PSAC - Don't Buy Into EV SPAC Craze With Faraday Future

• Faraday Future doesn't have a very long past, but it is full of questionable business practices that have left the company fighting an uphill battle.
• The FF 91 has some admirable features, but very little is known about the vehicle and it still has many issues to iron out, chief among them achieving mass production.
• The FF 91 will be a niche product, due to its price tag, that will have a hard time selling any meaningful quantities.
• Faraday's debut SUV would be better served as a halo car than the company's sole product.
• Faraday will not raise enough money from their IPO to operate independently and will be forced to raise more cash in the future in order to progress.

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