Faraday Future Delays Launch of Debut EV, Warns Cash Is Short

Faraday Future Intelligent Electric Inc. is pushing back the start of production and deliveries of its long-awaited debut vehicle to the “third or fourth quarter of 2022,” and says it needs additional capital to pull off the launch.

The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check company, had previously said it planned to launch the battery-powered SUV as soon as this month.