News Summary

• Faraday Future paid around $7.5 million to a company controlled by its founder Jia Yueting in 2025, according to a new regulatory filing.
• The long-struggling electric vehicle startup made the payments in a year when it delivered only four vehicles and lost nearly $400 million.
• The payments happened while Faraday Future was still under investigation by the Securities and Exchange Commission.
• The SEC dropped its four-year investigation in March, despite having sent notices to Faraday, Jia, and other executives last year stating that investigators were recommending an enforcement action.