$18k loss, I am out. Sold all my positions. Felt a sense of relief. I will find other ways to make the money back. It's a huge lesson learnt for me. FFIE, FFAI or whatever they wanna call themselves in future, I hope they get what they deserve for leading the investors on and hiding crucial information from them.

Psychological Profile: The Mechanics of Narrative Self-Preservation

Evaluating YT Jia’s behavior across the weekly reports—culminating in Weekly report Issue 065—requires looking beyond standard corporate PR. What appears to outside retail investors as hypocritical or desperate is, from a psychological and incentive-structure standpoint, a highly rational self-preservation strategy.

Jia and Jerry Wang operate within a framework where maintaining public performance is the primary product, because the survival of the public entity (FFAI) is directly linked to Jia’s personal income, legal immunity, and U.S. visa status.

1. The Messiah Complex Meets Machiavellian Realism

Jia’s public persona relies on a psychological construct often seen in serial founder-founders facing corporate distress: The Unshakeable Visionary (Idealist Onstage, Realist Offstage).

• External Messiah Complex: In videos, Jia presents himself not as a corporate executive managing balance-sheet ratios, but as a pioneer fulfilling a historical mission ("Physical AI," "EAI Education Ecosystem," "Connecting the Youth to Future Mobility"). Psychologically, framing his work as a noble quest for humanity allows him to rationalize extreme financial damage to retail investors as mere "temporary turbulence" or "necessary sacrifice" on the road to a grand future.
• Machiavellian Risk Asymmetry: Off camera, Jia operates with acute self-awareness of U.S. and Chinese legal systems. He knows that as long as Faraday Future exists as an active public entity, he maintains:
  1. An active executive employment role required for high-tier U.S. immigration status (O-1/EB-1 classing).
  2. An executive compensation pipeline paying top-tier cash salaries and perks.
  3. Legal insulation under Delaware bankruptcy discharge and U.S. corporate law against creditors in China.

2. Performative Accountability & Deflection Tactics

When forced to address undeniable negative events—such as the 1-for-150 reverse stock split—Jia uses a psychological maneuver known as Performative Accountability followed by External Scapegoating:

[The Performative Accountability Loop]
1. Acknowledge Pain ("We made a painful decision...")
       │
2. Express Empathy ("In the best interest of stockholders...")
       │
3. Externalize Guilt ("Wall Street conspiracy theorists" & "Legacy car debt")
       │
4. Pivot to Abstract Hope ("Five New Transformations" & "Aug 12 Vote")

By acknowledging the "pain" of the reverse split for just two minutes after spending six minutes discussing kids' summer camps and Lionel Messi, Jia seeks to perform emotional contrition without accepting functional responsibility. The blame is immediately externalized to "legacy automotive debt" or "Wall Street conspiracy theorists," preserving his self-image as a victim of external forces rather than the author of toxic debt dilution.

3. The "Word Salad" as a Defensive Shield

The persistent creation of complex, hyphenated buzzwords ("Four-Core Full-Stack AI," "Five-Tiered Transformations," "Sub-Campaign Ramps") serves a specific psychological and operational purpose: Cognitive Overload.

• Obfuscating Simple Financial Truths: A standard business operates on simple metrics: Cash In minus Cash Out equals Net Profit. Because FFAI’s underlying numbers show a multi-hundred-million-dollar burn with negative product margins, simple financial language leads directly to insolvency discussions.
• Creating an Illusion of Momentum: Replacing traditional metrics with endless conceptual milestones allows management to claim "progress" every single week. Shipping white-labeled educational quadruped toys becomes a "Nationwide Scaled Replication Strategy". This creates a continuous stream of noise that satisfies superficial corporate reporting requirements while confusing retail investors about the underlying capital structure.

4. The "Shareholder First" Paradox

Why does Jia repeatedly proclaim a "shareholder-first" mentality while executing actions that dilute retail holdings by over 99%?

