Per the Nevada state law that authorized Faraday Future’s tax sweetener package, the state governor’s office of economic development (GOED) has to submit a “quarterly activity” report on the start-up automaker’s alleged $1 billion factory. The latest? FF has spent $160 million to move dirt around. That’s according to…
The tax incentive deal to attract Faraday Future to Nevada has drawn intense scrutiny thanks to the company’s reported financial straits. And now the state’s treasurer, Dan Schwarz, is calling for an audit on the government agency that organized the subsidies for FF, as well as Tesla’s Gigafactory.
Faraday Future hasn’t had the best start. It’s displayed shells of cars, had major monetary issues and, most recently, cut the size of its planned factory by nearly 80 percent. But when Reuters reported plans for a huge cutback in its lineup, the company wanted us all to know: they are definitely not doing that. Nope.
Mysterious car company Faraday Future announced last year that it will build a colossal $1 billion factory in North Las Vegas, but after a $21 million late bill a few months back and a company-wide focus on CES, the factory went on hold. Now, the company will apparently make a mini-factory first before expanding to…
In December, amid mounting concerns about the viability of the electric-car startup Faraday Future, Nevada’s governor and the mayor of the city of North Las Vegas slammed the car company’s naysayers, saying taxpayers in the state are “fully-protected” from the potential ramifications a $335 million incentive deal for…
Since Chinese-backed electric automotive startup Faraday Future burst onto the scene about a year ago with lots of hype but little to show for it, one big question has lingered: how did FF secure a $335 million deal with the State of Nevada when no one knew how much money the company really had? As it turns out, the…
“It’s clear Mr. Jia doesn’t have any money,” Nevada State Treasurer Dan Schwarz recently said of Jia Yueting, the tech mogul behind the mysterious Silicon Valley car startup Faraday Future. This does not look good.
Things look increasingly grim for the mysterious Chinese-backed Faraday Future auto startup as it has stopped working on its billion-dollar megafactory in Nevada, its construction company told Jalopnik.
Remember how we could barely believe that a car company could emerge from the ether and start construction on a massive Nevada production facility? Guess what! Faraday Future’s $21 million behind on construction payments.
Downtown Reno is bleak. It calls itself the “Biggest Little City in the World,” a name left over from a different legal and moral era, when the economy rode high on gambling and out-of-state travelers seeking divorce. That fortune has long since ebbed, and on Virginia Street, Reno’s main drag, the casinos keep company…
A hyperloop startup has built the first full-scale test track for the transportation system in the desert outside Las Vegas. Today, Hyperloop One (formerly Hyperloop Technologies) accelerated a test vehicle down a rail track at speeds of up to 300 mph using the hyperloop’s propulsion technology. It looked like a…
The mysterious new car company Faraday Future, who promises to have electric cars on the road by 2020, managed to secure 335 million dollars in incentives from the State of Nevada for its new billion dollar manufacturing facility.
Kia and sister company Hyundai are dumping $2 billion into autonomous driving tech through the next three years. They plan to get this into cars as ‘driver-assists’ by 2020, have a completely self-driving car by 2030, and it all starts now with the company’s license to test it in Nevada.
Fledgling electric automaker Faraday Future, largely funded by Chinese billionaire Jia Yueting, has reportedly declared they’re setting up shop near Las Vegas, Nevada to the tune of a $1 billion facility. They hope to be cranking out cars by 2017.
The 2015 Mint 400 desert race will be on NBC this Sunday, July 12th at 2:30PM EST. Kick back watching the whole broadcast then, and get yourself fired up for the weekend with this face-rocking trailer right now!
Freightliner just unleashed the first real, road-legal autonomous big rig on the roads of Nevada. Here’s what that actually means and why it really matters.
The 2015 Mint 400 motorsport circus has raged in and around Las Vegas, Nevada all week. The actual race goes down tomorrow, and the afterparty will take festivities all the way through Sunday. Put these channels in your feed and you'll see why so many people go nuts over desert racing.
You're really doing yourself a disservice by forgetting to follow desert racing. It's dramatic, it's dynamic, and it's a lot easier to spectate than you think. The 2015 Mint 400 will tear across the sands of Nevada next month, and here's more evidence that you have to watch it.
This futuristic night view of Las Vegas was captured from a Royal Australian Air Force C-130J Super Hercules when it was landing after a training mission, during Red Flag 15-1 at Nellis Air Force Base, on February 9th 2015. [Senior Airman Thomas Spangler/U.S. Air Force]