Anne Stevenson-Yang, the co-founder of J Capital Research, joins “The Chopping Block” to outline her short thesis on EV SPAC Faraday Future ($FFIE). Stevenson-Yang argues that among its many issues, $FFIE is still controlled by its founder Jia Yueting, a known fraudster and fugitive from justice whose long history of dubious business transactions has left him banned from Chinese markets for life by exchanges and regulators alike. In addition to these issues with management, she also highlights FFIE’s string of factory flops, inability to meet production timelines, mysteriously disappearing pre-orders, upcoming equity dilution, holders like China Evergrande that are likely to sell once lockups end soon, and much more.
The full report can be found on J Capital Research’s Website here: https://www.jcapitalresearch.com/index.html
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