Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a global shared intelligent electric mobility ecosystem company based in California, launched its first Co-CEO Weekly Investor Update led by YT Jia, the company's founder and co-CEO. This new initiative aims to enhance transparency and accountability by providing regular updates beyond typical annual and quarterly reports. Jia emphasized the importance of this move to rebuild trust with investors and stakeholders. Key Highlights of the Update 1. Initiatives for Transparent Communication: Jia announced the initiation of the "Weekly Investor Update" to foster open communication and timely responses to investor feedback. He outlined that this would be the first step in a broader strategy to deliver on promises and build trust. The updates will cover both financial and operational aspects, with a focus on explaining the company's progress and strategic decisions in a clear and structured manner. 2. 10 Punch Combo Initiative: The company kicked off the 10 Punch Combo Initiative for both FF and its new brand, FX. This initiative is designed to drive sales and secure pre-orders in the B2B co-creation ecosystem. Notable achievements included: Binding Pre-Order Agreement: On Tuesday, FF secured a binding pre-order for 1,000 units of the FX Super One, including a non-refundable deposit and a non-binding reservation from a New York dealership. Second Binding Pre-Order: On Thursday, FF signed a binding pre-order for 300 units of the FX Super One with Skyhorse, a California-based mobility solutions provider. Skyhorse will also become a co-creation partner, focusing on the First Class AI MPV market. These deals have bolstered the company's confidence, especially in the rental and car-sharing sectors, and indicate strong interest in AIEV models with high price-to-performance ratios. Jia highlighted the potential in the four major blue ocean markets FF is targeting. 3. Counteraction Against Short Selling: FF took steps to address potential illegal short selling and online manipulation targeting FFAI. An individual and related accounts involved were made to issue a public apology and remove all related content. Jia assured that FF will continue to take legal actions to protect investors' rights and maintain market integrity. 4. Areas for Improvement: While recognizing positive strides, Jia identified several areas needing improvement: Recognition and Accountability: Strong performance should be recognized and rewarded, while shortcomings must be addressed and penalized. Cross-Cultural Collaboration: Enhancing collaboration between different cultural teams to improve organizational efficiency. Positive Problem-Solving Culture: Moving away from a "say no" culture and fostering a mindset of making things happen. To tackle these issues, FF is rebuilding its core values and systems. Senior management roles have already been restructured or terminated where necessary. The company is implementing a goal-driven, execution-focused, and results-oriented approach. Strategic Focus for the Upcoming Week S1: Building the User Ecosystem: FF will further develop its user ecosystem, including a co-creation-based direct online sales model. The company is preparing for the official launch of the FX Super One and will initiate outreach to major U.S. ride-hailing platforms for potential strategic partnerships and enterprise client deals. S2, S3, S4: Product Development: Progress continues on the Super One vehicle line, with ongoing engineering, testing, supply chain enhancement, and production readiness. The second vehicle model has commenced open-road testing in the U.S., and more updates are expected soon. S5: Capital & Finance: FF is concentrating on finalizing its Q1 financial results and preparing for the upcoming earnings call. Jia will provide regular updates on this process in future reports. S7: Capabilities, Systems & Operations: The company is prioritizing the development of financial systems and will offer more structured updates on the advancement of FF and FX's organizational systems and capabilities. Personal Reflections and Future Outlook Jia expressed gratitude for the support he received upon his appointment as co-CEO, acknowledging the strong sense of responsibility that comes with leading FF. Despite the intensity and occasional anxieties of his first week, he remains committed to the company's success and believes in the importance of relentless execution. He concluded by encouraging investors to leave comments and expressing his willingness to engage and answer questions. Industry Evaluation and Company Profile Industry insiders have cautiously welcomed Jia's investor-centric approach, noting that enhanced transparency could help stabilize the company's tumultuous relationship with investors. Faraday Future positions itself as a pioneer in the Ultimate AI Tech Luxury market, disrupting traditional ultra-luxury car brands like Ferrari and Maybach. The company aims to become a leading User Company by offering a shared intelligent mobility ecosystem. However, challenges remain, including securing funding, managing competition, and ensuring market acceptance of its innovative offerings. FF's focus on AI and EREV technology is seen as a strategic move to capture growing demand in these areas, but the road to profitability remains steep.