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Faraday Future co-founder reportedly resigns amid job furloughs (updated)
Faraday Future's struggles only appear to be getting worse. The Verge has obtained an email indicating that company co-founder Nick Sampson (above) has resigned, effective immediately. And he didn't mince words, according to the report. Faraday is "effectively insolvent" after the funding dispute with China's Evergrande, he said, and would "limp along" under the best of conditions. There were "insurmountable barriers" to overcoming the situation, Sampson added.
