Faraday Future’s greatest shot at redemption could also be a SPAC


Picture by Sean O’Kane / The Verge

Regardless of a whirlwind of electrical car SPAC mergers in the previous couple of months, there’s nonetheless one startup flying solo that’s arguably the best-positioned. Sure, Faraday Future continues to be in the marketplace — although possibly not for lengthy.

Certain, Faraday Future is distressed and its electrical SUV is outrageous, however it developed legitimate expertise over the previous couple of years that’s additional alongside than what some opponents have. It’ll take some huge cash to get that car over the proverbial end line. Fortunate for Faraday Future, although, cash is now extremely straightforward to come back by.

Within the final seven months alone, a half-dozen startups have gone public or introduced plans to go public by merging with SPACs, or special-purpose acquisition firms — publicly…

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