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Yahoo
13-07-2025
- Business
- Yahoo
$50 million ‘flood proof bunker' rises on Biscayne Bay. Is mansion a model for the future?
A private, three-hole golf course, an elevated infinity pool which alone costs $1 million and air-conditioned living space encompassing 26,000 square feet – more than ten times the size of the average, single-family home: The extravagant $50 million 'G House' is 'one of the largest, new construction waterfront homes in Miami Dade — if not the largest,' according to its developer. But G House isn't clustered among the typical billionaire mega mansions of Star Island or Indian Creek. It's rising in suburban Palmetto Bay, on a waterfront plot along south Biscayne Bay considered so vulnerable to flooding and hurricane-induced storm surge that the village government would rather no one build there. But developer Manny Angelo Varas, owner and CEO of MV Group USA, is confident that once G House is completed, it'll be a 'totally flood-proof bunker.' It's designed, he said, to survive both Cat 5 winds and once-a-century floods. At G House, about 30 stairway steps (or a quick ride in a glass elevator) take you to the required main floor elevation of 17 feet, the minimum height set by federal and local regulations for this coastal swath of southern Miami-Dade County. That places the ultra-luxury mansion just 0.1 feet above the highest storm surge ever recorded in the county – right in this location – when Hurricane Andrew swept barracudas and other assorted fish into second floors, filled bedroom closets with crabs, and lobbed a 105-foot steel research vessel onto a private estate. In the 33 years since, growing fossil fuel emissions have continued to warm the planet, threatening ever more homes and lives in Florida, the state already most at risk of climate change. Storms are hitting harder, flooding is becoming part of life here. Regulators now categorize the south Biscayne Bay coast as having a one-in-four chance of flooding from a storm surge within 30 years. Not building in harm's way is one way to go about reducing flood risks. But Varas says working with ultra-wealthy clients – Jennifer Lopez, the rappers Lil Wayne and Rick Ross and the parents of Amazon founder Jeff Bezos are among those he names – gives him a generous budget to be 'two steps ahead' of South Florida's climate threats. 'I'm here saying there's a lot of things that can be done about it, and it takes everyone working together,' he said, walking past peacocks perched around the sprawling construction site. Eventually, he said, the less economically privileged might be able to adapt with similar innovations and standards, beginning with seeing the landscape — both natural and engineered — as part of the solution to the rising threats of flood in South Florida low-lying coastal zones. Because the G House project, visible to commuters off Old Cutler Road, sits in what's classified as a Coastal High Hazard Area, it had to be built much like new construction in the Florida Keys — literally high atop heavy pilings. But most of Varas' billionaire clients find the stilt house look unappealing, so the uninsurable ground floor is wrapped with what are known as 'breakaway walls.' They're designed to give into pressure from a storm surge that can then flow through and around the pilings without sweeping the house away. Many high-end Keys homes also use similar designs. To deal with extreme wind exposure, most of the other walls were built on-site, using liquid concrete that was poured into forms. Typically used for commercial construction, it's more expensive, but more wind-resistant than the pre-fabricated concrete blocks laid with mortar used in most South Florida home projects. Steel tendons that are pulled taut to further compress and harden the dried concrete allowed for the outdoor space to be shaded by 30-feet long overhangs. That allowed the architects of Studio Khora, a firm with offices in Miami and other South Florida cities, to design without columns that would disrupt the view of Biscayne Bay, glittering just beyond the infinity pool. Building for climate change includes an expansive landscaping plan. For storm surge and rising waters from Biscayne Bay, the dense roots and tangled canopies of roughly 20,000 square feet of mangroves will reduce the height and energy of surges. And for heavy rains, the little peaks and valleys of the three-hole golf course will not only provide challenges to players, but also are designed to help retain and absorb flooding. That $50 million figure includes not just the mansion but the land and all the surrounding accouterments. Spending that much wasn't necessary, of course, and Varas concedes some of the features could have been downgraded. Instead of turning seven surrounding acres into a private golf course, for example, a run-of-the-mill, subsurface stormwater tank would have sufficed to meet stipulations that new developments cannot intensify flooding on neighboring properties. But the fairways add to the aesthetics, he said, as does an 80-feet long water feature that cascades down the breakaway walls into a succession of three ponds in front of the entrance. The nearly 17-foot-high wall 'that could be assumed as an eyesore is really part of the beauty of it.' Varas said he enjoys the challenge of adding features that are flood and hurricane-proof and, at the same time, aesthetically pleasing. Most of his clients, however, don't even think about the risks of living on the coast until he brings it up. What convinces them to make the investment, he said, is that it simply pays off. 