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Faraday Future looking into claims of inaccurate disclosures

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Faraday Future’s FF 91 prototype electric crossover vehicle is shown at a press event for CES 2017 at The Pavilions at Las Vegas Market on January 3, 2017 in Las Vegas.

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Pre-production electric vehicle company Faraday Future is delaying its third-quarter financial report in order to complete an investigation into “allegations of inaccurate disclosures,” the company said in a filing Monday.

The delay follows a J Capital Research equity research report in early October in which analysts accused Faraday Future of fabricating vehicle reservation numbers, one indication of demand for the company’s future cars. The report also accused Faraday Future of lying about its capability to…



Source cnbc.com

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