CES 2017 saw the arrival of the startup’s first ever production vehicle, a model that should go head to head with the Tesla Model X when it comes to the market – if it ever will.
Faraday Future is keeping the headlines, though not in the best possible way. They have a factory under construction in Nevada and not long ago there were reports of delayed payments for the contractors. Now there’s another report about the financial woes of the company. Apparently the Mill Group, a software company delivering 3D rendering services, has filed a lawsuit claiming Faraday hasn’t paid $1.8 million for a 3D car presentation produced for “bigwigs or celebrity type people” presentations. FF allegedly contracted The Mill Group last year in August, commissioning a graphic presentation “with virtual reality, augmented reality, and holographic components” for promotional purposes.
This was of course for the big debut of the FF 91 crossover at the 2017 Consumer Electronics Show, where the car actually had a hiccup of its own – unwilling to park itself during the press conference. The two companies then agreed on a $1.82 million deal – and Faraday Future should have delivered the payment in three separate transactions – according to the complaint they have only paid $20,000. “Faraday has repeatedly acknowledged that it accepts the sums owing to The Mill and its intention to pay. However, despite repeated requests for payment and promises by Faraday to pay, funds have not been received. Instead, Faraday has only paid $20,000.00 to the Mill, leaving a total outstanding balance in the amount of $1,802,750.00,” reads the complaint.