Titanium Media App reported on May 14 that Faraday Future announced its fourth quarter and annual financial results for 2021: the net loss for the year ended December 31, 2021 was $517 million, compared with a net loss of $147 million in the same period last year. Operating expenses for the year ended December 31, 2021 were $354 million compared to $65 million for the year ended December 31, 2020. As of December 31, 2021, the cash balance was $505 million. Cash balance as of March 31, 2022 was $276 million. The decrease in cash is due in part to the planned repayment of $97 million of notes and interest payable between December 31, 2021 and March 31, 2022.
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Related events
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