This EV Startup Only Delivered 20 Cars in Two Years

The $300K EV Nobody’s Buying

Faraday Future’s FF91 is one of the most expensive electric vehicles in the world, but almost no one is buying it. In two years, only 16 have been sold.

That’s not just slow, it’s nearly nonexistent. For a company that once promised to be the future of driving, this feels more like a stalled dream than a breakthrough. Most people have never even seen one in real life. Even companies that build track-only supercars move more than this.

Two Cars Sold in All of 2025

In the first three months of 2025, Faraday Future sold just two cars. One ended up in California, the other in New York.

That’s it. Just two vehicles for an entire quarter. For a brand trying to stay relevant in a fast-moving electric vehicle market, this is a tough pill to swallow. Even a sleepy used car lot in the suburbs might sell more in a week. Faraday isn’t trying to go big anymore, they’re just trying to stay afloat.

The Tesla Challenger That Missed

Faraday Future came out swinging. It promised next-level design, smart tech, and a better ride than Tesla.

But promises don’t pay the bills. Flashy prototypes made waves on social media, yet production stayed slow. Tesla, meanwhile, kept building and selling millions of vehicles. Faraday’s story shifted from ambition to survival mode.

Losing Millions, Making Thousands

Faraday lost nearly $44 million in the first quarter of 2025. At the same time, it earned just $300,000 in revenue.

That’s the kind of gap that makes investors nervous. The expenses are massive, but the income? Not even enough to buy one FF91. It’s like trying to fill a swimming pool with a garden hose. Even with cost cuts and optimistic statements, the math just doesn’t work right now.

A Price Tag Few Can Handle

The FF91 costs around $300,000, making it one of the most expensive EVs on the market. But it’s not backed by decades of brand recognition like Rolls-Royce or Ferrari.

Even in luxury markets, price matters. Buyers want value, or at least a badge with history behind it. Faraday doesn’t have that. They’re asking six figures for something most people have never heard of, and that’s a hard sell.

High-Tech Car, Low-Key Launch

The FF91 has jaw-dropping features: reclining rear seats, giant screens, and voice-controlled everything. On paper, it’s a tech lover’s dream.

But hype can’t replace marketing or reach. Faraday hasn’t managed to build public excitement beyond the early buzz. Most people who want a luxury EV are already looking at Lucid, Porsche, or Mercedes.

Minivans Might Be the Lifeline

Faraday is trying something new, a budget-friendly minivan called the Super One. It’s expected to sell for under $50,000.

That’s a huge shift from the FF91’s ultra-luxury angle. The Super One is aimed at families, fleets, and mainstream buyers. Instead of chasing rich early adopters, Faraday wants volume.

FX Models Are Faraday’s Next Bet

Faraday isn’t stopping with the minivan. A new “FX” line is coming, with a crossover SUV expected later this year.

This pivot could make or break the company. Crossovers are one of the hottest vehicle types in America, and electric versions are in high demand. If Faraday delivers something reliable, affordable, and appealing, it might finally find traction.

1,300 Pre-Orders, But a Catch

Faraday says it has 1,300 pre-orders for the Super One minivan. Sounds promising, right?

Not so fast. The orders are non-binding, which means those customers aren’t locked in. It’s more like raising your hand than signing a contract. It shows interest, but not commitment. The deposits are non-refundable, but that doesn’t mean the cars are sold.

Sales or Leases? The Math Doesn’t Add Up

Two FF91s sold in Q1 should mean $600,000 in revenue, but Faraday only brought in $300,000.

That hints at leases or discounts. Leases bring in less money upfront and depend on long-term contracts. For a company with major cash flow problems, that’s not ideal. Selling fewer than two cars a month is already bad. Earning half the expected amount from them just makes the hill steeper.

America’s Car Market Is Booming

Millions of cars are sold in the U.S. every year. Even electric vehicles are hitting record sales. Faraday’s 16 total sales feel microscopic.

It’s like opening a lemonade stand in Times Square and selling one cup a month. The scale of the market is huge, and Faraday’s share is barely measurable. There’s still space for new players in the EV world, but they have to compete on price, performance, or brand power.

Cash Burn Keeps Getting Worse

Faraday’s cash outflow hit $20.3 million in one quarter, a 38% jump from last year.

This means the company is spending faster than before, even with fewer sales. If they don’t slow down or raise more money, they could run out of cash fast. Big ideas cost big money, but without returns, it’s not sustainable. You can’t keep pouring gas into a car that’s not moving.

Still Smiling Through the Fire

Despite slow sales and rising losses, Faraday says it’s making progress. Their quarterly report sounded oddly upbeat.

They point to increased assets and new plans as signs of growth. But from the outside, it feels more like damage control. When you’ve only sold two cars in a quarter, it’s hard to argue that things are going well. Confidence is great, but results are better.

From Tesla Rival to Reality Check

Faraday wanted to outshine Tesla. Now, it’s just trying to stay in the game. Tesla sold over 1.8 million vehicles last year.

Faraday sold ten in 2023. It’s a stunning contrast. The early energy, cool videos, and wild claims made Faraday look like the next big thing. But EV success is about factories, logistics, and delivering cars, not just buzz. Faraday’s journey shows how fast the dream can fade without follow-through.

Where Did the Other Cars Go?

We know two FF91s have been sold this year. Four were sold last year, and ten in 2023. But we don’t know much about who bought them.

Only two locations are confirmed: one in California, one in New York. That leaves 14 cars unaccounted for. Are they leased? Parked in private garages? Owned by insiders? It’s a strange kind of mystery.

Curious where EVs are headed next? Check out how falling prices are making electric cars more tempting than ever.

Investors Still Betting on a Comeback

Even with low sales, Faraday’s net assets rose to nearly $140 million. That means someone’s still backing them.

Maybe they believe the FX lineup will finally connect with buyers. Or maybe it’s just faith in the EV market overall. Either way, there’s still money on the table. But patience isn’t endless. If Faraday can’t turn interest into action soon, even the most loyal supporters may start looking elsewhere.

Wondering who’s winning while others struggle? See why Tesla’s grip on the U.S. market is starting to slip.

Ever seen a $300K car in the wild? Share your sightings in the comments.

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This slideshow was made with AI assistance and human editing.