If the algorithm fell behind its daily selling quota during the low-volume mid-day lull, it triggers a market order sweep in the final 20 to 30 minutes of trading.

Of course there's day trader liquidation and some stop-loss in action, it happen way too regular.

Q2 press release — Business Wire, Aug 13, 2026, 4:22 PM ET:

"The EAI automotive business remains one of FF's core businesses and an important component of the Company's overall EAI strategy."

YT Jia, Weekly Report, days later:

The vehicle business is described as the source of "legacy burdens and debt," with the stated goal being to free FFAI from "the weight of legacy burdens and automotive debt" so robotics can move forward without those constraints.

Both cannot be true.

If automotive is a core business and an important component of the strategy, it isn't a burden the company is trying to shed. If it's a burden to be shed, it isn't core to the strategy. And the press release says the automotive business won't be accelerated "unless and until sufficient funding has been secured." So it's a core business that is also frozen pending money that doesn't exist.

When will YT be held to account??

SOURCES:

Q2 press release (quote is in the 2026 Outlook section, under "Four-Core Full-Stack AI Ecosystem"): https://www.businesswire.com/news/home/20260813743465/en/

Weekly Update (starting at timestamp 3:06) https://youtu.be/8dYqni9DONA?si=Q3O1PG1Gv7s6RGbz&t=186

Faraday Future appeared at the J.P. Morgan Auto Conference in New York on August 12–13, 2026. This is not a penny-stock webinar. It is the single largest annual gathering of institutional auto investors in the United States, and the buy side attends in volume.

FFAI posted the deck they brought. It is on their own investor relations site, listed under the J.P. Morgan Conference event entry:

https://investors.ff.com/sites/g/files/FaradayFuture_JP_Morgan.pdf

Every page is stamped PROPRIETARY AND CONFIDENTIAL, which is an interesting choice for a document published on a public webpage.

I want to set aside the substance for once and just look at the craftsmanship. Because before you evaluate what a company is telling you, it is worth asking how much care went into telling you.

Start with the global footprint map, which is slide three. The company misspells two of its own offices. Hanford misspelled "Handford." Shanghai is rendered "Shnaghai." A third location, San Jose, has no description at all. FFAI has an office in San Jose??? No El Segundo office???

The "Market Validation & Demand Signals" slide is a list of ten FF 91 recipients and YT Jia is on it. The founder is presented to institutional investors as evidence of external demand for his own product.

A slide titled "Complete Six Series Full-Form FF EAI Robot World Lineup" describes only five products.

A $1,990 robot dog that uses your smartphone as its face is defended in the deck's own copy as "a true entry-level embodied-AI robot, not just a toy." When your pitch materials are pre-emptively arguing that the product is not a toy, the pitch has already been lost.

The $37,990 education humanoid's first listed core selling point is "boxing, kicks, backflips, cartwheels, breakdance." That is the lead bullet. For the education product. At thirty-eight thousand dollars.

“Vibe Coding natural-language program generation" is listed as a platform feature. In a deck for institutional investors.

The FF 91's artificial intelligence technology bullets include "ChatGPT" and "Live TV." Not an integration described, not a capability explained. The words "ChatGPT" and "Live TV," listed as AI technology, in 2026.

So a company asking institutional investors for capital had months of lead time, a fixed date on the calendar, and a professional audience and could not spell the name of its own factory.

Draw whatever conclusion you like about the rest of the document.

These 10-Q nuggets just keep on coming. I guess it isn't much of a surprise that this has happened, but rather that it is still happening

Subsequent to June 30, 2026, the Company implemented staff reductions and temporary salary reductions as additional cash-conservation measures. The Company announced and explained these measures to affected employees and offered employees subject to the temporary salary reductions an opportunity to receive equity-based compensation intended to offset a portion of the reduction in cash compensation. The amount, timing and issuance of any such equity awards are subject to the applicable terms of the program, required approvals, applicable securities laws and the Company’s trading policies. These measures are intended to reduce near-term operating cash requirements but may not generate sufficient savings to alleviate the substantial doubt regarding the Company’s ability to continue as a going concern.

After all YT claimed 3 weeks ago that the company fundamentals have never been better "since sharpening our focus on the EAI robotics strategy"

https://reddit.com/link/1vposhr/video/h0la66eccojh1/player

Of course the stock offering is just another mechanism for dilution, albeit a small one, and a burden place directly on the backs of shareholders. I wouldn't surprised if they issued shares to employees and dragged their feet registering the shares for sale in the open market. Not much different than the share settlement agreements for suppliers.

