> Founded in 2014, Faraday Future has spent more than $1.7 billion (around $900 million of which was Jia’s) on its own and has yet to start manufacturing its first vehicle, a luxury SUV stuffed with screens known as the FF91. Instead, the startup is more famous for foibles linked to Jia’s penchant for bombast and his financial mismanagement — both of which The Verge have documented in recent years. And by its own admission the company needs $850 million in order to kickstart production of the FF91.

URL:
https://www.theverge.com/2020/5/22/21268043/court-jia-yueting-faraday-future-bankruptcy-plan
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