Faraday Future CEO YT Jia Reports Record Q2 Revenue As EAI Robotics Business Enters Positive-Gross-Margin Volume Growth Phase, Reduces Debt By More Than $100 Million Year Over Year
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Why It Matters
Faraday Future made more money in the second quarter and its robotics business is now making a profit on each item it sells. The company also paid back over $100 million in borrowed money, which means it owes less than before.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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