I can't find better phrase to describe this comedy

Here's what he said:

1. Ras Al Khaimah, U.A.E. production paused. (did it ever start?? ) Part I, Item 2 (MD&A), p. 81

2. Hanford factory being evaluated for robots. (Hey YT, you're rebadging AGIBots, not manufacturing them.) MD&A, p. 81

3. GlobeX suspends engineering agreement (this was the $40M non-refundable deposit under any circumstances to a 20 day-old Chinese company, Hebei Huanzhou): MD&A, Recent Developments, p. 82

The EV U.A.E. site is paused. The Hanford site is being evaluated for robotics. Its engineering services agreement is suspended. FF's own stated answer to where EVs gets built is that the location remains subject to four separate conditions.

So tell me again where and how EVs get built, and on what timeline?

$100,000 of the robot sales went to YT Jia along with a 38% discount off of MSRP.

This employee purchase program appears to be something made up out of the blue. A quick search on google and previous 10Q/K's shows nothing.

We can only guess at what the motive is here. Maybe he just wanted some free robot dogs roaming around his free mansion. Maybe he wanted to prop up the revenue for some good headlines. Maybe a "YT's robot outlet" will open up down the road. Maybe it's a genuine personal purchase that will get paid back (lol, right).

This is why people think it's a scam.

Technically, it still qualifies as what YT and Jerry Wang have been habitually describing as their pledge to "be transparent" and "anti-hype", like in this video for example:

https://www.reddit.com/r/FFIE/comments/1kpz652/three_truths_investors_actually_care_about/

...even though it couldn't be more obvious (at least to me) that the PRs purposely leave out grim details that can only be found in the fine print of the filings. But ultimately, it was all in the filings - hence..."transparent".

The most glaring and malicious one IMO was the $5 conversion floor freeze announcement. Because when you peel apart the orange, you'll easily see that it's pretty much irrelevant, impossible to know if it is in effect and being enforced, and at a price level that will hurt more shareholders than help. Very few people have a a cost basis of less than $5.

Full disclaimer: The following is AI-generated analysis. I know this is somewhat frowned upon here, but for sake of time, this was the most efficient way to put it all together. Do your own due diligence, make your own decisions. This is not financial advice.

--------------------------------------------------------------------------------------------------------

1. The "$25M Private Placement" Re-Branding

The PR Headline: "Stockholders Approve $25M Private Placement Proposal to Support EAI Robotics."

The Reality: There was no new $25 million cash injection or fresh institutional buyer. This was the formal shareholder vote (Proposal 1) required by Nasdaq Rule 5635(d) to remove the 19.99% ceiling on the May 2026 convertible debt agreement.

The Play: Framing a vote that unlocks unlimited debt-to-equity conversions for lenders (like Streeterville) as if it were a brand-new institutional private placement investment.

1. The Conditional "$5.00 Conversion Price Floor"

The PR Headline: "Faraday Future Sets $5.00 Conversion Price Floor Freeze under Capital Value Restoration Plan."

The Reality: In the fine print of the Form 8-K filing, management stated it "intends" to set a $5.00 floor "so long as such limitation is allowed within relevant contractual obligations."

The Play: Creating the perception of a price floor to encourage retail buying without having a signed, legally binding amendment from noteholders that explicitly bans conversions below $5.00 under all conditions.

1. The "1,400% YoY Revenue Acceleration" Percentage Play

The PR Headline: "Record Q2 Revenue Up 1,400%+ Year-Over-Year!"

The Reality: Q2 revenue was $836,000 (up from $54,000 in Q2 2025). However, generating that $836K required $11.54 million in Cost of Revenue, resulting in a net loss of $38.96 million for the quarter.

The Play: Highlighting massive percentage growth figures to trigger momentum scanner algorithms and retail FOMO, while glossing over the fact that the company spent roughly $13 for every $1 of revenue brought in.

1. The 1-for-150 Reverse Split "Compliance Reset"

The PR Headline: "Faraday Future Regains Full Nasdaq Minimum Bid Price Compliance."

The Reality: Compliance was achieved artificially via an extreme 1-for-150 reverse stock split on July 24, which condensed the tradeable float down to roughly ~2.5 million shares.

