FF Mobility Trading continues to strengthen its Middle East EAI robotics strategy through strategic cooperation frameworks and regional ecosystem collaboration across the UAE, GCC, and potentially the broader MENA region.
What a ride today! AIXC ran +323% intraday, closed +86%, halted a dozen-plus times. The headline was robots. The filings say otherwise.
The Announcement: A pivot to "physical AI" and RoboShare's first paid commercial order. That order is ONE weekend booking: six robots at a rapper's event in Malibu. There is not a single dollar figure anywhere in the release.
The Crypto Exit: The release frames abandoning the Digital Asset Treasury strategy as strategic conviction. The 10-Q filed eleven days ago says cash was $577,328 as of June 30, down from $19.3M at year-end, against a $7.9M six-month burn. This isn't a pivot away from crypto. It's selling the crypto because it's all they have left.
The ELOC: Nobody buying today read this. On June 16, AIXC entered a $50M equity line with Gold King Arthur Holding Limited. Pricing: 93% of the lowest daily VWAP over three consecutive trading days, plus a 3% draw fee. On July 27 they filed an S-1 registering 55,000,000 shares for resale against 20,234,993 outstanding. The S-1 states the dilution itself: ~73%.
This was a classic liquidity event and there are now more retail losers (the liquidity) holding AIXC and more money for insiders. Sound familiar??
1. The 10-Q (cash $577,328, the burn, going concern)
https://www.sec.gov/Archives/edgar/data/1460702/000149315226036658/form10-q.htm
2. The S-1 (the $50M ELOC, 93%-of-lowest-VWAP pricing, 55M shares registered, ~73% dilution)
https://www.sec.gov/Archives/edgar/data/1460702/000149315226034816/forms-1.htm
The daily dump window of VWAP settlement
If the algorithm fell behind its daily selling quota during the low-volume mid-day lull, it triggers a market order sweep in the final 20 to 30 minutes of trading.
Of course there's day trader liquidation and some stop-loss in action, it happen way too regular.
It should be as clear as day to everyone, that the announcement (of the "intention") to prohibit toxic conversions below $5 was all a ploy to bait in more liquidity to actually do the exact opposite, which is ACCELERATE the toxic conversions - not slow them down. At least that is how I see it...and evidently how it played out.
Faraday never had the decency to to confirm whether or not it was in effect. But ultimately, it didn't even really matter obviously. Because the only time this toxic dilution trash even sniffed $5 since that PR, was in aftermarket after the horrific ER report that FF tried to pass off as being good. Even if this freeze is active, all it does is serve as a green light for shorts to sink their teeth in when (of if) the price ever reaches this level. Which is probably won't.
I think this one single act, more than anything, shows you exactly what kind of people YT and Jerry are. If you want to keep shoveling your money to these people, I will leave that up to you. I, however, will safely assume that there will be nothing but more smokescreens, games and collusion with the most malicious toxic lenders on Wall Street, despite the countless times YT and Jerry have chirped about "transparency". Look into their souls and look into the company's filings for the truth.
Q2 press release — Business Wire, Aug 13, 2026, 4:22 PM ET:
>"The EAI automotive business remains one of FF's core businesses and an important component of the Company's overall EAI strategy."
YT Jia, Weekly Report, days later:
>The vehicle business is described as the source of "legacy burdens and debt," with the stated goal being to free FFAI from "the weight of legacy burdens and automotive debt" so robotics can move forward without those constraints.
Both cannot be true.
If automotive is a core business and an important component of the strategy, it isn't a burden the company is trying to shed. If it's a burden to be shed, it isn't core to the strategy. And the press release says the automotive business won't be accelerated "unless and until sufficient funding has been secured." So it's a core business that is also frozen pending money that doesn't exist.
When will YT be held to account??
SOURCES:
Q2 press release (quote is in the 2026 Outlook section, under "Four-Core Full-Stack AI Ecosystem"): https://www.businesswire.com/news/home/20260813743465/en/
Weekly Update (starting at timestamp 3:06) https://youtu.be/8dYqni9DONA?si=Q3O1PG1Gv7s6RGbz&t=186
① FF Achieved Record First-Half Revenue, with Its Robotics Business Entering a New Phase of Volume Expansion and Accelerating Revenue Growth.
② In the Second Half, the Company Will Accelerate Revenue Growth Across Its Four-Core Full-Stack AI Ecosystem, Advance Phase Two of the "Built in USA" Program and Execute a Comprehensive Debt Resolution Plan, While Actively Exploring Independent Financing and Potential Public Listing Opportunities for the Robotics Business.
③ The August 26 and September 28 Upstream & Downstream Partner Recruitment Conferences Will Connect the Entire Industry Value Chain to Accelerate Nationwide Deployment of the "Built in USA" Initiative and the EAI Robotics Education Ecosystem.
