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Faraday Future makes Nasdaq debut

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Faraday Future makes Nasdaq debut

Electric vehicle maker Faraday Future debuted on the Nasdaq on Thursday. The company’s shares gained 1.45% from an issuing price of $13.78 during its first of trading day. The California-based EV startup has no product offerings yet and plans to produce a limited-edition $180,000 EV in the next 12 months. Chinese entrepreneur Jia Yueting, who filed for bankruptcy in 2019, founded Faraday in 2014 and now serves as its chief product and user officer. [CNBC]

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