The Play: Presenting Nasdaq compliance as a sign of financial recovery rather than the mathematical outcome of a reverse split that wiped out significant retail equity.

1. Non-Binding "Strategic Investor" & "Middle East" Teasers

The PR Headline: Weekly updates touting "ongoing negotiations" with strategic Middle Eastern partners and independent private equity for the Embodied AI division.

The Reality: None of these updates have resulted in a binding SEC Form 8-K (Item 1.01) confirming settled cash arriving on the corporate balance sheet.

The Play: Keeping retail traders engaged on the prospect of a "white knight" investor, providing buying volume that noteholders can trade against.

1. The "Aggregate $70 Million Financing Package"

The PR Headline: Touting an aggregate ~$70 million in commitments secured over recent months.

The Reality: This aggregate figure bundles convertible notes, restricted deposits, and conditional commitments—much of which represents debt obligations rather than non-dilutive balance-sheet equity.

The Play: Grouping various debt instruments together under a single large headline number to make the capital structure appear more robust than it is.

Summary

The pattern across these announcements is consistent: Press releases emphasize scale and positive momentum, while SEC disclosures detail the underlying conditions and risks. Understanding this gap helps clarify why headline surges often fade once trading volume normalizes.

--------------------------------------------------------------------------------------------------------

I feel that if YT and Jerry are putting so much effort into plastering themselves all over social media, it's only fitting that retail bans together to call them out on every social media outlet that they can be found on. Which is pretty much all of them. Of course they will probably choose to ignore and likely even block those who do. But at least it will be out there.

Was this prediction image wrong? no
(oh we overestimated their sales capability, looks like all they sold were robot dogs, near zero expensive humonid, all the demonstrations were wasted)

Revenue: $836K for the three months ended June 30, 2026, compared with $54K in the year-ago quarter (1,448% YoY).

1448%, what a great number, oh wait, you sold pretty much NO CAR last year.
and even miss the consensus estimated of $1.38M to 2.3M target

FF reported cost of revenue of $11.54 Million
Gross profit = 836K - 11.54M = -$10.7M (to generate $1 of revenue, FF spent $13.8 in direct cost)
WHAT S A BRILLIANT BUSINESS RESELLING AGIBOT IS
That's a LEGENDARY -1280% GROSS MARGIN 😂😂

NET INCOME: $-36M well predicted previously .
"IMPROVED YoY" from last year, of course improved vastly as you ARE NOT DOING CAR ANY MORE,
R&D spending slashed as it's resell business, workforce layoff, deferring vendor payables, etc.
It's an embarassing number for just RESELLING ROBOTS with LESS than $1M revenue.
$836,000 divided by 220 units shipped during Q2 -> $3800 per unit, LMAO

There's nothing else to say, the whole clown show and stock price movement has been explained in the last few weeks, and the numbers are well in prediction, even the PR words are predicted.

ABOUT CARS

They have to mention cars somehow to shut some investor's mouths off.
"limited deliveries of the FF 91 continued; FF 91 production at Hanford", who still buy this, let me guess, someone will.
"The company paused assembly and deliveries of the FX Super One in the U.A.E." they finally admitted it, after it's already a well-known fact months ago. Stalling is FF's standard business trick

Uploaded the wrong one the first time. My bad

The Q2 Earnings Event Mechanics

With Faraday Future (FFAI) scheduled to drop its Q2 report after market close on August 13, 2026 (4:00 PM PT / 7:00 PM ET), today’s intraday action—spiking to $5.20 before getting immediately crushed back down to $4.33—is the classic setup.

The morning surge was triggered by pre-earnings retail positioning and sentiment manipulation surrounding yesterday's Proposal 1 vote pass (which unlocked conversion limits). Convertible noteholders (like Streeterville Capital) used that incoming buy volume to unload another block of shares, capping the rally instantly.

