Mistakes Youre Making At Breakfast
Why bitching is actually good for you