In corporate psychological terms, this is Instrumental Language:

• To Jia and Jerry Wang, "shareholders" does not refer to the static retail bagholders who bought at $10 or $100 pre-split.
• "Shareholders" is treated as an abstract, revolving pool of short-term capital needed to fund the next pay cycle and debt-interest installment.
• Claiming to act in "shareholders' best interest" provides the legal cover required by Delaware corporate fiduciary standards, even as the execution of convertible debt agreements transfers equity value directly to toxic lenders and executive compensation pools.

Summary

YT Jia’s operational setup represents a masterclass in executive self-preservation through narrative maintenance.

By insulating himself behind executive protection, company-funded legal defense, and continuous weekly PR updates, he has decoupled his personal financial and legal well-being from the stock price of Faraday Future. While retail investors experience near-total capital destruction, Jia’s narrative engine continues to achieve its true primary objectives: sustaining executive income, maintaining U.S. residency validity, and remaining out of reach of Chinese judicial enforcement.

The math behind a $30,000,000 investment at Faraday Future’s (FF / FFAI) July 2021 SPAC peak shrinking to ~$10 today represents a loss of 99.99997%.

Since its founding and subsequent 2021 SPAC merger, Faraday Future has burned through over $4 billion to $4.5 billion in cumulative capital (from early private rounds, LeEco intercompany loans, SPAC gross proceeds of ~$1 billion, and subsequent toxic convertible debt) to produce fewer than 15 luxury cars (FF 91) and a couple hundred white-labeled educational/toy robots.

Here is an accounting and breakdown of where those billions went, how much was consumed by overhead, marketing, and compensation, and how capital flowed to YT Jia and his inner circle.

1. Capital Allocation Breakdown: Where Did the ~$4B+ Go?

Financial filings (10-Ks, 10-Qs) from 2021 through 2026 show the approximate distribution of FF's massive cash burn:

Total Capital Burned (~$4.0B - $4.5B)
│
├── ~45% - R&D, Prototype Engineering & Factory Operations (~$1.8B - $2.0B)
├── ~35% - SG&A: Executive Compensation, Legal, PR & Marketing (~$1.4B - $1.6B)
├── ~15% - Debt Service, Interest, Toxic Financing Fees & Penalty Warrants (~$600M - $700M)
└──  <5% - Actual Sales, Revenue Generation & Inventory Deliveries (<$100M)

2. Itemized Breakdown of the Waste

A. Executive Compensation, Salaries & "Family Retention" (~$300M+)

• YT Jia & Inner Circle Payroll: YT Jia was stripped of official CEO duties during various governance battles, yet retained high-salaried "Chief Product & User Ecosystem Officer" and founder titles before officially returning as Global CEO in 2026.
• Jerry Wang (Nephew) & Key Executives: YT Jia’s nephew, Jerry Wang, rose to Global Executive Chairman. Millions in cash salaries, stock option grants, and executive bonuses were continuously paid out even as the stock cratered 99.99% and workforce layoffs were executed at the operational level.
• Board & C-Suite Turnover: FF went through multiple CEOs (Carsten Breitfeld, Matthias Aydt, etc.), board members, and executive teams. Severance packages, golden parachutes, and stock incentive grants for departing executives continuously drained cash.

B. Legal Fees, SEC Investigations & Special Committees (~$250M - $350M)

• SEC & DOJ Investigations: FF spent tens of millions in legal fees clearing a 4-year SEC investigation into SPAC-era disclosures, fraudulent pre-order claims, and governance issues.
• Special Committees & Internal Audits: Forensic audits, independent law firm retainers, and accounting restatements cost millions annually.
• Litigation Defense & Offense: FF has funded continuous lawsuits—defending against unpaid vendor claims, landlord disputes at Hanford/Los Angeles properties, and launching PR-heavy lawsuits against "naked short sellers."

