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Faraday Future to sell site of $1bn US factory, seeks $40mn
short by Kanishka Pandey / on 15 Mar 2019,Friday
Cash-strapped electric vehicle startup Faraday Future has decided to sell its 900-acre Las Vegas factory site, seeking around $40 million. The production facility was initially delayed in 2016 before the Tesla rival abandoned the $1-billion project in 2017. Faraday Future had reportedly extended unpaid leaves it had earlier given to some workers in December 2018 indefinitely.
short by Kanishka Pandey / 04:04 pm on 15 Mar
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