Struggling EV maker Faraday Future (FFIE) has temporarily avoided eviction from its Los Angeles headquarters Sean O’Kane writes for Tech Crunch. Rexford Industrial (REXR), Faraday Future’s landlord, agreed to let the EV maker stay in the building until September 2025 when the lease expires, but “If the startup violates any of the terms, Rexford has the right to trigger a 48-hour demand for payment and can boot Faraday,” added the TC story.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FFIE:
- Faraday Future Intelligent Electric options imply 22.0% move in share price post-earnings
- Faraday Future Intelligent Electric options imply 37.9% move in share price post-earnings
- Faraday Future Intelligent Electric options imply 68.1% move in share price post-earnings
- Faraday Future Intelligent Electric options imply 16.3% move in share price post-earnings
- Faraday Future Intelligent Electric options imply 13.3% move in share price post-earnings
