EV Startup Faraday Said In Possible SPAC Merger Talks
Investors throughout 2020 have been seeing more potential in electric vehicle startups to compete against Tesla.
Photo: Grand Canyon NPS
Tesla's dominant position could be challenge by a host of EV startups like Faraday & Future Inc. (Grand Canyon National Park Electric Vehicle Charging Stations: Yavapai Lodge 6654 by Grand Canyon NPS is licensed with CC BY 2.0).
Photo: Grand Canyon NPS
Faraday & Future Inc., an electric-vehicle startup based in Los Angeles, is in talks to go public through a Special Purpose Acquisition Company (SPAC) merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter.
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