Faraday Future Secures Financing, Strikes Deal With Shareholder

Electric-car startup Faraday Future Intelligent Electric has secured up to $100 million in new financing to fund operations after reaching a deal with one of its largest shareholders to resolve a monthslong governance dispute.

The agreement comes after Faraday said last week that its company leaders were facing death threats and a misinformation campaign as they sought to raise money for the production of its first vehicle.