Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) on Tuesday announced it has elevated a board member as company's executive chairperson, slashed payouts of two top executives and suspended a vice president. What Happened: The leadership restructuring at the pre-production electric vehicle maker follows the closure of an internal investigation that was spurred by a short-seller report last year alleging the company is a scam and that it would never sell a car.
Palantir-Backed EV Maker Faraday Future Overhauls Leadership Structure In Aftermath Of Short-Seller Allegations