Faraday Future surges with CES reveal ahead
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 31 December 2024
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.1 | Good morning on this final Tuesday of 2024, Tuesday, December 31st. I'm Julie Morgan. |
| 0:15.9 | Faraday future sky rockets ahead of a big reveal. Temperseley attempts to address concerns of the FTC, |
| 0:23.3 | and Tel Aviv looks to be making major changes in 26. |
| 0:29.0 | Faraday Future Intelligent Electric soared 78% on Monday on reports that the Faraday Future |
| 0:35.8 | FX prototype car will be unveiled next week. |
| 0:39.6 | The unveiling is expected at CES 2025 in Las Vegas on January 5th through 7th. |
| 0:46.3 | The company is also expected to provide a strategy update at CES. |
| 0:51.0 | In addition, the electric vehicle company announced that entrepreneur Luke Hans |
| 0:55.4 | will take delivery of the first FF91 2.0 Futurist Alliance EV in 2025 during a delivery |
| 1:03.5 | ceremony with executives. Hans was noted to have business interest spanning real estate, car |
| 1:09.5 | rental, oil, pharmaceutical, and film production, |
| 1:13.3 | with operations in China, Canada, and the U.S. |
| 1:16.5 | He was signed as a Faraday Future developer co-creation officer |
| 1:20.4 | and is expected to play a key role in supporting the company's business development, |
| 1:25.6 | product sales, and collaborative innovation efforts. |
| 1:28.8 | Last week, Faraday Future secured approximately $30 million in cash financing commitments. |
| 1:34.9 | The funds will be used to accelerate the company's growth and the development of Faraday-X, |
| 1:40.5 | FF's strategy of launching affordable, high-performance AIEV-E-V-equipped vehicles. Pre-market FF's strategy of launching affordable high-performance AIEV equipped vehicles. |
| 1:46.6 | Pre-market FFIE is up 18%. |
| 1:50.1 | Temperseley International posted its largest one-day gain in over a month on Monday. |
| 1:56.4 | TPX rose 3.5% as the company took steps to address to Federal Trade Commission's opposition |
... |
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