Why Faraday Future Stock Is Tumbling Yet Again
Shares of Faraday Future Intelligent Electric (NASDAQ: FFIE) had fallen 6.2% at 11:42 a.m. ET after the high-end electric vehicle (EV) upstart announced it had received a delisting notice from the Nasdaq exchange after failing to file a quarterly earnings report in a timely fashion.
The company said it expected the letter because it had formed a committee of the board of directors to investigate claims made by a short-seller as well as allegations of "inaccurate disclosures."
The Faraday Future FF91. Image source: Faraday future.
Source Fool.com
