A luxury EV once priced like a Rolls-Royce is now going for Hyundai money. The Faraday Future FF91 was supposed to be revolutionary—but today, it’s a cautionary tale in the world of electric cars.
A $300K EV That Almost No One Bought
In 2017, Faraday Future made bold claims about the FF91 2.0 Futurist Alliance. It promised to be an EV powerhouse, featuring:
- 1,050 horsepower from a tri-motor AWD system
- A massive 142-kWh battery with serious range
- Zero-gravity massaging seats and 11 screens inside
On paper, it rivaled the Tesla Model S Plaid and Lucid Air Sapphire. But despite its high-tech appeal, it never took off.
With a $300,000 price tag, it was a tough sell for a brand no one trusted. Delays, leadership scandals, and financial trouble tarnished its reputation. Deliveries were five years late, and only 13 cars ever made it to buyers.
Now, one of those rare FF91s is up for auction—and its value has plummeted.
From $300K to $30K—Too Good to Be True?
A 6,200-mile FF91 recently hit Bring a Trailer, and the bidding was shockingly low. As of February 7, the highest bid sat at just $31,250—a brutal 90% drop from its original price.
Depreciation hit this EV hard. Why?
- Faraday Future never gained mainstream success
- EVs from struggling brands lose value fast
- Limited production means uncertain support & repairs
Even though Faraday Future still exists, it remains financially unstable. The company is trying to launch more affordable EVs, but history suggests a rocky road ahead.
Should You Take the Gamble?
For the right buyer, this could be a dream deal. A supercar-level EV with ultra-luxury features for the price of a Hyundai Kona is tempting. But risks loom:
- Parts and service? Questionable.
- Resale value? A mystery.
- Company survival? Uncertain.
Final Thought
The FF91’s fall from grace is stunning, but it’s also a lesson. High-end EV startups can crash just as fast as they rise. Is this a rare steal or a $30,000 experiment in uncertainty?
