Faraday Future interim CFO resigns, firm to restate certain financial reports

📆 7/11/2023 9:05 PM
📰 Reuters

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Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after it uncovered some errors, highlighting continued turmoil at the electric vehicle firm.

said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after it uncovered some errors, highlighting continued turmoil at the electric vehicle firm.

Faraday Future also said its annual report for 2022, quarters ending September 2022 and March 2023 "should no longer be relied upon" due to certain errors. The errors were related to fair value conversion of certain notes it had issued.

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