How The Man Who Challenged Tesla Went Bankrupt

Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called "Tesla killer," Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia "YT" Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future's promise, the financial woes that led them both to bankruptcy, and YT's relationship with the reanimated Faraday today.

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How The Man Who Challenged Tesla Went Bankrupt

[syahrifh]

"The success of a company depends on the choices it makes".

yes, and people die if they are killed.

[talic]

that awkward moment you have to reapply for a job at tesla

[defeatedaxie]

It's like a scene in iron man 2 Tony stark vs hammer

[fentarasound]

This man focused too much on his competition that he ended up losing direction.

[cryptopunk]

silicon valley is littered with people like YT. there are so many smart people with ideas. to execute the strategy is so difficult.

[CL-emtk]

He should've just bought Tesla stock with all that money..

[pepper]

Too ambitious and lack of focus, they didn't know if they were a car company or a tech startup.

[hurleycapetown]

Don’t know why people are defending him, he preyed on small business owners with a get rich quick scheme and used unregulated channels to get funding, I don’t think it’s right to take peoples money on a high risk idea unless they know the exact risk/reward which it seems they didn’t.He fled his own country which says a lot.

[mayurdhamale]

We look up to Elon musk now just because he is successful now. There is no reason to downgrade this man, things don't always work the way you want.

[simplesimpleman]

Tried to take on Apple, Google and Tesla almost at the same time. Gimme a break.

[MrTeff]

Why do I keep hearing “Tesla killer” or “BMW killer”. It’s really a stupid, nonsensical phrase.

[Rayshod]

Crypto investment is great unlike the stock market and other financial market, crypto has no centralised location since it operates 24hrs in different part of the world

[youtubeadmin]

Never heard of him and you’re being far too kind here, he’s a fraud through and through.

[lingxiaowang]

He does not "go bankrupt"
He was bankrupt before he even started

[eXtrems]

You dont defeat a company by copying everything they do. The fact that their company's name is inspired by a scientist shows how much they wanted to copy tesla.

[isaiahholcomb]

Don't forget Tesla was on the verge of bankruptcy as well, so be humble.

[Derpy]

I don’t think tesla was ever challenged by a company that never shipped a car.

[litnationforever]

"YT ventured to take on Apple and Google" now that's taking on more then you can swallow.

[SpyFromMarsZeus]

This title makes him look like he failed challenging Tesla.
No, he failed everything.

[RayMak]

It takes more than money to beat Tesla. You'll need a crazy CEO