Faraday Future Intelligent Electric Inc. (FFIE) is experiencing a significant surge in its stock price today, driven by a combination of recent announcements and speculative trading activity. The company revealed plans to unveil its Faraday Future FX prototype car at CES 2025 in Las Vegas from January 5-7, which has generated considerable excitement among investors. Additionally, the announcement of the first delivery of the FF 91 2.0 Futurist Alliance electric vehicle to Luke Hans, a prominent figure in the Los Angeles Chinese community, in January 2025, has further fueled investor optimism. This delivery marks a significant milestone for the company as it represents the first delivery of this model in the new year.
On Reddit, discussions are buzzing with speculation about FFIE's potential for a short squeeze. A post on r/Shortsqueeze highlights the stock's recent upward movement, with some users eyeing a price target of $10. However, caution is advised, as one user warns, "Be careful with this one, this might actually be a trap to lure in more unsuspecting investors thinking it was a sure golden ticket." Another user notes the stock's history of sharp spikes and subsequent declines, suggesting that the current rally could be part of a larger pattern of volatility.
FFIE's stock is currently trading at $2.58, up 46.88% from its previous close of $1.76. The stock has seen a high of $3.21 and a low of $2.19 today. Despite being just over an hour into the trading day, the stock has already seen an extraordinary volume of 79,358,819 shares traded, representing 1,089.96% of the average daily volume of 7,280,888 shares, indicating unusually intense trading activity this morning.