Faraday Future shares soar on securing funding to start EV production

Faraday Future shares soar on securing funding to start EV production

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson

Shares of Faraday Future Intelligent Electric Inc soared about 28% in premarket trading on Monday after the company said it had raised enough funds to start production of its electric luxury car FF 91 Futurist in March.