Another Executive Leaves Faraday Future

This year hasn’t been great for the electric car startup Faraday Future. Financial issues have caused all sorts of problems, forcing FF to scale back production plans and even abandon the billion-dollar Nevada factory it was building. Recently, news broke that things are looking even worse: Another founding executive has resigned.

The Verge reports that Tom Wessner, FF’s head of supply chain management, submitted his resignation yesterday. Back in August, Alan Cherry, the company’s head of human resources, chose to leave the startup. That makes Wessner the second founding executive to resign this year. Other than cofounders Nick Sampson, Tony Nie, and Jia Yueting, that means the only remaining founding executives are Dag Reckhorn, the head of manufacturing, and Richard Kim, the head of design. FF has also lost quite a few other important employees, including several who worked directly on the company’s first production car, the FF91.

“The US employees that remain either don’t (yet) have an offer elsewhere, are title bump hungry (interesting how suddenly there’s allot of “Sr.” level everyone) or delusional – or a combination of all three,” one former employee told The Verge. “Morale is tanked. No one is in the office ever. They keep bringing in investors, but no one invests,” the former employee added. “[The] company is a sinking ship,” they said.

As dire as that description sounds, it’s no wonder that The Verge also reports that FF is exploring the possibility of partnering with or selling itself to a more established automaker.

Source: The Verge

The post Another Executive Leaves Faraday Future appeared first on Motor Trend.

from Motor Trend http://ift.tt/2y52rd2