Investor's Corner
Faraday Future defies the odds, will start vehicle production in March
Faraday Future has announced that it has acquired the necessary funding to begin vehicle production and will do so next month.
Investors and Faraday Future reservation holders have become pessimistic over the past two years. Not only has the company been stalled in its efforts to begin production of the FF 91 SUV, but its stock has plummeted as customers have lost hope in receiving the vehicle they originally ordered. Yet it seems Faraday has achieved the impossible, pulling out of its financial tailspin and heading to production next month.
Faraday said it acquired a total of $135 million in funding, allowing for its vehicle production after five long years of waiting. The FF 91 SUV will begin production in March and will begin deliveries to customers in April. Faraday did not specify how many vehicles would be produced or which customers would be receiving vehicles first.
Such a dramatic shift in Faraday’s trajectory stems from its last effort funding round and new corporate leadership that seems dead set on recovering what many assumed to be a sinking ship. Faraday Future CEO Xuefeng Chen (XF, as he is titled in the press release) follows previous CEO Carsten Breitfeld who resigned after a board review of his leadership since IPO. Along with the most recently secured funding, the CEO will also be looking to expand outstanding shares to drive more investment into the business; a vote will be held on the matter in a meeting with investors at the end of this month.
Faraday Future’s FF 91 is the $180,000 SUV that the company hopes will redefine the luxury EV segment. “Competing with Ferrari, Maybach, Rolls Royce, and Bentley, as the only next-gen Ultimate Intelligent TechLuxury EV product, the FF 91 Futurist puts forward a unique and intelligent EV experience with extreme technology, an ultimate user experience,” says the press release, but looking to the vehicle’s actual specs, it certainly has the chance to shake things up.
- Credit: Faraday Future
- Credit: Faraday Future
- Credit: Faraday Future
- Credit: Faraday Future
- Credit: Faraday Future
- Credit: Faraday Future
The FF 91 is a long-wheelbase luxury vehicle that performs with incredible performance specifications. Its tr-motor system produces a combined 1050 horsepower, shooting the SUV to 60mph in just 2.39 seconds. However, with a refined interior experience, fitted with rear captain’s chairs and fine leather upholstery, the vehicle’s target market is more Oceans Eleven, less Miami Vice.
Through the Faraday Future “Dynamic Vehicle Control” system, drivers benefit from semi-active dampers that will smooth the vehicle’s ride, four-wheel-steering that makes the sizable vehicle nimble and maneuverable, and thanks to its dual motor system in the back, rear torque-vectoring ensures power makes it to the ground. But thanks to the vehicle’s impressive aerodynamic shape, these features don’t come at the detriment of range, with the FF 91 still capable of 381 miles on a single charge thanks to its sizable 130 kWh battery.
Faraday has not specified how fast the vehicle charges but notes on its website that the FF 91 will gain 200 miles of range in just 30 minutes of charging.
With such a remarkable turnaround from just late last year and an astonishingly quick start of production, optimism is finally returning to the Faraday Future brand. Yet many still have good reason to be cautious about the fledgling brand. Hopefully, by ultimately delivering on its initially promised vehicles, Faraday can start to repair its cultural cache and begin to work on ramping production for what could be a fantastic vehicle.
Disclosure: William Johnson does not own Faraday Future stock.
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Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
California snubs Tesla in its newly passed EV incentive that favors Rivian and Lucid
California passed a $135 million EV incentive that rewards Rivian and Lucid while sidelining Tesla
California just drew a line in the EV incentive sand to put Tesla on the wrong side of it. The state recently passed a $135 million program offering first-time electric vehicle buyers a direct incentive with no application required, but the rules were written in a way that leaves Tesla at a structural disadvantage compared to Rivian and Lucid.
The program caps eligible vehicles at $50,000 for new EVs and $25,000 for used ones. That pricing threshold rules out a significant portion of Tesla’s lineup, though some lower-priced Model 3 and Model Y configurations would still qualify. California-based automakers are exempt from the price cap entirely, regardless of what their vehicles cost. Rivian, headquartered in Irvine, and Lucid, based in the San Francisco Bay Area, both benefit from that exemption. Rivian’s R2 starts at roughly $45,000 but has versions above the cap. Lucid’s Air and Gravity start at $70,990 and $79,990 respectively, well above any threshold a non-California company would face.
California hits Tesla Cybercab and Robotaxi driverless cars with new law
Tesla built its reputation and a significant portion of its early market share in California, where EV adoption has consistently led the nation. The company operates its original factory in Fremont, California, and the state was home to Tesla’s headquarters for most of its existence. That changed in 2021 when Tesla moved its corporate headquarters to Austin, Texas. Since then, the relationship between the company and California Governor Gavin Newsom has been openly adversarial, with Musk and Newsom trading public criticism on multiple occasions.
California’s EV incentive landscape has shifted repeatedly in recent years, and Tesla has previously lost eligibility for state-level programs as its vehicles exceeded income-adjusted price thresholds. The federal $7,500 EV tax credit, which Tesla models have qualified for and lost depending on policy cycles, is no longer available after it expired without renewal, making state-level programs more meaningful to buyers than they have been in years.
The practical impact for buyers is more nuanced than the headline suggests. California residents purchasing a Tesla under $50,000 for the first time can still access the incentive. But the exemption written for California-based manufacturers is a structural advantage that rewards where a company plants its headquarters flag rather than where it builds its products, and Tesla moved that flag to Texas.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.





