Faraday Future’s fight against investor Evergrande not going well, report says

The Verge’s report states that the Hong Kong arbitrator decided to rule against a motion by Faraday future that would have loosened the hold that Evergrande has on Faraday’s IP, making it much easier to source further outside funding. But, with this ruling, Faraday is running out of luck and cash, having allegedly just issued the last round of paychecks that it can afford on Friday.

For its part, Faraday Future is doing the whole Monty Python Black Knight thing and saying that the arbitrator’s ruling isn’t final, and that what could be a deathblow is just a flesh wound, according to a report by the website Technode. 

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