Faraday Future Is Still Alive Somehow, Announces Reverse Stock Split

Faraday Future, the California-based electric vehicle startup that has faced years of financial turmoil, is still clinging to life. The company recently announced a reverse stock split, a move typically used to boost share prices and avoid delisting from a stock exchange. While the brand has pivoted toward robotics and other mobility tech, it insists it hasn't given up on building cars—though its production track record remains extremely limited.

For the Saudi market, Faraday Future's relevance centers around its only model, the FF91, a high-end luxury EV positioned to compete with the likes of Lucid Air, Mercedes-Benz EQS, and Tesla Model S. All three of those rivals are already available or have confirmed plans in Saudi Arabia, backed by established service networks and growing infrastructure. In contrast, Faraday Future has yet to deliver a meaningful number of vehicles to customers anywhere.

Saudi buyers considering the FF91 should watch for signs of real market presence. The reverse stock split is often a red flag for financial distress, and while the company has teased new prototypes and even a second model, actual production volumes remain minuscule. Additionally, the pivot to robotics raises questions about long-term commitment to automotive manufacturing, especially for a brand that would need to set up service and support in a new region.

For now, any Saudi shopper drawn to the FF91's futuristic design and claimed performance specs would be wise to compare it directly against the more established luxury EVs sold locally. Without a clear delivery timeline or local partner, the Faraday Future remains more of a curiosity than a serious option for the kingdom’s car buyers.