Faraday Future preps for its electric car reveal amid senior staff departures
Faraday Future released a video Friday of the electric car it will show at the Consumer Electronics Show in January, but the start-up still has a lot to contend with as it looks to officially enter the electric car space.
The 15-second video provides little information about the car itself. It includes a tagline that reads "Can't hear the engine? You're not supposed to," but the car itself is wrapped in a black cover to hide its exterior. The car, which appears to be a midsize crossover SUV, was seen driving on LA streets with the black tarp in August.
Faraday Future generated a lot of hype for a car reveal ahead of the 2016 Consumer Electronics Show, but some people were disappointed to only see a concept car. The company, though, plans to debut its first production car, the same one teased in the video, at the 2017 CES.
Faraday FutureBut the secretive start-up is running into a number of challenges as it preps for its big reveal.
Automotive News reported last week that Faraday Future is behind on a $21 million deposit for construction for its Nevada factory. Faraday Future will need to pay roughly $58 million in construction payments by the end of November, according to that report.
"Both organizations are working diligently to resolve the overdue payment, we are continuing to make progress at the site and a work stop order will not be issued," a Faraday Future spokesperson wrote in an Oct. 24 statement to Business Insider.
Jalopnik also reported last week that six top staffers at Faraday Future have left in the past two to three months. James Chen, general counsel and vice president of governmental affairs; David Wisneiski, finance director; and Sarah Ashton, associate director of governmental affairs were among the moves.
Faraday Future did not immediately respond to Business Insider's request for comment regarding staff departures, but the company told Jaloponik that the six employees had left the company.
"We can confirm that the people you named have left Faraday Future, many of them 2-3 months ago, to pursue other interests," Faraday Future wrote in a statement to Jalopnik. "However, Faraday Future’s turnover is extremely low compared to the industry standard."
You can watch Faraday Future's teaser video here:
http://www.youtube.com/embed/MhJeYC8mhoQ
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