'Create sustainable items, but don't look at them as just sustainable. Look at them as the added value that you're creating,' he said. 'That's going to increase the property value while protecting you against a 100-year storm.' One example he uses when he speaks to his clients is Casa Costanera, a new development in Coconut Grove he initially intended as his own family residence. One of Cocoplum's first waterfront homes with a private, 130-feet sea wall and other features that made it more flood and hurricane resistant, it sold for $2,500 a square foot in 2021, more than double the average price at the time. Similarly, when MV Group was contracted to refurbish a $15-million property in Coral Gables' Journey's End neighborhood, the owners later sold it to Jeff Bezos' parents for $44 million, making a profit of almost $20 million, he said. 'It's not a cost, it's a financial decision,' he said. He obviously made a similar case to the owners of G House, Rene Gonzales, according to property records. Varas would only say that Gonzales — the G in G House — was an entrepreneur who did not want to speak publicly about the house and 'wants to keep a low- profile.' Varas believes that high-end homes like G House can show how to win a 'game of chess' against climate change. He says he has used the big budgets to create innovative designs and help push through adaptations to building codes 'to then create maybe new standards that would trickle down and make the average home — the non-billionaire home — safer as well.' For G House, his vision was to 'really create a benchmark for the city.' He hopes Palmetto Bay can point to the mansion and say 'this is who we are.' While Palmetto Bay's building department does view G House as an example of a flood-proof home, the village wonders whether it could be a blueprint for other community members. 'I don't know how many people can afford that,' the village's building official, Dean Klements, said. And while village manager Nick Marano said he has no professional opinion on whether G House was good or bad, Palmetto Bay's government 'wouldn't want to show that off to anyone as something like we think this is great.' Instead of building right on the coast, Marano said, the village is trying to preserve land to help protect against flooding. 'The village is very, very much aware of our vulnerability to storms, especially something as significant as Andrew or even Irma, and we're taking active steps to mitigate against that,' he said. Palmetto Bay's new resilience action plan, approved unanimously earlier this week, seeks to not having new development or increasing population density and to look into policies and incentives that will 'guide new development away from at risk areas', which includes all properties right along the coast. Not developing in highest-risk areas is the safest option. Yet since Hurricane Andrew, Miami Dade's population has exploded by 40 percent. More real estate has been built in harm's way, with some of the most expensive developments located in the most exposed areas. That would be much of the region's waterfront real estate. If Hurricane Andrew were to strike the same path today, the losses would be nearly three times higher than in 1992, according to an analysis by Swiss Re, one of the world's leading reinsurance companies. But G House is just one example in Palmetto Bay of how hard it is to discourage development in coastal areas that buyers still find alluring. Last month, the village had to agree to a new mall, about 450 new housing units, a 5-story fitness center, and a hotel with 120 rooms. The project is intended to go up at the former Burger King headquarters, which also was ravaged by Hurricane Andrew in 1992. The village originally opposed the development, but was forced to settle when the Atlanta-based investment firm that owns the land filed a claim seeking $15 million under the Bert Harris Act, which protects land owners from actions that would devalue or limit their vested rights. As part of the settlement, however, 35 acres will be preserved as green space. Thirteen of those, including mangroves, Marano said, 'are directly fronting on the bay, so that's certainly going to help with storm resiliency.' The other 22 acres are along Old Cutler Road, which will help alleviate flooding from rains. Public officials and developers might not always agree on how to handle the growing threats of climate change, but in the end, they're trying to answer the same question. 'If you live in Florida, it's inevitable that a storm is going to hit you,' Varas said. 'The question is: how are you prepared for it?' This climate report is funded by Florida International University, the John S. and James L. Knight Foundation and the David and Christina Martin Family Foundation in partnership with Journalism Funding Partners. The Miami Herald retains editorial control of all content.
