Faraday Future's stock price soared more than 30 times in 5 days. Is Jia Yueting's spring here?

According to news on May 17, Faraday Future’s stock price has experienced an astonishing increase recently. It has continued to rise for five consecutive trading days, and the stock price has surged more than 30 times , which has attracted widespread attention in the market.

According to the editor's understanding, as of the close of trading on May 16, Faraday Future's share price has rushed to US$1.65, causing the company's total market value to climb to US$70.41 million. This significant increase in stock price not only successfully pushed Faraday Future's stock price to above $1, away from the delisting warning line, but also marked the initial victory of founder Jia Yueting's ongoing "defense battle for FF listing qualifications" .

Faraday Future received a warning message from the Nasdaq exchange stating that the company faced the risk of being delisted due to non-compliance with listing rules. In order to retain FF's listing status, the company has taken a series of measures, including increasing capital and introducing new strategic investors. Despite facing some challenges, FF remains committed to achieving its go-to-market goal.

Jia Yueting performed a series of operations. Jia Yueting released a video last week saying that he will consider serving as the company's co-CEO with FF Global CEO Matthias, and will start commercializing his personal IP to make money and build cars.

He will work with the company's management team to take all feasible measures to strive to maintain the company's compliant listing status and start a battle to protect FF's qualifications as a listed company.

After a series of efforts, Faraday Future Automobile’s share price finally broke through the $1 delisting warning line, which undoubtedly brought new hope to the company’s future development. At present, Faraday Future has escaped the direct risk of delisting in the short term.

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