LOS ANGELES--(BUSINESS WIRE)--Jun 16, 2025--
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250615190126/en/
It’s time for Issue 007 of the Weekly Investor Update. This week brings several seismic developments we’re excited to share with you.
Again, starting with S1 User Ecosystem
First, we’ve achieved another breakthrough in B2B pre-order collection for our upcoming FX model. We signed with Pinnacle Real Estate Group, the largest Chinese-American real estate brokerage in Southern California, a binding deposit agreement for 1,000 units of FX Super One, which includes a non-refundable deposit and a non-binding reservation, bringing total B2B binding deposits for the FX Super One to coverage of 3,500 non-binding pre-orders.
This establishes a global first: a “B2B2C” collaboration between an automotive company and a real estate brokerage. This is a highly innovative, asset-light sales model that is unprecedented in our industry, creating a disruptive eco-chemistry between the AIEV and real estate sectors, setting the stage for co-creation, sharing, and win-win outcomes. More collaborations with major real estate brokerages are underway to pioneer unique programs such as “Luxury Car + Luxury Home” and “Drive Home Together” (Car-and-Home Bundle Purchase). These initiatives will become a powerful user acquisition engine for FX to unlock mass market and craft blockbuster products.
This is another key innovation in our integrated model of Co-Creation Ecosystem Online Direct Sales and offline B2B sales. I will share more details in the near future.
Second, today it's finally time to announce Mariah Carey to be the next FF 91 2.0 Futurist Alliance owner. Her new car will be delivered soon. In the official music video for her newly released single Type Dangerous, both the FF 91 and FFZERO1 make a stunning appearance. I dare say, only a vehicle chosen by iconic superstars like Mariah Carey truly lives up to the name Ultimate AI TechLuxury.
This co-creation marks the formation of a virtuous cycle of high recognition and high loyalty for the FF brand, signaling our entry into a new stage of global cultural co-creation at the highest level. Buckle up, more GOAT-level celebrities and Hall of Famers may soon be joining the co-creation with FF, FX, and FX Super One, creating transformative value for the industry.
Next up, S2 to S4, Products and Technologies
We are in the middle of system integration for FX Super One’s custom-built AI software.We plan to showcase its unique capabilities at both the June 29 Private Preview & Co-Creation Event and the July 17 First Online Global Product Launch.
Moving on to S5, Capital Markets and finance
The second round of share purchase commitments by FX CEO Max, FF CFO Koti, and several other executives, totaling $60,000, has been officially approved and processed this week. Just like Jerry’s and my earlier share purchases, these transactions comply with the required cooling-off period rules for public companies. The broker will automatically process the transactions once that window closes. These insider purchases reflect management’s strong confidence in the company’s long-term value and are yet another demonstration of our core principle: “Stockholders First.”
It’s been an encouraging week for our stock performance—a sincere thank you to all our investors and retail stockholders for your ongoing support. That said, we must remain grounded. There’s still plenty of work ahead. For instance, during initial talks with certain supply chain partners, FF’s past history can sometimes make it difficult to quickly establish trust. That kind of “first impression bias” often means we have to work even harder to prove ourselves.
But, as I said at the Blue Book Forum a few days ago— once these partners take the time to understand us and engage in honest, transparent dialogue, they’ll see that we not only have a unique strategy and solid planning, but also the capability, experience, and resources to follow through on our promises. In fact, many S Tier 1 suppliers who recently visited us have told us that FF is more determined, more practical, and more relentless than they ever expected.
I want to take this moment to sincerely thank all the suppliers and partners who have put their trust in FF and FX—especially our S Tier 1 suppliers. Your confidence in us continues to be one of our greatest driving forces. We’re fully committed to creating the greatest possible value for you.
Next week promises to be another busy and challenging stretch—but also one full of opportunities. I look forward to sharing more progress next week. Talk soon!”
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plans,” “desire,” “believes,” “seeks,” “may,” “will,” “should,” and “future,” variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include, among others: the number of vehicles that Pinnacle Real Estate Group ultimately chooses to purchase from the Company, which may be as few as one; the ability of Pinnacle Real Estate Group to identify purchasers for the Super One; the Company’s ability to expand production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; the Company’s ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company’s ability to design and develop EREV technology; the Company’s ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company’s history of losses and expectation of continued losses; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.
Mariah Carey will Become the Next FF 91 2.0 Owner
The U.N. Security Council in an emergency meeting Thursday discussed Iran's deadly protests at the request of the United States, even as President Donald Trump left unclear what actions he would take against the Islamic Republic.
