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Faraday Future avoids eviction at its LA headquarters — for now
The EV startup gets a temporary reprieve, but it is strapped for cash and has been unsuccessful in raising new funding.
The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. That’s the most recent figure available because the company is late in submitting its annual financial report for 2023 in part because it has put off payments to third-party audit consultants, according to an April 2 regulatory filing. Faraday Future was not so lucky in avoiding trouble in a different case, filed in January, by the landlord of an office it leased in San Jose.
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