Faraday to name CEO

It's always a concern when a company doesn't have product but talks as if it does. That always sounds like a scam. And all the early investors that put in money are held hostage. They can't say anything negative and can only hope for future investors to dump money in so that the oldest investments get rescued by the new ones. So those old investors might even say false things about how good the company is or other lies.

The problem with chinese-run investment companies is that some of them are scams. Even solid companies may have falsified inspection documents because the independent 3rd party inspectors may also be bribed, blackmailed, or be with a corrupt company themselves since the government often orders companies to do some things regarding foreign investments because powerful politicians have investments to take care of.

For example, in order to sell machinery in China, the Caterpillar corporation was required by the chinese government to make investments at the beginning and years later on. China also has the law requiring 51% ownership by chinese partners.

qz.com/45662/caterpillars-china-accounting-scandal-is-all-too-common/

In this example, Caterpillar lost $580,000,000 dollars off its initial investment when the documentation proved to be false. Lots of foreign investors get huge losses when they invest in chinese firms. Individual investors can also purchase stock in a company. This stock can have conditions such as vote only counts 1/1000 of a normal chinese stock share, does not get dividends, is unsecured. So what did you actually buy?

Picture of chinese storefronts in a large plaza mall shopping center. It's a place suitable for tourists looking for lower-priced chinese goods.

The newest electric car meme company.

Except unlike Tesla they can't seem to do anything. I'll give Tesla that, at least they've made cars.

>I'll give Tesla that, at least they've made cars.
Tesla wasn't a chinese sponsored company to begin with. The investors also saw that there were actual assets that could be used as collateral to be sold off upon failure. That's why investment money kept on rolling in until the cars were good enough to be sold to actual customers and not test customers.

Faraday spent the tons of money it got previously. And what does it have to show for it? When in doubt, follow the money trail. Where are all the assets? Cleverly transferred to the chinese. How it works is in the beginning, Faraday owns assets from all the investment money. It then says it needs more money and the chinese investors with the voting power force the board to sell the assets at bargain basement prices to chinese companies that then lease those assets back to the Faraday set of companies, thus turning Faraday into a shell. This was done progressively in steps to avoid triggering a usa government investor fraud situation.

At the end, the money is spent, but the chinese companies own the production assets, machinery, the patents on the electric car production machinery, etc. The intellectual property for the actual electric car is owned by some Cayman corporation which is owned by chinese investors and chinese companies.

The Faraday investors own what Faraday owns. That's whatever office equipment, buildings it has. And the mountains of debt. Debt is profit of course to whoever holds the physical assets that debt was used to purchase.

>Except unlike Tesla
Tesla's battery packs also seem to keep on working. I worry about the quality and longevity of chinese-made batteries.

>Except unlike Tesla they can't seem to do anything.
Faraday is making a lot of money for certain chinese investors though. They eat up all that investment capital. It doesn't matter if Faraday dies because they will just form a new company name and cast aside the old names that have a bad predatory reputation.

Can you shut up already, Chang?

bald dude is such a creep
makes elon musk seem charismatic

you won't find faraday vaporware supporters here

faraday even lost its chief engineer and other important engineering staff

lots of different people posted in old threads about faraday and almost no one likes the company. it doesn't matter if the car has interesting claim features if there is no dealer chain to give warranty support. how much pay would chinese give to shops to do warranty work? prolly less than what other manufacturers give because chinese companies don't think of warranty service as pride but as nuisance to be avoided.

there are also slightly more tangible products

fukken lol'd at the guy getting in the car to take the self-driving. Did they really do this? With the door being opened and all?

>Be Tesla
>Start small, use a pre-existing chassis (albeit modified), re-body the panels and use a simple but effective powertrain. All built under license, essentially.
>Time to move up, introduce a simple but effective luxury sedan. Built in a pre-existing factory.
>NOW jump and build a low-cost mainstream-ish sedan with a huge battery factory

>Be Faraday Future
>Lol give us all our money for this Tesla Model S fighter that we're trying to make to compete with the Model 3.

Will Lucid outcompete Faraday to making a tested crash-worthy product that can actually be sold to consumers?

As any brand of electric car goes, with all that clustered battery weight low on the ground, I wouldn't be surprised that these cars simply have their tops sheared off as they slide underneath other cars in crashes. Gasoline cars have that big tall engine up front that doesn't slide under cars.

Current crash tests are into those solid walls. They are not like real cars that allow a car with no engine obstacle to slide underneath in a wreck. I'd like to see separate crash tests where they make a solid barrier that is similar to the height of a sedan or SUV bumper. It's less realistic than a real car as the barrier doesn't move upwards. But if the crashed car slides under that barrier, then that might be quite devastating damage.

exactly. And with tesla that goes even deeper - for the model 3 they will be making the simplest configuration first. Elon said he regret not doing that with the X

>there are also slightly more tangible products
Lucid hasn't even gotten a working factory going. So its products are not very tangible nor are they production types. They're more like reskinned versions of competitors' production electric cars with a few gimmicks added.

