Three additional executives have departed Faraday Future over the past month. It no longer has its CFO, CTO, or vehicle manufacturing chief, adding to the struggling company's problems. Faraday Future has nearly exclusively had bad news this year.
It had to suspend plans for a $1 billion production facility in Nevada and the electric vehicle startup also dropped its plan for 7 vehicles down to just 2. Faraday Future continues to experience financial difficulties and The Verge claims morale is low among its workforce.
Stefan Krause, its former CFO, came to the company from BMW. He was able to get some investors interested in the company, but they wanted Faraday's top financier, LeEco founder Jia Yueting, to give up control. Because that demand couldn't be met, they lost interest.