Which company is defining the future of electric cars, Tesla or Faraday Future?

I feel Tesla is well ahead of Faraday future in terms of commercializing their products.

Faraday future is keeping stuff in the beta prototype stage or not starting a full scale production like Tesla

For the public to accept the car for the price the company claims, the car should be reasonable and affordable. Tesla model 3 being sold at $35,000 is fairly good and people get a bang for the buck. Whereas Faraday is weary of releasing a car for the broader audience.

Faraday came with FF91 and stated it does better in range and top speed than a model X because of their battery technology but it is expected that the FF91 may very well be priced a little less than $300,000. This puts Tesla in the front as providing similar products at a far less price

Faraday is running into numerous hurdles like

  1. Without a proper factory in place for production
  2. Leadership issues and they brought in Jia Yueting founder of le.com as CEO
  3. Cash flow issues
  4. Lawsuit

It seems far fetched whether Faraday future will be a competitor for Tesla and will go on to define future of Electric cars and FF is definitely not a Tesla killer as it was touted initially. I might be wrong too as Faraday Future remains a company which doesn't announce much to the public. But with the scenarios for Faraday future to define the future it seems a long shot.


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