Faraday Future Intelligent Electric Inc. (FFIE) is experiencing a surge in its stock price, driven by a combination of speculative trading and recent company announcements. On December 30th, Faraday Future announced the upcoming delivery of its FF 91 2.0 Futurist Alliance electric vehicle in January 2025, marking a significant milestone for the company. This announcement has sparked interest among investors, as it signals progress in the company's product development and potential revenue generation.
Additionally, discussions on Reddit suggest that retail investors are eyeing FFIE as a potential short squeeze candidate. A post on r/Shortsqueeze highlights the stock's recent upward movement and the possibility of further gains, with some users speculating about a price target of $10. However, there is also caution among investors, with some warning about the risks associated with the stock's volatility and the company's financial health.
FFIE's stock is currently trading at $1.96, up 11.36% from its previous close of $1.76.