Big things are coming at this company! Let's talk about it here
2019 Headline: Faraday Futures introduces blockchain coins?
I had to double check the date of the ohpee, I thought these guys went out of business a long time ago.
https://www.prnewswire.com/news-releases/faraday-future-joins-mobi-blockchain-consortium-as-leading-ev-innovation-startup-300686130.html
Teuton works for them now!
I realize it's an old fogey :fogey: kind of thing to say, but from reading that company blurb webpage it just looks like total buzzword speak bullshit to me. Starting a factory in this state is setting yourself up for high taxes and an insane regulatory burden. They must have blown a bunch of asses full of sunshine to get any startup money.
But WTF do I know? :huh:
Quote from: Laconian on October 30, 2018, 03:42:24 PM
Teuton works for them now!
Or did.
Hopefully, this helps him and doesn't hurt him
Quote from: Soup DeVille on October 30, 2018, 03:54:22 PM
Or did.
Hopefully, this helps him and doesn't hurt him
Wait, he's gone???
Quote from: 2o6 on October 30, 2018, 04:14:48 PM
Wait, he's gone???
He left not long after he moved out to California because everyone was giving him shit for "BIG THINGS ARE COMING"
At the end of the day.....the FF 91 is a fugly car. It looks like a Maglev train car with wheels. Even if it DOES get off the ground, I can't see anyone buying that fuck-ugly thing.
(https://cnet3.cbsistatic.com/img/XlSyQt3IFD3jJ-NqkRUBDX-za9o=/0x465:4520x3118/1600x900/2017/01/04/99fc9ed6-75c5-4206-8c91-ff1933416172/ff91valgorithmicwall00002.jpg)
Quote from: NomisR on October 30, 2018, 04:15:52 PM
He left not long after he moved out to California because everyone was giving him shit for "BIG THINGS ARE COMING"
No, from Faraday Future.
That was quick then?
Quote from: shp4man on October 30, 2018, 03:53:44 PM
I realize it's an old fogey :fogey: kind of thing to say, but from reading that company blurb webpage it just looks like total buzzword speak bullshit to me. Starting a factory in this state is setting yourself up for high taxes and an insane regulatory burden. They must have blown a bunch of asses full of sunshine to get any startup money.
But WTF do I know? :huh:
That's just common sense, you're totally correct.
Well, mandatory furloughing can't be helpful.
That company is a disaster. Good riddance.
Quote from: 2o6 on October 30, 2018, 04:14:48 PM
Wait, he's gone???
I don't know; but after this I wouldn't assume he's still there.
Quote from: 2o6 on October 30, 2018, 04:14:48 PM
Wait, he's gone???
You mean from this forum or from this job?
Quote from: NomisR on October 30, 2018, 04:15:52 PM
He left not long after he moved out to California because everyone was giving him shit for "BIG THINGS ARE COMING"
chapter 11 is a big thing tho
I want to make a tech bubble Bingo game. AI! Blockchain! Mobility! Someone has to have done this.
Quote from: 12,000 RPM on October 31, 2018, 05:49:36 AM
I want to make a tech bubble Bingo game. AI! Blockchain! Mobility! Someone has to have done this.
Gamify!
Quote from: 12,000 RPM on October 31, 2018, 05:49:36 AM
I want to make a tech bubble Bingo game. AI! Blockchain! Mobility! Someone has to have done this.
Disrupting!
Has anybody spoken to Teuton about all this? I wonder what his take on all of it is. I suspect he would explain it all away.
Teuton works for them? God bless him
Reminds me of the end of Fun With Dick and Jane...
"Yeah it's a great company! Lots of benefits and growth opportunity".
"What's it called"?
"Enron."
Quote from: dazzleman on November 01, 2018, 04:54:52 AM
Has anybody spoken to Teuton about all this? I wonder what his take on all of it is. I suspect he would explain it all away.
Must be hard for those people to rationalize/ realize/ contextualize.
Just like the Enron disaster.
