Faraday Future alleges "coordinated effort" to undermine valuation


FILE PHOTO: The interior of Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo

(Reuters) - Faraday Future Intelligent Electric on Thursday said it has recently observed a series of "suspicious activities" which the electric-vehicle startup believes suggested a "coordinated effort" to undermine its valuation.

The EV maker alleged efforts to spread misinformation and manipulate market sentiment.

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