Faraday Future Intelligent Electric Inc. (FFIE) has been a topic of intense discussion on Reddit, particularly concerning its recent stock performance and strategic decisions. A significant point of discussion is the Rule 201 short sale circuit breaker, which was triggered recently. This mechanism is designed to prevent stocks from being shorted excessively based on momentum, with one user noting, "Without it, a stock like FFIE could be driven down to $1.25 or $1.20." The sentiment around this event is mixed, with some users expressing relief at the circuit breaker's activation, while others remain skeptical about the company's long-term prospects.
Another hot topic is the company's financial maneuvers, including the release of 30 million shares to raise operating capital. This move has sparked debate among investors, with one user expressing disappointment but acknowledging the necessity for production viability: "I have lost a lot as a result, but I do feel that they can bring this together in the long run." Concerns about potential delisting also loom large, with discussions about the stock's ability to stay above $1 and the possibility of a reverse split to avoid delisting.
Despite these challenges, some investors remain optimistic, with one user humorously noting, "Up 1% since you posted, the party is back on." Currently, Faraday Future's stock is priced at $1.33, reflecting a slight decrease of 0.75% from the previous close.