Faraday Future Intelligent Electric Inc. (FFIE) has not been in the news recently, but discussions on Reddit reveal a mix of skepticism and hope among investors. A recent post highlighted the company's local sourcing initiative in Ras Al-Khaimah, UAE, which some users dismissed as another empty press release. One user sarcastically remarked, "I'm sure this one will totally stop the share price from plummeting like the Hindenburg," reflecting a general sentiment of doubt about the company's future prospects.
Reddit discussions also touched on the company's history of reverse stock splits, with users expressing frustration over the stock's performance. One user noted, "The most recent split, 1/40 happened a couple of months ago. The price was like .14 cents then it split up to $5 and now it’s back to $1.12," highlighting the stock's volatility and the challenges faced by long-term investors. Despite the skepticism, some users continue to hold out hope, with comments like "FFAI to MARS!!!" indicating a mix of irony and optimism.
Currently, Faraday Future's stock is priced at $1.11, reflecting a slight increase of 0.91% from the previous close.