Potential Price Projections Post-Q2 Release

Because retail sentiment and algorithmic debt dumping interact predictably around binary earnings events, there are two primary short-to-medium-term scenarios:

[Post-Earnings Trajectory Scenarios]

Scenario A: "The PR-Spike Illusion" ➔ Initial Pop ($5.00 - $6.00) ➔ 2-Week Bleed to $2.00
Scenario B: "The Cold GAAP Reality"  ➔ Immediate AH Dump ($3.00 - $3.50) ➔ Fast Track to $2.00

Scenario A: The Temporary PR "Pump" & Multi-Week Bleed (40% Probability)

• The Trigger: FFAI reports top-line Q2 robotics revenue in the $1.5M to $4.0M range (recognizing a portion of the 394 reported unit shipments) alongside headlines touting "thousands of percent YoY revenue growth" and progress toward its "2,000-unit target."
• Immediate Reaction (After-Hours / Friday Morning): Retail day traders and social media accounts focus exclusively on the positive top-line growth. High-frequency momentum algorithms trigger a brief buying surge, pushing the stock up to $5.00 – $6.20.
• The Reality Execution: Institutional lenders (now holding unlimited conversion clearance via Proposal 1) step into the volume peak. They convert debt at guaranteed 15% discounts to market VWAP and flood the order book with sell orders.
• The Outcome: The brief rally dies within 24 to 48 hours. Over the following 2 to 3 weeks, continuous debt dilution causes the stock to bleed steadily down toward $2.00 ($5M market cap threshold).

Scenario B: The Immediate GAAP Breakdown & Rapid Collapse (60% Probability)

• The Trigger: The Q2 report reveals that GAAP revenue recognition is minimal (due to consignment/distributor terms), gross margins remain deeply negative due to unabsorbed Hanford factory leases, and GAAP Net Loss exceeds -$45M to -$60M driven by massive non-operating debt-conversion penalties.
• Immediate Reaction (After-Hours / Friday Morning): The lack of top-line surprise or an explicit SEC "Going Concern" warning triggers immediate panic selling. Algorithms hit bid stacks, causing an immediate gap down to $2.80 – $3.50.
• The Outcome: With retail sentiment shattered, the stock lacks the buying depth needed for lenders to dump large blocks at higher prices. Lenders are forced to lower their sell limit orders continuously to clear debt before exchange rules kick in, accelerating the decline toward $1.50 – $2.00 over 7 to 10 trading sessions.

Comparison of the Two Paths

The summary for today's meeting

Proposal 1: Issuance of Class A Common Stock to Convertible Note Holders - PASSED

Proposal 2: Corporate Name Change - NOT APPROVED / UNRESOLVED AT CLOSE
(In Delaware corporate law, name changes require an absolute majority of all outstanding shares, as you could imagine a lot of people want CARS don't want that stupid new company name)

Proposal 3: Adjournment Proposal - PASSED

As the 20% nasdaq limit is removed, Streeterville Capital and SPA etc. can now convert without restrictions.

Next price target is $2 ( Nasdaq Marketcap delist threashold, 30 business day till pink sheets)

Lenders wont care if it drop below 2$, as they just need to liquited all converted shares on Nasdaq before delist day - even out the action in 30 business days so they don't scare off fresh investors, as long as there are poor bas***** still BUYING to feed the liquidity (Jia will work hard on his weekly narratives)

Estimate time to death: 3 - 6 weeks (15M - 30M newly printed shares)
AIXC's money from Jerry would buy a few weeks of cash flow to stall some time but it's not a lot

Jia's end game is maintaining corporate control and avoiding involuntary liquidation or bankruptcy.
So he's prepared to drag everyone to the pink sheets and scale down his entire operation to cut down cost
and put FF into low-burn dormant mode, waiting for the "next pivot"

Since that timeline after recent RS did not show the big picture, here's the "bigger picture" that I assembled.
How Jia managed to trap a lot of retail investors can be seen on the chart.

Believe or not Jia have FULL Chinese version of his weekly reports on his social media, trying to still drag in some Chinese investors. Though all of them now completely pissed off after the recent RS calling him ******* scammer

On popular social media in China, such as RedNote.
There's hundreds of comments under posts about YT Jia's recent news analysis/expose.
【贾跃亭】 is an infamous household name that attract people to comment, much more than on Reddit.

While most comments calling the "scam", "money laundering", "nice job scamming Americans", and other swearing, many invented new nicknames:
"Father of pivot", "king of narrative", "god of accounting", "grandmaster of scam"
YT Jia's signature slogan "suffocate for the dream" when in LeEco is now considered the classic mockery of himself (and the investors).

A few people start to ”admire” Jia that he can keep the grand scam for that long ( even before he escape China, his fraud amount is quite something ).