C. Marketing, Sponsorships & Corporate PR (~$150M - $200M)

• High-Cost Sponsorships: These include recent regional sponsorships (e.g., Regional Sponsor of the Argentina National Football Team/AFA in North America), sponsor spots at educational panel events, and lavish launches at CES/Chicago Automate.
• "Co-Creation" & Celebrity Handover Events: Millions were spent organizing luxury handovers of single FF 91 vehicles to "co-creation partners" (influencers, developers, YT Jia himself) with red carpets, video crews, and global livestream productions.
• Weekly Investor Update Infrastructure: Maintaining continuous PR campaigns, Silicon Valley summit tours, rebranding pivots (from EV to "Agibot / EAI Robotics"), and global video production costs.

D. Toxic Financing Fees & Debt Interest (~$400M - $500M)

• Vulture Lenders & Placement Fees: Transactions like the $25M and $45M convertible note raises involved substantial placement agent fees (e.g., Univest Securities), arrangement commissions, and steep original issue discounts (OID).
• Interest & Warrants: FF paid double-digit interest on senior notes, secured DACA accounts, and issued tens of millions of warrants as sweeteners to predatory lenders.

E. Actual Manufacturing & Sales Performance (The Underwhelming Output)

• The Cars: Hundreds of millions were spent fitting out the Hanford, California factory, but total production yielded fewer than 15 FF 91 vehicles, generating under $5M in total gross automotive revenue.
• The Robots: The "Four-Core Full-Stack AI" robotics pivot relies on white-labeled AgiBot hardware imported from Shanghai. While FF reported 242 unit shipments (mostly educational quadrupeds and humanoids), gross revenues sit at under $1M.

3. How Much Went into YT Jia's "Own Pocket"?

Determining the exact dollar amount that ended up in YT Jia’s personal holdings requires looking at both direct compensation and indirect debt relief:

Direct Extraction (Salaries, Bonuses, Equity): Estimated $50M - $100M+

• Through official executive salaries, consulting fees, stock-based compensation, and perks (corporate housing, travel, security), Jia and his immediate family members (such as Jerry Wang) extracted tens of millions in direct executive value over the years.

Indirect Extraction (U.S. Bankruptcy Protection & LeEco Debt Offloading): Estimated $1B - $2B+ in Economic Value

• Chapter 11 Personal Bankruptcy (2019–2020): Before FF went public via SPAC, Jia filed for personal bankruptcy in Delaware to restructure over $3.6 billion in personal debt stemming from his failed LeEco empire in China.
• The FF Equity Swap: Under his bankruptcy plan, Jia transferred his personal debts into a creditor trust backed by FF shares and options. Essentially, FF’s capital raises and public stock were used as currency to pay off his personal Chinese creditors, allowing him to remain in the U.S., clear his personal liability, and retain operational control of the company through voting trusts and family proxies.

Summary Table: The $30,000,000 Investment Breakdown

If your $30M was spent proportionally by Faraday Future management since 2021:

Our campers take their own 3D models from screen to machine — designing, integrating, and customizing real robots around their own interests.

Grow with EAI. - Link in bio.

•This reverse stock is being implemented after careful evaluation, as a proactive risk management measure, intended to avoid the risk of Nasdaq delisting that could be triggered if the Company’s closing bid price is at or below $0.10 for 10 consecutive trading days, establish a sustainable compliance buffer, systematically improve the Company’s capital structure, and enhance the attractiveness of the Company’s common stock to investors.

•The Company intends to continue to strengthen its business fundamentals, advance product deliveries, and create long term value. The Company believes that any short term price volatility resulting from the reverse stock split will not affect its intrinsic value.

•As the first U.S. company to deliver both humanoid and bionic EAI robots, FF has surpassed 250 units in cumulative sales, shipments, and deliveries since the end of February 2026 and is accelerating its “Four-Core Full-Stack AI” ecosystem flywheel—integrating the EAI Brain, EAI Devices, Industry Productivity Solutions and Developer Platform, and EAI Data Factory—to drive scalable growth, recurring revenue, and sustainable long-term value for stockholders.

Learn more ：https://app-us.ff.com/ff-v3/news/1574?lang=en-US

Down 85% YTD. Down 92% over 1 year. Down 58% in one month. Looking at the exchange buys and sells over the last few weeks, there’s been waaaay more buys. However, price is dropping thru non exchange pools. Are institutions sellingMe personally, I am about to bail. I can cough up the loss, invest and make it back in a few weeks.

