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EV startup Faraday Future continues its downward spiral since announced sweeping layoffs and salary cuts last October. Now it's dealing with mounting legal issues as 11 new lawsuits have been filed against the company since October. Suppliers and contractors are seeking almost $80 million in outstanding payments, damages and fees from Faraday.
Beyond the financial and legal issues, Faraday is now also losing crucial talent. The team which developed Faraday's electric drivetrain has defected to Rivian. And that should be a good thing for Rivian. The electric drivetrain of the Faraday FF91 SUV was its most impressive aspect as it was able to accelerate the FF91 from 0-60 in just 2.39 seconds. Faraday may be floundering, but defection of its experienced electric drivetrain engineers is a gain for Rivian.
Beyond the financial and legal issues, Faraday is now also losing crucial talent. The team which developed Faraday's electric drivetrain has defected to Rivian. And that should be a good thing for Rivian. The electric drivetrain of the Faraday FF91 SUV was its most impressive aspect as it was able to accelerate the FF91 from 0-60 in just 2.39 seconds. Faraday may be floundering, but defection of its experienced electric drivetrain engineers is a gain for Rivian.
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