Faraday Future releases first quarter 2024 financial report, cash flow situation improves

Faraday Future (FF) released its first quarter 2024 financial report on July 31. The report showed that FF's operating expenses in the first quarter were $22.9 million, compared with $95.8 million in the same period; operating losses were $43.6 million, compared with $95.8 million in the same period; net expenses were $14.7 million, compared with $103 million in the same period, and cash flow improved. FF reiterated in its financial report that the company has re-met Nasdaq's requirements for timely submission of financial reports.