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Global Co-CEO of Faraday Future Intelligent Electric Inc (NASDAQ:FFAI), Jia Yueting, reported purchasing 98,000 shares of Class A Common Stock on September 8, 2025. The shares were bought at a weighted average price of $1.8084, in a range from $1.7995 to $1.83, for a total transaction value of $177223. The purchase comes as FFAI shares have declined over 22% in the past week, with InvestingPro analysis indicating the stock is currently trading below its Fair Value despite significant financial challenges.
Following the transaction, Yueting directly owns 531,838 shares of Faraday Future Intelligent Electric Inc.
The purchase was executed under a pre-arranged Rule 10b5-1 trading plan, set up on May 23, 2025, which allows for purchases of up to $560,000 of the company’s Class A common stock until August 25, 2026.
In other recent news, Faraday Future Intelligent Electric Inc. reported a second-quarter 2025 adjusted operating loss of approximately $27.4 million, with a monthly average burn rate of $9 million. The company also noted a net loss from operations of $48.1 million, which is an improvement from the $50.6 million loss in the same period last year. Additionally, total operating expenses decreased by 29% year-over-year to $21.3 million. Faraday Future is set to reveal a significant strategic upgrade at Pebble Beach during Monterey Car Week, following a five-day countdown campaign that highlighted various components of the upcoming strategy.
The company has also expanded its Series B Preferred Stock by adding 3 million additional shares, maintaining the same preferences, rights, and limitations as previously disclosed. Furthermore, Founder and Global Co-CEO YT Jia, along with Global President Jerry Wang, have begun purchasing company stock under Rule 10b5-1 trading plans, with Jia acquiring $200,000 worth and Wang acquiring $25,000 worth of shares. Jia plans to continue purchasing stock, with a total target of approximately $560,000, representing the after-tax portion of his $1.2 million signing bonus. These developments reflect ongoing financial and strategic activities within Faraday Future.
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