Faraday Future Sets Production Date for Luxury EV. Stock Soars.

Electric vehicle start-ups have had a difficult stretch. Some are still making progress.

Faraday Future Intelligent Electric


(ticker: FFIE) on Monday announced it plans to start production of its ultra-luxury FF 91 sedan on March 30. Deliveries should begin in April. The move comes after the company was able to secure $135 million in additional funding.