Yahoo
23-06-2025
- Business
- Yahoo
Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes "Scenario-as-Store" Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000
FX to Co-Create "Luxury Car + Luxury Home" and "Drive Home Together" scenario-based ecosystem with leading real estate brokerages including Pinnacle Group. Private preview and Co-Creation event countdown begins: FX Super One set for private showcase, experience & Co-Creation on 6/29. FF AI 2.0 to go live with real-time support for 50+ languages, coming soon to FF 91 and FX Q3 strategy upgrade and KPI sign-off to begin next week alongside 2025 Q2 and mid-year performance review. LOS ANGELES, June 23, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. "A quick heads-up for everyone: the FX Super One's first in-person Private Preview & Co-Creation Event is on track to take place next Sunday afternoon, June 29, in Los Angeles. Now let's start with the progress we made this past week. On S1 User Ecosystem, first, yet another stride in pre-order collection. FX has signed a deposit agreement for 500 FX Super Ones with Telling Inc., a leading MCN livestream e-commerce ecosystem service provider focused on the North American market and TikTok. With this, total B2B binding deposit agreements for non-binding preorders for the FX Super One have reached 4,000 units. Telling Inc. is the third MCN B2B co-creation partner to sign a deposit agreement with FX, and this marks yet another successful case of the 'end-to-end B2B2C' co-creation ecosystem model between the automotive industry and MCN agencies. Second, our Private Preview & Co-Creation Event on June 29th will be the first official showcase of the FX Super One for a select, invite-only audience, who would enjoy an exclusive preview, experience, and co-creation session. The entire FF and FX team is now focused on final preparations for the June 29th event, which include vehicle calibration, on-site setup, guest confirmations, coordinating test rides and test drive logistics. We are in the final sprint. Although the available spots for the event are limited, the response has been overwhelming. As of today, following a careful review and selection process, we have confirmed that we have reached over 100 guests from a diverse range of industries. We look forward to welcoming them on June 29th, where they will be the first to witness and experience this groundbreaking new species: the first-ever First Class AI-MPV for the U.S. market. Third, we have now received the non-refundable deposit for the 1,000-unit non-binding pre-order of our FX Super One from Pinnacle, one of California's largest real estate brokerages. This collaboration with Pinnacle not only catalyzed the eco-chemistry that merges the auto industry and the real estate brokerage system, it also creates a first-of-its-kind symbiotic ecosystem designed for mutual success. It allows FX to bypass the traditional dealership investment. Instead, we can tap directly into Pinnacle's assets: their network of nearly 2,000 experienced agents, their extensive open-house events across Los Angeles, and their direct access to a high-net-worth client base. This helps craft a truly immersive, experiential, and accessible buying experience where customers can encounter our vehicles in a natural, low-pressure environment. More importantly, this is a key milestone in realizing the 'Scenario-as-Store' vision I've long held: an asset-light, co-creation sales model that is now bearing fruit through FX. Looking ahead, we will continue to forge partnerships with top real estate brokerages to pioneer our scenario-based ecosystem with programs such as 'Luxury Car + Luxury Home' and 'Car Home Together,' which brings not only a vastly improved customer experience, but also lower acquisition costs, and exponential operational efficiency, all driving co-creation, sharing, and win-win outcomes. This model is designed to be a cornerstone of our strategy for driving rapid volume growth and achieving blockbuster success. It's a crucial part of our plan to fulfill the vision of An AIEV for Everyone in the U.S. Going to S2 and S3, Product and Technology: We are proud to announce the upcoming milestone release of our FF AI 2.0 system, which can now switch between over 50 languages in real-time, remember conversational context, and understand complex commands. For example, it can even do this. When you tell it: 'It's a bit warm, but I don't want the AC on,' it will intelligently recommend to adjust alternative vehicle controls for optimal comfort, such as pop the windows or close the roof shade. FF AI 2.0 is deeply integrated with Open AI. The system is scheduled to be available on the FF 91 via an upcoming OTA update, with a planned rollout for the FX line in the future. FF could be the first automotive company in North America to offer this level of AI functionality. For a diverse, multilingual market like the US, FF AI 2.0 could provide value we believe is exceptional to users. Finally, S7 Capability and System Build-Up: Since I took office as Co-CEO, the company has adopted a quarterly strategic update and management framework to ensure we can adapt quickly to market dynamics and our own business results. Next week, we will initiate the upgrade and sign-off process for the Q3 strategy execution plan and KPIs. We will also launch our performance review for the second quarter and the first half of 2025. We have a packed and pivotal week ahead. To our guests for the event, we'll be waiting to welcome you as the sun sets over California. Spoiler alert, next week's update will take you behind the scenes with exclusive highlights of our Private Preview & Co-Creation Event. Until next week." ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plans," "desire," "believes," "seeks," "may," "will," "should," and "future," variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the number of vehicles that Pinnacle Real Estate Group ultimately chooses to purchase from the Company, which may be as few as one; the ability of Pinnacle Real Estate Group to identify purchasers for the Super One; the Company's ability to expand production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's history of losses and expectation of continued losses; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes "Scenario-as-Store" Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000