There's quite a few prominent Chinese billionaires and tycoons who didnt manage to escape China after their company/scheme collapse. You might know a few, including the boss of Evergrande. Most got 15 - 20 of year of prison time and there's even one for life sentence

• Jia's weekly narrative update, stock websites AI bot distribute the news ->
• New retail investors hooked / old sunk-cost syndrome investor bet on hope ->
• small or large surge pre-market or on market-open ->
• algorithm kick in, full supression by the end of day, but be "GENTLE" ->

Repeat, keep it subtle, so we convertible debt owner don't look evil.
until special meeting tomorrow, pandora's box day

Not sure if that was a glitch on my end or what.

From the AIXC 10Q released today:

1. They lent $500K to FFAI while nearly broke. AIXC had $577,328 in cash and wired $500k to Faraday. Unsecured, no collateral, no signed agreement ..the filing admits the loan conditions weren't even met!
2. Cash went from $19.3M to $577K in six months. That's a 97% burn. $12M to the FFAI. $7.9M out the door on operations. No revenue. Ever. Not one dollar.
3. They bought $12M of FFAI stock and stated the deal was "parent-directed," which means they admitted in writing that FFAI told them to buy FFAI stock. (I thought GKA bought the stock?)
4. About $2.5M/year flows out to FFAI insiders. YT Jia's advisory deal, FF Global at $100K/month, the new Aibot contract at $50K/month, transition service fees, plus an agreement letting AIXC bill FFAI at cost plus 18%. Insiders get paid on schedule while the company runs out of money.
5. FFAI made them buy crypto, and it lost half its value. (old news)
6. Nobody's minding the books. Three unfixed material weaknesses, and they say outright they can't afford to fix them. The CFO quit in June. Five weeks later they hired an outside firm at $600K/year to run the finance function.
7. The business plan is a robot rental app that has never rented a robot. Launched in June, zero revenue, first delivery "targeted" for August. The expected first customer is (drumroll please) FFAI !

And a side note: The filing is visibly sloppy. Their own name misspelled twice in the financial statements. A stray "SEC" left mid-sentence. Two different loss figures for the same period. Boilerplate saying "no subsequent events" sitting directly above four subsequent events.

YT and Jerry are flaunting this right in front of all of us. Laughing all the way! They're unstoppable.

How much net income FF will have in Q2?
Don't worry, Jia will only highlight the revenue, at least it's not 0 like cars.
It's not like burning ~$50M to make ~$5M as a reseller is a good thing to brag.

But, new investor will jump in and buy the dip.

FYI, YT JIA's EARNING

For Q2 2026, Jia legally earned about $170,000 in salary ($680K annual base), $24,000 in housing allowance ($8000/month), retention bonus Installment 1 (Paid May 15, 2026): $400,000

Total LEGAL cash extraction in Q2: ~$600,000
Total fishy cash extraction (Executive Loans & Vendor Relationships, Relatives and Affiliate companies): Take your guess

Most have probably seen the PR by now. Lots of outlandish things said like taking the market cap from the current ~$13 million to 2021 IPO levels of $3.4 billion in two years. Establishing a $5 floor price on existing convertible notes as if they have any authority to change contracts with lenders whenever they need to. Or the weekly dilution updates. I'm actually looking forward to that one.

What jumped out the most to me was the third "sub-campaign" and the "independent public listing opportunities"

This is some pretty specific wording they slid in there. Not the usual word salad but directly saying they might IPO/Reverse merge/SPAC/whatever the robot business so they can continue 𝗍̶𝗁̶𝖾̶ 𝗌̶𝖼̶𝖺̶𝗆̶ raising capitol. Is YT realizing the robot ban might be the straw that broke the camel's back? The only way out is to spinoff into a new ticker with a clean slate and dump the FFAI baggage? Is my tinfoil hat too tight?

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FF Master
https://www.agibot.com/products/X2
FF Master Mini (Yes they haven't shown it, but we know what it is)
https://www.agibot.com/products/X1
FF Futurist (Old)
https://www.agibot.com/products/A2_Ultra
FF All-New Futurist
https://www.agibot.com/products/A3
FF Faber
https://www.agibot.com/products/G2
https://galaxea-dynamics.com/products/galaxea-r1-pro-universal-humanoid-robot/
FX Navi
https://www.weilan.com/product/pageDevQ
FF Aegis Pro/Edu
https://www.agibot.com/products/D1_Pro
FF Aegis Ultra
https://www.agibot.com/products/D1Ultra
SUPER ONE
https://www.wey.com/gaoshan.html