He joined them like a month ago! The problems were all very really documented and out there. :wtf:
Quote from: dazzleman on November 01, 2018, 04:54:52 AM
Has anybody spoken to Teuton about all this? I wonder what his take on all of it is. I suspect he would explain it all away.
He works in PR, I don't think any of us would get the inside scoop. He's going to be very invested in putting a happy spin on things.
Quote from: Laconian on November 01, 2018, 04:39:10 PM
He works in PR, I don't think any of us would get the inside scoop. He's going to be very invested in putting a happy spin on things.
I'm sure that's true. I wonder what he really thinks. It's hard to imagine he would have joined them just a month ago if he didn't believe in them.
https://www.theverge.com/2018/10/31/18049632/faraday-future-founding-executive-resignation-employee-emergency-fund
Faraday Future's last founding executive resigns, plans emergency fund for employees
Dag Reckhorn, Faraday Future's senior vice president of global manufacturing — and the last of the company's five "founding executives" — resigned Wednesday, according to an internal email obtained by The Verge. The news comes after investor trouble sparked two wild weeks of layoffs and salary cuts that quickly turned into furloughs and executive departures at the EV startup, and a co-founder calling the company "effectively insolvent." Reckhorn said in his email to staff that he is working to establish an emergency fund for employees affected by the furlough.
"I am heartbroken to have to let you know, that I will leave FF effective today," Reckhorn wrote in the email, which was sent to the company's remaining staff. "There are legalities that force me to do so. Please do not believe that I am ditching the best team I ever worked with."
Faraday Future spokesperson John Schilling confirmed Reckhorn's resignation. "We thank him for his service to FF and wish him the best of luck in his future endeavors," he said.
Reckhorn mentioned in the email that he is "think[ing] about opening an emergency fund" for employees in "dire needs" as a result of the furlough, and that he's putting in $10,000 to start. "Other colleagues are free to join and donate as well," he wrote. The hope is to "help [employees] as best as the available funds allow." Before the layoffs and furloughs, Faraday Future still had around 1,000 employees in the US.
Following a now-prolonged fight with its main investor, China's Evergrande Real Estate Group, Faraday Future announced the furloughs (or forced unpaid leave) to employees on Tuesday. All workers who joined the company after May 1st of 2018 were automatically furloughed, while full-time employees who have been with Faraday Future since before that date were given the opportunity to stay on board at a reduced salary rate of $50,000 per year. Hourly employees who joined Faraday Future before May 1st were given the opportunity to stay on at $13.25 per hour.
Employees who had a choice had to decide by noon Wednesday. Those who were furloughed were told to "leave all FF company equipment (computer, phone, iPad, and any other FF property) at their FF workstations by close of business on October 31, 2018," according to a letter obtained by The Verge.
It's unclear if the proposed emergency funds will be made available to workers who were laid off last week. Reckhorn did not respond to multiple requests for comment.
The "legalities" Reckhorn mentioned in his email have to do with what's known as "directors and officers insurance (or D&O insurance)," according to two former employees, who were granted anonymity because they signed nondisclosure agreements. D&O is a type of liability insurance that protects a company's directors and operators from legal retribution in the event of a lawsuit. Faraday Future's D&O insurance recently lapsed, which made executives like Reckhorn vulnerable amid the recent layoffs and furloughs, these people say.
In fact, Reckhorn was not alone in resigning on Wednesday. Catherine Steinmetz, who joined in 2015 from Tesla and most recently served as the director of environmental, health, and safety, sent an email announcing her resignation shortly after Reckhorn's. A number of other remaining directors plan to leave Wednesday as well for the same reason, according to the two former employees and one worker who is still inside the company.
Reckhorn joined Faraday Future in late 2014, and previously spent more than three years as a director at Tesla, where he oversaw manufacturing of the Model S. He was also the final remaining "founding executive" at the company. After the company was formed in 2014, CEO Jia Yueting tasked five executives — Nick Sampson, Alan Cherry, Tom Wessner, Richard Kim, and Dag Reckhorn — with getting things rolling.