FX to Co-Create "Luxury Car + Luxury Home" and "Drive Home Together" scenario-based ecosystem with leading real estate brokerages including Pinnacle Group. Private preview and Co-Creation event countdown begins: FX Super One set for private showcase, experience & Co-Creation on 6/29. FF AI 2.0 to go live with real-time support for 50+ languages, coming soon to FF 91 and FX Q3 strategy upgrade and KPI sign-off to begin next week alongside 2025 Q2 and mid-year performance review. LOS ANGELES, June 23, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. "A quick heads-up for everyone: the FX Super One's first in-person Private Preview & Co-Creation Event is on track to take place next Sunday afternoon, June 29, in Los Angeles. Now let's start with the progress we made this past week. On S1 User Ecosystem, first, yet another stride in pre-order collection. FX has signed a deposit agreement for 500 FX Super Ones with Telling Inc., a leading MCN livestream e-commerce ecosystem service provider focused on the North American market and TikTok. With this, total B2B binding deposit agreements for non-binding preorders for the FX Super One have reached 4,000 units. Telling Inc. is the third MCN B2B co-creation partner to sign a deposit agreement with FX, and this marks yet another successful case of the 'end-to-end B2B2C' co-creation ecosystem model between the automotive industry and MCN agencies. Second, our Private Preview & Co-Creation Event on June 29th will be the first official showcase of the FX Super One for a select, invite-only audience, who would enjoy an exclusive preview, experience, and co-creation session. The entire FF and FX team is now focused on final preparations for the June 29th event, which include vehicle calibration, on-site setup, guest confirmations, coordinating test rides and test drive logistics. We are in the final sprint. Although the available spots for the event are limited, the response has been overwhelming. As of today, following a careful review and selection process, we have confirmed that we have reached over 100 guests from a diverse range of industries. We look forward to welcoming them on June 29th, where they will be the first to witness and experience this groundbreaking new species: the first-ever First Class AI-MPV for the U.S. market. Third, we have now received the non-refundable deposit for the 1,000-unit non-binding pre-order of our FX Super One from Pinnacle, one of California's largest real estate brokerages. This collaboration with Pinnacle not only catalyzed the eco-chemistry that merges the auto industry and the real estate brokerage system, it also creates a first-of-its-kind symbiotic ecosystem designed for mutual success. It allows FX to bypass the traditional dealership investment. Instead, we can tap directly into Pinnacle's assets: their network of nearly 2,000 experienced agents, their extensive open-house events across Los Angeles, and their direct access to a high-net-worth client base. This helps craft a truly immersive, experiential, and accessible buying experience where customers can encounter our vehicles in a natural, low-pressure environment. More importantly, this is a key milestone in realizing the 'Scenario-as-Store' vision I've long held: an asset-light, co-creation sales model that is now bearing fruit through FX. Looking ahead, we will continue to forge partnerships with top real estate brokerages to pioneer our scenario-based ecosystem with programs such as 'Luxury Car + Luxury Home' and 'Car Home Together,' which brings not only a vastly improved customer experience, but also lower acquisition costs, and exponential operational efficiency, all driving co-creation, sharing, and win-win outcomes. This model is designed to be a cornerstone of our strategy for driving rapid volume growth and achieving blockbuster success. It's a crucial part of our plan to fulfill the vision of An AIEV for Everyone in the U.S. Going to S2 and S3, Product and Technology: We are proud to announce the upcoming milestone release of our FF AI 2.0 system, which can now switch between over 50 languages in real-time, remember conversational context, and understand complex commands. For example, it can even do this. When you tell it: 'It's a bit warm, but I don't want the AC on,' it will intelligently recommend to adjust alternative vehicle controls for optimal comfort, such as pop the windows or close the roof shade. FF AI 2.0 is deeply integrated with Open AI. The system is scheduled to be available on the FF 91 via an upcoming OTA update, with a planned rollout for the FX line in the future. FF could be the first automotive company in North America to offer this level of AI functionality. For a diverse, multilingual market like the US, FF AI 2.0 could provide value we believe is exceptional to users. Finally, S7 Capability and System Build-Up: Since I took office as Co-CEO, the company has adopted a quarterly strategic update and management framework to ensure we can adapt quickly to market dynamics and our own business results. Next week, we will initiate the upgrade and sign-off process for the Q3 strategy execution plan and KPIs. We will also launch our performance review for the second quarter and the first half of 2025. We have a packed and pivotal week ahead. To our guests for the event, we'll be waiting to welcome you as the sun sets over California. Spoiler alert, next week's update will take you behind the scenes with exclusive highlights of our Private Preview & Co-Creation Event. Until next week." ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plans," "desire," "believes," "seeks," "may," "will," "should," and "future," variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the number of vehicles that Pinnacle Real Estate Group ultimately chooses to purchase from the Company, which may be as few as one; the ability of Pinnacle Real Estate Group to identify purchasers for the Super One; the Company's ability to expand production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's history of losses and expectation of continued losses; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Sign in to access your portfolio
