Wolfpack Research Reveals Short Position In EV Maker Faraday Future

2025-09-11 03:16:47

(MENAFN- AsiaNet News)

Wolfpack Research announced on Thursday its short position in EV maker Faraday Future (FFAI) and opined that it would likely revert to being a penny stock before eventually delisting.

The firm stated that it believes the latest pump in stock value was based on“fake orders, a rebadged Chinese minivan and a tsunami of lies” intended to induce retail investors to buy.

FFAI's stock jumped on July 22 after Nature's Miracle announced a preorder of 1000 EV minivans. However, Wolfpack noted that the company does not have the cash to make such a purchase and added that the founder of Nature's Miracle and Faraday Future CEO Jia Yueting were classmates in business school.

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