Cherry and Wessner resigned last August and October, respectively, as the company descended into eventual turmoil at the end of 2017. Kim resigned a few months later. Sampson — a co-founder — quit this week. Cherry, Wessner, and Sampson were also veterans of Tesla. With co-founder Tony Nie stepping away earlier this year, Jia is now the only co-founder remaining at the company.
Quote from: dazzleman on November 01, 2018, 07:58:57 PM
I'm sure that's true. imwonder what he really thinks. It's hard to imagine he would have joined them just a month ago if he didn't believe in them.
Jacob's retweets of Faraday Future staff posts are getting deleted, probably as those folks leave the company and destroy their Twitter accounts.
https://twitter.com/TheJacobBrown/status/1052996789840662528
Sidebar, I really enjoy the Verge's tech podcast and recommend it to anyone even tangentially interested in phones and shit.
Quote from: Laconian on November 01, 2018, 11:13:17 PM
Jacob's retweets of Faraday Future staff posts are getting deleted, probably as those folks leave the company and destroy their Twitter accounts.
https://twitter.com/TheJacobBrown/status/1052996789840662528
God, I hate the word "startups."
Quote from: Laconian on November 01, 2018, 11:13:17 PM
Jacob's retweets of Faraday Future staff posts are getting deleted, probably as those folks leave the company and destroy their Twitter accounts.
https://twitter.com/TheJacobBrown/status/1052996789840662528
me: well, looks like he's doing well anyways, good for him
JB: dude, he Murano CrossCab is a sweet work of art, they should put a Hellcat engine in it.
me: ahh, so he's a troll.
Quote from: Soup DeVille on November 02, 2018, 06:09:56 AM
me: well, looks like he's doing well anyways, good for him
JB: dude, he Murano CrossCab is a sweet work of art, they should put a Hellcat engine in it.
me: ahh, so he's a troll.
:lol:
I never look at Twitter but perused a second, he started sep3. Wow. Crazy or guts to jump onto a sinking ship.
Mmmm another word for the tech bubble bingo board
Gonna add IPO as well.
Quote from: Soup DeVille on November 02, 2018, 06:09:56 AM
me: well, looks like he's doing well anyways, good for him
JB: dude, he Murano CrossCab is a sweet work of art, they should put a Hellcat engine in it.
me: ahh, so he's a troll.
LOL
Quote from: AutobahnSHO on November 02, 2018, 09:54:31 AM
:lol:
I never look at Twitter but perused a second, he started sep3. Wow. Crazy or guts to jump onto a sinking ship.
sep3?
Quote from: Laconian on November 03, 2018, 08:07:00 PM
sep3?
Yup. Follow his Twitter feed that's when he said he was starting for them.
Jacob Brown (@TheJacobBrown) Tweeted:
In fewer than 12 hours, I'll be starting at @FaradayFuture. Beyond excited to start. https://twitter.com/TheJacobBrown/status/1036825961746944000?s=17
Oh, sept 3. I wasn't sure if "sep3" was some kind of obscure diet or fitness fad.
Notice how in his twitter bio, he claims to be a "enoyer of life's adventures."?
Quote from: Laconian on November 03, 2018, 08:23:37 PM
Oh, sept 3. I wasn't sure if "sep3" was some kind of obscure diet or fitness fad.
Sepsis 3 ™, the latest Crossfit weight loss combo breaker. Lose those last stubborn few lbs by letting the infection drive your body to previously unreachable temperatures!
Quote from: Laconian on November 03, 2018, 08:23:37 PM
Oh, sept 3. I wasn't sure if "sep3" was some kind of obscure diet or fitness fad.
:lol:
https://www.caradvice.com.au/699161/faraday-future-to-shut-down-operations-after-co-founder-resigns/
Teuts scooped!
I am shocked, I tell you. Shocked and appalled!
Quote from: Laconian on November 28, 2018, 02:43:22 PM
https://www.caradvice.com.au/699161/faraday-future-to-shut-down-operations-after-co-founder-resigns/
Teuts scooped!
Holy chit.
His resumé is perma-scarred.
Quote from: giant_mtb on November 28, 2018, 03:05:31 PM
Holy chit.
His resumé is perma-scarred.
