On May 16 local time, the stock price of Faraday Future (stock code: FFIE, hereinafter referred to as "FF Auto"), a high-end electric vehicle enterprise founded by Jia Yueting in the United States, continued to rise and has risen for five consecutive days.
On May 16, local time, FF cars once rose more than 200% in the session, and due to the abnormal fluctuation of the rise and fall, they were suspended twice at 9:59 and 13:22 on the same day, each lasting for five minutes.
By the end of the day, FF Auto had broken the $1 delisting red line and closed at $1.65 per share, with a total market value of $70.41 million, up 134%. It has increased by 3924.39% since May 10. The reporter from Nandu · Wancai News Agency also noticed that the vitality of FF cars remained unchanged after the turn of the day, rising more than 18%, and it was only a short shot from the $2 barrier.
Previously, in August 2023, FF Automotive announced a reverse equity split, which is intended to raise the value of each share through joint stock, so as to meet the listing requirements. After the joint venture, the share price of FF Auto reached 22 dollars/share on August 17 of the year. However, since the beginning of September, the company's share price has plunged by about 96%, and by the beginning of November, it had fallen back to the "immortal stock" level.
Now, FF Auto has washed away its "immortal stock" through free market trading, which may also prove that the stock has regained the confidence and recognition of the capital market. Jia Yueting attributed it to the "FF's prominent role as a bridge between China and the United States" in the context of the United States' increasing tariffs on China's imported electric vehicles.
According to the official data of FF Automotive, FF Automotive will deliver 10 FF 91 2.0 Futurist Alliance vehicles in 2023. On February 7 this year, FF Automotive announced the delivery of one FF 91 2.0 Futurist Alliance to the outside world again. So far, Jia Yueting has built the vehicle for nearly 10 years, and delivered a total of 11 vehicles, one of which was owned by himself.
Interviewer: Chen Jing'an, reporter of Nandu · Wan Financial Society
