Faraday Future Bets Big: $10B Crypto-AI Fusion to Supercharge EV Dominance

Faraday Future just dropped a bombshell—and Wall Street's scrambling to price it in. The embattled EV maker's rolling the dice on a $10 billion crypto-AI moonshot, blending blockchain hype with machine learning muscle to revive its electric dreams.

Decoding the high-stakes gambit

This isn't just another corporate blockchain press release. Faraday's essentially mortgaging its future on two of tech's shiniest buzzwords, promising to 'redefine mobility infrastructure' through tokenized data markets and AI-optimized supply chains. The market's reacting like it's 2021 all over again—somewhere, a VC just ordered champagne using crypto profits.

The fine print investors are ignoring

No details on which blockchain they're using (naturally), or how exactly AI will magically fix production hell. But hey—when has that stopped crypto bulls before? One hedge fund analyst muttered 'This feels like buying Fisker stock with extra steps' before shorting another 100k shares.

Make no mistake: Faraday's either about to pull off the comeback of the decade or become the perfect case study for MBA students on hype cycle economics. Either way, grab your popcorn—this is Web4 meets Detroit in a collision even ChatGPT couldn't script.

A Real-Time Crypto Index and A Treasury to Back It 

In a press release, the firm revealed its plan to launch a “Crypto 10” treasury product, by investing up between $500 million and $1 billion in digital assets, and explore tokenized vehicle sales. It’s starting with an initial $30 million crypto investment, but has a vision to scale up to $10 billion.

“The next decade could be a super long bull cycle for the crypto market,” said Ian Calderon, Faraday’s Co-Creation Officer and founding board member of the California Blockchain Working Group.

Moreover, the company is also launching a C10 Index, a market-cap-weighted crypto basket tracking the top 10 non-stablecoin digital assets, intending to develop a full-fledged exchange-traded fund (ETF). The company also has plans to launch the “EAI Vehicle Chain,” a blockchain-based platform for tokenized vehicle sales and crypto-backed deposits. 

According to the company, the strategy could generate staking yields and other crypto-native returns to help fund vehicle development, share buybacks, and general corporate growth. It’s a financial experiment as much as a technological one.

California State Treasurer Fiona Ma also offered public support, calling the plan a bold and forward-thinking MOVE that could create high-quality jobs, attract global capital, and advance sustainable economic development.

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