Not at all. He'll be judged on his work, not the company's failure. One could argue that defending a failed company is a trial by fire, and the sort of thing that shows one can work with grace under pressure.
Quote from: Soup DeVille on November 28, 2018, 03:08:07 PM
Not at all. He'll be judged on his work, not the company's failure. One could argue that defending a failed company is a trial by fire, and the sort of thing that shows one can work with grace under pressure.
True true...I had basically that same thought after I hit the "Post" button. :lol:
Quote from: Soup DeVille on November 28, 2018, 03:08:07 PM
Not at all. He'll be judged on his work, not the company's failure. One could argue that defending a failed company is a trial by fire, and the sort of thing that shows one can work with grace under pressure.
I can't imagine it's fun for him. He wants to be a car PR guy, not a money laundering PR guy.
Faraday Future is basically building a Homer.
Everyone in the car industry knew that place was a sinking ship a long time ago. Someone going there this year would immediately throw some red flags to me. Maybe they threw a ton of cash at him?
Nah, just shows Tuets was on the never-need-to-know outer fringes of the company - sounds like a social media position to post fluff of whatever flavor of his choosing. Not a knock against Tuets mind you.
Quote from: Laconian on November 28, 2018, 02:43:22 PM
https://www.caradvice.com.au/699161/faraday-future-to-shut-down-operations-after-co-founder-resigns/
Teuts scooped!
Ohhh, come back Toit
Quote from: GoCougs on November 28, 2018, 10:37:37 PM
Nah, just shows Tuets was on the never-need-to-know outer fringes of the company - sounds like a social media position to post fluff of whatever flavor of his choosing. Not a knock against Tuets mind you.
It wasn't just the insiders who knew they had zero shot. It was literally the entire public :lol:
Yueting wasted a ton of FF money on a super high end California home where him and executives could, you know, max and relax. :facepalm:
I wonder how things are going for Teuton at Faraday now. His social media posts don't indicate any trouble or concern. It's a little confusing, TBH.
Oh wow. Yes, FF's goose is getting ever more cooked. https://www.theverge.com/2018/12/14/18140953/faraday-future-ceo-court-freeze-jia-yueting-assets-stake
He works in PR though, he's literally paid to make everything seem rosy. I don't think we'd get the inside scoop from him in writing.
Baghdad Bob? :lol:
https://www.engadget.com/2018/12/21/faraday-future-year-in-review-loser/
All these cases are being decided in tax haven courts! Things must definitely be above board for FF!!!
China Evergrande continues to throw good money after bad, buys the corpse of Saab:
https://jalopnik.com/former-faraday-future-backer-pivots-to-zombie-saab-1831769097
Faraday Future is desperate.
Some "tech blog", which robotically pumps out articles based on Crunchbase data, has selected Faraday Future as the #3 tech startup in ALL OF CALIFORNIA! AMAZING! WHAT A FEAT!
https://pandaily.com/faraday-future-among-the-2019-best-tech-startups-in-california-by-tech-tribune/
Naturally Jia Yueting is totally humbled by this incredible honor!
https://twitter.com/YTJiaFF/status/1090427503510839301?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1090427503510839301&ref_url=https%3A%2F%2Fpandaily.com%2Ffaraday-future-among-the-2019-best-tech-startups-in-california-by-tech-tribune%2F
Here are other Top 10 lists written by this totally real, totally human blog:
http://thetechtribune.com/10-best-tech-startups-in-california/
http://thetechtribune.com/best-tech-startup-in-everett/
http://thetechtribune.com/10-best-tech-startups-in-carlsbad/
Fabricating awards and partnerships out of thin air is classic Ponzi stuff. Faraday Future is fucked!
YT's tweet has a Teutonic feel to it. I wonder if Jacob's his ghost writer?
Also pimping the article on Weibo (Chinese twitter), to placate his critics:
https://m.weibo.cn/status/4334122908520666?sourceType=dingding&from=1092095010&wm=20005_0002&featurecode=newtitle
Uber is a startup? Yeah, I usually call companies that have been around for 9 years startups.