The Future Of Faraday Future Depends On Its Electric Car Debut At CES 2017

Posted: Dec 3 2016, 3:33pm CST | by , in News | Cars & Vehicles

 

The Future of Faraday Future Depends on its Electric Car Debut at CES 2017
  • The future of Faraday Future depends on its debut at CES 2017
 

Reports are indicating the company may be in trouble and may not be able to reach its 2017 production deadline.

The much hyped about startup; Faraday Future’s story is starting to look bad. Two years ago the newly formed company had indicated they would unveil their very first all-electric production level car at CES 2016.

However what we saw at the event was a hastily compiled nonfunctional concept, which at the time had cost the company more than $2 million. Then Faraday Future promised a production ready car by 2017 but this promise is also predicted to be unfulfilled.

A report by The Financial Times indicated the first car by the startup will definitely be delayed. The car is supposed to make its debut at the upcoming CES 2017 and its production was believed to start by late 2017.

However an insider from the company has told quite a different story. According to the source the company has revealed to the people close to the matter that the deadline to make the car is now looking impossible.

The delay may be due to financial difficulties faced by their main investor the Chinese entertainment and technology group LeEco. Such difficulties were also the reason for halting the construction at Faraday Future’s car manufacturing facility in Nevada.

In another report, obtained by JaloPink, a former Faraday Future employee stated a delivery date of 2017 is not possible for the company.

Even if the company does come up with a prototype by CES 2017, they will not be able to mass produce the car in the same year and it will be a long time before it reaches production level. The same person also claimed if the car’s debut at CES 2017 ends badly then it will be all over for the startup company.

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