faraday future
Insiders say morale 'sucks' at electric-vehicle startups like Rivian and Lucid — and it could be a death blow for struggling Tesla wannabes
Employees are increasingly skeptical about their companies' odds of success, and sinking morale could prove a death blow to the young industry.
Investors are giving up on the 'next Tesla' as startups like Rivian and Lucid struggle. Insiders reveal why many are losing hope — and who's most likely to survive.
Newcomers like Rivian, Lucid, Canoo, and Xos scored huge valuations by promising to remake the auto industry. Their odds of success are dropping fast.
Struggling electric vehicle startup Xos Trucks loses manufacturing chief, a former Tesla vet
After four rounds of layoffs this summer, electric truck startup Xos is now losing its head of manufacturing.
The supply-chain crisis is slamming EV startups, such as Rivian and Lucid, and giving big automakers an edge in the race to go electric
EV startups, being young and under-resourced, can't reproduce what their incumbent rivals have. But they may be sitting on three advantages.
Power Players: Meet 30 leaders driving the electric-vehicle revolution at white-hot companies like Rivian, GM, and Lucid
From more than 110 nominations, Business Insider selected 30 leaders as most likely to usher the automotive industry into its electrified future.
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15 little-known companies that have already hit unicorn status in the booming electric car industry
Rivian might be the most successful example of an EV unicorn startup that has since gone public. Here are 15 other unicorns to keep an eye on.
Electric car startup Faraday Future slammed with shareholder lawsuits after admitting it "potentially" misled investors ahead of its $1 billion SPAC
Faraday Future's stock has dropped steadily in the past year, and since December, more than a dozen firms have filed claims on behalf of investors.
Insiders at Tesla wannabe Canoo say its CEO purged top talent and likely won't hit his overly ambitious production goals
The electric-vehicle startup Canoo has been on a rough ride since it went public via SPAC in December 2020. Some insiders blame CEO Tony Aquila.
The 7 coolest electric cars coming soon from startups, from Aptera's solar three-wheeler to Canoo's pickup
Aptera says you'll never need to charge its solar-powered three-wheeler. Lucid's Air Pure sedan aims straight at Tesla. And many more are on the way.
How Faraday Future came back from the brink of death
"The company's past was an immediate red flag," the CEO of the SPAC that merged with Faraday told Insider. Here's why he made the deal anyway.
Churchill Capital Corp IV has surged 70% in just 4 days amid Lucid Motors merger talks
Churchill Capital Corp IV's reported Lucid merger will take advantage of key themes in the market: SPACs and EVs. Shares are up over 70% on the news.
EV startup Faraday Future targets $3 billion public debut as SPAC craze continues
Faraday Future is helmed by Carsten Breitfeld and is working on the development and production of its flagship model, the FF 91.
7 electric car CEOs battling Rivian founder RJ Scaringe to be the next Elon Musk
Rivian's RJ Scaringe and Fisker inc.'s Henrik Fisker are among the CEOs hoping they can replicate the success of Elon Musk and Tesla.
Investors like Amazon and BlackRock are betting these 10 EV startups have the best chance of becoming the next Tesla
Rivian, Lucid Motors, and Canoo are among the best-funded electric-vehicle startups that are trying to replicate Tesla's success.
How the man who challenged Tesla went bankrupt
In 2015, Faraday Future made headlines for poaching talent from top automotive companies. This is how its star CEO, Jia Yueting, went bankrupt.
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Elon Musk reveals what Tesla would have been called if the company hadn't bought the rights to the 'Tesla' name
Elon Musk reveals what Tesla would have been called if the company hadn't bought the rights to the "Tesla" name
Faraday Future is reportedly putting at least 250 employees on unpaid leave
The electric vehicle startup Faraday Future has put at least 250 employees on furlough, The Verge reports.
With nearly all of its founding executives gone, electric-car startup Faraday Future looks for an emergency lifeline
Faraday Future says it's exploring strategic options, including debt and equity financing after the departure of cofounder Nick Sampson and others.
Faraday Future is almost out of money and forcing some workers to take unpaid leave: Report
The electric vehicle startup Faraday Future is close to running out of money as it forces some workers to take unpaid leave, The Verge reports.
Faraday Future is laying off workers and cutting employee salaries by 20%
A Faraday Future representative told Business Insider that it will reduce the wages of hourly and salaried employees by 20% while laying off an undisclosed number of workers. The company representative said the pay cuts are temporary and the automaker hopes to eventually reverse them.