Faraday Future Completes its First Production Vehicle

Southern California electric vehicle company Faraday Future announced this morning that it had completed its first-ever production-ready vehicle at its plant in Hanford, CA. The FF 91, a luxury sedan has been in development for years, and Faraday has faced a slew of setbacks, reorganizations, and brushes with bankruptcy on its road to production.

Against all odds, the car is finally here.

The EV purportedly boasts some ridiculous performance stats, with Faraday Future claiming “1,050 horsepower, an EPA-certified range of 381 miles, and 0-60 mph acceleration in 2.27 seconds.” Specifics on the pricing are not available, but the company has previously estimated the vehicle will cost around $180,000-200,000.

Faraday Future isn’t quite out of the woods yet, however. Despite raising $135 million back in February, last week the automaker announced that it would need a significant cash infusion before deliveries could actually begin to take place. But if there’s one thing that Faraday has been consistently good at, it’s raising money when the pressure is on.

If the money comes through, Faraday Future has announced a convoluted 3-phase delivery rollout. In the first phase, buyers who have paid in full will receive training on how to use the car sometime at the end of May, but won’t actually receive the vehicle until phase 2 which is set to start sometime in June. The rest of the customers will then receive their vehicles in phase 3, presumably, but dot.LA could not verify the timing of phase 3. Faraday Future did not respond to multiple requests for comment.

Despite the seemingly good news, Faraday Future’s stock has lost over 3% today, and is trading at just $0.26, suggesting that investors may still view the SoCal EV company as a longshot.