Faraday Future just became a publicly traded company
Electric vehicle startup Faraday future is a publicly traded company.
It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh $1 billion was dumped into its battered war chest.
Electric vehicle companies are going public left and right thanks to the rise in popularity of special purpose acquisition companies (which you can read a great explanation of here). So are companies that supply some of the new technologies that make EVs possible, like lithium-ion battery manufacturers, as well as others in related industries, like autonomous vehicle startups…