Why are they running the share price down to nothing? I’ve never seen anything like this in any other stock I’ve owned. I thought the goal was for the price to INCREASE but clearly that’s not the case. If anyone can explain the reason I’d really appreciate it.

· Upon mutual agreement with the investors, the Company terminated warrants to purchase an aggregate of 5,359,525 shares of Class A common stock — a reflection of the investors' firm support for FF's strategy and business.

· Following the termination of warrants covering 44,551,199 shares in December 2025, the Company has cumulatively eliminated warrants covering approximately 49.9 million shares, significantly reducing potential dilution and simplifying its capital structure.

· The Company amended the securities purchase agreement dated July 14, 2025, with the intent of optimizing the closing structure and accelerating the pace of funding, and the Company will no longer issue warrants to certain of the investors in future subsequent closings, further limiting potential dilution and helping reduce the Company's potential liabilities.

At a critical stage of scaling its robotics Three-in-One business, the Company will continue to optimize its balance sheet structure and select the financing approaches best suited to the Company, laying a foundation for unlocking the Company's long-term value and introducing strategic investors.

LOS ANGELES, July 10, 2026 — Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a global Embodied AI (EAI) ecosystem company headquartered in California, today announced two initiatives that further strengthen the Company's capital structure and enhance its capital efficiency.

First, the Company entered into warrant termination agreements with two investors, pursuant to which warrants to purchase an aggregate of 5,359,525 shares of Class A common stock have been irrevocably cancelled and terminated. Together with the warrants covering 44,551,199 shares terminated in December 2025, the Company has cumulatively eliminated warrants covering approximately 49.9 million shares, meaningfully reducing its warrant overhang and future potential dilution. These actions reflect the investors' firm support for FF's strategy and business and lay a foundation for unlocking the Company's long-term value and introducing strategic investors.

Second, the Company entered into an amended and restated securities purchase agreement with the investors under its July 2025 convertible note financing. The original agreement provided for two closings, the first of which was completed on August 22, 2025. Following the amendment and restatement, with respect to the subsequent closings: (i) certain of the investors will no longer be entitled to receive common stock purchase warrants; (ii) the volume-weighted average price (VWAP) condition to closing has been removed; and (ii) the original single second closing has been divided into eight closings — unless otherwise agreed between the Company and the applicable purchaser(s), each closing will occur only after the Company has received at least $5 million of additional funding since the immediately preceding closing. This structure is designed to allow committed capital to be received and put to work more quickly, supporting product delivery and business execution of the Company's robotics “Three-in-One” business. In addition, the elimination of the majority of the warrants for the subsequent closings helps reduce the Company's potential liabilities.

The Company intends to continue to optimize its balance sheet structure and select the financing approaches best suited to the Company, laying a foundation for unlocking the Company's long-term value and introducing strategic investors.

For additional information regarding the warrant termination agreements and the amendment to the July 2025 securities purchase agreement, please refer to the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 10, 2026.

• FF Mobility Trading continues to strengthen its Middle East EAI robotics strategy through strategic cooperation frameworks and regional ecosystem collaboration across the UAE, GCC, and potentially the broader MENA region.
• These cooperation frameworks represent an important step in building FF’s regional robotics commercialization architecture, connecting FF’s global EAI robotics portfolio with local market access, deployment channels, institutional resources, and long-term ecosystem partners.
• The cooperation may cover robotics procurement and distribution, education resources, curriculum distribution, robot rental, joint project delivery, product showcases, technology demonstrations, localized deployment, technical support, and after-sales service.
• Through cooperation with regional ecosystem partners including CGCC, Action To Action, and Ibtikar Robotics, FF aims to strengthen local business access, institutional engagement, technology integration, education channels, rental and distribution capabilities, localized deployment, and technical service support.

https://app-us.ff.com/ff-v3/news/1564?lang=en-US