Faraday Future Secures Funding and Reaches Shareholder Agreement

Starting the electric car Faraday Future Smart Electric secured up to $100 million in new funding to fund its operations after reaching an agreement with one of its major shareholders to resolve a months-long governance dispute.

The deal comes after Faraday said last week that his company’s executives were facing death threats and a misinformation campaign as they sought to raise money for the production of his first vehicle.