Part 4/9:
Founded in 2014, Faraday Future aimed to release the FF91, a luxury electric SUV with a staggering 1,000 horsepower and a starting price of $339,000. Despite the impressive specs, Faraday Future has faced recurring financial hurdles and has yet to deliver a product. Even if they succeed in launching, the ultra-luxury market limits their potential sales of the FF91.
Lordstown Motors (E Tier)
Lordstown Motors, established in 2018, sought to create the Endurance, a consumer electric pickup truck with hub-mounted motors. While the design showed promise, Lordstown struggled to secure financing and failed to hit production milestones. The truck, which might have drawn interest with decent specs, ultimately turned out to be less compelling than initially expected.