Tehran appeared to make conciliatory statements in the lead up to the meeting in an effort to defuse the situation after Trump threatened to take action to stop further killing of protesters, including the execution of anyone detained in Tehran’s bloody crackdown on nationwide protests.
White House press secretary Karoline Leavitt said before the meeting, “All options remain on the table for the president.”
Iran’s crackdown on the demonstrations has killed at least 2,615, the U.S.-based Human Rights Activists News Agency reported. The death toll exceeds any other round of protest or unrest in Iran in decades and recalls the chaos surrounding the country’s 1979 Islamic Revolution.
The sound of gunfire faded Thursday in the capital, Tehran. The country closed its airspace to commercial flights for hours without explanation early Thursday and some personnel at a key U.S. military base in Qatar were advised to evacuate. The U.S. Embassy in Kuwait also ordered its personnel to “temporary halt” travel to the multiple military bases in the small Gulf Arab country.
Here is the latest:
Russia’s U.N. Ambassador Vassily Nebenzia told an emergency meeting of the U.N. Security Council that Moscow stands in solidary with Iran and backs its view that “hostile external forcers are attempting to exploit the current situation in order to overthrow a government they find objectionable and destroy the Islamic Republic of Iran as a sovereign and independent state.”
Russia called on the U.S. “to stop making themselves out to be a global judge and put an end to their escalatory actions,” he said. Moscow also called on the U.N.’s 193 member nations “to prevent a new large-scale escalation.”
Nebenzia said U.S. actions “risk plunging the region into even bloodier chaos — chaos that could easily spill beyond its borders.”
He said what happened on Iranian streets in recent days went far beyond peaceful protests, pointing to the use of firearms, the killing of civilians and law enforcement officers and arson attacks on medical facilities and public institutions.
U.S. Ambassador to the U.N. Mike Waltz told an emergency meeting of the U.N. Security Council called by the United States that “The people of Iran are demanding their freedom like never before in the Islamic Republic’s brutal history.”
He said the U.S. message is clear: “President Donald J. Trump and the United States of America stand by the brave people of Iran.”
“President Trump is a man of action, not endless talk like we see at the United Nations,” Waltz said. “He has made it clear, all options are on the table to stop the slaughter, and no one should know that better than the leadership of the Iranian regime.”
Waltz dismissed Iranian allegations that the protests are “a foreign plot” and precursor to military action saying: “Everyone in the world needs to know that the regime is weaker than ever before, and therefore is putting forward this lie because of the power of the Iranian people in the streets.”
“They are afraid,” he said. “They are afraid of their own people.”
Iranian-American activist Masih Alinejad told an emergency meeting of the U.N. Security Council that the Islamic Republic is behaving like the Islamic State militant group, “and deserves to be treated like" the group.
She said: “That is how you save innocent lives.”
She warned that “brutal slaughter” in Iran will get much worse if the world doesn’t take “serious action.”
Alinejad said all Iranians are united in seeking freedom and in the face of Iranian military weapons they want action, not “empty words and empty condemnations.”
The U.N. warns possible military strikes on Iran would add “volatility to an already combustible situation” in an emergency meeting of the U.N. Security Council Thursday.
U.N. Secretary-General António Guterres “urges maximum restraint at this sensitive moment and calls on all actors to refrain from any actions that could lead to further loss of life or ignite a wider regional escalation,” Assistant Secretary-General Martha Pobee said at the meeting.
Guterres urges maximum restraint and remains convinced that all issues regarding Iran, including its nuclear program, should be addressed through diplomacy and dialogue, she said.
The U.N. chief reaffirms the U.N. Charter’s principles that disputes must be settled peacefully and prohibit the threat or use of force, Pobee said.
Masih Alinejad, one of the most vocal Iranian dissidents in the U.S., accused the United Nations and the Security Council of failing “to respond with the urgency this moment demands” at the emergency U.N. Security Council meeting Thursday.
In October, two purported Russian mobsters were each sentenced to 25 years behind bars for hiring a hitman to kill Alinejad at her Brooklyn home on behalf of the Iranian government.
Sitting across the table from the Iranian ambassador to the U.N., Alinejad, who came after an invitation from the U.S., said that “the members of this body have forgotten the privilege and responsibility of sitting in this room.”
In a stunning moment, even for Security Council standards, Alinejad addressed the Islamic Republic’s representative seated at the council directly.
“You have tried to kill me three times. I have seen my would-be assassin with my own eyes in front of my garden, in my home in Brooklyn,” she said while the Iranian official looked directly ahead, without acknowledging her.