Lucid doesn't seem to be announcing anything ground breaking about their car that they did themselves. Their car factory isn't a real factory like Tesla. Lucid will be assembling major assemblies made elsewhere such as Mexico or China. So it's more like lego blocks.

Lucid, or it's engineers technically did do a lot of that design work themselves though as Lucid is run and staffed predominantly by ex Tesla and Mazda employees. Their head is the former lead engineer on the Model S. Most car factories in North America are basically just final assembly points for imported parts from Mexico, Asia and Europe; and more recently South Africa. I'm pretty sure the reason why they chose Arizona for their factory is because it's near the Mexican border. Mexico already has a pretty expansive supply chain for aluminum frames and hybrid/electric vehicle tech that Ford and VW utilizes in their Mexican plants, Lucid is just going piggyback off of an already established supply chain.

>Lucid is run and staffed predominantly by ex Tesla and Mazda employees.
That's what the Chinese are doing. Taking away technology from Tesla and Mazda. Lucid's IP is owned by a chinese controlled offshore company separate from Lucid.

>I'm pretty sure the reason why they chose Arizona for their factory is because it's near the Mexican border.
Arizona gave them the best bid by a good margin as the state was desperate to have some sort of manufacturing faciility. Arizona is even paying the Lucid company for the training costs of the Lucid workers to learn to build the cars.

I think you're confusing Lucid with Faraday. Faraday is a legit large scale scam operation. youtube.com/watch?v=HA18oyyG-xg

There are Chinese firms invested into Lucid but the company is predominantly controlled by a Japanese bank and the Rockefeller family's venture fund. It's a solid company.

Why does an electric car need a huge air scoop in front?

>company is predominantly controlled by a Japanese bank
It is chinese accounts acting through that japanese bank as a front.

>fucking air conditioning, how does it work?

air conditioning and cooling of the motor and batteries.

Air

I'll do it. I don't mind being CEO of something that is likely to fail anyway because it won't be my fault

If not for Chevy GM, Nissan, and Tesla releasing production volume electric cars for years, Faraday would have failed long ago. What keeps Faraday going is the hope that new investors will dump money into the company so that existing investors can cash out. But it could do that without GM, Nissan, and Tesla making EV a positive successful concept.

All of them bailed including the chief engineer. How much of the new investor's money will be spent not on developing the company but on paying off all the compensation packages?

It's funny that electric cars need more air than ICE ones.

>Faraday will name a new replacement Chief Engineer in 4 weeks
>Faraday will get another new CEO when they get around to it

What has Faraday announced as their production factory? How built up is it? How many workers are trained to operate equipment to build the cars for it?

Are you sure about that? Sumitomo is pretty hard in to Lucid. Part of the reason why Lucid has so many Mazda employees is because Sumitomo is partially owns Mazda and helped move talent over to ensure a competent staff was hired. Anything linking Sumitomo to the Chinese, because I honestly don't believe they're functioning as a Chinese proxy. They're like the 3rd biggest conglomerate in Japan.

Have to dig up all the archived Lucid threads to see if someone posted more URLs to news articles about Lucid.

It doesn't need giant ugly air scoops for sure.

Faraday has been puttering along so long now. Can it really be still called a "startup"? Since companies like GM put out new products, can't we also call GM or Ford or Mercedes startup companies too?

So Musk is going to make the simplest versions of Model 3 first in order to complete the sales of car units the fastest. That makes sense because with more cars on the road, that also gives other places more incentive to install more Tesla charging stations (and they can charge a fee for that).

At least release of the Model 3 won't cannibalize the market for Faraday or Lucid. The Tesla is too low-priced. The high-priced Lucid and Faraday are for the wealthy customers.

What is tangible about a Chinese-owned company that keeps their patents in a shell corporation and doesn't let you know who their real shareholders are?

chinamoneynetwork.com/2017/03/17/leeco-backed-lucid-motors-reveals-pricing-of-its-all-electric-sedan

>There isn't much clarity regarding the company's background or its key shareholders.

>One of Lucid's investors, struggling Chinese Internet company LeEco, is also a key backer of another U.S. electric vehicle start-up, Faraday Future.

It's the exact same scam, you're not fooling anyone.

Telsa is still making the models S and X for wealthy customers. They said they have no plans to stop production.

The Chinese sold their stake in lucid a long time ago. YT doesn't have influence over lucid like he does Faraday

I thought he sold it to Geely.

Boards like to vote themselves nice golden parachute packages.