Faraday Future Co-CEO YT Jia Launches Weekly Investor Update: Building Trust, Driving Growth, and Addressing Challenges
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a California-based global shared intelligent electric mobility ecosystem company, has taken a bold step toward transparency and accountability with the launch of its Weekly Investor Update, spearheaded by Founder and Co-CEO YT Jia. In this inaugural update, Jia outlines his vision for fostering open communication, rebuilding trust, and driving the company toward success in an increasingly competitive market.
Why the Weekly Investor Update Matters
In his opening remarks, YT Jia emphasized the importance of prioritizing both major stockholders and individual investors. Traditional channels like annual and quarterly reports are no longer sufficient in today’s fast-paced business environment. To ensure timely, transparent, and compliant communication, Jia introduced the Weekly Investor Update as the first step in creating an open dialogue with stakeholders.
This initiative is more than just a report—it’s a commitment to delivering on promises and rebuilding trust. By sharing insights into the company’s day-to-day operations, strategic roadmap, and progress updates, Jia aims to manage Faraday Future as if it were a product. He positions himself not only as the chief product officer for FF’s vehicles and technology but also as the architect of transforming the entire company into a product-like, AI-powered organization.
Key Highlights from This Week’s Update
1. Breakthroughs in B2B Sales
A significant highlight of the week was the successful kick-off of the 10 Punch Combo Initiative for both FF and FX, Faraday Future’s new brand targeting the First Class AI MPV market. The company secured two major B2B deals, underscoring the growing interest in its high-performance electric vehicles (AIEVs):
- A binding pre-order agreement for 1,000 units of FX Super One was signed with a dealership in New York, including a non-refundable deposit.
- Another deal was inked with Skyhorse, a California-based mobility solutions provider, for 300 units of FX Super One, along with a co-creation partnership to unlock the blue ocean potential of the First Class AI MPV market.
These breakthroughs demonstrate strong traction in both East and West Coast markets, particularly among rental and car-sharing platforms. The overwhelming response from U.S. users validates FF’s strategy of targeting untapped “blue ocean” markets with vehicles that offer an unmatched price-to-performance ratio.
2. Counterattack Against Illegal Short Selling
Faraday Future also made strides in addressing potential illegal short selling and online manipulation targeting its stock. An individual and related accounts involved in suspected market manipulation issued a public apology and removed all offending content. Jia reiterated the company’s commitment to protecting shareholder rights and vowed to take further action against any illegal activities harming FF or its investors.
3. Acknowledging Areas for Improvement
While celebrating successes, Jia didn’t shy away from addressing areas where FF fell short. He identified three key challenges within the company culture:
- Unrecognized Performance: Strong contributions sometimes go unrewarded, while mistakes may remain unaddressed.
- Cross-Cultural Collaboration: Managing diverse teams across cultures remains a hurdle.
- “Say No” Culture: Employees often default to rejecting new ideas instead of exploring how to make them happen.
To address these issues, FF is implementing several changes:
- Restarting the reward-and-accountability mechanism to recognize high performers and hold underperformers accountable.
- Rebuilding core values around goal-driven execution and results-oriented collaboration.
- Encouraging constructive feedback with actionable solutions rather than outright rejection.
As part of this effort, several senior management roles have already been terminated, optimized, or restructured.
Strategic Roadmap Updates
Jia outlined four key task streams within FF’s S0–S7 company-level strategic roadmap for the coming weeks:
S1: Building the User Ecosystem
- S1.1.1: Preparing for the official launch of FX Super One, including a co-creation-based direct online sales model.
- S1.1.4: Expanding B2B sales efforts and securing partnerships with major U.S. ride-hailing platforms.
- S1.2.2: Developing a comprehensive user operations system, including after-sales services.
S2, S3, S4: Product Development
- Progress on the FX Super One line continues, with engineering, testing, supply chain, and production readiness advancing steadily.
- Open-road testing for the second vehicle model has begun in the U.S., with more updates expected soon.
S5: Capital & Finance
- Preparing Q1 financial results and upcoming earnings calls remains a top priority.
S7: Capabilities, Systems & Operations
- Building out financial systems and organizational capabilities will be a focus moving forward.
A Renewed Sense of Purpose
Reflecting on his first week as Co-CEO, Jia expressed gratitude for the support he has received and acknowledged the pressure and responsibility that come with leading FF. However, he remains optimistic, stating, “When we stay focused, do the right things, and execute relentlessly, the results will exceed expectations.”
The launch of the Weekly Investor Update underscores Jia’s dedication to accountability and transparency. It serves as a reminder that Faraday Future is committed to turning its vision into reality—one milestone at a time.
