How The Man Who Challenged Tesla Went Bankrupt

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  • Published on:  Monday, January 13, 2020
  • Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called "Tesla killer," Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia "YT" Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future's promise, the financial woes that led them both to bankruptcy, and YT's relationship with the reanimated Faraday today.

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    How The Man Who Challenged Tesla Went Bankrupt
  • Source: https://youtu.be/8MELKXZqMQo

Comment

  • ppl v ppl

    ppl v ppl

     an hour ago

    Who cares about china or Chinese people!! They copying everything

  • Matt gaming

    Matt gaming

     an hour ago

    So a dumb jump in investor?
    Thinking getting rich quick is the way?

  • Garrett Bischoff

    Garrett Bischoff

     an hour ago

    This man was the very emodiment of kickstarter.

  • melvin barnett

    melvin barnett

     an hour ago

    So when you fleece the working investor in China you flee to the US? Ok sounds good to me.

  • Bandisa Masilela

    Bandisa Masilela

     an hour ago

    He is basically elon mask without space X to save him

  • leefinthewind

    leefinthewind

     2 hours ago

    7:20 "As long as I'm still alive" seems to mean "I promise I'll pay you back and I can't pay you back if I'm dead so please don't kill me" lol

  • medialync

    medialync

     2 hours ago

    True example of trying to be Jack of all trades, but master on none.

  • Gertrude Castille

    Gertrude Castille

     3 hours ago

    Ouch

  • Pineapple Singh

    Pineapple Singh

     4 hours ago

    Next on news. Man goes bankrupt by challenging NIO

  • Don’t let Dem fool you

    Don’t let Dem fool you

     4 hours ago

    How broke is YT, you mean YT is totally broke what about the Assets that he owned. Billionaire doesn’t get broke like the rest of us with only $8dollars in account but they may get broke while they’ve more than 10millions in their bank account..

  • quartytypo

    quartytypo

     5 hours ago

    I don't understand why electric car owners don't tow a trailer-load of batteries behind them.

  • Pandan Tour Bangkok

    Pandan Tour Bangkok

     5 hours ago

    Right from the start,
    Sound like the big 3 already!

  • The Brownie

    The Brownie

     5 hours ago

    Whitey makes pornography web page:
    LeSperm

  • Abang Fulvian

    Abang Fulvian

     6 hours ago

    Tesla : Haha right back at ya buckaroo

  • CSS - Captain Shunshun

    CSS - Captain Shunshun

     7 hours ago +1

    贾老板这么,没钱了 哈哈哈哈哈哈

  • Godfrey

    Godfrey

     7 hours ago

    Despite everything is company went through I really want it to succeed.

  • qiang lin

    qiang lin

     7 hours ago

    i bought lots of FF stocks aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

  • The Traveling Breeze

    The Traveling Breeze

     8 hours ago

    That is a crazy story

  • canon fpv

    canon fpv

     8 hours ago

    There are lots scumbags like this all over the world, investors ripping off the working class so thay can drive round in a lambo

  • Dyne Sheriff

    Dyne Sheriff

     9 hours ago

    "The success of a company depends on the choices it makes".

    yes, and people die if they are killed.