Faraday Future's net annual loss rose considerably from the 2020 to 2021 fiscal years. While the amount was only 147.08 million U.S. dollars in 2020, it reached a 516.51 million U.S. dollars loss in the 2021 fiscal year. The amount continued to increase in 2022, when the electric vehicle start-up recorded a 552.07 million U.S. dollars loss.
In correlation with this, the American start-up significantly increased its research and development expenses in the same period, contributing to the company's rising total operating expenses from the 2020 to 2022 fiscal years.
Faraday Future's annual net income/loss from fiscal year 2020 to 2022
(in million U.S. dollars)
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Faraday Future. (March 9, 2023). Faraday Future's annual net income/loss from fiscal year 2020 to 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/
Faraday Future. "Faraday Future's annual net income/loss from fiscal year 2020 to 2022 (in million U.S. dollars)." Chart. March 9, 2023. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/
Faraday Future. (2023). Faraday Future's annual net income/loss from fiscal year 2020 to 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/
Faraday Future. "Faraday Future's Annual Net Income/Loss from Fiscal Year 2020 to 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 9 Mar 2023, https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/
Faraday Future, Faraday Future's annual net income/loss from fiscal year 2020 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/ (last visited November 05, 2024)
Faraday Future's annual net income/loss from fiscal year 2020 to 2022 (in million U.S. dollars) [Graph], Faraday Future, March 9, 2023. [Online]. Available: https://www.statista.com/statistics/1401625/annual-net-income-loss-of-faraday-future/
