Going Concern Uncertainty and Capital Requirements: The company has a history of significant losses, negative cash flows, and an accumulated deficit, raising substantial doubt about its ability to continue as a going concern without securing substantial additional funding, which may not be available on favorable terms or at all.

Production Delays and Scalability Challenges: Faraday Future has faced numerous delays in bringing its FF 91 vehicle to mass production and delivery, and continues to face significant challenges in scaling manufacturing operations efficiently to meet anticipated demand.

Intense Competition in EV Market: The electric vehicle industry is highly competitive, with well-established automakers and numerous new entrants, making it difficult for FFIE to gain significant market share, differentiate its products, and achieve sustainable profitability.