Electric cars

The horizon darkens for Faraday Future, dubbed “Next Tesla”

The horizon darkens for Faraday Future, dubbed "Next Tesla"

Faraday Future Smart Electric (FIE) – Get the report from Faraday Future Intelligent Electric Inc. has long been seen as the electric vehicle maker that would challenge Tesla (TSLA) – Get the Tesla Inc report dominance. The company even embraced the title of Tesla’s #1 competitor.

It is clear that the two groups no longer seem to play in the same court.

Tesla is now more concerned with exceeding one million vehicles produced per year. A performance that the group led by Elon Musk should achieve this year despite the disruptions observed in supply chains around the world and the soaring prices of raw materials, such as nickel, palladium and aluminum.