After the Surge: Will FFIE Drop Back to Penny Stock?
On December 30th, Faraday Future announced that it would officially deliver a brand-new FF 91 2.0 Futurist Alliance electric vehicle to Mr. Luke Hans, a prominent entrepreneur and leader in the Los Angeles Chinese community, in mid-January 2025.
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Following the announcement, FFIE surged 78% but subsequently dropped by 22%. Is this the end of FFIE’s rally? Will it fall below $1? Would you consider buying FFIE at $1?