[HN Gopher] Faraday Future gives CEO and founder raises and bonu...
       ___________________________________________________________________
        
       Faraday Future gives CEO and founder raises and bonuses after
       delivering 13 cars
        
       Author : impish9208
       Score  : 16 points
       Date   : 2024-09-12 20:07 UTC (2 hours ago)
        
 (HTM) web link (techcrunch.com)
 (TXT) w3m dump (techcrunch.com)
        
       | iwontberude wrote:
       | Imagine negotiating your pay so high you bankrupt the company.
       | Silent quitting got a whole lot more fun.
        
         | next_xibalba wrote:
         | Perhaps you realize the company is doomed and decide to loot
         | its reserves in the form of salary and bonuses, leaving
         | creditors and investors holding the empty bag in a bankruptcy.
        
       | spondylosaurus wrote:
       | Genuinely, where is the money to pay these salary/bonuses even
       | coming from? Do these cars cost a few million each?
       | 
       | ETA: It looks like the baker's dozen that they've sold went for
       | about $300k each, which is insane for a car, but doesn't nearly
       | account for all this funny money.
        
         | toomuchtodo wrote:
         | Investors.
        
         | readthenotes1 wrote:
         | Insane? Physical manifestation of an NFT that has about $20k in
         | usage value shouldn't be underestimated!
        
       | agp2572 wrote:
       | It is a public company. They pay bonus and raises using money
       | that people invest in the stock market. A $100,000 per share
       | company becomes $4 per share company in 4 years.
        
       | willcipriano wrote:
       | > despite having delivered just 13 cars in its 10-year history
       | 
       | > Faraday Future has barely sold any EVs to date and has been
       | accused of faking some of the sales
       | 
       | I'd be embarrassed to accept a raise if these were my results.
        
       | sfmz wrote:
       | On the one hand it seemed obvious that other EV companies would
       | fail after Tesla demonstrated how much cash was required... on
       | the other hand China has built out world-class EV facilities...
        
       | paulpauper wrote:
       | amazingly they own the domain FF.com . that alone is probably
       | worth millions
        
       | hmmokidk wrote:
       | FFEI stock is weird, but probably going to be worthless in the
       | future. An AI car is so gimicky it is painful.
        
       ___________________________________________________________________
       (page generated 2024-09-12 23:01 UTC)