Faraday Future appeared at the J.P. Morgan Auto Conference in New York on August 12–13, 2026. This is not a penny-stock webinar. It is the single largest annual gathering of institutional auto investors in the United States, and the buy side attends in volume.
FFAI posted the deck they brought. It is on their own investor relations site, listed under the J.P. Morgan Conference event entry:
https://investors.ff.com/sites/g/files/FaradayFuture_JP_Morgan.pdf
Every page is stamped PROPRIETARY AND CONFIDENTIAL, which is an interesting choice for a document published on a public webpage.
I want to set aside the substance for once and just look at the craftsmanship. Because before you evaluate what a company is telling you, it is worth asking how much care went into telling you.
Start with the global footprint map, which is slide three. The company misspells two of its own offices. Hanford misspelled "Handford." Shanghai is rendered "Shnaghai." A third location, San Jose, has no description at all. FFAI has an office in San Jose??? No El Segundo office???
The "Market Validation & Demand Signals" slide is a list of ten FF 91 recipients and YT Jia is on it. The founder is presented to institutional investors as evidence of external demand for his own product.
A slide titled "Complete Six Series Full-Form FF EAI Robot World Lineup" describes only five products.
A $1,990 robot dog that uses your smartphone as its face is defended in the deck's own copy as "a true entry-level embodied-AI robot, not just a toy." When your pitch materials are pre-emptively arguing that the product is not a toy, the pitch has already been lost.
The $37,990 education humanoid's first listed core selling point is "boxing, kicks, backflips, cartwheels, breakdance." That is the lead bullet. For the education product. At thirty-eight thousand dollars.
“Vibe Coding natural-language program generation" is listed as a platform feature. In a deck for institutional investors.
The FF 91's artificial intelligence technology bullets include "ChatGPT" and "Live TV." Not an integration described, not a capability explained. The words "ChatGPT" and "Live TV," listed as AI technology, in 2026.
So a company asking institutional investors for capital had months of lead time, a fixed date on the calendar, and a professional audience and could not spell the name of its own factory.
Draw whatever conclusion you like about the rest of the document.
These 10-Q nuggets just keep on coming. I guess it isn't much of a surprise that this has happened, but rather that it is still happening
>Subsequent to June 30, 2026, the Company implemented staff reductions and temporary salary reductions as additional cash-conservation measures. The Company announced and explained these measures to affected employees and offered employees subject to the temporary salary reductions an opportunity to receive equity-based compensation intended to offset a portion of the reduction in cash compensation. The amount, timing and issuance of any such equity awards are subject to the applicable terms of the program, required approvals, applicable securities laws and the Company’s trading policies. These measures are intended to reduce near-term operating cash requirements but may not generate sufficient savings to alleviate the substantial doubt regarding the Company’s ability to continue as a going concern.
After all YT claimed 3 weeks ago that the company fundamentals have never been better "since sharpening our focus on the EAI robotics strategy"
https://reddit.com/link/1vposhr/video/h0la66eccojh1/player
Of course the stock offering is just another mechanism for dilution, albeit a small one, and a burden place directly on the backs of shareholders. I wouldn't surprised if they issued shares to employees and dragged their feet registering the shares for sale in the open market. Not much different than the share settlement agreements for suppliers.
Here's what he said:
2. Hanford factory being evaluated for robots. (Hey YT, you're rebadging AGIBots, not manufacturing them.) MD&A, p. 81
3. GlobeX suspends engineering agreement (this was the $40M non-refundable deposit under any circumstances to a 20 day-old Chinese company, Hebei Huanzhou): MD&A, Recent Developments, p. 82
The EV U.A.E. site is paused. The Hanford site is being evaluated for robotics. Its engineering services agreement is suspended. FF's own stated answer to where EVs gets built is that the location remains subject to four separate conditions.
So tell me again where and how EVs get built, and on what timeline?
Uploaded the wrong one the first time. My bad
Another 1 day surge and surpression
I can't find better phrase to describe this comedy
The summary for today's meeting
Proposal 1: Issuance of Class A Common Stock to Convertible Note Holders - PASSED
Proposal 2: Corporate Name Change - NOT APPROVED / UNRESOLVED AT CLOSE
(In Delaware corporate law, name changes require an absolute majority of all outstanding shares, as you could imagine a lot of people want CARS don't want that stupid new company name)
Proposal 3: Adjournment Proposal - PASSED
As the 20% nasdaq limit is removed, Streeterville Capital and SPA etc. can now convert without restrictions.
