Kunpeng Project
Jia Yueting has only 133 days left, and there is little hope of turning over
From 2014 to 2024, Jia Yueting unknowingly did the automobile business for ten years, and in ten years, many companies have gone from doing nothing to listed companies; In 10 years, many companies have grown from 0 to 100,000 in sales.
But in China, emerging car companies such as Ideal, Weilai, Xiaopeng, and Wenjie are all developing rapidly, but Jia Yueting has only sold ten cars.
Due to its poor performance, Jia Yueting was also successfully abandoned by the capital market.
FF will be closed at any time.
Whether you admit it or not, Jia Yueting is a business genius and a financial genius, and in the past ten years, FF has not been able to succeed, so that many people have lost patience with FF, but Jia Yueting has been able to deceive investors every time, making them stop on the verge of collapse again and again.
The most incredible thing is that FF has no profitability and no profitability, but in 2021, Jia Yueting was able to successfully complete the IPO.
In January of this year, FF was listed on the Nasdaq market as a SPAC, and the new company has a market capitalization of about $3.4 billion. Faraday Future made its public offering on July 22 of this year on the Nasdaq's ** market.
Faraday Future's IPO, so that Jia Yueting saw a glimmer of light, originally he also wanted to use more funds to raise funds, but was rejected by investors, Faraday Future has been prosperous from the beginning, until now, Faraday Future's ** has fallen to 0083 yuan, compared with 17 yuan at the beginning, has been more than 99%.
U.S. regulators suspended Faraday's trading because the company's trading had fallen below $1.
Faraday received a notice from the Nasdaq** exchange on December 28 of next year asking it to withdraw or not meet the going concern guidelines and criteria.
According to the NASDAQ listing regulations, in order to maintain the company's status, Faraday needs to be in 180 days, that is, before June 25 this year, Faraday's stock price in the next 180 days, if you want to maintain the company's status, you need to keep the company's position in the next 180 days, that is, in this time, the company's *** must remain above 1 yuan, otherwise it will be delisted.
However, at the current development speed of Faraday Future, can its ** rise to 1 yuan? Jia Yueting has been working on this, but I don't think there is much of a chance.
Jia Yueting is in a fight to the death.
Every time Jia Yueting is in a predicament, he can use his three-inch tongue to save the day, and Jia Yueting does have some means to save the day every time.
In fact, this is not the first time that Faraday Future has been threatened with delisting, as early as the beginning of 2023, Faraday Future was warned by Nasdaq for delisting because Faraday Future was unable to hold an annual meeting in its fiscal year and could not meet certain conditions.
Jia Yueting tried his best to keep the shell of Faraday Company, even in the face of difficulties, he still completed the production of the first car in May 2022, and the second car was successfully delivered in August, and with Faraday's continuous delivery, Jia Yueting also regained some trust, but even so, Faraday Future can only sell ten cars in 2022, which is far from the outside world's **, and Jia Yueting's previous boast is also a bit exaggerated.
Therefore, for Jia Yueting, the market has long run out of patience, and *** is the place that can best reflect its value.
In order to defuse this crisis, Jia Yueting once again played his old trick and demonstrated his "storytelling" ability.
Jia Yueting posted a paragraph for a period of time, which reads: "How can our ** businessman not help us? After all, FF is a very special kind of business in its own right. ”
Jia Yueting is very confident about Faraday's future, he believes that FF is a well-rounded car with no weaknesses and no weaknesses, and he makes it clear: "FF is the only company in the industry that has the best parts and products and technology. So, for FF, they're more than glading. ”
In fact, Jia Yueting's remarks were just to find a reason for Faraday's development, but no matter how hard FF tried, there was no way to stop FF's decline.
With one foot in the air, Jia Yueting wants to make a comeback, which is as difficult as climbing to the sky.
In 2017, Jia Yueting left LeTV and came to the United States alone, and everyone thought that he would continue his racing dream and let his racing dream rise completely in the United States.
Jia Yueting kept saying that he would come back next week, but seven years have passed now, and I don't know when I will be able to come back, and the most important thing is that in ten years, he has only sold ten units, and this result is really disappointing.
In the past ten years, Faraday Future has spent a lot of money in this decade, but it has never been able to achieve profitability, considering Faraday's ** and influence, coupled with the current car market situation, it is difficult for Faraday or Jia Yueting to gain a firm foothold in this decade.
We did not deny Jia Yueting's concept of automobile manufacturing, nor did we deny that FF91 is a good car, but this car had problems at this point in time.
First, Faraday Future's ** is too expensive, 300,000 US dollars, that is, about 2 million, and few people can afford it.
However, if you have enough money to buy a Faraday car, then you can choose one more Bentley, a Mercedes-Benz, a Rolls-Royce, and a BYD "Heads Up U8", who will pay for Faraday's future? Is it just that Jia Yiting's story is exciting?
You must know that other car companies, which have not experienced cruel market tests and gained a certain market recognition, but Faraday Future has only produced ten cars so far, which have not been accepted by everyone, and those top technologies are also in the hands of Jia Yueting.
And for people who can drive more than two million cars, it is different, they are very sensible, and no one is stupid enough to buy a car without a license plate.
On the contrary, Jia Yueting's car looks the opposite.
The general car companies will start from the low-end first, first do the low-end models, this approach has a relatively small error rate, but its potential customer base is also relatively large, thereby increasing the company's revenue and profits, providing enterprises with more funds to research and develop the market.
Only when a company has enough ability, he will enter the industry, this is a gradual process, China's new energy vehicle manufacturers, has told them with facts, from low to high, is the right path.
But Jia Yueting wanted to build a skyscraper without a foundation, which put Faraday's future in jeopardy.
Now Jia Yueting's top luxury car has been produced, but the performance on the market has been very average, according to the current state of FF911, Faraday's sales are difficult to increase, and even Faraday's operating expenses can not be compensated, the only way out is to rely on external funds, and according to Faraday's state on the **, he is likely to be delisted, and whether he can get funds at that time is a question.
If Faraday can't come up with enough results in the next 133 days, or even better results, then Jia Yueting will really come to the end of the road and will never have a chance to turn the tables around.