Hyperdrive
EV Startup Faraday Future Receives DOJ Request Amid SEC Probe
The Faraday Future FF91 electric car is unveiled at the 2017 Consumer Electronics Show in Las Vegas.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Faraday Future Intelligent Electric Inc. said it has received a “preliminary request for information” from the US Department of Justice, several months after securities regulators opened an investigation of the electric-vehicle startup.
The company received the request this month from the DOJ in connection with matters the Securities and Exchange Commission is already looking into, according to a regulatory filing Thursday. Faraday said it’s “in the process of responding to, and intends to fully cooperate with, such request.”