Next price target is $2 ( Nasdaq Marketcap delist threashold, 30 business day till pink sheets)
Lenders wont care if it drop below 2$, as they just need to liquited all converted shares on Nasdaq before delist day - even out the action in 30 business days so they don't scare off fresh investors, as long as there are poor bas***** still BUYING to feed the liquidity (Jia will work hard on his weekly narratives)
Estimate time to death: 3 - 6 weeks (15M - 30M newly printed shares)
AIXC's money from Jerry would buy a few weeks of cash flow to stall some time but it's not a lot
Jia's end game is maintaining corporate control and avoiding involuntary liquidation or bankruptcy.
So he's prepared to drag everyone to the pink sheets and scale down his entire operation to cut down cost
and put FF into low-burn dormant mode, waiting for the "next pivot"
After FF's first decade ultimately culminating with blowing hundreds of thousands of dollars on a post-World Cup sponsorship of Team Argentina and letting toxic lenders like Streeterville rip the stock apart like vultures, all while burning tens of millions of dollars per quarter, he is asking for all shareholders' understanding. Does he have your support?
$100,000 of the robot sales went to YT Jia along with a 38% discount off of MSRP.
This employee purchase program appears to be something made up out of the blue. A quick search on google and previous 10Q/K's shows nothing.
We can only guess at what the motive is here. Maybe he just wanted some free robot dogs roaming around his free mansion. Maybe he wanted to prop up the revenue for some good headlines. Maybe a "YT's robot outlet" will open up down the road. Maybe it's a genuine personal purchase that will get paid back (lol, right).
This is why people think it's a scam.
Was this prediction image wrong? no
(oh we overestimated their sales capability, looks like all they sold were robot dogs, near zero expensive humonid, all the demonstrations were wasted)
Revenue: $836K for the three months ended June 30, 2026, compared with $54K in the year-ago quarter (1,448% YoY).
1448%, what a great number, oh wait, you sold pretty much NO CAR last year.
and even miss the consensus estimated of $1.38M to 2.3M target
FF reported cost of revenue of $11.54 Million
Gross profit = 836K - 11.54M = -$10.7M (to generate $1 of revenue, FF spent $13.8 in direct cost)
WHAT S A BRILLIANT BUSINESS RESELLING AGIBOT IS
That's a LEGENDARY -1280% GROSS MARGIN 😂😂
NET INCOME: $-36M well predicted previously .
"IMPROVED YoY" from last year, of course improved vastly as you ARE NOT DOING CAR ANY MORE,
R&D spending slashed as it's resell business, workforce layoff, deferring vendor payables, etc.
It's an embarassing number for just RESELLING ROBOTS with LESS than $1M revenue.
$836,000 divided by 220 units shipped during Q2 -> $3800 per unit, LMAO
There's nothing else to say, the whole clown show and stock price movement has been explained in the last few weeks, and the numbers are well in prediction, even the PR words are predicted.
ABOUT CARS
They have to mention cars somehow to shut some investor's mouths off.
"limited deliveries of the FF 91 continued; FF 91 production at Hanford", who still buy this, let me guess, someone will.
"The company paused assembly and deliveries of the FX Super One in the U.A.E." they finally admitted it, after it's already a well-known fact months ago. Stalling is FF's standard business trick
With Faraday Future (FFAI) scheduled to drop its Q2 report after market close on August 13, 2026 (4:00 PM PT / 7:00 PM ET), today’s intraday action—spiking to $5.20 before getting immediately crushed back down to $4.33—is the classic setup.
The morning surge was triggered by pre-earnings retail positioning and sentiment manipulation surrounding yesterday's Proposal 1 vote pass (which unlocked conversion limits). Convertible noteholders (like Streeterville Capital) used that incoming buy volume to unload another block of shares, capping the rally instantly.
Because retail sentiment and algorithmic debt dumping interact predictably around binary earnings events, there are two primary short-to-medium-term scenarios:
[Post-Earnings Trajectory Scenarios]
Scenario A: "The PR-Spike Illusion" ➔ Initial Pop ($5.00 - $6.00) ➔ 2-Week Bleed to $2.00
Scenario B: "The Cold GAAP Reality" ➔ Immediate AH Dump ($3.00 - $3.50) ➔ Fast Track to $2.00
| Metric | Scenario A (PR Spike First) | Scenario B (Immediate Dump) |
|---|---|---|
| Initial AH / Open Price | $5.00 – $6.20 (+15% to +40%) | $2.80 – $3.50 (-20% to -35%) |
| Catalyst Driver | Headline "Robotics Revenue Growth" | Net Loss, Legal Liabilities & Cash Burn |
| Duration of Rally | 2 to 6 hours max | None (Immediate sell-off) |
| 3-Week Target | $2.00 – $2.50 | $1.50 – $2.00 |
| Structural End State | Debt-conversion dilution absorbs bids | Debt-conversion dilution forces new low |
Not sure if that was a glitch on my end or what.