Why is Faraday Future (FFIE) Stock a Sell? It’s All About This
Shares of EV manufacturer Faraday Future Intelligent Electric were on a fire sale over the past week.Without getting into complicated analytics, the case against FFIE is all about pricing.Despite the short-squeeze speculation, Faraday Future stock should be avoided.To be blunt, no shortage of arguments exist against acquiring shares of electric vehicle manufacturer Faraday Future Intelligent Electric . For starters, the 60-month beta on FFIE stands at 1.63, indicating severe volatility relative to the broader equities index. Second, Faraday Future stock was only priced at around 4 cents a share before skyrocketing. Even so, it’s still down 99% over the past 52 weeks.Okay, that’s not entirely fair. As the automotive journal pointed out, you can acquire the “base” model Futurist for $249,000. That only requires a $1,500 deposit. And apparently, the FF 91 2.0 will be a bit cheaper, carrying a deposit requirement of only $1,000.Generally, you shouldn’t spend more than 10% of your net month