Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) shares are trading 3.5% lower in the pre-market session on Friday after activist short seller J Capital Research alleged that recently-listed EV SPAC is a scam and that it would never sell a car. What Happened: The short seller's latest report alleges that China-based Faraday Future has invented most of its bookings and failed to deliver a single car.
Palantir-Backed EV Maker Faraday Future Dubbed The 'New EV Scam In Town' By Short Seller: What You Need To Know