Ahead of the emergency U.N. Security Council meeting Thursday, Iranian Foreign Minister Abbas Araghchi and Secretary-General António Guterres
spoke by phone to discuss the recent deadly protests and Iran’s request for the world body to do more to condemn what they call foreign influence in the Islamic Republic, according to a readout of the call posted on Iranian state TV.
The semiofficial Tasnim news agency reported that Araghchi implored the top U.N. official to live up to the “serious expectation” that Iran’s government and its people have of the U.N.s’ role in condemning what the officials called “illegal U.S. interventions against Iran.”
White House press secretary Karoline Leavitt said that U.S. President Donald Trump and his team had communicated to Iranian officials that there would be “grave consequences” if killing continues against protesters in Iran.
“The president understands today that 800 executions that were scheduled and supposed to take place yesterday, were halted,” she said.
But Trump continues closely watching the situation, she said.
“All options remain on the table for the president,” Leavitt said.
Abdul Malik al-Houthi, leader of the Iran-backed Yemeni rebel group, said on Thursday that “criminal gangs” were responsible for the situation in Iran, accusing them of carrying out an “American-Israeli” scheme.
“Criminal gangs in Iran killed Iranian citizens, security forces and burned mosques,” he said without providing evidence. “What’s being committed by criminal gangs in Iran is horrific, bearing an American stamp as it includes slaughter and burning some people alive.”
He also said that the U.S. imposed economic sanctions on Iran to create a crisis leading to the current issues in the country with the end goal of controlling Iran.
Yet he said the U.S. has “failed in Iran” and that Iranians “will not yield to America.”
The president of the European Union’s executive arm says the 27-member bloc is looking to strengthen sanctions against Iran as ordinary Iranians continue their protests against Iran’s theocratic government.
Commission President Ursula von der Leyen said Thursday following a meeting of the EU’s commissioners in Limassol, Cyprus that current sanctions against Iran are “weakening the regime.”
Von der Leyen said that the EU is looking to sanction individual Iranians —apart from those who belong to Iran’s Islamic Revolutionary Guard — who “are responsible for the atrocities.”
She added that the people of Iran who are “bravely fighting for a change” have the EU’s “full political support.”
Canada’s foreign minister says a Canadian citizen has died in Iran “at the hands of the Iranian authorities.”
“Peaceful protests by the Iranian people — asking that their voices be heard in the face of the Iranian regime’s repression and ongoing human rights violations — has led the regime to flagrantly disregard human life,” Canadian Foreign Affairs Minister Anita Anand posted on social media Thursday.
“This violence must end. Canada condemns and calls for an immediate end to the Iranian regime’s violence,” she added.
Anand said consular officials are in contact with the victim’s family in Canada. She did not provide details.
The International Federation of Red Cross and Red Crescent Societies announced Thursday that a local staff member was killed and several others were wounded during the deadly protests in Iran over the weekend.
Amir Ali Latifi, an Iranian Red Crescent Society worker, was working in the country’s Gillan province on Jan. 10 when he was killed “in the line of duty,” the organization said in a statement.
“The IFRC is deeply concerned about the consequences of the ongoing unrest on the people of Iran and is closely monitoring the situation in coordination with the Iranian Red Crescent Society,” the statement continued.
U.S. President Donald Trump has hailed as “good news” reports that the death sentence has been lifted for an Iranian shopkeeper arrested in a violent crackdown on protests.
Relatives of 26-year-old Erfan Soltani had said he faced imminent execution.
Trump posed Thursday on his Truth Social site: “FoxNews: ‘Iranian protester will no longer be sentenced to death after President Trump’s warnings. Likewise others.’ This is good news. Hopefully, it will continue!”
Iranian state media denied Soltani had been condemned to death. Iranian judicial authorities said Soltani was being held in a detention facility outside of the capital. Alongside other protesters, he has been accused of “propaganda activities against the regime,” state media said.
Trump sent tensions soaring this week by pledging that “help is on its way” to Iranian protesters and urging them to continue demonstrating against authorities in the Islamic Republic.
On Wednesday Trump signaled a possible de-escalation, saying he had been told that “the killing in Iran is stopping.”
In a joint statement, the foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union’s main foreign policy chief said the G7 members were “gravely concerned” by the developments surrounding the protests, and that they “strongly oppose the intensification of the Iranian authorities’ brutal repression of the Iranian people.”
The statement, published on the EU’s website Thursday, said the G7 were “deeply alarmed at the high level of reported deaths and injuries” and condemned “the deliberate use of violence” by Iranian security forces against protesters.
