The report and fate of Jia Yueting and Faraday have become an anecdote that has broken the myth of entrepreneurship in recent years. This article analyzes the real internal reasons behind his encounter, such as technical bottlenecks, management loopholes, and Jia Yueting's personal behavior problems. It also compares with the development of other new energy vehicle companies, warning us to correctly understand the difficulties of entrepreneurship and seek a balance between idealism and realism.
1. Why Faraday's sales are sluggish.
Faraday will only sell 8 cars in 2023, and low sales are inevitable. Analyzing the reasons for its failure, the technical bottleneck accounts for a large reason, such as the immaturity of power battery technology and the high failure rate of the motor system. In addition, Faraday's executives were frequently conflicted and disorganized, which was also an important factor. Finally, even if the technology is up to par, overpricing can severely limit sales. It is in stark contrast to companies such as Tesla and Li Auto.
Second, Jia Yueting's sales obstacle strategy.
Why does Jia Yueting set up such a high barrier to buying a car? There are multiple considerations for this: first, reducing the number of cars purchased can reduce the pressure on manufacturing; Second, setting thresholds can test user loyalty and select employees from them; Third, perhaps Jia Yueting did not make a profit his primary goal. These practices are truly incredible, in normal business logic.
3. Reflections on Faraday's market capitalization**.
Faraday's market capitalization fell from $40 billion to $30 million in just two years, and it was nearly delisted by the Securities and Exchange Commission. Regardless of the business layout, such a decline is extremely staggering. We should not think of a business entity as a mere numbers game for stock prices, the rise and fall of a business ultimately means the fate of thousands of employees. This is an issue that deserves our deep reflection.
Fourth, Jia Yueting's Dubai plan.
Jia Yueting has been making frequent appearances in Dubai lately, and seems to be planning to live here for a long time. For a business loser, choosing Dubai may be a realistic safe haven. We should not be critical of their choices solely from a moral point of view, because the shortcomings of the judicial system should also serve as an important frame of reference. The reality is cruel, but we need forgiveness after all.
5. Jia Yueting's personal wealth.
In China and the United States, Jia Yueting has a combined personal wealth of more than $6 billion. This was mainly obtained from the financing before Faraday's listing and the sale of Faraday's shares after its listing. We don't have to be jealous or attack Jia Yueting's huge wealth. Because the business world is full of uncertainties, success and failure are equally difficult. Only by moving forward in reality can we find the meaning of life.
6. Comparison between Xu Jiayin and Jia Yueting.
Six years ago, Xu Jiayin invested 800 million in Farath, and the money was spent a month later. When Xu Jiayin asked where he went, Jia Yueting's response was "It costs more money to build a car than to build a building." Now that the Xu Jiayin family is defeated, Jia Yueting can still live a chic life. We should not judge who is the winner in life, because the way of heaven is good reincarnation, and success is also a shopping mall, and we all need to be tolerant.
Comment 1: Jia Yueting's failure is full of drama, but it also warns us of how far the gap between ideals and reality is. We need to find a balance between dreams and reality.
Comment 2: Faraday and Tesla have very different fates, technology is only one aspect of success, and execution is more critical. It is difficult to start a business, and we must compare our hearts with our hearts.
Comment 3: Xu Jiayin and Jia Yueting let us witness the uncertainty of wealth. We should not attack either side, because the loser can also be the winner of tomorrow. Tolerance is our only way out.
We hope that through the above case studies and comments, we can inspire us to have a more peaceful attitude towards business and life. The road to entrepreneurship is full of difficulties, and we must maintain empathy. Only in this way can we survive in this era of rapid change.