Faraday Future has issued a public statement addressing concerns over illegal short selling and the spread of false information online. The company claims that individuals in different countries have been sharing misleading posts on social media, damaging its reputation and confusing investors.
The company emphasized it has a strict zero-tolerance policy toward illegal short selling. Since 2023, it has investigated institutions that may have been involved in such practices with its stock. Faraday Future has committed to taking all necessary actions to protect its shareholders and ensure a fair and transparent market environment.
Additionally, the company stated that it has identified several accounts and individuals responsible for spreading false information about Faraday Future. The company acted swiftly, leading to the removal of some misleading content and the deactivation of associated accounts. It vowed to continue addressing such behavior moving forward.
To further safeguard its interests, Faraday Future announced that it is preparing to take legal action. Its cross-border legal team will pursue lawsuits and file complaints with regulatory authorities when needed. The legal actions may include defamation suits, market manipulation claims, and requests for asset protection or injunctions.
The company concluded by warning that any continued attempt to harm it through illegal or dishonest actions will lead to legal consequences. Faraday Future reaffirmed its commitment to protecting the rights of investors and maintaining order in the financial markets.
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