Faraday executives say its FF 91 luxury SUV will be the most technologically advanced on the market. But as Fred Katayama reports, the unveiling comes amid cash shortages and executive departures.
China's Tesla wannabe unveiled its prototype luxury electric SUV in Las Vegas. Faraday Future claims its "FF 91" will be the most technologically advanced on the market. It sports no handles. The doors open as a driver approaches. Equipped with sensors, it is expected to drive by itself someday. It can go 378 miles on a single charge. Insiders say the sport utility will retail for about $180,000. But cash shortages and a string of executive departures have raised questions about Faraday's own future. Dreamit managing partner Arben Kane is an expert on startups. SOUNDBITE: ARBEN KANE, MANAGING PARTNER, DREAMIT, (ENGLISH) SAYING: "Any time there's shortages of cash, that's not a good indicator. A lot of people leave. But people leave for other reasons as well. My assumption is more that they're leaving because of the pressure. They're executing a project within a very short time frame." Faraday faced another bump on the road ... at the Consumer Electronics Show. The billionaire who controls Faraday through his consumer electronics company, LeEco, Jia Yueting, drove the car onstage, then pushed a button to make it drive itself to center stage. But the vehicle failed to move at first. Faraday's senior vice president Nick Sampson said the remote control had worked fine outside: SOUNDBITE: NICK SAMPSON, SENIOR VICE PRESIDENT OF ENGINEERING AND RESEARCH AND DEVELOPMENT, FARADAY FUTURE, (ENGLISH) SAYING: "If we look up at the roof of this building, there's a lot of steel structure up there that inhibits some of the signals that this car needs to be able to self drive." Faraday says it will deliver the SUV in 2018.