Faraday Future: A Billionaire’s Backing Helps, But No Guarantee Of Success

With gas prices under $2 a gallon in much of the U.S. and electric vehicles not even making up 1% of the market, it’s hard to imagine that there is a tidal wave of interest in driving electric. But that’s not stopping the start-up Faraday Future, backed by Chinese billionaire Jia Yueting, from trying to make a splash at this week’s Consumer Electronic Show in Las Vegas.

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