The G7 members “remain prepared to impose additional restrictive measures if Iran continues to crack down on protests and dissent in violation of international human rights obligations,” the statement said.
China’s Foreign Minister Wang Yi has spoken with his counterpart in Iran, who said the situation was “now stable,” China’s Ministry of Foreign Affairs said.
Abbas Araghchi said “he hoped China will play a greater role in regional peace and stability” during the talks, according to the statement from the ministry.
“China opposes imposing its will on other countries, and opposes a return to the ‘law of the jungle’,” Wang said.
“China believes that the Iranian government and people will unite, overcome difficulties, maintain national stability, and safeguard their legitimate rights and interests,” he added. “China hopes all parties will cherish peace, exercise restraint, and resolve differences through dialogue. China is willing to play a constructive role in this regard.”
“We are against military intervention in Iran,” Turkish Foreign Minister Hakan Fidan told journalists in Istanbul on Thursday. “Iran must address its own internal problems… They must address their problems with the region and in global terms through diplomacy so that certain structural problems that cause economic problems can be addressed.”
Ankara and Tehran enjoy warm relations despite often holding divergent interests in the region.
Fidan said the unrest in Iran was rooted in economic conditions caused by sanctions, rather than ideological opposition to the government.
Iranians have been largely absent from an annual pilgrimage to Baghdad, Iraq, to commemorate the death of Imam Musa al-Kadhim, one of the twelve Shiite imams.
Many Iranian pilgrims typically make the journey every year for the annual religious rituals.
Streets across Baghdad were crowded with pilgrims Thursday. Most had arrived on foot from central and southern provinces of Iraq, heading toward the shrine of Imam al-Kadhim in the Kadhimiya district in northern Baghdad,
Adel Zaidan, who owns a hotel near the shrine, said the number of Iranian visitors this year compared to previous years was very small. Other residents agreed.
“This visit is different from previous ones. It lacks the large numbers of Iranian pilgrims, especially in terms of providing food and accommodation,” said Haider Al-Obaidi.
Europe’s largest airline group said Thursday it would halt night flights to and from Tel Aviv and Jordan's capital Amman for five days, citing security concerns as fears grow that unrest in Iran could spiral into wider regional violence.
Lufthansa — which operates Swiss, Austrian Airlines, Brussels Airlines and Eurowings — said flights would run only during daytime hours from Thursday through Monday “due to the current situation in the Middle East.” It said the change would ensure its staff — which includes unionized cabin crews and pilots -- would not be required to stay overnight in the region.
The airline group also said its planes would bypass Iranian and Iraqi airspace, key corridors for air travel between the Middle East and Asia.
Iran closed its airspace to commercial flights for several hours early Thursday without explanation.
A spokesperson for Israel’s Airport Authority, which oversees Tel Aviv’s Ben Gurion Airport, said the airport was operating as usual.
Iranian state media has denied claims that a young man arrested during Iran’s recent protests was condemned to death. The statement from Iran’s judicial authorities on Thursday contradicted what it said were “opposition media abroad” which claimed the young man had been quickly sentenced to death during a violent crackdown on anti-government protests in the country.
State television didn’t immediately give any details beyond his name, Erfan Soltani. Iranian judicial authorities said Soltani was being held in a detention facility outside of the capital. Alongside other protesters, he has been accused of “propaganda activities against the regime,” state media said.
New Zealand’s Foreign Minister Winston Peters said Thursday that his government was “appalled by the escalation of violence and repression” in Iran.
“We condemn the brutal crackdown being carried out by Iran’s security forces, including the killing of protesters,” Peters posted on X.
“Iranians have the right to peaceful protest, freedom of expression, and access to information – and that right is currently being brutally repressed,” he said.
Peters said his government had expressed serious concerns to the Iranian Embassy in Wellington.
Women cross an intersection in downtown Tehran, Iran, Thursday, Jan. 15, 2026. (AP Photo/Vahid Salemi)
A demonstrator lights a cigarette with a burning poster depicting Supreme Leader Ayatollah Ali Khamenei during a rally in support of Iran's anti-government protests, in Holon, Israel, Wednesday, Jan. 14, 2026. (AP Photo/Ohad Zwigenberg)
Protesters participate in a demonstration in support of the nationwide mass protests in Iran against the government, in Berlin, Germany, Wednesday, Jan. 14, 2026. (AP Photo/Ebrahim Noroozi)
Protesters participate in a demonstration in support of the nationwide mass protests in Iran against the government, in Berlin, Germany, Wednesday, Jan. 14, 2026. (AP Photo/Ebrahim Noroozi)
